Author: hotcrypto
Compound has launched a new version of its decentralized finance (DeFi) lending platform, Compound v3. The limited production release reduces the number of supported tokens that can be borrowed and collateralized on the protocol, according to a Thursday blog post from the protocol’s founder.Compound’s latest iteration, called Comet, allows users to borrow a single, interest-earning asset, USD Coin (USDC), using wrapped bitcoin (WBTC) as well as the native tokens from Chainlink (LINK), Uniswap (UNI) and Compound (COMP) as collateral. Compound v3 also employs Chainlink as the protocol’s exclusive price feed and simplifies governance smart contracts, which will enhance the system’s…
Cryptocurrencies have significantly transformed how financial transactions and investments are done in today’s world. Before the cryptocurrency market, it was nearly impossible to build such wealth in a short time. However, a large number of inexperienced investors have lost money when purchasing cryptocurrencies. In this article, we will highlight three cryptocurrencies that can potentially be profitable for long-term cryptocurrency investment. Cardano (ADA) and Maker (MKR) are two crypto market heavyweights that have continuously provided high returns to investors while also establishing a thriving community. http://Supontis (PON), a new cryptocurrency, is positioned to tackle issues within the Decentralized Finance (DeFi), Non-fungible…
The largest digital currency in the world, Bitcoin, is still fluctuating below the $22K price mark. Meanwhile, its daughter token, BCH, has recently gained some green bars, surging by 7%. BCH is the hard fork of Bitcoin. Its development is structurally and technically in line with those of Bitcoin. However, there’s just one notable difference between these two digital tokens, which is Block Size. Segregated option was not the best answer to the scalability problem of BTC. They observed a loophole in implementing SegWit to tackle the issue with Bitcoin. This became the dawn of Bitcoin Cash. The transaction mechanism…
Binance Coin, PancakeSwap, Theta and XRP witnessed a spike in positive sentiment among holders. Ethereum Merge could open the floodgates for altcoin season 2022, a massive rally of altcoins. The correction in altcoin price charts is similar to the one witnessed in 2018-19 before a double-digit rally in top cryptocurrencies. Positive sentiment among Binance Coin, PancakeSwap, Theta and XRP holders has increased in light of what could become the new altcoin season. Analysts are predicting massive gains in altcoins, following Ethereum’s lead after the Merge is completed. Also read: Ethereum price: Chandler Guo, Justin Sun battle Vitalik Buterin to keep…
A crypto winter is here but it’s going to be a “warm winter,” according to one crypto bull.Bitcoin may have fallen by more than half from record levels, but “there’s so much more than that,” said Edith Yeung, a general partner at Race Capital.”In some sense, the ‘warm winter’ is basically going to push out everybody who really [wants to be] there for short-term gain,” she told CNBC’s Street Signs Asia last week, highlighting that cryptocurrency is a long-term play.The term crypto winter refers to a prolonged period of depressed digital coin prices in the market.Cryptocurrencies have lost around $1.9…
Cryptocurrency markets, where investment trends are positive, continue to offer numerous opportunities that will bring profitability in the long run. Drawing attention to a very productive process, coin investors emphasize that the appreciation of altcoins will be high during this period. Along with altcoins, it can be seen that projects that are in the development stage are also attracting attention. Pugglit Inu (PUGT) is shown as one of the thriving ecosystems developed during this period. Pugglit Inu (PUGT): Our Choice For You! Pugglit Inu (PUGT) is stated as a meme coin project. Developed on the Binance Smart Chain, the ecosystem…
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors of Another 2 Chinese Cities to Pay Transit Fares With Digital Yuan Ningbo Rail Transit, the operator of the subway system in the city of Ningbo in the eastern Chinese province of Zhejiang, has launched payments in digital yuan, the central bank digital currency (CBDC) issued by the People’s Bank of China. The…
Bitcoin kiosk company Coinme now sells ether, polygon, chainlink, dogecoin, litecoin and stellar from its 10,000 grocery store kiosks, a Coindesk report said Wednesday (Aug. 24). The six new coins will add more opportunity to interact with crypto beyond the ubiquitous bitcoin. Meanwhile, bitcoin might be moving further down in value in the future, according to numerous technical charts, Bloomberg wrote Wednesday. Bitcoin is already down over 50% this year, recently being around the $19,000 to $25,000 range. September has been a historically bad month for bitcoin, and futures trading suggests downward pressure. Analysts have said that bitcoin might be…
Binance Coin BNB/USD was trading more than 3.75% higher at one point during Thursday’s 24-hour trading session, in tandem with Bitcoin BTC/USD, which temporarily jumped 2% alongside a slight increase on the S&P 500.Ethereum Classic ETC/USD and Shiba Inu SHIB/USD reacted more bullishly to the upward swing across the markets, trading more than 7% and 13% higher, respectively, on higher-than-average volume. The three cryptos have had multiple days of decreasing volume, which is often followed by an influx in volume to indicate a consolidation period is coming to an end.The move higher across the board was short-lived and by press time Binance…
Ethereum Classic [ETC] risks 51% Proof-of-Work (PoW) finality fraud. This was the current state of ETC as per a recent risk evaluation of its ecosystem. However, this danger did not just spring up as it was a possible outcome of the ETC network as the Ethereum [ETH] Merge draws closer. As ETH would finally switch to Proof-of-Stake (PoS) in September, it is expected that ETC would be affected. This projection, if happens, will not be the first ETC to experience a 51% attack. In August 2020, a similar incident occurred. This event led to a block reward delay and also…