Author: hotcrypto

What happened  A massive sell-off on Friday in the cryptocurrency market accelerated after the stock market closed on Wall Street. The selling seems to be feeding on itself, causing panic across the market.  Altcoins are down big today with some trading more than 30% lower, but the drops in giants like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are staggering. As of 5:45 p.m. ET, Bitcoin is down 10.8% in the last 24 hours and 5.4% in just the last hour and a half to $35,724. Ethereum is down 16.8% in the last day and 6.9% in the last 90 minutes to…

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What to KnowEvan Jaime Hernandez conspired with drug dealers to distribute narcotics over one of the world’s largest darknet marketplaces, court documents say.Hernandez sold about 2 pounds of methamphetamine for $5,000 to an individual whom he thought was a money launderer, but who was working with federal law enforcement at the time, officials said in a news release.Hernandez conducted four Bitcoin-to-cash exchanges totaling about $171,300, officials said. A former professional skateboarder from Long Beach was sentenced this week to just over eight years in federal prison for selling methamphetamine and laundering Bitcoin, prosecutors said. Evan Jaime Hernandez, 35, pleaded guilty…

Online brokerage firm Robinhood has opened its eagerly awaited crypto wallet to 1,000 customers, bringing cryptocurrency investing another step closer to the mainstream. Announced in September, the equities trading platform — an early entrant in offering bitcoin, ether, and several other altcoins to the general public — on Friday (Jan. 21) opened a beta test of its wallet to the first 1,000 customers. Assuming all goes well, the test will expand to 10,000 in March, and then roll out to the rest of the 1.6 million customers on it WenWallets waiting list, Robinhood said in a blog post. From one…

Shiba Inu coin price drops again in cryptocurrency crash – what Shiba Inu coin is and why it’s down today (Image credit: Canva Pro)Shiba Inu coin’s price fell with cryptocurrencies across the board on Friday (January 21) after the price of Bitcoin crashed below its recent $40,000 threshold to a six month low of $38,000 in value. The price of Shiba Inu coin was trading down by 12% as of 6.30pm UK time today and was down by 23.69% on the past month, when it was fluctuating at around $0.000038. Shiba Inu has repeatedly broken new record highs in the…

A widely-followed crypto analyst foresees impending bounces for top cryptos Bitcoin (BTC) and Ethereum (ETH) while highlighting support levels for two popular altcoins. In a recent YouTube update, crypto trader Justin Bennett tells his 8,470 subscribers that a substantial Bitcoin bounce could be on the horizon. “I would expect, at some point over the coming weeks, at least a 20-30% bounce from BTC.” With Bitcoin currently trading for $43,122, a 20-30% upswing would mean that Bennett expects BTC to reach somewhere between $50,000-$56,000 in the coming weeks. Looking at leading smart contract platform Ethereum, Bennett points out that $3,000 has held…

An altcoin that rewards consumers for interacting with their favorite brands is soaring after a surprise listing by top US crypto exchange Coinbase. Coinbase says in a tweet that Shping Coin (SHPING) will start trading on Coinbase Pro once appropriate liquidity conditions are met. SHPING is an Ethereum token that powers the Shping App, which allows shoppers to earn rewards by comparing prices, scanning barcodes, watching videos, and writing product reviews. News of the Coinbase listing sent SHPING on a massive rally from $0.015 to $0.068 in just a few hours, a staggering 353% increase. Shping Coin then sharply corrected…

On a day that has seen the greater cryptocurrency market lose more than $500 billion in value, there remain some shining stars. One such diamond in the rough is the recently launched Shibnobi (CCC:SHINJA-USD). Indeed, the SHINJA crypto is up more than 20% today on a number of promising announcements from the token. Source: Shutterstock What’s going on with this latest pupcoin? The official Shibnobi Twitter has been buzzing with activity lately, which likely reflects its market movement. This morning, @Shib_nobi tweeted disclosing an Open-Floor Q&A session it recently held with SHINJA owners and fans. #SHINJA AMA RECAP 20JAN 2022!…

Among the insanity of today’s price action in the crypto world, Polkadot (CCC:DOT-USD) is drawing attention. Investors appear to be looking for answers and seeking out Polkadot price predictions as this coin plunges more than 12%. Source: shutterstock.com/nurionstd One of the more interesting crypto projects, Polkadot provides an intriguing solution to a big problem. The Ethereum (CCC:ETH-USD) network is the biggest, and generally perceived to be the best, place for developers to build applications on the blockchain. However, given Ethereum’s size and the congestion on the network, speeds are relatively slow and costs are high. Polkadot provides a unique parachain structure to allow…

An Upcoming NFT Project With Eyes On The NFT Landscape Crypto Alien Society (“CAS”) is an upcoming NFT project with a series of 8,888 pixel aliens. CAS NFTs are non gender-specific, and have the traits of both what would be considered male and female characters. With over 120 character traits such as body color, background color, eyewear, accessories, etc., each alien NFT is unique and has its own rarity score depending on the combination of the traits. Currently the project boasts a public Discord ahead of the minting date and invites the reader to join. Source: https://twitter.com/AlienzNFT/status/1468301735592669187/ The Story Behind…