Author: hotcrypto
Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments. Defi platform Indefibank, which is behind the project, says the token will be pegged to the national fiat but independent from a state-issued digital ruble. Cryptoruble to Give Russian Companies Another Option for International Settlements Work is underway in Russia to launch a “tokenized cryptoruble” on the Ethereum blockchain, the CEO of decentralized finance (defi) banking platform Indefibank, Sergey Mendeleev, announced during the Blockchain Life 2022 conference. The plan is to issue the token through a decentralized…
Litecoin receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is giving Litecoin a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Litecoin! Trading Analysis LTC’s current risk…
The use of cryptocurrencies goes well beyond merely purchasing and holding. Every investor has one primary goal: to generate a profit. Blockchain technology is a distributed, decentralized, and cryptographically secure record of all transactional history, which is why it is a hot commodity for investors. Cryptocurrencies have emerged as one of the most rapidly shifting and volatile asset classes currently accessible. If you want to become a crypto millionaire, then Flasko (FLSK), Shiba Inu (SHIB), and Avalanche (AVAX) are the top 3 cryptocurrencies you can invest in, in 2022. Shiba Inu (SHIB) – suffering in this bear market As with…
– Advertisement – VeChain will aid in the conversion of used cooking oil to biofuel. In a tweet on Friday, VeChain confirmed an announcement by UCO Network, a blockchain protocol focused on sustainable biofuel production in Europe, notably becoming its Layer 1 blockchain of choice. “Transforming used cooking oil to Biofuels – a great use for a common waste resource. Just another of the ways VeChain will drive the sustainability revolution in Europe!” VeChain said in its Quote tweet. Transforming used cooking oil to Biofuels – a great use for a common waste resource. Just another of the ways #VeChain…
Stablecoin WarsStablecoins cannot pay interest or they would then be regulated as securities. And with rising interest rates, there’s a lot of money collecting interest at the exchanges. A battle is on for that money. The result is a stablecoin war as Binance Makes Move on Rivals.Binance, the world’s largest crypto exchange, said it would automatically convert users’ deposits of several rival stablecoins into its own stablecoin, Binance USD, starting this month. Analysts say Binance’s decision could escalate the rivalries among the largest stablecoin players, such as Tether and Circle, and generate additional revenue for Binance as the market cap of…
– Advertisement – According to a Santiment analyst, Terra Classic (LUNC) is fast becoming the next king meme coin with a pending main craze. Several meme coins have previously emerged in the crypto scene, dominating the space and successively falling off the throne. Dogecoin (DOGE), Shiba Inu (SHIB), and Safemoon (SAFEMOON) have all sprung up and lost the spotlight. Terra Classic (LUNC) appears to be reclaiming the throne, unlike the previously mentioned assets. A recent Santiment analysis revealed some similarities amongst the price actions of these memecoins, noting LUNC’s rise using metrics such as social presence and price movements,…
A widely followed crypto analyst says he’s still waiting for a clear point of view after Bitcoin’s (BTC) recent price drop. Pseudonymous trader Altcoin Sherpa tells his 183,100 Twitter followers that BTC’s price action is up and down at the moment. “BTC: Price is fractal, we’re seeing this same price action – stairs up, elevator down. It’s happening on a lower scale than the last few months, though. Let’s see where the smoke clears from this recent move down.” Source: AltcoinSherpa/TwitterSherpa looks at layer-1 blockchain Cosmos (ATOM), which has been steadily climbing against the grain of the declining market as of late. “ATOM: Lots…
Luxury brands tread lightly with metaverse, NFT marketing efforts in China South China Morning Post This news is republished from another source. You can check the original article here
IOTA (MIOTA/USD) is a distributed ledger that utilizes proprietary technology known as “Tangle,” which is a system of nodes that confirms the transactions. The native cryptocurrency is utilized as a means of exchanging value, and to account for transactions on the network. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. The “Login with IOTA” feature as a catalyst for growth On July 27, 2022, IOTA made an announcement on their official blog about a collaboration with the IOTA Foundation and Walt.id. Specifically, they are developing a privacy-preserving, SSI-based login system that will allow…
When it comes to cryptocurrency, there are plenty of examples of projects with a high market cap that have failed to maintain their position and plenty of smaller projects that have reached new all-time highs. One project that has managed to outperform both of these categories is Uniglo (GLO), which has been on a tear lately, bucking the trend of slumping prices in the crypto world. So, how has Uniglo managed to have a 35% price spike, unlike Fantom (FTM) and Dogecoin (DOGE)? Part of it has to do with the fact that Uniglo is a relatively new project scheduled for…