Author: hotcrypto

Eoneren/iStock via Getty Images Thesis Summary Cardano (ADA-USD) has been outperforming the crypto market significantly in the last week. This can be attributed to some recent developments, which are increasing ADA’s utility and proving to the crypto world that ADA is a force to be reckoned with. 2022 will be a busy year for Cardano, and I believe it could be the year that makes investors consider ADA as a real threat to Ethereum (ETH-USD). Right now, the risk/reward ratio is attractive, given that ADA is catching up to Ethereum and is trading well below its ATH. Recent Price Action…

BCH House Venezuela, an adoption organization, has published its first documentary on social media, where it shows the way in which Venezuelans are using cryptocurrency as a means of exchange. Roberto García, the founder of this initiative, shows us the level of adoption the BCH House initiative has reached in Barquisimeto — a city in the west of the country — and how merchants are embracing cryptocurrencies. BCH House Venezuela Showcases On-Site Adoption BCH House Venezuela, a BCH adoption organization, has released its first documentary, where it shows the advances of the organization in promoting the use of bitcoin cash…

Bitcoin After multiple failures above $43,500, Bitcoin price started a fresh decline. There was a clear break below the $43,000 and $42,000 support levels. It is sliding steadily and seems like the price could decline towards the $41,250 level. The next major support sits near the $40,400 level, below which there is a risk of a larger decline. If there is a fresh recovery, the price could face resistance near the $42,000 level. The main breakout zone is now forming near the $42,400 level and a connecting bearish trend line on the hourly chart. Ether (ETH) Ether also failed to…

OpenSea.Rafael Henrique/SOPA Images/LightRocket via Getty ImagesOpenSea is acquiring ethereum wallet-maker Dharma Labs as part of a 2022 expansion push. The largest marketplace for non-fungible tokens said it’s aiming to significantly add to its team this year. “We believe this union will be a force multiplier for NFTs and web3 adoption,” the company said.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell. OpenSea, the largest marketplace for non-fungible tokens, is acquiring ethereum wallet-maker Dharma Labs to help it build on a landmark 2021.In a Tuesday blog post, OpenSea said it’s in “build mode” after the market…

After a rough start to the year, the price of bitcoin is about flat in the last seven days. The largest cryptocurrency by market value is currently trading at $41,671, according to Coin Metrics.Ether, the second-largest, is up about 2% in the same time frame. It’s now priced at $3,113.Other top coins had a better week. Cardano, Terra and Dogecoin, for example, jumped over the last seven days, Coin Gecko data shows.Along with price movement, here are six important things that happened in the crypto space last week.1. Kim Kardashian and Floyd Mayweather sued by investors over alleged crypto scamIn…

Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion. Animoca Brands Raises $358 Million in Financing Led by Liberty City Ventures, Blockchain Company Has Pre-Money Valuation of $5 Billion The firm Animoca Brands is a global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology. On Tuesday, the company announced that the firm has…

Cryptocurrency is all the rage today, but in 2022 there’s a big debate surrounding two of the most popular Shiba Inu and Dogecoin. Both are based on internet meme dogs so their popularity skyrocketed, and even Elon Musk tweeted at some point that Dogecoin would be the currency on the Moon.But, before you throw your life savings into a “meme coin,” make sure you know what you’re buying. Learn more about the difference between Dogecoin and Shiba Inu below.DogecoinDogecoin is essentially the same technology as Bitcoin. Both Dogecoin and Bitcoin use a proof-of-work consensus protocol to verify transactions on their…

While the bulls still could not alter the broader outlook, the global crypto market cap kept slackening. Consequently, Ethereum and Shiba Inu’s RSI saw confirmed double-top after a sharp plunge below their supports. However, Ethereum’s CMF bullishly diverged with its price. Shiba Inu also saw an oversold position, but its OBV seemed hopeful for the investors/traders.  Ether (ETH) Source: TradingView, ETH/USD The bearish rally finally seemed to stall after the alt bounced back from its long-term support at the $3,000-level. After poking its 15-week low on 10 January, the king alt grew by nearly 17% but saw a pullback from…

Pros Explained Low trading fees: Maker/taker fees on Binance.US range from 0% to .1%, and instant buy fees are .50%. This platform’s fees are very low compared to the competition. Educational resources available: Those interested in learning about crypto and blockchain can access Binance Academy, which offers educational videos and articles for traders of all experience levels.Trading fee discounts available: Users who hold Binance Coin (BNB) can get a 25% trading fee discount. Cons Explained Lengthy identity verification process: You can’t buy, sell, or trade on Binance.US until your identity is verified, and the verification process can take several days.Partner company…

As reported on BNN Bloomberg, PayPal is approaching the launch of its stablecoin. This, as the company is reported to be developing the technology to deliver more payment options for its platform. Launch of PayPal Stablecoin According to Bloomberg, this is all coming to light after developer Steve Moser discovered something about PayPal Coin in the iOS app for PayPal. After this discovery, Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal, said,” We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators,”…