Author: hotcrypto

Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said one crypto ATM operator. Crypto ATMs Shut Down in Singapore to Comply With the Central Bank’s Guidelines Cryptocurrency ATMs are closing down in Singapore to comply with new regulations published Monday by the central bank, the Monetary Authority of Singapore (MAS). Singapore’s biggest cryptocurrency ATM operator, Daenerys & Co., told Bloomberg Tuesday…

“First Mover,” CoinDesk TV’s flagship show, gives investors the top global market, business and regulatory news stories impacting digital assets. Hosted by CoinDesk’s Christine Lee, Lawrence Lewitinn and Emily Parker, “First Mover” features daily dispatches from CoinDesk reporters and partners around the world and high-profile guests including top newsmakers, influencers, analysts, traders and trend watchers at crypto exchanges. This news is republished from another source. You can check the original article here

Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Digital Money has declined 3.81% to $136.59. InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market.The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. LTC’s low volatility reading is paired…

It’s well known that the S&P 500 increases roughly 10% per year on average over the long term. Investing early and then regularly adding savings can help build lasting wealth. Cryptocurrencies, on the other hand, have created millionaires in extremely short order. Bitcoin and Ethereum are the two most popular and developed cryptocurrencies, but there are many smaller ones that have generated life-changing returns.  Shiba Inu (CRYPTO:SHIB) is one such token. If you were bold enough to invest $100 in SHIB coin at its founding in August 2020, your position would be worth a jaw-dropping $5.9 million today. That’s not a bad return for…

VeChain (VET) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 1.68% to $0.07220187124. InvestorsObserver is giving VeChain a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on VeChain! Low Volatility InvestorsObserver gives VeChain a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.The Volatility Gauge takes into account meaning that one day won’t make or break its rank. VET’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin…

What is USDT?USDT is a blockchain-based cryptocurrency whose crypto coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the Dollar, the Euro, or the Japanese Yen, which are held in a designated bank account. It was specifically designed to bridge the gap between fiat currencies and cryptocurrencies and offer stability, transparency, and minimal transaction charges to users. It is pegged against the U.S. dollar and maintains a 1:1 ratio with the U.S. dollar in terms of value Why is USDT useful?Tether is useful for crypto investors because it offers a way to avoid the extreme…

Baby Doge Coin has been gaining in popularity over the past days amidst an increasingly bullish outlook. The daily price movement reveals that the cryptocurrency has been on a steady uptrend during the past twenty-four hours. The price reached a steady-state consolidating period after the uptrend. At the time of writing, the cryptocurrency stands at a price level of $0.000000005689. The price has increased by 12% during the day while the monthly performance indicates a staggering rise of 315%. On the other hand, the daily trading volume of the cryptocurrency has fallen by 45%.   What is Baby Doge Coin? …

MEXC Pioneer is partnering with Darwinia Network to launch The Crab Hackathon, aiming to encourage developers to contribute ideas and early-stage projects related to Web3 Tools, DeFi, Metaverse, and NFTs to the Crab ecosystem. The $100,000 prize pool will be allocated based on the votes of the judging panel. The Crab Hackathon is looking for projects including but not limited to: Web3 Tools: Wallets, multi-sig tools, DAOs, etc. DeFi: DEX(Decentralized Exchange), Price Oracles, Lending protocols, Stable coin, etc. Metaverse: Play-to-earn blockchain games, NFT gaming item management tools, etc. NFT: NFT marketplaces, NFT staking projects, etc. MEXC Pioneer is a platform…

LOS ANGELES, Jan. 19, 2022 (GLOBE NEWSWIRE) — Silly Sloths is tapping into the world of block chain technology with fantastical NFT (non-fungible token) designs that help save Sloths in the real world. Silly Sloths is bringing forth the union of digital currency and digital art through a community driven approach. Each NFT is a unique addition of the Silly Sloth family, a digital art collection harboring a wide variety of out-of-the box characters.They are building a diverse community of like-minded individuals, celebrating the emerging opportunities of cryptocurrency and revolutionary creative collaboration.  Each Silly Sloth NFT is hand drawn by…

As has become a common theme in recent years, cryptocurrencies were practically unstoppable in 2021. The aggregate value of all digital currencies ended the year around $2.2 trillion, marking a near-tripling in 12 months. The reason investors are so excited about cryptocurrencies is the potential utility of the blockchain technology that underlies them. The financial application of blockchain could revolutionize the way money is sent from Point A to B. Meanwhile, nonfinancial uses could impact everything from paper trails to supply chains. But in order for blockchain to become mainstream in a financial and/or nonfinancial sense, it has to be…