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Cryptocurrency is an extremely high-risk and complex investment. Dont invest unless youre prepared to lose all the money you invest. You are unlikely to be protected if something goes wrong.Forbes Advisor has provided this content for educational reasons only and not to help you decide whether or not to invest in Cryptocurrency. Should you decide to invest in Cryptocurrency or in any other investment, you should always obtain appropriate financial advice and only invest what you can afford to lose.

(including market capitalisation and individual token price as of 21 May, 2024, CoinMarketCap)

Price: 55,789

Market Cap: 1.09 trillion

Bitcoin price

Price: 2,893

Market Cap: 347 billion

Price: 0.78

Market cap: 87 billion

Price: 487.61

Market cap: 71 billion

Price: 0.45

Market Cap: 23 billion

Trading volume data provided by crypto exchanges is not necessarily an accurate indicator of trading activity as some exchanges have inflated their numbers in order to raise the profile of the exchange and draw in new investors. (Source: Investopedia and Nasdaq.com.)

As of February 2022, 10% of UK adults were estimated to hold or to have held some form of crypto asset (UK GOV):

*HMRC survey conducted between 15 February and 22 June 2021

According to a survey from lendingtree.com, conducted in November 2022, a higher percentage of 38% of cryptocurrency investors have reported to lost money rather than profited, 28% say they made a profit, and only 13% broke even.

Be mindful, past performance is not an indicator of future results. Cryptocurrency is an extremely high-risk investment. Should you decide to invest in cryptocurrency, you should always obtain appropriate financial advice and only invest what you can afford to lose.

1 260: 40%

260 1,000: 5%

1,001 9,999: 7%

1 260: 25%

260 1,000

1,001 9,999: 13%

10k+: 6%

1 260: 25%

260 1,000: 13%

1,001 9,999: 15%

10k+: 12%

1 260: 18%

260 1,000: 17%

1,001 9,999: 11%

10k+: 3%

Resources:

Cryptocurrency is unregulated in the UK. The UK regulator, the Financial Conduct Authority, has repeatedly warned investors that they risk losing all their money if they buy cryptocurrency, with no possibility of compensation.

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Cryptocurrency Statistics and Trends 2024 Forbes Advisor UK - Forbes

Kabosu, the Shiba Inu behind the infamous "Doge" meme and the face of the cryptocurrency Dogecoin, has died, her owner said Friday. She was 18 years old.

The pup "crossed the rainbow bridge" in her sleep while at her home in Japan and with her owner, Atsuko Sato, petting her.

"She went very peacefully without suffering, as if falling asleep while feeling the warmth of my hands petting her," Sato said in a post on Instagram. "I am certain that Kabosu was the happiest dog in the world. That makes me the happiest owner in the world."

The X account for dogecoin also posted a tribute to Kabosu, saying she passed peacefully "in the arms of her person."

"The impact this one dog has made across the world is immeasurable. She was a being who knew only happiness and limitless love," the post reads. "Please keep her spirit and her family in your heart, and most importantly carry her with you as your story continues - we are all fortunate for hers to have touched and shaped ours."

Kabosu's life with Sato began in 2008 when the kindergarten teacher adopted the dog from an animal shelter. Like many dog parents, Sato started posting photos of the quizzical pup on Instagram and stories about her on her blog, but it was one particular photo that launched Kabosu from an internet starlet to a worldwide icon.

The photo features the Shiba Inu crossing her paws on a couch with her round head tilted a bit as she glares out of the corner of her eyes in a somewhat mischievous way, "eyebrows" raised. The image soon began spreading across the web, from Reddit to then-Twitter to YouTube and Tumblr. The Doge meme was born, typically attached to an inner monologue, grammatically incorrect sort of caption like "so scare" or "much happy."

Then in 2013, a digital currency called Dogecoin was created as a joke using Kabosu as its mascot. Meant to mock other cryptocurrencies, it's now the eighth-most valuable after a 2021 boom that made some investors millionaires. Elon Musk even mentioned adding Dogecoin as a payment method for Twitter subscription memberships.

But in 2022, Sato said the famous pup fell ill with leukemia and liver disease. She told AFP in a recent interview that internet fans and their "invisible power" helped her pull through.

Now fans have to say goodbye to the beloved pup. A public farewell party for Kabosu will be held on Sunday in Narita from 1 p.m. to 4 p.m., Sato said.

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Kabosu, the Shiba Inu that inspired the 'Doge' meme behind Dogecoin cryptocurrency, has died - Scripps News

Key Takeaways

This past week, a major conviction occurred in a crypto technology case, as a developer of privacy-preserving software was convicted for money laundering in the Netherlands. The CEO of digital asset manager Grayscale also resigned, and a report suggested the crypto industry could have a bigger political impact than ever through lobbying efforts.

Tornado Cash developer Alexey Pertsev was reportedly convicted of money laundering by a Dutch judge on Tuesday, and received a 64-month prison sentence.

An indictment revealed that between July 9, 2019, to Aug. 10, 2022, Pertsev consistently engaged in money laundering, and ignored suspect origins of illicit transactions on Tornado Cash.

Following the verdict, the 31-year-old Russian was taken into custody. Pertsev can appeal the sentence, but the time he has already spent in detention since his arrest in August 2022 will not be deducted from his prison term.

The case may influence upcoming trials of other Tornado Cash developers, including Roman Storm and Roman Semenov, who also face money laundering and sanctions violations charges in the U.S.

Grayscale CEO Michael Sonnenshein is stepping down, according to a release Monday. The company said Sonnenshein, who played a key role in the launch of spot Bitcoin exchange-traded funds (ETFs), is leaving the company to "pursue other interests."

