Author: hotcrypto
Cardano founder, Charles Hoskinson, speaks on “another brutal red day in the markets,” which he blames on Fed Chair Jerome Powell’s recent hawkish speech in Jackson Hole, citing a CNBC report.Another brutal red day in the markets. People wondering why can refer to this https://t.co/FCNVWWLtdBWe are witnessing what @RonPaul said years ago. The Fed has two options. Kill the economy with high interest rates or destroy the currency with inflation. (1/2)— Charles Hoskinson (@IOHK_Charles) August 26, 2022The markets tumbled Friday after Fed Chairman Jerome Powell promised that the central bank would “use its tools forcefully” to combat inflation, which is still hovering…
The market capitalization of the entire cryptocurrency market has declined by about 5% since the month started. The current as of 27 August stands at $944.9 billion. Moreover, the general market decline has led leading coins like Bitcoin [BTC] and Ethereum [ETH] to post double-digit declines in the last 26 days. Sharing a significant positive correlation with BTC, Bitcoin Cash [BCH] has been impacted by the general market downturn. Good times haven’t lasted As of 15 August, BCH traded at $145.92, having grown by 40% 30 days prior. As of this writing, the altcoin exchanged hands at an index price…
© Reuters. Uniglo (GLO) Has Reached Presale Stage 2, Binance Coin (BNB) and Avalanche (AVAX) Holders are Waking up to Its Potential Uniglo (GLO) is a brand-new project in the decentralized finance (DeFi) sphere. Before this new project started the first phase of its presale last July 15, not many people knew about it, much less those who believed or understood its potential for growth. Some people might have doubted what exactly Uniglo was capable of, but now that the project has reached Phase 2 Presale, those doubts have slowly dissipated. Things are heating up for Uniglom and holders loyal…
Issued on: 28/08/2022 – 05:26Modified: 28/08/2022 – 05:24 London (AFP) – The world’s second biggest cryptocurrency after bitcoin, ethereum, will soon overhaul its blockchain technology to curb the network’s much-criticised environmental impact. Ethereum, whose digital unit ether tumbled in a crypto crash earlier this year, will in September undergo a major technical revolution.So what is the backdrop for the looming reset — known as the Merge — and how will it calm prices and cut electricity usage?Why does crypto use so much energy?Bitcoin, ethereum and other such currencies are “mined” by solving complex puzzles using powerful computers that consume enormous…
What people end up searching on Google provides raw insights into the real mindset, often revealing their interest, fear, and range of other emotions about a particular topic. To identify investor sentiment amid a bear market that is yet to find its bottom, Cointelegraph dug deep into the web to find out the most Googled questions about cryptocurrencies. The top 10 Google searches related to cryptocurrencies uncover an increase in curiosity among general investors — represented by two ‘Whys,’ three ‘What’s’ and five ‘How’s.’ Let’s go through the most crypto-related Google searches, from highest to lowest.What is cryptocurrencyEven after thirteen years…
A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins, a citizen of the small Baltic nation of Latvia, was extradited to the United States on Friday. The Latvian has been handed over to the American judiciary on a six-count indictment charging him with wire fraud, securities fraud, and conspiracies to commit wire and securities…
Litecoin Price Prediction: The beginning of the end FXStreetLitecoin (LTC) Falls 2.53% Saturday: What’s Next for This Neutral Rated Crypto? InvestorsObserverLTC Price Prediction: Can Litecoin Price Reach $100? CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto NewsLitecoin (LTC) Near-Term Route Could Be Determined By This Factor NewsBTCLitecoin leads way as largest cryptocurrencies decline MarketWatchView Full Coverage on Google News This news is republished from another source. You can check the original article here
Over the past couple of years, cryptocurrency has been famous for its sky-high returns. Ethereum (ETH -0.28%), for instance, has seen its price soar by nearly 800% over the past three years. Solana (SOL -0.98%) is up by more than 3,600% since its inception, and Shiba Inu (SHIB -1.33%) has skyrocketed by a staggering 23,600,000% since its lowest point in 2020. It’s often tempting to think about how much you could have earned had you invested early on. But crypto prices have been plummeting since late last year, and many investors may be wondering whether it’s worthwhile to invest at…
The price of Polygon (MATIC) has shown great strength in the past few weeks against Tether as it maintained its bullish sentiment. Despite the retracement across the crypto market, Polygon has shown great strength holding above $0.75 compared to other crypto assets that have lost their key support. (Data from Binance) Polygon (MATIC) Price Analysis On The Weekly Chart Weekly MATIC Price Chart | Source: MATICUSDT On Tradingview.comFrom the chart, the price of MATIC saw its weekly low at $0.75; the price of MATIC bounced from that region to a price of $1 on the weekly chart as the price…
Cryptocurrency markets dropped following a highly anticipated speech from Federal Reserve Chair Jerome Powell at Jackson Hole, Wyo., on Friday. Powell noted that the Fed would continue to “use our tools forcefully” in battling inflation, warning of “some pain” ahead. “While higher interest rates, slower growth, and softer labor market conditions will bring down inflation,” he continued, “they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.” From the start of Powell’s speech at 10 a.m. EST, Bitcoin fell over…