Author: hotcrypto
Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review
By Bitcoin.com Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years’ time, it will be one of the best investments of the decade. One analyst, however, says if the precious metal falls below $18, it’s “very possible that we could see silver get absolutely smoked.” In other news this week, the Federal Deposit Insurance Corporation (FDIC) has issued a crypto-related cease and desist order to popular cryptocurrency exchange FTX US, and four others. All this and more, in the latest Bitcoin.com News Week in Review. Analyst Says if Silver Dips Below $18,…
Frontnode announces future support for additional cryptocurrencies (ETH, XRP, Litecoin, Dogecoin)
Tallinn, Estonia – Frontnode, the Estonian-licensed crypto exchange focusing on bitcoin only, announced today the future listing of prominent crypto assets ethereum, cardano, XRP and Dogecoin. In a statement, Sirje Soo, the company’s CEO says: “Up until now, our focus has been to provide the most accessible way for users to invest in and use Bitcoin. Adding more currencies was always a part of our long term road map, and we are glad to say that we have finally reached the point where we will be able to provide more currencies. Our current expectations are that we will add the…
Ethereum whales have been shedding some weight in the last couple of weeks. This time around, their focus has rested on the popular meme coin Shiba Inu, which continues to boast a very active community, but the price has refused to follow the same direction. Following the downtrend, Ethereum whales which have always seemed to be the biggest supporter of the cryptocurrency, have now reduced their bags by a large margin. Ethereum Whales Shed More Weight At the height of the Shiba Inu rally, the total SHIB holdings of top Ethereum whales had crossed a collective $1 billion. This had…
VeChain blockchain endears to solve complex supply chain problems VeChain token is recovering alongside other cryptocurrencies The token has more upside potential but could face resistance A snapshot of the crypto market shows that most cryptocurrencies are gaining again. Bitcoin is up by 2.08%, while Ethereum has gained by 5.05% in the last 24 hours. As expected, most altcoins surge whenever the top cryptocurrencies post gains. VeChain VET/USD is one of the cryptos going higher. VeChain is a blockchain that aims to tackle complex supply chain issues via distributed ledger technology. While the technology remains at an infant stage, the…
Jerome Powell Speech, Merge Updates, and Bitcoin’s Choppy Price Action: The Week’s Crypto Recap
The past seven days were relatively unproductive in the cryptocurrency markets – at least in terms of price development, but this doesn’t mean there wasn’t volatility. The total capitalization seems to be hanging by a thread slightly above the coveted mark of $1 trillion. This time last week, Bitcoin was trading at around $21,700 but quickly retraced below $21,000. The price spent quite some time battling with this area, and it appears that even until this moment, there’s no clear winner. By the looks of it, the entire market was particularly indecisive and the main reason for this seems to…
“Red hot” Ethereum. Its switch from a proof-of-work blockchain to a proof-of-stake is supposed to … [+] greatly reduce energy use. Other blockchains are already there, but investors don’t really care, 12-month token performance shows. (Photo by Yuriko Nakao/Getty Images) Getty Images Remember when “Ethereum-killer” PolkadotDOT was $25 a coin? I do. That’s when I bought it. The proof-of-stake blockchain was light on the energy, something everyone agreed was important, especially after Elon Musk ditched BitcoinBTC as a currency TeslaTSLA would accept for payment because of its carbon footprint. Those computer units mining Bitcoin all do sure burn a lot…
Anyone that has spent time in NFT/crypto gaming over the last year or so knows that almost all traditional gamers have no interest in “NFTs.”You can without a doubt say they straight up hate the idea.Steam and Minecraft banned them in what could be the most shortsighted move in gaming history.When a typical gamer has to google “NFT” followed by “fungible” you’re setting yourself up for marketing failure.“Non-fungible token” appropriately describes what they are but is far too technical and is not familiar enough for most gamers.Couple this with the myriad of scams and copy/paste jpeg products and you get…
Crypto Braced For A $2.7 Billion September ‘Black Swan’ After $1 Trillion Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Price Crash
BitcoinBTC has this week dipped below the $20,000 per bitcoin level after Federal Reserve chair Jerome Powell’s closely-watched remarks. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The bitcoin price, deep in a 70% slump from its all-time high, last dropped under $20,000 in July—erasing all of its August gains (though some suddenly think now’s the right time to buy bitcoin). Meanwhile, the ethereum price is hurtling towards its own earthquake and other top ten cryptocurrencies—including BNBBNB , XRPXRP , solana, cardano and dogecoin—are searching for direction in a $2 trillion…
Defi Kings Launching Crypto Lending Service, Provide Loans Through Its First Sister Token
Lending in the crypto space is a much needed service. Defi Kings is expanding their services portfolio to meet the demand of people needing to borrow. Our lending utility is greatly needed and will be fully operational before launch. Eclipsing a million-dollar market cap with $DKL within the first few days doesn’t sound unreasonable to me.””— Chris HughesUNITED STATES, August 27, 2022 /EINPresswire.com/ — Defi Kings ($DFK) is a utility-based cryptocurrency running on the Binance Smart Chain. Registered as a legitimate business in the United States, its core mission is to create products and services through several business units that…
Look Out As Big Eyes Coin Is Set To Join Chainlink And Uniswap In Taking Over The Crypto Market
It is well known within the crypto industry how important it is that a project has the full backing and support of its community. Many of these crypto projects require the community to make reasonable input and contributions, from voting and governance to adoption and purchase. Many projects are almost exclusively pushed by community activity. This means that crypto projects always try to make innovative additions that appeal to the community they serve. This, in turn, cements the community’s loyalty and the project’s market dominance and longevity. Big Eyes Coin (BIG), Chainlink (LINK), and Uniswap (UNI) are three massive and…