Author: hotcrypto

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One might be tempted to think that China has dropped out of the crypto race, due to its stance against crypto transactions and more recently, NFTs. However, the country’s latest CBDC adoption stats suggest that crypto news junkies should probably think again before dismissing the East Asian giant. Beijing begins with a bang According to a report from the Beijing Youth Daily, CBDC pilot projects have resulted in transactions totaling over $1 billion. This was even before the official launch of the digital currency during the Beijing Winter Olympics next month, where many are expecting a high-impact global debut. A…

InvestorsObserver analysis gives Tether a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range. InvestorsObserver is giving Tether a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Tether! Trading Analysis USDT’s current risk score means it is…

LONDON, Jan. 15, 2022 /PRNewswire/ — StrikeX Technologies Ltd, one of the most exciting start-up companies from the United Kingdom is moving from strength to strength with a stream of recent developments keeping us on the edge of our seats.The latest of these announcements was earlier this week, when StrikeX Technologies Ltd made it public that they have brought on none other than Thomas ‘Papa’ Smith as the newest member of the StrikeX team. Thomas, also known as ‘The Wizard’ for his wealth of knowledge and experience with blockchain technology will be fulfilling the role of Blockchain Advisor and will now…

In a much-publicized tweet this past week, Vitalik Buterin voiced his opposition to the use of cross-chain solutions by Ethereum and other blockchains, in favor of a multi-chain future.My argument for why the future will be *multi-chain*, but it will not be *cross-chain*: there are fundamental limits to the security of bridges that hop across multiple “zones of sovereignty”. From https://t.co/3g1GUvuA3A: pic.twitter.com/tEYz8vb59b— vitalik.eth (@VitalikButerin) January 7, 2022For Buterin, cross-chain bridges are not ideal because they increase the security risks in the process of transferring assets. This tradeoff to security happens because the attack vectors of the assets are increased across…

So far, 10,000 digital wallets — tools that allow people to store their crypto assets — have been connected to the Quartz platform, even though Ubisoft minted just 3,000 NFTs in its first batch, Mr. Pouard said. That suggested an appetite for more NFTs in the future, he said.A Guide to CryptocurrencyCard 1 of 7A glossary. Cryptocurrencies have gone from a curiosity to a viable investment, making them almost impossible to ignore. If you are struggling with the terminology, let us help:Bitcoin. A Bitcoin is a digital token that can be sent electronically from one user to another, anywhere in the world.…

As the market grapples between conflicting forces, overall recovery seemed to be quite unrushed. Accordingly, Dogecoin continued its bearish trajectory while flashing mixed near-term signs. On the contrary, Binance Coin and IOTA defied market tendencies by constantly projecting a bullish influence. However, the overall directional trend for all these cryptos was weak. Binance Coin (BNB) Source: TradingView, BNB/USDT BNB is one of the few coins that persistently found higher lows since the past two months. Even during the slump phase, the coin managed to rise in an up-channel. After a monstrous 78.41% 39-day rally (from 24 September), the price rose…

This Altcoin – NOT Dogecoin or Shiba Inu – Jumped 1,344% in 2021 According to Arcane Research’s Summary of 2021 in Crypto report, (BNB) had a stellar year marked with a 1,344% gain. While and also ended the year in the black, their respective returns of 73% and 455% were anemic by comparison. All are currently ranked in the top four projects by market capitalization: Bitcoin (BTC), Ethereum (ETH), (USDT), and Binance Coin. It’s important to note that BNB is the native coin of the largest crypto trading exchange by volume in the world, Binance, and of the Binance Smart…

AlgoBlocks “the front page of DeFi” aiming to raise US$1.8 million from seed, private investor and public (IDO) investors since Q3 2021. It’s only getting started. As an all-in-one DeFi management platform, AlgoBlocks aims to simplify the process of interacting with multiple DeFi protocols across different blockchains. The team is led by the founder, Joseph Kim who has 13+ years of financial services experience and crypto experience in Asia. He previously worked at BC Group, and Citigroup. Alongside him are CTO Kareem Elshahawe from Societe Generale and Datum, and CMO TN Ko from Crypto.com, BTCC, and Facebook. AlgoBlocks is backed…

What could crypto leader Ethereum (CRYPTO:ETH) and consumer staple stalwart Procter & Gamble (NYSE:PG) possibly have in common? On the surface, nothing. But dig deeper and you’ll find they have a surprising number of similarities, despite being polar opposite investments. And each could be a great buy for 2022 and beyond. Image source: Getty Images. 1. Similar market caps As of the time of this writing, Ethereum has a market cap of $385.1 billion versus P&G’s $382.1 billion market cap. But just a couple of weeks ago, Ethereum was worth over $500 billion, and it topped $575 billion at its…