Author: hotcrypto
RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Wednesday, rising by 4.55 percent to $37,968 at 3:08 p.m. Riyadh time. Ether, the second most traded cryptocurrency, was priced at $2,539, up by 5.19 percent, according to data from Coindesk. Other News: The International Monetary Fund on Tuesday called on El Salvador to change course and stop using bitcoin as a legal tender, citing the significant risks posed by the cryptocurrency. The small Central American nation in September became the first country in the world to embrace the digital coin, allowing consumers to use it in all transactions, alongside the US…
SAN FRANCISCO, Jan. 26, 2022 /PRNewswire/ — Today, Wyre, a leading cryptocurrency compliance infrastructure provider, is announcing an integration with the Stellar network to effectively onboard local Brazilian and Argentinian currencies into digital assets. Through the integration, Wyre is growing functionality in Latin America and allowing developers and businesses looking to leverage cryptocurrency transactions to easily expand into new regions, and accept new forms of payment. While exchanging various global currencies into cryptocurrency has been historically challenging, Latin America boasts a strong cryptocurrency infrastructure, making it a prime location for businesses and developers to expand. Even further, this integration between…
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto Miners in Kazakhstan Left Without Power Bitcoin mining facilities in Kazakhstan were disconnected from the electricity supply on Monday, Jan. 24, and will remain shut down through Jan. 31, local media revealed. The restrictions have been imposed after the state-run grid operator, KEGOC, issued a blackout warning to 196 organizations across the country on…
Recently, I have come to know some terms through contacts with clients and other professionals. They include bitcoin, cryptocurrency, block chain technology and NFT (Non Fungible Tokens). I was already familiar with a related topic — digital assets — the subject of a Pennsylvania law passed in 2020 with the jaw breaking title, the Pennsylvania Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA). The simplest way to explain the popularity of these issues is to relate them to our increasing dependence on on-line technology and the avenues this dependence opens both to opportunity and abuse. To those outside the…
The top 1000 richest Ethereum wallets are gobbling up the popular memecoin Shiba Inu (SHIB) at an alarming rate. Those top Ethereum wallets purchased more than $88 million worth of SHIB over a 24-hour period, according to the whale-monitoring bot WhaleStats. One address, the 262nd-largest Ethereum wallet, purchased more than $34 million worth of Shiba Inu during that 24-hour period. Another whale, the 29th-largest Ethereum wallet, bought nearly $40 million worth of SHIB. Shiba Inu is trading at $0.000021 at time of writing, down 25% from where it was priced a week ago. The 14th-largest crypto asset by market cap…
VeChain receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is giving VeChain a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on VeChain! Trading Analysis VET’s risk gauge…
This Taiwanese Fintech is Building Dollar Liquidity Pipes with USDC, DAI and Tether CoinDesk This news is republished from another source. You can check the original article here
Due to the rise of Cryptocurrency adoption, people are now starting to look at how they can make extra money while holding their crypto. Of course, who does not want to generate passive income with their crypto holding? And, this is where Smart Harvest comes into play. It is the best dApp in the Polygon, Binance chain & Tron networks etc.. which gives a high return on any network deposits. With DeFi becoming the hot topic in the crypto space, people are finding attractive investment opportunities promising hefty returns. From crypto mining to yield farming, there is immense scope for…
Unique Tezos and Polkadot ETPs to feature staking rewards of 3.0% p.a. and 5.0% p.a. (respectively) and reduced management fees of 0.0% p.a. SAINT HELIER, Jersey, Jan. 26, 2022 /PRNewswire/ — CoinShares (“the Company”) (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), Europe’s largest digital asset investment firm with over US$4bn in AUM, today announced the launch of the world’s first physically-backed crypto exchange traded products (ETPs) designed to share the rewards of staking with investors. CoinShares Physical Staked Tezos and CoinShares Physical Staked Polkadot will be listed on Germany’s main market Xetra. The new ETPs leverage CoinShares’ technology…
The head of South Korea’s biggest cryptocurrency exchange has promised that its non-fungible tokens featuring K-pop stars BTS will be “eco-friendly” after a backlash from environmentally conscious young fans.Upbit launched its crypto art marketplace in November and plans to release a range of NFTs featuring members of BTS in a joint venture with the boy band’s management company, Hybe.But members of the band’s powerful young fan base have criticised NFTs and the crypto industry in general over the energy consumption involved in mining and tracking ownership of the tokens.Sirgoo Lee, chief executive of Upbit’s operator Dunamu, told the Financial Times…