Author: hotcrypto
While the latest market crash shed off over $400 billion in just two days, VeChain, Tezos, and EOS hit their multi-month lows on 22 January. Over the past few hours, these cryptos have recovered somewhat from their long-term supports. However, to propel sustained recovery, the bulls still need more volumes and money inflows. VeChain (VET) Source: TradingView, VET/USDT While the $0.08 resistance stood as a tough hurdle, VET oscillated in a down-channel (yellow). Following the same, the broader sell-off led to a further breakdown. The alt lost 41.23% of its value (from 20 January) and hit its 46-week low on…
What are altcoins?The word “altcoin” is derived from “alternative” and “coin.” Altcoins refer to all alternatives to Bitcoin. Altcoins are cryptocurrencies that share characteristics with Bitcoin (BTC). For example, Bitcoin and altcoins have a similar basic framework. Altcoins also function like peer-to-peer (P2P) systems and share code, much like Bitcoin.Of course, there are also marked differences between Bitcoin and altcoins. One such difference is the consensus mechanism used by these altcoins to validate transactions or produce blocks. While Bitcoin uses the proof-of-work (PoW) consensus mechanism, altcoins typically use proof-of-stake (PoS). There are different altcoin categories, and they can best be…
Digital out of home (DOOH) ad platform TPS Engage now accepts cryptocurrency as a form of payment, the company told Campaign US. Co-founders Radu Bogdan Savonea and Matei Psatta decided to allow advertisers to pay with two different cryptocurrencies, Bitcoin and eGold, after realizing that many of its new clients include crypto and NFT startups. The company will accept crypto payments at 300,000 locations in 40 countries. The initiative aligns with TPS Engage’s mission to remove barriers around buying OOH ads programmatically. Earlier this year, TPS Engage gained traction with the crypto community after placing a viral ad in Times Square that responded to the…
Web3 tokens are those that will be used to power decentralised apps (DApps). Web3 tokens are built on platforms like Ethereum, but usually have their own platforms associated with them. The top web3 tokens are those that are meant to bridge today’s web2 solutions with tomorrow’s DApps. The term “web3” may have originated less than a decade ago, but its implications are far reaching. While the first generation of the internet (web1) was driven by singular websites, the second generation (web2) saw the rise of platforms — like Facebook or Instagram — the third generation (web3) will be driven by…
FLOKI or Genesis NFT holders will require a small investment to receive limited edition NFTs when FLOKI smart contracts are upgraded. Floki Inu has announced the launch of #Floki Gemstone NFTs. The NFTs grant holders “VIP access” and unique benefits. The NFTs need to be earned, meaning they cannot be purchased. There are three NFTs: the Aurum Gemstone of Truth, the Diamond Mind Gemstone, and the Ruby Heart Gemstone. How Do I Earn Gemstone NFTs? By buying 1 ETH or 7 BNB worth of FLOKI tokens within 24 hours of the contract being tradable and holding the tokens for at…
For well over a century, no asset class has more consistently built wealth for investors than stocks. But in recent years, stock gains haven’t been able to hold a candle to the jaw-dropping increases witnessed in the cryptocurrency space. For example, the benchmark S&P 500 jumped by a little more than 100% between its March 2020 low and the end of 2021. Comparatively, the aggregate value of all cryptocurrencies skyrocketed from $141 billion to $2.2 trillion over the same time frame (a more than 14-fold increase). Despite these enormous gains, cryptocurrency projects that offer competitive advantages, differentiation, and real-world appeal…
Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following question to over 1,000 Benzinga visitors on cryptocurrency trading and investing: Which will happen first, Bitcoin (CRYPTO: BTC) at $100,000 or Dogecoin (CRYPTO: DOGE) at $1? Here are the full results from this week’s survey: Bitcoin will reach $100,000 first: 45.7% Dogecoin will reach $1 first: 54.3% Is Bitcoin at $100,000 Possible or Impossible? As the price of Bitcoin fluctuates, many people wonder — will…
DeSpace Protocol a revolutionary new platform is all set to take the NFT & DeFi mid-day.com This news is republished from another source. You can check the original article here
Source: Adobe/agnormark Questions ranged from whether Bitcoin (BTC) could potentially transition to a proof-of-stake (PoS) consensus mechanism, to whether crypto mining can be considered “wasteful,” as lawmakers in the US House of Representatives discussed the energy impact of crypto mining during a hearing on Thursday.Among the issues discussed, and where witnesses disagreed with each other, was the issue of whether proof-of-work (PoW) as a consensus mechanism for blockchains can be considered wasteful.According to Cornell Tech Professor and Chainlink Labs (Chainlink is using PoS) Chief Scientist Ari Juels, proof-of-work blockchains are an “unnecessary” use of energy, given that proof-of-stake exists as “a…
The crypto mining sector is an extremely volatile one. For Fool.com contributors Chris MacDonald and Jon Quast, this sector is one that could prove to be one of the more interesting spaces to dive into. Here’s their discussion, taken from the Jan. 12 edition of “The Crypto Show” on Backstage Pass. Jon Quast: Let’s move on to another problem here. We’re talking about problems, cryptocurrency mining. Kazakhstan has become the No. 2 cryptocurrency mining country, particularly for Bitcoin (CRYPTO:BTC). I don’t know if that’s true writ large, but for the Bitcoin hash rate, the No. 2 country in the world as far as…