Author: hotcrypto
When Bitcoin was launched in 2009, it raised eyebrows and evoked a sense of confused curiosity. Digital currency, cryptocurrency and other buzzwords started doing the rounds of the internet. Ever since, the way people look at assets and investments has been changing. The phenomenal success of Bitcoin paved the way for many other types of cryptocurrencies. These came to be known as altcoins. Derived from two words, ‘Alt’ means ‘alternative’ and ‘coin’ denotes ‘cryptocurrencies’. Here’s all that you need to know about altcoins What are altcoins? To put it simply, all cryptocurrencies other than Bitcoin are termed altcoins. They were…
Crypto intelligence firm Santiment says that significant price spikes could be coming for seven different altcoins based on under-the-radar data. Santiment says that an excessive number of short-sellers are piling into altcoins, raising the probability of an incoming short squeeze. A short squeeze occurs when a large number of traders try to short an asset, and then get hit by an unexpected price bump which triggers a cascade in liquidations and a price rise thereafter. The analytics firm says that excessive shorts, plus negative funding rates on exchanges are threatening the bears when it comes to Binance Coin (BNB), Axie…
On Wednesday, the crypto economy of 12,620 coins across 543 exchanges is hovering just above the $2 trillion mark. Ever since the crypto economy’s market slump, bitcoin’s market dominance among all the coins in existence has slowly risen from 37% zone back over the 38% range. Meanwhile, Ethereum’s market dominance has diminished as it has slid from 18.6% to 17.7% since January 6. Bitcoin and Ethereum Dominance Shifts, Top Stablecoin and Smart Contract Tokens Command More Than 44% of the $2 Trillion Crypto Economy Bitcoin’s (BTC) market dominance has increased while ethereum’s (ETH) crypto-economy dominance has decreased over the last…
In a press release yesterday, the federal agency stated that crypto kiosks, or cryptocurrency ATMs, played a major role in the increasing crimes. The United States GAO (Government Accountability Office) blames crypto kiosks for increasing drug trafficking and human trafficking. Their reason, however, was that cryptocurrency ATMs aren’t as restricted as crypto exchanges, making their transactions harder to track. The GAO projects that it can be more difficult to curtail illegal transactions as crypto kiosks are becoming more and more popular in the U.S. and worldwide. Related Reading | Altcoins Are Encroaching On Bitcoin’s Dominance On Digital Payments To salvage these…
The Federal Reserve is casting a shadow over cryptocurrencies.Like stocks, cryptocurrencies have extended a selloff to start the year because of expectations that the central bank will raise interest rates as early as March. Bitcoin, the largest cryptocurrency, is down 8.7% year to date, according to CoinDesk, and the second-largest, ether, is down 14%. That has spilled over to publicly traded crypto companies. Coinbase Global Inc. COIN -1.13% is down 12% so far this year. Marathon Digital Holdings Inc. MARA -4.68% is down 21%. Riot Blockchain Inc. RIOT -6.47% is down 16%. MicroStrategy Inc., MSTR -1.68% which makes business software…
Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Litecoin LTCUSD seeing the biggest move, falling 3.07% to $138.07. Six additional currencies posted drops Wednesday. Bitcoin Cash BCHUSD fell 2.37% to $373.93, and Cardano ADAUSD declined 2.07% to $1.44. Uniswap UNIUSD fell 2.07% to $15.81, while Polkadot DOTUSD shed 1.77% to $24.74. Ripple XRPUSD dropped 1.37% to 75 cents. Ethereum ETHUSD, which posted the smallest decrease, sank 0.33% to $3,153.90 On the other hand, two cryptos posted increases, with Bitcoin BTCUSD seeing the largest rise at 0.37% to $42,557.94. Dogecoin DOGEUSD climbed 0.08% to 17 cents.…
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets cling to the idea of a bullish breakout Bitcoin price is slowing down as it sticks close to a crucial support level with no volatility in sight. Ethereum and Ripple are following the big crypto’s lead and consolidating, showing no directional bias whatsoever. Shiba Inu price has a good chance to surge to $0.000040 A brief technical and on-chain analysis on Shiba Inu price. FXStreet’s analysts evaluate why SHIB could advance further. Please, subscribe to our YouTube channel and follow us on Twitter @FXScrypto. XRP Price Prediction: Ripple can dip to…
Stably, a United States venture-backed stablecoin and asset tokenization infrastructure provider, announced it has secured an undisclosed amount of funding in a recent pre-Series A equity financing round led by Morgan Creek Capital, Jackson Fu from Cream and Sunny Lu from VeChain. Other investors included Hard Yaka, Bloccelerate, B21 Capital, Lou Kerner from Blockchain Coinvestors, David Choi from Taureon Capital, Beenext and Pay It Forward. The fresh round of funding will enable Stably’s 20-plus member team to pursue several key strategic initiatives in 2022, one of which is rapidly tripling its engineering team’s size to further improve Stably’s stablecoin-as-a-service offerings. Another…
It wasn’t too long ago that social media platforms were posting all kinds of wild upside price targets for cryptocurrencies. Then the Federal Reserve happened — along with several other headwinds including the ongoing coronavirus pandemic — and the sector lost its mojo. After some reassurances that the negativity was already baked into the sector’s market capitalization, cryptos dropped some more. Therefore, the hack or glitch or whatever went on with Coinmarketcap.com in the morning hours of Dec. 14 may be the zeitgeist of the virtual currency sector reflecting itself in tangible form. We want the total market cap of…
In this article, we’ll go over the SafeOHM project and the SOHM token. What is SafeOHM (SOHM)? What is the SafeOHM token? What is the SOHM token? What exactly is SOHM? SafeOHM (SOHM) is a decentralized reserve money mechanism that is built around the SOHM token. Each SOHM token is backed by a basket of assets (for example, BNB) in the SOHM treasury, providing it with an intrinsic value that cannot be depreciated. Through staking and bonding, SOHM also introduces novel economic and game-theoretic dynamics into the market. SOHM is a cross of SafeMoon and OHM, a decentralized financial reserve…