Author: hotcrypto
According to a recent Financial Times article, the amount of crypto sent to addresses with known criminal associations shot to a record $14 billion in 2021, more than doubling from 2020. This is according to research from data company Chainalysis. Scams, ransomware and theft rose 79% in dollar terms last year. This is perhaps unsurprising when you look at our aggregator table below of the notable scams, hacks and thefts of 2021. The key takeaways from last year’s hacks and scams can be distilled down to the following: Hot wallets are hackable. Hackers stole the private keys from hot wallets…
Dogecoin (DOGE), Ever Grow (EGC), and Safemoon (SFM)- Crypto That Could Explode in 2022 by Analytics Insight January 20, 2022 Cryptocurrency is currently one of the most trending and profitable investments globally. It has grown and transformed from just being an obscure digital asset into a diverse and widespread digital asset. Some new cryptocurrencies are cheaper and abundant currently in the crypto world and have always shown positive signs of attaining an all-time high value. A perfect example of a cryptocurrency that has grown and achieved an all-time high value is one of the crypto giants, Bitcoin.In 2021, Bitcoin’s price…
Cryptocurrency With the first public companies and legendary investors publicly stating their support for Bitcoin, 2021 will go down as the year of mass adoption and the beginning of institutional interest in crypto. After an already crazy year for crypto in 2020, the market continued to soar and, more importantly, network adoption followed suit. An estimated 400m people are in crypto today and many predictions are circulating around when we will see 1bn people actively using crypto. Binance CEO Changpeng Zhao believes that will happen this year while other forecasts, as seen below, project a more conservative goal of 2024.…
Solana-based augmented reality and NFT platform Dropp GG is developing geographical-based NFT minting and “mixed reality events” tied to the Metaverse.The firm was founded in early 2021 and is progressively rolling out several initiatives over this year including partnered NFT drops, geo-minting events, virtual land plots with AR support, and a metaverse platform that maps to the physical world. Dropp recently closed an $8 million funding round that was backed by top crypto and NFT firms such as Animoca Brands, Alameda Research DeFiance Capital and Three Arrows Capital. The funding will go towards IP accumulation, partnerships and metaverse/AR tech development.…
The IOTA network is moving forwards with the development of its multi-asset ecosystem. The foundation will soon launch a staging network – the Shimmer network – to test its new staking feature for IOTA tokens. Interestingly, other tokens minted on the blockchain will be sent to stakers – not IOTA itself. Staking IOTA IOTA announced its new staking test net in a blog post earlier this week. The staking feature is designed to foster fair token distribution for new digital assets. It capitalizes on the token distribution process, which has already taken place for IOTA itself, which the company deems…
The global crypto market cap crashed by a massive 5.45 per cent over the last 24 hours, while the trading volume decreased by 11.23 per cent at $66.73 billion. All major cryptocurrencies except a few altcoins were trading with deep losses at 8.31 am, coinmarketcap data showed. Meanwhile, Elizaveta Danilova, Director of the Bank of Russia’s Financial Stability Department, said in a recent web press conference that Russia should ban all crypto-related activities. But she also stressed that the Bank of Russia is not asking for a ban on private holding of cryptocurrencies by citizens, but wanted a new law…
Chinese authorities have arrested eight people behind an alleged decentralized finance (DeFi) rug pull. The authorities from Chizhou arrested the suspects from several provinces in China and seized a million dollars in cash and other luxurious items allegedly bought using the proceeds from the rug pull. The Chinese government has already banned digital currencies, but according to reports, DeFi scammers are still finding ways of targeting local investors. For investors in one sketchy unnamed DeFi protocol, it ended with them losing millions of dollars after the developers took off with their money. A report by Nikkei Asia reveals that police in Chizhou, a…
Chainlink: Nothing But Upside Seeking AlphaChainlink Jumps While Bitcoin Stages Recovery CoinDeskWhy Chainlink Skyrocketed 33% Higher This Week Motley FoolChainlink price eyes 35% gains as LINK flips crucial support level FXStreetChainlink Eyes Possible Bull Run Crypto BriefingView Full Coverage on Google News This news is republished from another source. You can check the original article here
Coin Price Predictions: After struggling for weeks, Ethereum and Solana are set to rebound while Cardano which has already begun a bath of recovery may perform even better. Coin Price Prediction: Solana Stabilises After Steep Fall Solana has seen a steep fall in past couple of months thanks to the loss harvesting by traders during the fag end of the year. It made a recent high of $ 259 on 6th November and since then it has tested a low of $130 on 10th January. Since then it is trying to stabilise over the past week, hovering between $157 and…
Since late last year, there’s been plenty of news on Robinhood and its crypto plans. At the end of December, news had hit the wires of Robinhood launching a beta version of its wallet in 2022. Robinhood had reportedly first announced testing its digital wallet feature back in September. The expansion into the crypto space was set to start with enabling the deposit and withdrawals of Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Amidst increasing crypto regulatory scrutiny, Robinhood aims to take the battle to crypto exchanges. According to Statista, Robinhood has seen its number of users surge from just…