Author: hotcrypto

– Advertisement – It appears blockchain technology is advancing by the day, with Blockchain.com recently being approved to operate in the popular city of Dubai, United Arab Emirates. Blockchain.com is an exchange with its headquarters in London, they’ve recently signed the relevant contracts with Dubai’s Virtual Assets Regulatory Authority. Some of the crypto we may see highlighted in Dubai are VeChain (VET), XRP, and Big Eyes Coin (BIG), simply because these crypto are known for their potential. Big Eyes Coin (BIG) capitalizes on cuteness Cute things make us lose our minds, mainly because of brain activity and it has evolutionary…

Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain network’s transaction fees have been much lower than they were ten days before The Merge. Roughly four months ago on May 13, 2022, high-priority ether transactions could cost 68 gwei or $2.97 per transaction, and today at $0.18, a high-priority ether transaction is 93% cheaper. Ethereum Fees Remain Low Following The Merge The cost to transact on the Ethereum network is cheaper post-Merge, as etherscan.io’s gas tracker indicates a high priority transaction on September 17, 2022, is around 8 gwei or $0.18 per transfer. 12 days…

– Advertisement – With UST off-anchor and LUNA to zero, Terra pulled the digital asset industry down a gradient with its power, and the entire digital market of $700 billion market cap turned into air. As a triple-digit token with a market cap of over $10 billion, LUNA collapsed down to 0.0001 U. If it is said that there is no human factor, no one will believe it. It seems that stable tokens are not “stable” anymore. The New York Times says this is arguably the biggest panic since the bitcoin price plunged 80 percent in 2018. Critics say the…

Alternative asset management firm Valkyrie raised $73.6 million in capital to fund two of its crypto-focused trusts, according to an amended filing with the U.S. Securities and Exchange Commission (SEC).The new capital adds to Valkyrie’s $1.2 billion assets under management (AUM) at the end of the second quarter.Tron Trust and Avalanche Trust The Valkyrie Tron Trust(VTRX) invests exclusively in Tron’s native token, TRX, which is available to accredited investors and offers them exposure to staking options with an additional annualized 3.5 yield through staking.The fund has now secured a $50 million investment fund, according to an SEC filing on Sept. 15,…

Non-fungible tokens (NFTs) have many use cases in blockchain, both real and imagined, and a very new and controversial idea is that they would work well for identity on the blockchain. NFT properties work very well for ID cards, and creating an identity system to associate a blockchain wallet with a real-world person could unlock internet citizenship and financial services otherwise impossible. However, using NFTs to identify the owner of a crypto wallet is a highly controversial idea, and for a good reason. SCREENRANT VIDEO OF THE DAY Blockchain wallets are ‘pseudonymous,’ meaning they are only anonymous as long as…

– Advertisement – Marcus has slammed persistent arguments over Dogecoin Tip Jar allocation. Billy Marcus, the co-founder of Dogecoin, has blasted some enthusiasts of the project, who have continued to argue about the allocation of the DOGE Tip Jar.  His comments come after a member of the Dogecoin community slammed non-developers for always talking about the Tip Jar and believing that it is their right to have an opinion on the matter.  “Good morning rise n shine n build, except to the folks who keep talking about the tip jar who assume it’s their business and have contributed 0 code…

An under-the-radar decentralized finance (DeFi) blockchain project is surging 30% this week, defying the overall crypto market. Reef (REEF) – a layer-1, EVM-compatible blockchain for DeFi, non-fungible tokens (NFTs) and gaming – is trading at $0.005001 at time of writing, up from $0.003847 seven days ago. The 244th-ranked crypto asset by market cap is also up more than 5% in the past 24 hours. At the end of August, Binance.US listed REEF. A few days later, Reef dropped the “Reef Card,” a Mastercard crypto debit card, to customers in the United Kingdom and Europe, according to a press release. The…

Fantom, a DAG (Directed Acyclic Graph) smart contract platform that offers decentralized finance (DeFi) services to developers, recently announced a new partnership with Minimax Finance. According to Minimax, there is a number of benefits that the Fantom network can bring to its projects, such as great speed, security, and transparency that Minimax’s users are already benefitting from. However, this is only the beginning for the project, which seeks to expand even further and integrate even more blockchains.What is Minimax Finance?Minimax Finance is a decentralized protocol that aggregates yield opportunities from third-party DeFi apps, and so far, it has already integrated…

The widely followed veteran trader, Peter Brandt, is warning that Cardano (ADA) is exhibiting a bearish continuation pattern. Brandt tells his 675,600 Twitter followers that Cardano appears to be printing a descending triangle pattern, suggesting the possibility of a fresh leg down for ADA. The legendary trader, however, says his prediction doesn’t have to come to pass. “This is a fractal chart construction known as a descending triangle. If it continues in the fractal, ADA should have one more significant decline. ‘Should,’ not ‘must.’” Source: Peter Brandt/TwitterBrandt’s prediction is accompanied by a side-by-side comparison chart of Cardano and Bitcoin (BTC).…

Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, as the top miner raked in $79.53 per day in profits. Today’s top mining rig, with Ethereum out of the picture, accrues roughly $69.41 per day mining kadena. Today’s Top 7 Mineable PoW Algorithms Include Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256 According to…