PRESIDENT Biden may crackdown on cryptocurrency after the White House issued a statement drawing attention to potential pitfalls of the currency such as ransomware and other cyber threats.

The statement from Joe Biden read: “Cyber threats can affect every American, every business regardless of size, and every community.

“That’s why my administration is marshalling a whole-of-nation effort to confront cyber threats.”

The White House also signaled that the US will gather 30 other countries, including NATO and G7 allies, to discuss responses to cybercrime.

“This month, the United States will bring together 30 countries to accelerate our cooperation in combatting cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically,” it read.

Federal Reserve chair Jerome Powell also announced Thursday that there are no plans to ban cryptocurrency in the US, and prices soared 10 percent.

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    Plenty of cryptocurrency fans have predicted Shiba Inu’s value for 2022, but you should take it with a pinch of salt as it’s nowhere near guaranteed.

    For example, crypto website Wallet Investor expects a value of up to $0.000018 in a year’s time.

    Meanwhile, Coin Price Forecast expects it to hit a value of $0.00002336 by the middle of next year.

    It then expects it to end the year at a slightly higher…

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