Author: hotcrypto
The number of crypto investors in Ireland has decreased slightly in the past year, or so it appears according to recent data from Finder.com. The report revealed that cryptocurrency adoption in the island nation has dropped by approximately 16.6% within the last year. Of the surveyed adult Irish internet users, 10% own cryptocurrency, as opposed to 12% in 2021.Finder’s crypto specialist James Edwards commented that such a small decrease is actually a positive shock given the state of the bear market. “We saw huge drops in the price of Bitcoin at the start of May and June and while we did…
LB will mitigate the impermanent loss suffered Impermanent loss has been seen as one of DeFi’s greatest weaknessesDeFi protocol allows users to trade, farm, lend etcAvalanche based decentralized finance (DeFi) convention Trader Joe claims it might have figured out how to alleviate perhaps of DeFi’s greatest shortcoming — fleeting misfortune. In a recently delivered white paper on Tuesday called the JOE v2 Liquidity Book, wrote by Quant designers and specialists Adam Sturges, TraderWaWa, Hanzo and programmer Louis MeMyself, the engineers framed the utilization of Liquidity Book (LB) with an extra factor charge trade component to give merchants zero or low slippage…
Bitcoin Analysis Bitcoin’s price led the macro crypto market lower during Wednesday’s daily session and when traders settled-up at session close, BTC was -$150.3. We’re starting Thursday’s price analyses with the king of the industry and the BTC/USD 1W chart below from gran1t. BTC’s price is trading between the 0 fibonacci level [$17,792.0] and 0.618 [$26,770.9], at the time of writing. Bullish traders were rejected numerous times this month at the $25k level and they’ll need to close above that level on the weekly time frame and then above the 0.618 to signal that bullish traders are still pressing higher.…
Alex Dovbnya “Shark Tank” star Mark Cuban remains extremely bullish on Ethereum in the long term “Shark Tank” star Mark Cuban recently told Fortune that he remains “super bullish” on Ethereum, the second-largest cryptocurrency by market capitalization.The merge upgrade, which is expected to take place in less than a month from now, will dramatically cut Ethereum’s energy consumption by a factor of 1,000. Cuban views this as an “important” factor that could strengthen Ethereum’s bull case. Still, the billionaire refrained from making any concrete price predictions since he doesn’t know how the price of the cryptocurrency will react to the…
Ethereum (ETH), the second most-valued cryptocurrency after Bitcoin (BTC), is steadily approaching the $1,700 mark as of Thursday morning. Bitcoin, on the other hand, managed to see a minor gain and appears stable within the $21,000 range for now. Other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC) registered minor gains across the board. Among lesser-known altcoins, the Ankr (ANKR) token emerged to be the biggest gainer in the last 24 hours. At the time of writing, the global crypto market cap stood at $1.03 trillion as per CoinMarketCap data, registering a 24-hour gain of…
Digital Banking Customers will be able to spend crypto in more than 90m stores across Argentina.Image source: Mastercard.Shoppers in Argentina could soon be paying for their weekly grocery shop in crypto thanks to a collaboration between Mastercard and Binance. In just a few weeks, the “Binance Card” will be able to be used in more than 90 million stores where Mastercard is accepted, both in-store and online. It will allow payment in cryptocurrencies such as Bitcoin and BNB (Binance Coin), with cryptocurrencies converted to fiat currency in real-time at the point of purchase. Mastercard’s CEO Michael Miebach shared the news…
The two largest coins traded higher on Wednesday evening as the global cryptocurrency market cap fell 0.4% to $1 trillion.Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD 0.4% -8.4% $21,477.66 Ethereum ETH/USD 1.7% -9.6% $1,668.36 Dogecoin DOGE/USD 0.6% -15.7% $0.07 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Decred (DCR) +11.8% $32.27 Ankr (ANKR) +8.7% $0.04 Cosmos (ATOM) +7.2% $13 See Also: Best USDC Interest RatesWhy It Matters: Bitcoin and Ethereum traded in the green at press time. Stocks traded flat with the S&P 500 and Nasdaq futures down nearly 0.1% each.The rebound…
Today’s cryptocurrency prices: Check Bitcoin, Ethereum, Solana, XRP rates Aug 25, 2022, 11:15 am 3 min read Ethereum’s value has decreased by 8.6% since last week Bitcoin has risen by 1% over the last 24 hours to trade at $21,538.2. It is down 7.8% from last week. Ethereum, the second most popular token, is up 3.2% from yesterday and is currently trading at $1,676.32. It is down 8.6% compared to last week. Bitcoin and Ethereum have market capitalizations of $411.97 billion and $201.43 billion, respectively. How have other popular cryptocurrencies moved today? BNB is trading at $296.95, which is 0.3%…
Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting prosecutors. Irkutsk Crypto Miners Pay 100 Million Rubles in Fines in 2022 Cryptocurrency mining has become a profitable business for many companies in Russia’s energy-rich regions, and an alternative income source for ordinary Russians. Despite the generally low rates of electricity for commercial purposes, many have been tempted to mint digital coins on cheaper household power or even stolen energy. Authorities in…
Litecoin [LTC] investors are still uncertain about their fate especially after starting their week on a low, courtesy of last week’s bearish performance. This is despite a bit of recovery but LTC’s short-term fate is still up in the air. Litecoin’s pullback of last week triggered a retest of its ascending support line. The latter is part of the cryptocurrency’s price channel for the last eight weeks. It has already retested the same support multiple times in the past, but this time it is showing signs of weakness. Source: TradingView LTC managed to push below the support line at the…