Author: hotcrypto
Advertisement     Web technology has tremendously evolved over the years. The first iteration of the Web was Web 1.0, which harbored basic websites that provided a limited or static user experience. It is sometimes called the read-only Web. Then came the second web version, Web 2.0, which provided a richer and more interactive user experience. It engaged with a larger audience and saw the flourishing of our present-day social media platforms like Twitter, Instagram, etcetera. Unlike web2, dominated by centralized platforms such as Google, Apple, and Facebook, Web3 will use blockchain, crypto, and NFTs to transfer power…
Guest Author Uniglo (GLO) pre-sale new stage kicks off, invites investors Dogecoin (DOGE) is a prime example of rocketing success in crypto. However, with its satirical nature, many people did not take DOGE seriously and, thus, missed out on the massive wealth that Dogecoin was later able to accumulate for avid supporters and loyal token holders. The early days of Shiba Inu (SHIB) led to pretty much the same outcome: doubtful investors left in the dust. A new decentralized finance (DeFi) project called Uniglo (GLO) started its first presale last July 15, and it is already emerging as potentially promising…
The Arbitrum network is slated to undergo a big upgrade shortly. The transition to Nitro will solve a few key issues and introduce more innovative features. It is a prominent development for the popular network, although it may not necessarily yield a price increase. Arbitrum Nitro Is On The Horizon Innovation occurs around the clock in the blockchain world. New developments can help improve existing networks and enhance their appeal. While most people focus on Ethereum and The Merge, networks like Arbitrum will try to improve their market position too. The Nitro release for this network will not only improve…
Decentralized lending platform Compound has launched a new “streamlined” version of its protocol called “Compound III.” With the update, Compound (COMP), an algorithmic, autonomous interest rate protocol, is moving away from a pooled-risk model where users can borrow any asset, according to a new blog post from Robert Leshner, the founder of Compound Finance. Explains Leshner, “In this [pooled-risk] model (which Compound pioneered) collateral is constantly rehypothecated. A single bad asset (or oracle update) can drain all assets from the protocol. Instead, each deployment of Compound III features a single borrowable asset. When you supply collateral, it remains your property.…
Advertisement     On Friday, Bitcoin and Ethereum opened with their heads down, with the global crypto market volatility remaining suppressed for the week ahead of the much anticipated Jackson Whole Symposium. By Saturday noon, the largest cryptocurrency by market capitalization was trading at $19,989, with price bouncing between $21,600 and $21,300 since Monday. On the other hand, despite weak attempts to recapture the $1,700 level on Thursday, Ethereum slipped by 4.50% overnight to trade at $1,474, with cryptos such as XRP, Cardano, SHIB, DOGE, and DOT exhibiting extremely weak volatility. Since the news on the Symposium started making…
For the past three months, nothing has been certain in the cryptocurrency market. With a highly volatile nature, cryptocurrencies fell victim to the downward pull of the greater economy that suffered due to increasing inflation and other geo-political trade challenges. However, cryptocurrency analysts are starting to feel confident about one thing – a new player in the decentralized finance (DeFi) space called Uniglo (GLO). This new project has also entered the radar or whales who have significant holdings in well-established cryptocurrencies. As such, analysts predict that Uniglo will soar before the year ends, outranking the likes of Elrond (EGLD) and…
The creation of Bitcoin paved the way for a new age of finance and a surge of new cryptocurrency projects built on different blockchains with the primary aim of solving real-world problems. As a result, the cryptocurrency market is now bubbling with a frenzy of new and pre-existing projects trying to overcome the other in new and innovative developments, real-world use cases, and user-friendliness. Pugglit Inu (PUGT), Binance Coin (BNB), and Ethereum (ETH) have shown some interesting features worthy of note. Pugglit Inu (PUGT) The Pugglit Inu (PUGT) project is a new meme coin project to revolutionize cryptocurrency exchange. The…
What happened The cryptocurrency market continues to trade closely with the stock market, and that has continued over the weekend. On Friday, Federal Reserve Chair Jerome Powell said that restrictive interest rate policies will continue until inflation is under control. That means interest rates will remain high and investors are selling risky assets as a result. As of 1:30 p.m. ET, Ethereum (ETH -4.11%) had fallen 7.1% in the last 24 hours, Bitcoin (BTC -2.87%) was down 3.5%, and Solana (SOL -2.97%) had fallen 5.7%. Most of the drop occurred on Friday or early Saturday, and the market had settled…
Image source: Getty Images Cryptocurrency continues to fall for investors, and it remains a shock to those who invested in the sector over the last few years. After making some people millions, it seems that those same people may have lost just as much in the recent crash. So, the question is, what now? What’s happening now? Cryptocurrencies like Bitcoin (CRYPTO:BTC) continue to wax and wane, but drops seem to be happening more regularly. Bitcoin, for example, fell by 88% from January to mid-July of this year. And while Bitcoin then rebounded by about 17%, as the market started…
On Saturday, August 27, 2022, the global market capitalization of all the crypto assets in existence dropped under the $1 trillion mark and the leading crypto asset bitcoin slipped below the $20K region for the first time since mid-July. Crypto Economy Craters — More Than $240 Billion Erased in 13 Days Digital currency markets this weekend are feeling the pain as the global cryptocurrency market capitalization today is just under $1 trillion, down 4% during the last 24 hours. That was after the crypto economy shed more than 6% the 24 hours prior. The crypto market’s major decline took place…