Author: hotcrypto

Jaime Rogozinski founder WallStreet Bets Jaime Rogozinski If you recall, during the first months of 2021, traders from the Reddit forum r/wallstreetbets set off a trend in which retail traders bought so-called “dead stocks” including AMC and GME. In a coordinated move, this grassroots movement of almost 11 million became a worldwide phenomenon by crippling hedge funds by shorting, in particular, GameStop GME . Since then, the hype surrounding the Wallstreetbets group may have seemingly faded. However, behind the scenes, the group has launched a new decentralized finance project named wsbdapp.com. What’s it all about? In short, the app allows…

What could knock Shiba Inu (CRYPTO:SHIB) and Dogecoin (CRYPTO:DOGE) off their lofty perches? There are a number of threats, of course. I’d rank a prolonged shift to a “risk-off” market as the most likely factor to cause the digital coins to continue sinking. It’s also quite possible that some of the rising stars of the cryptocurrency world could gain momentum at the expense of Shiba Inu and Dogecoin. For example, Chainlink and Internet Computer racked up gains recently while nearly every other cryptocurrency fell. But the most worrisome risks are the ones that come as a surprise. Here’s a huge threat to Shiba…

New Delhi: Crypto prices remained sluggish on Wednesday as Fed’s hawkish stance and economic woes continued to spook crypto investors. Barring Bitcoin, Terra and Solana, all other seven out of top-10 digital tokens were trading lower during the early trade. Cardano dropped 6 per cent, thanks to the profit booking in the counter. Bitcoin was holding above the $42,000 mark although Ethereum slipped below $3,200 levels. The global crypto market cap dropped about a per cent lower to $2 trillion compared to the last day. The total crypto market volumes were flat, almost unchanged at $77.46 billion. As Bitcoin heads…

AMC shareholders gifted free NFTThe AMC movie theater chain dropped NFTs to all AMC shareholders on Tuesday.As part of the reward, AMC CEO Adam Aron tweeted that the NFT and a WAX wallet in which to hold it will be free to claim for up to a year. Emails detailing how to claim your AMC Investor Connect “I Own AMC” NFT will be sent next week on Jan 18, to all in the U.S. and globally who enrolled by 12/31/21. The NFT and a WAX wallet for up to a year are free to you. TY to our passionate shareholders.…

Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) — bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin.Beginning this week, users have the ability to swap DOGE or earn yields on their DOGE holdings using THORSwap, a non-custodial decentralized exchange. In practice, this means users can swap DOGE for native assets such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Litecoin (LTC) and stablecoins such as Tether (USDT), USD Coin (USDC) and Binance USD (BUSD). All swaps between THORChain assets, including DOGE, can be completed in one step without the need to bridge, wrap…

New Delhi: Crypto prices continued to slide on Thursday, following sluggish macroeconomic conditions, rise in oil prices and tapering cues from the Federal Reserve. Rising inflation and slump in the technology market added to the woes. Bitcoin once again slipped below the $42,000 mark but Ethereum was able to hold $3,200 levels. The trading volumes remained light during early trade as the market witnessed a sharp churn due to the changing economic environment. Barring Terra and dollar-pegged stablecoins, all other seven out of top-10 digital tokens were trading lower during the early trade on Thursday. Cardano posted double digit cuts.…

One of Indonesia’s — and the world’s — largest Islamic organizations has declared cryptocurrency as haram, or forbidden for Muslims. Muhammadiyah on Tuesday published a fresh fatwa (religious edict) forbidding the use of crypto as an investment tool or as a transactional tool. “Their speculative nature is haram according to sharia,” the fatwa reads, as published on Muhammadiyah’s official website. In November 2021, the Indonesian Ulema Council (MUI), the highest clerical body in the country, issued a fatwa declaring crypto haram as a transactional tool. But the council noted that if cryptocurrency as a commodity or digital asset can abide…

Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data analytics firm Chainalysis. The top crypto scam sites alone were visited 4.6 million times by Indian users. Millions of Indians Visit Crypto Scam Sites Indians visited scam crypto websites in droves over the past years, according to data from blockchain analytics firm Chainalysis. The firm found that Indians visited cryptocurrency scam websites 9.6 million times last year. In 2020, the figure was much higher. Crypto scam websites were visited 17.8 million times by Indian users. The top cryptocurrency scam websites visited the most by Indians…

Hackers have continued to exploit a critical vulnerability in the cross-chain router protocol (CRP) Multichain that first appeared on Jan 17.Earlier this week, Multichain urged users to revoke approvals for six tokens to protect their assets from being exploited by malicious individuals. However Multichain’s announcement on Jan. 17 encouraged more hackers to try the exploit. One stole $1.43 million, another offered to return 80% while keeping the rest as a tip. According to Tal Be’ery, the co-founder of the ZenGo wallet, the stolen amount has now risen to $3 million. The @MultichainOrg hack is far from being over.Over the last…

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