Goldman Sachs Head of Strategy for Asset and Wealth Management Peter Mintzberg will take over the role on August 15. Mintzberg brings over 20 years of experience from roles at BlackRock, OppenheimerFunds, and Invesco. Until Mintzberg steps in, Grayscale CFO Edward McGee will serve as interim CEO.

Barry Silbert, CEO of Grayscale parent Digital Currency Group, praised Sonnenshein's leadership in transforming the Bitcoin Trust into an ETF. Earlier this year, Grayscale was among the firms that successfully listed a spot Bitcoin ETF in the U.S. after challenging repeated denials by the Securities and Exchange Commission (SEC).

The crypto industry is ramping up its lobbying efforts in Washington, aiming to influence the upcoming U.S. elections, CoinDesk reported.

By investing heavily in pro-crypto candidates, the industry is hoping to make progress in establishing a more favorable regulatory framework. Notably, crypto-focused political action committees (PACs) like Fairshake have raised substantial funds to support candidates sympathetic to crypto. These efforts have already impacted key races, reportedly helping thwart the re-election of Congresswoman Katie Porter, who has been critical of crypto.

Fairshake also contributes to party-affiliated PACs like Defend American Jobs and Protect Progress, and supports both Republican and Democratic candidates who back crypto-friendly policies.

U.S. lawmakers are preparing for a vote on the Financial Innovation and Technology for the 21st Century Act (Fit21), deemed crucial by major crypto companies for the future of the U.S. crypto industry.

Fit21 aims to establish safeguards against risky behavior and ensure consumer protection in cryptocurrency custody and bankruptcy, providing clearer guidelines for the industry. The upcoming vote could also determine whether the Commodity Futures Trading Commission (CFTC) will become a major crypto regulator, and delineate its jurisdiction from that of the SEC.

The Crypto Council for Innovation, which includes industry giants like Coinbase (COIN), Kraken, and Andreessen Horowitz, wrote a letter last week advocating for the bill, emphasizing the importance of the legislation for supporting the growth of digital assets and maintaining U.S. leadership in financial innovation.

Read more:
Cryptocurrency Market News: Tornado Cash Developer Sentenced to Over 5 Years in Prison - Investopedia

WASHINGTON (Reuters) - Kabosu, the Japanese dog that became a global meme and the face of alternative cryptocurrency has died at 18, her owner announced in a blog post on Friday.

The Japanese passed away while sleeping, her owner Atsuko Sato wrote.

Kabosu became recognizable as the face of Dogecoin, an alternative cryptocurrency that began as a satirical critique of the 2013 crypto frenzy.

But the token jumped in value after Tesla (NASDAQ:) boss Elon Musk, a proponent of cryptocurrencies, began tweeting about it in 2020. Since then the billionaire has repeatedly promoted the coin.

Dogecoin added as much as $4 billion to its market value last year when the billionaire, who bought social media site Twitter in 2022, briefly replaced Twitter's blue bird logo with an image of Kabosu. Musk subsequently renamed Twitter X.

With a market capitalization of around $23.6 billion, Dogecoin is now the ninth biggest cryptocurrency, according to data site Coingecko.com.

The impact this one dog has made across the world is immeasurable, Dogecoin posted on social media site X on Friday.

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Kabosu, the face of cryptocurrency Dogecoin, dies at 18, owner says By Reuters - Investing.com

Artificial intelligence (AI) cryptocurrencies have emerged as a promising sector. With the growing adoption of AI technologies across various industries, these coins are well-positioned to capitalize on the increasing demand for decentralized solutions.

In this article, we will explore the top three AI coins that could potentially surge by 100% in June. Near Protocol (NEAR), Render (RNDR) and The Graph (GRT).

Render (RNDR) aims to revolutionize the way digital content is created and rendered, making it more accessible and cost-effective for users worldwide.

Despite experiencing a 9.15% decrease in the past 24 hours, with a current trading price of $10.43, Renders strong fundamentals and growing adoption suggest that it could be poised for a price surge in June. In addition, the 24-hour trading range for RNDR is between $10.33 and $11.82, indicating a relatively volatile market.

Also read: Shiba Inu (SHIB) Predicted to Hit $0.0001553: Heres How

Near Protocol (NEAR), a scalable and developer-friendly blockchain platform, has been gaining traction in the AI and blockchain ecosystems. With its focus on usability, performance, and interoperability, Near Protocol has attracted a growing number of developers and projects.

Currently trading at $7.95, NEAR has experienced a modest 0.31% increase in the past 24 hours. The coin has a 24-hour trading range between $7.76 and $8.24. Also, as more AI projects build on the Near Protocol blockchain, the demand for NEAR tokens could potentially surge.

Also read: Top 3 Cryptocurrencies To Buy For 5X Gains In Anticipation Of Ethereum ETF Approval

The Graph (GRT), an indexing and querying protocol for blockchain data, has been playing a crucial role in the AI and blockchain ecosystems. Additionally, by enabling efficient access to decentralized data, The Graph has become a key infrastructure provider for AI projects.

Despite experiencing a 0.72% decrease in the past 24 hours, with a current trading price of $0.3364, In addition, The Graphs strong partnerships and growing adoption suggest that it could be poised for a price surge in June. The 24-hour trading range for GRT is between $0.3317 and $0.3572, indicating a relatively stable market.

Also read: Pepe Coin Hits New ATH: How High Can It Go This Weekend?

The AI and blockchain intersection has created exciting opportunities for investors and enthusiasts. With coins like Render, Near Protocol, and The Graph emerging as top contenders for potential explosive growth.

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Cryptocurrency: Top 3 AI Coins That Could Surge 100% in June - Watcher Guru