Author: hotcrypto
Understandably, investor attention crypto is fascinated by Bitcoin. It has a market dominance of nearly 40% and is the most adopted and most expensive cryptocurrency in the world. However, while Bitcoin has done more than enough to bring the cryptoeconomy where it is today, in the future Ethereum it will be decisive for the evolution of the sector and the speed with which it evolves. Ethereum as the engine of the crypto economy Ethereum does not rely on a clear monetary vision like Bitcoin, so its popularity and structural importance are not due to its cryptocurrency (ETH). Ether is just…
Barstool Sports founder Dave Portnoy is no stranger to sharing his stock and cryptocurrency purchases with his followers on Twitter Inc (NYSE:TWTR). On Friday, Portnoy shared a huge purchase of Bitcoin (CRYPTO: BTC). What Happened: Portnoy took to Twitter to share that he bought 29.5169 Bitcoin a price of $36,924.86 each. The total purchase price was $1,089,907.77. “F***ed around and bought 29 bitcoins today #Bitcoin,” Portnoy shared with his 2.7 million Twitter followers. The purchase of Bitcoin by Portnoy led to several calling out his investment in Safemoon (CRYPTO: SAFEMOON), which has fallen since his purchase. Portnoy shared that he…
Key Takeaways Astar Network has landed another $22 million in a Polychain Capital-led raise. Astar allows Ethereum and Polkadot-native smart contracts to co-exist and communicate on Polkadot. The funds from Astar’s latest raise will help the network build out interoperability between Layer 1 chains. Share this article The winner of Polkadot’s third parachain auction, Astar Network, has raised $22 million in its latest strategic funding round. The project will use the funds to develop interoperability between Ethereum and Polkadot-native smart contracts.Astar Network Secures FundsAstar Network just landed a big investment. The Polkadot parachain winner announced Friday that it had secured $22…
Share this article DeFi Land provides a blend of two major Web3 themes: NFTs and decentralized finance.Solana’s Hackathon WinnerGameFi unit DeFi Land is pleased to announce its Land NFT Seed Sale. A total of 7,500 DeFi Land Seeds will be made available for sale, distributed via the project’s website and the Magic Eden Platform.Blockchain gaming-oriented investors continue to take an interest in projects that combine decentralized finance with gaming in a GameFi effort. DeFi Land is one such project, as it provides an agricultural game setting where various aspects of decentralization become gamified. While players can earn money by playing…
IOTA, the open-source distributed ledger and cryptocurrency, has been selected as one of seven contractors by the European Blockchain Partnership (EBP) to develop and enhance pan-European blockchain services. Overseers of the IOTA network, the IOTA Foundation is set to “participate in the first phase” of the EU’s blockchain pre-commercial process. This stage will see new distributed ledger solutions designed with a focus on energy efficiency and scalability. If selected for the next phase, IOTA could be one of the technologies that will be developed and tested with core European services. The EBP was formed in 2018 by all EU member…
Union Budget 2022-23: Cryptocurrency will support India’s financial inclusion goals and also lower the cost and the speed of transactions all over the globe Indian Union Budget 2022: New investors need guidance to invest in cryptocurrencies India’s crypto market has been increasing over the last few years. According to a Nasscom report, it is expected to touch $241 million by 2030. With the current trends, more Indians and investors are expected to join the crypto revolution across all demographics. India is a country with diversified financial needs and having a cryptocurrency will promote the underlying benefits of this technology. The…
A low-cap decentralized finance (DeFi) altcoin has bucked the overall crypto market trend and surged in price this week after receiving expanded retail support from a popular exchange. The Singapore-based Crypto.com listed Tectonic (TONIC), the 1275th-ranked crypto asset by market cap, on its mobile app Sunday. Tectonic bills itself as “a cross-chain money market for earning passive yield and accessing instant backed loans.” TONIC, the project’s protocol token, is used for governance and staking. Crypto.com first listed the token on its website earlier this month. Tectonic, which is built on the Cronos blockchain, also announced on Twitter this week that…
Crypto-focused venture capital fund ChainLink Capital Management has set a target to reach $100 million in assets under management each for its Luna and Ama funds this year, general partner Andrew Hoppin told CoinDesk in an interview. The funds had about $30 million and $13 million under management, respectively, at the end of last year. This news is republished from another source. You can check the original article here
Solana, Avalanche, Litecoin, Cardano, Matic, Bitgert & Centcex – 5 Facts About These Cryptocurrencies by Analytics Insight January 28, 2022 Crypto investors must be aware of facts about popular cryptocurrencies such as Solana, Avalanche, and many moreHow much do you know about the best cryptocurrencies of 2022? Well, there is some crucial information about the crypto projects that investors need to know so that they can make the right decision. Some of these facts about these cryptocurrencies can also help tell the direction the project is taking, hence providing the basis for decision-making. Here are 5 facts about these top…
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin Cash had held firm above the $270 mark in the past few days. It did trade beneath this level for a few hours but saw demand arrive that pushed the prices up to $293, where it was trading at press time. Some short-term levels of resistance and retracement were marked on its charts. A bullish reaction from Bitcoin over the next few days could see Bitcoin Cash gain some value too. However, the longer-term trend and market structure remained…