Author: hotcrypto

To shield retail investors from potential risks, the Monetary Authority of Singapore (MAS) on Monday released guidelines that limit cryptocurrency trading service providers from promoting their services to the general public.  The new guidelines clarify that companies should not engage in marketing or advertising of digital payment token (DPT) services in public areas in Singapore or through the engagement of third parties, such as social media influencers, to encourage DPT services to the general public. The price of Bitcoin was down by 0.36 per cent and was trading at $42,820.53 at 5:00 pm, while its dominance in the crypto market…

Ethereum and Bitcoin were lower at the start of the week, though some crypto-watchers are anticipating the market may turn soon  Ethereum was down more than 1% in Monday morning’s trade, halting the blip of positivity seen at the tail end of last week.  At US$3.266 Eth was down 1.3%, whilst Bitcoin was also seen slightly on the back foot down 0.12% at US$42,832.  Some crypto-watchers fancy the trend may soon change.  Staying above US$40,000 last week was potentially a turning point, according to Naeem Aslam, analyst at Avatrade, who noted that the maintenance of that key level last week…

Silicon Valley home hits the market, accepting offers in cryptocurrency On Wednesday, a condo at 2000 Rock Street in Mountain View, listed for $999,999, hit the market, and the seller is entertaining cryptocurrency offers in addition to cash and loan offers. KTVU’s Emma Goss reports. MOUNTAIN VIEW, Calif. – In Mountain View, a 2-bedroom, 1-bathroom fully renovated condo went on the market this week, and immediately caught the neighborhood’s attention. The condo at 2000 Rock Street, listed for $999,999, hit the market on Wednesday, and the seller is entertaining cryptocurrency offers in addition to cash and loan offers. Cryptocurrency is…

Billionaire tech executive Michael Saylor has called bitcoin “the seminal invention of the human race.” His website describes it as “a bank in cyberspace” offering a “simple, & secure savings account to billions of people.” He recently claimed ownership of 17,732 bitcoin worth about $740 million.But one thing Saylor cannot do with bitcoin is pay for the $18 shrimp cocktail at Tony and Joe’s Seafood Place several floors below his penthouse apartment on Washington’s Georgetown waterfront. Though Tony and Joe’s has an ATM that can convert cash into bitcoin, the restaurant won’t accept it.“I would take Monopoly money before I…

UniCC, the biggest dark web marketplace for stolen credit and debit cards, has announced that it’s shuttering its operations after earning $358 million in purchases since 2013 using cryptocurrencies such as Bitcoin, Litecoin, Ether, and Dash. “Don’t build any conspiracy theories about us leaving,” the anonymous operators of UniCC said in a farewell posted on dark web carding forums, according to blockchain analytics firm Elliptic. “It is [a] weighted decision, we are not young and our health do[es] not allow [us] to work like this any longer.” The UniCC team also gave its users 10 days to spend their balances,…

Shiba Inu Coin Burn Goes On: 134M SHIB Removed Shiba Inu continues reducing the supply of SHIB tokens. The prominent meme coin removed another 134 million SHIBs out of circulation within the past 24 hours. As stated by Shibburn, there have been a total of 134,519,822 SHIB tokens burned via 17 transactions. The latest transaction processed 100M SHIB tokens. Shibburn is the dedicated burn project, made exclusively for the community. It automatically reports SHIB token burns whenever they happen. In the past 24 hours, there have been a total of 134,519,822 $SHIB tokens burned and 17 transactions. So far, a…

VeChain (VET) gets a neutral rating from InvestorsObserver Monday. The coin is down 2.54% to $0.07632642362 while the broader crypto market is down 1.34%. VeChain has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on VeChain! Neutral Over the last five days, VeChain has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of VeChain over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term…

Cryptocurrencies are crumbling and the rout has sent investors in a bitcoin fund that had a stellar debut not long ago, looking for cover. The ProShares Bitcoin Strategy ETF (BITO) has shed over 35 percent in less than three months since its launch in October last year.The fund was, in fact, among the 10 worst performers in terms of returns over two months since its public listing, Bloomberg Intelligence data analysed by Athanasios Psarofagis showed at the end of last week.Worries over the rapid spread of the Omicron variant of COVID-19, higher inflation, and expectations of multiple interest rate hikes…

Meme coins have had a big impact on the way cryptocurrency is talked about by the general public. As of mid-December 2021, the value of all meme coins together is over $45 billion. A meme coin called Dogecoin (DOGE) has a market value of more than $20 billion, which is almost half of all meme coins. In terms of value, DOGE is the king of the meme coins. It is hovering around the top ten most valuable cryptocurrencies. SHIB is in second place in the market cap rankings for meme coins, one place behind DOGE. SHIB has grown by more…

VanEck’s crypto range has widened to ten products VanEck has launched three crypto exchange-traded notes (ETNs) offering exposure to algorand, FTX and terra cryptocurrencies. The VanEck Algorand (VALG), VanEck FTX ETN (VFTX) and VanEck Terra ETN (VLUN) are listed on Boerse Stuttgart. The ETPs track indices for their respective digital assets provided by MVIS, VanEck’s in-house indexing arm. Algorand was founded in 2017 with a consensus algorithm based on a proof-of-stake blockchain and Byzantine agreement protocol. Its platform supports smart contracts and its native cryptocurrency, ALGO. VFTX will be the world’s first exchange-traded product to track the FTX token, the…