Author: hotcrypto
Post Views: 97News of Kim Kardashian getting sued for promoting the infamous pump-and-dump scheme, EthereumMax, has been spreading like wildfire. No doubt, this is another knock to the crypto sector as investors are once again reminded of some of the market’s grim realities. With investing in crypto rising in popularity, greater opportunities have also risen for scammers as well. Likewise, these kinds of scandals can ruin the reputation of genuine altcoins emerging to the scene, as investors grow wary of new projects.As altcoin competition grows fiercer, there is more pressure to offer new and improved opportunities for generating passive income.…
This week, we take a closer look at Ethereum, Solana, Cardano, Ripple, and Polkadot. Ethereum (ETH) As expected, this past week, ETH has finally found support, seemingly putting a stop to the downtrend that started in November. The price managed to hold well above the $3,000 support level but is yet to recover in full, registering a 4.6% loss in the past seven days. Should the current relief rally continue, then ETH has a good chance to retest the key resistance at $3,600, which will likely put up a strong fight. The current price action shows that traders have taken…
When Beeple’s digital artwork, ‘Everydays: the First 5000 Days’ sold for $69.3 million in March last year, it put a sharp focus on the growing world of ‘non-fungible tokens’ or NFTs. It also put the spotlight on its buyer MetaKovan, whose identity was revealed later. But for MetaKovan, whose real name is Vignesh Sundaresan, investing in an NFT or blockchain is nothing new. The India-born and now Singapore-based “cryptocurrency king”, as he is known, has been an early investor in the NFT space. In a conversation with indianexpress.com over a video call, MetaKovan outlined his thoughts on the metaverse, NFTs,…
On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement, phase 2A aims to advance European Blockchain Services Infrastructure, or EBSI, in five areas:It will investigate the feasibility of sharding as to exponentially scale the Iota network on EBSI.Develop an approval weight consensus mechanism that will be highly flexible and allow both permissionless and permissioned use cases.Ensure any Iota-based solution for cross-border transfers abides by EBSI…
Tesla CEO Elon Musk tweeted today that they have started accepting Dogecoin (DOGE) for merchandise payments. Previously, on December 14, he mentioned in a tweet that they might start accepting payments for merchandise purchases via DOGE crypto token. Earlier, Tesla even accepted Bitcoin for a shorter duration for selling cars. However, customers won’t be able to buy electronic vehicles using Dogecoin as of now. Tesla will make some merch buyable with Doge & see how it goes — Elon Musk (@elonmusk) December 14, 2021 Musk has been very vocal about the uses of the DOGE blockchain and has tweeted about…
Singapore, Singapore–(Newsfile Corp. – January 14, 2022) – Friktion Labs, the development organization building Friktion – a Solana-based options and structured product protocol, has concluded a $5.5 million capital raise. Investors of the round include Jump Crypto, DeFiance Capital, Pillar VC, Libertus Capital, Delphi Ventures, Sino Global Capital, Tribe Capital, Castle Island Ventures, Dialectic, Petrock Capital, Solana Ventures, and other angels.Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7987/110119_4995d0c8a4930a1d_001full.jpgFriktion has also brought on board its platform, a group of industry-leading derivatives traders and market makers in Genesis Trading, Alameda Research, LedgerPrime, QCP Capital, CMS Holdings, Orthogonal Trading, and GSR.…
Chainlink price is facing difficulties moving above a significant resistance zone on the weekly chart. Failure to close above this resistance on the weekly chart could trigger a strong resumption of falling prices. Chainlink price behavior and the overall trend for the remainder of January will likely be decided this Friday. Axie Infinity price stalls against the daily Tenkan-Sen, generating a new lower swing high and setting up AXS for another push south. Axie Infinity price had a nice 22% bounce from the Monday lows, but sellers came in at the Tenkan-Sen and thus prevented AXS from moving above…
New Delhi: After a brief pause, the downtrend in crypto market resumed with Bitcoin erasing the gains of previous day. Altcoins, as always, followed the numero uno token. The latest slide in the US tech stocks weighed on the sentiments of traders. The fears of a rate hike again spooked the market while some big international events further added to the woes. Barring the dollar pegged USD Coin and Polkadot, all other eight out of top-10 digital tokens were trading lower during early trade on Friday. Cardano tanked over 5 percent. Bitcoin and Ethereum led the way southwards. The global…
As the bears deny any bullish retrieval attempt, Polkadot dipped below its multi-month resistance level and poked its five-month low on 15 December. Further, Bitcoin Cash formed a reversal pattern as it continued its slump. Avalanche displayed a solid recovery over the past few days but formed a reversal pattern too on its 4-hour chart. Polkadot (DOT) TradingView, DOT/USDT DOT witnessed a bearish flag breakout on 11 December and moved between the parallel lines heading south (green). This fall was the third major pullback since striking its ATH, which pushed the price below the 15-week resistance at the $26.12-mark. Now,…
The global crypto market failed to hold the upward momentum it maintained for two straight days. Coinmarketcap data at 8.29 am showed that the global crypto market cap was down by 1.9 per cent at $2.03 trillion. However, trading volume increased by 1.88 per cent at $101.80 billion, which might indicate that some crypto traders are booking their short-term profits. The Swiss National Bank announced in a press release on Thursday that it has successfully concluded the experiment on CBDC (central bank digital currency) transactions which were conducted at the end of Q4 2021 between them and five other banks.…