Author: hotcrypto

The beginning of the year can be a fantastic opportunity to make adjustments to your portfolio and add new investments to the mix. If you’ve been on the fence about whether to invest in cryptocurrency, right now might be your best chance to buy. Crypto prices have been steadily dropping over the past couple of months, creating an opportunity to buy at a discount. Choosing the right cryptocurrency is critical, though. Only the strongest investments will be able to weather severe volatility, and some cryptocurrencies may not be able to recover from downturns. There’s one crypto, however, that I’ll be…

Introduction – Evolution of a Cryptocurrency Token: What Is a Blockchain Fork? In 2017, the Bitcoin network underwent two hard forks. The first hard fork occurred in August 2017 and resulted in the creation of Bitcoin Cash (BCH). The second hard fork occurred in October 2017 and resulted in the creation of Bitcoin Gold (BTG). As a result of the two hard forks, Bitcoin owners received Bitcoin Cash units and Bitcoin Gold units that equalled the number of Bitcoin units that they owned at the time of the respective fork. Likewise, in 2016, after users exploited a security flaw in…

What happened The three top-ranked cryptocurrencies (excluding stablecoins) in terms of market capitalization are Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Binance Coin (CRYPTO:BNB). When these three tokens are on the move, particularly in the same direction, the entire market tends to follow. Today, they’re all seeing double-digit declines over the past 24 hours, down 10.2%, 12.6%, and 10.1%, respectively, as of 11:30 a.m. ET.  The entire crypto market is under siege, mainly from macro drivers such as rising U.S. Treasury yields. Anticipation that additional interest rate hikes are on the horizon is driving down valuations across most risk assets. Recently, higher correlation between cryptocurrencies and…

Just how easy is it to get rid of nearly $7 billion worth of a cryptocurrency that you don’t want? Probably a lot harder than you might think, according to Ethereum co-founder Vitalik Buterin. During a visit to the UpOnly Podcast yesterday, Buterin discussed several topics throughout the course of an almost two-hour interview with hosts Cobie and Ledger, including the time that Buterin dumped $6.7 billion (at one point worth much more than that) in SHIB tokens. Shiba Inu, or SHIB, is a Dogecoin-inspired, Ethereum-based meme token that surged in value over the last year. At one point last…

Union Bank of the Philippines plans to offer trading and custodial services for cryptocurrencies to capitalize on fast adoption of digital tokens in the Asian nation. The average Filipino investor will likely hold 3% to 5% of their personal assets in digital assets like Bitcoin in five years assuming markets are “stable,” up from around 1% to 2% now, said Cathy Casas, head of the bank’s blockchain and application programing interface group. Many crypto investors are young people, some of whom earn tokens from play-to-earn virtual games, she said. “It’s a way to future-proof our banking business,” Casas said in…

Bitdefender, a cybersecurity and antivirus company, has detected BHUNT, a new kind of malware that targets cryptocurrency wallets via software installs. The malware works on top of installs of unsecured or cracked software, that already comes packaged with the system to be deployed on desktop environments. Once installed, the software extracts passphrases and seeds from popular wallets. BHUNT Malware Spotted in the Wild Bitdefender, a leading cybersecurity firm, has issued a report regarding a new kind of password stealer that focuses on cryptocurrency wallets users have on their PCs. BHUNT, as this new malware is called, enters computers through infected…

Litecoin (LTC) gets a bearish rating from InvestorsObserver Friday. The coin is down 10.29% to $123.77 while the broader crypto market is down 8.04%. Litecoin has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bearish Over the last five days, Litecoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Litecoin over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term…

The global crypto market cap has crashed by 8.49 per cent at $1.71 trillion, according to Coinmarketcap data, in what appears to be 2022’s biggest single-day loss till now. All major cryptocurrencies were trading with heavy losses. The crypto trading volume jumped by 87.59 per cent at $126.15 billion, which suggests the enactment of liquidation protocol by exchanges might have already started. The Tarjih Council and the Central Executive Tajdid of Muhammadiyah, an Indonesian Islamic Organisation, have issued a fatwa (decree) against trading and using cryptocurrencies like Bitcoin and others by local citizens saying that is against the Sharia law.…

As the bearish streak continually prevailed, bulls struggled to uphold the value perception of their cryptos. Consequently, altcoins like Litecoin, Ethereum Classic, and VeChain touched their monthly lows over the past two days. The near-term technical indications reflected the bearish trajectory as they showed the existence of superior selling power.  Litecoin (LTC) TradingView, LTC/USDT Pursuing the market trend, LTC rallied in up-channel (parallel, white) throughout October and early November. This rally propelled the price action to breach the up-channel and touch its 25-week high on 10 November. Since then, LTC bulls have struggled to turn the tide in their favor.…

If you’ve been watching a lot of TV lately, you might have seen an ad featuring Matt Damon, clad in all black, striding through a hall of CGI mountain climbers, explorers, a Wright brother, and some astronauts. He is telling you to be brave, commit, take a risk. A risk on cryptocurrency. The ad prompted a wave of social media mockery, but Damon is not the lone A-list celebrity hawking cryptocurrency. So have Spike Lee, Tom Brady, Alec Baldwin, and Neil Patrick Harris, among others. Why are all these famous people, who presumably don’t lend their image to just any…