Author: hotcrypto
In the last 24 hours, the crypto market witnessed a minor withdrawal after the bull run as prices approached the retracement phase. Thus, the price trajectories of Bitcoin Cash, VeChain, and Decentraland’s MANA saw a 24-hour decline. Additionally, near-term technicals for all the aforestated altcoins visibly showed decreasing buying power. Bitcoin Cash (BCH) Source: TradingView, BCH/USDT BCH performed well for over a month by steadily ascending within the parallel channel. The uphill ascent resulted in a nearly 26% 42-day ROI. As a consequence, the altcoin touched its nine-week high on 10 November. Since then, the bears countered the bull pressure…
Picking altcoins is slightly different from picking out clothes or choosing a smartphone. It requires a little more thought and a lot more research. But with the proper guidance and knowledge, you should be able to pick and invest in the right altcoins without much of a hassle.The term altcoin is a combination of ‘alternative’ and ‘coin’. It refers to crypto tokens introduced after Bitcoin. These coins share the same characteristics and framework as Bitcoin. For instance, both are peer-to-peer systems that run on similar if not the same code.However, there is one significant difference between the two: the underlying…
Decentralised oracle network Chainlink has taken two big steps this week to unlock the multi-chain future that people keep talking about. First custodial DeFi platform Celsius said it would integrate Chainlink’s “proof of reserve” system to create wrapped tokens that unlock cross-chain liquidity. Celsius will use the system to bridge wrapped versions of ADA, DOGE and ETH to the Polygon mainnet, with plans to bridge more tokens in the near future. For example, the system will allow ADA tokens to be deposited to a Celsius wallet, with wrapped cxADA available to be minted on Polygon when the Chainlink proof of…
Following its successful launch on the Polkadot Mainnet this week, Acala, an Ethereum-compatible DeFi protocol for scaling dApps, has revealed what lies ahead for the project. Acala’s Core Products Coming Soon The Acala team noted in an official press release seen by CryptoPotato that it intends to begin launching all of its core products soon. These include decentralized exchange (DEX) Acala Swap, upgraded Ethereum Virtual Machine (EVM+), decentralized stablecoin, aUSD, and LDOT. The project’s developers added that Acala has a few new product releases scheduled to go live following its official launch on Mainnet. One of them is a critical…
Share this article A new NFT collection is being launched by well-known artist, Gal Yosef, in collaboration with Eden Gallery.Meta Eagle Club NFTGlobally respected 3D artist Gal Yosef is excited to launch his Meta Eagle Club NFT collection. The launch is backed by Eden Gallery, an internationally acclaimed gallery for its high-end curation of artwork.Gal Yosef is a well-known name in the 3D art and NFT community. He is the artist behind the Crypto Bulls Society collection – which sold out immediately upon launch and generated over $50 million in primary sales and market auctions. Furthermore, Gal has worked with…
Cryptocurrencies continue to lose ground since the turn of the year following a wild rally for most of 2021 that was largely indiscriminate about whether a crypto project was 1) a legitimate project, 2) created with cool technology but was in search of an answer/use-case, or 3) was a SQUID-related fraud. Now, I know including points two and three in there seems like a passive-aggressive jab at the crypto space, but this isn’t an article to rag on cryptos. In fact, it’s quite the opposite. During pullbacks, the strong survive and the rest get forgotten, so we want to highlight…
For anyone who plays Wordle, you’re used to guessing five-letter words. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has a five-letter guessing game that could be right up your alley. What Happened: A video shared by U.S. President Joe Biden featured General Motors Company (NYSE: GM) CEO Mary Barra. “We are so happy to announce that we would invest $7 billion in the state of Michigan to further our EV manufacturing,” Barra said. “We want to have a portfolio of EVs.” Biden said he was happy to hear Barra’s announcement and that climate change means jobs, which Barra and GM are proving. “I…
The transparency of blockchains is often marketed as a benefit. It’s not. Main Street financial consumers are never going to adopt blockchain-based financial tools as long as blockchains are radically transparent. Regular folks have secrets that they want to keep.One of the most promising use cases for blockchains is decentralized finance (DeFi). The people who are building DeFi tools aspire for DeFi to be something more than a skate park for the risk-loving crypto-rich. They want their tools to solve real-world financial problems faced by individuals and companies, including America’s 31.7 million small businesses.This article is part of CoinDesk’s Privacy…
vgajic / Getty Images Since Web 3.0 is meant to operate via decentralized protocols, which are the foundation blocks of crypto technology and blockchain, there will be a growing relationship between these three technologies. What Is Web 3.0? Web 3.0 is the third-generation internet, where apps and websites will process information in a much more human-like way. Technologies like Big Data, machine learning and decentralized ledgers will allow Web 3.0 to prosper. Considering this, here are ten Web 3.0 cryptocurrencies to buy in 2022. 10 Best Web 3.0 Tokens for 2022 Here are the top Web 3.0 cryptocurrencies to buy this…
Congress and cryptocurrencies haven’t historically been a match made in heaven. However, it seems that with talk of regulation swirling, some politicians are still keen on digital assets. Unusual Whales, a blog that tracks unusual market activity, recently released a report on how Congress traded cryptos last year. The results are worth examining. Source: Shutterstock So what cryptos were popular in Congress last year? Bitcoin (CCC:BTC-USD) was, unsurprisingly, the king of Capitol Hill in 2021. Republican lawmakers Cynthia Lummis and Michael Waltz each purchased roughly $100,000 worth of BTC in 2021. Interestingly, a number of Congress members indirectly invested in crypto,…