Author: hotcrypto
Though the crypto craze shows no signs of slowing, retail-trading platform Robinhood Markets Inc. isn’t willing to put significant amounts of corporate cash into crypto assets in the near future, Fox Business reports. Robinhood’s Chief Financial Officer Jason Warnick spoke on the matter at The Wall Street Journal’s virtual CFO Network Summit on Wednesday, saying, “There aren’t compelling reasons strategically for our business to put any meaningful amount of our corporate cash into cryptocurrencies.”Warnick’s stance is similar to that of other finance chiefs, including Twitter Inc. CFO Ned Segal; they share concerns about the volatility and limitations that come with such assets. But…
The beginning of the year has been unpleasant for crypto investors. Bitcoin (CCC:BTC-USD) and altcoins have witnessed a meaningful correction. Very predictably, meme coins like Shiba Inu (CCC:SHIB-USD) have not been spared. Source: Shutterstock Shiba Inu was already in a downtrend after making highs in October 2021. With the recent correction, Shiba Inu is down more than 60% from all-time highs. There might be a case for some relief rally after a sharp correction. However, over the next few quarters, I remain bearish on Shiba Inu. Investors can still consider some speculative position. But, in my view, it might be…
Why do crypto traders “buy the rumor, sell the news”?Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while an article in Cointelegraph can reach hundreds of thousands of crypto enthusiasts in seconds. While insiders are quietly amassing tokens on rumors, the rest of us are completely ignorant of what may be coming.But, with rumors, there are no guarantees. This can lead to disappointment and serious loss of investment for those traders who gamble that they’re true and end up wrong.So, how can you possibly compete with thousands of other market participants when important news actually…
Cryptocurrencies are supposed to protect their holders against fiat money debasement. That’s one of the central tenets of the bull case for Ethereum (CCC:ETH-USD), Bitcoin (CCC:BTC-USD) and other leading cryptos. Source: shutterstock In a way, crypto is supposed to be precious metals of the 21st century. Gold and silver have long served as defense against hyperinflation across human history. Be it ancient Rome, or modern Venezuela and North Korea, gold has served as a reasonable hedge against failing currencies. Bitcoin, with its premise that only 21 million would ever be created, has the same sort of deflationary ethos. In a world of reckless…
Utah is already becoming a hub for cryptocurrency and Web3 enthusiasts, and in 2022, the city will transform into Cryptopia, “a modern Renaissance the likes of which the world has never seen.” For two weeks, once in May and once in October, along with a pop-up event in January, Salt Lake City will play host to Cryptopia, a festival that founders are hailing as “a village of Web3 enthusiasts from around the world.” The first event will be on Jan. 19, a pop-up event, beginning with several Utah crypto leaders speaking at different panels. Safemoon CEO John Karony and Giddy…
Cryptocurrencies have been under pressure since the start of 2022 as investors question the valuation of risky assets. But even as cryptocurrencies fall, the underlying development taking place in the crypto industry continues. I think the cryptocurrencies focusing on real utility will ultimately be the most valuable. And there are some great utilities being built today on Solana (CRYPTO:SOL), Ethereum (CRYPTO:ETH), and Polkadot (CRYPTO:DOT). Let’s take a quick look at each of them. Image source: Getty Images. The home to innovation and gamers Solana was one of the best-performing cryptocurrencies in 2021, and I think that will continue in 2022.…
Non-Fungible Tokens (NFTs) have been in the news headlines, even so far as becoming Collins Dictionary’s ‘word of the year’. While there is huge hype surrounding NFTs, there are a lot of misconceptions regarding their value propositions. Skeptics often push a narrative that NFTs are either a scam, a tool for money laundering, holds no value, or all of the above. And for those who have opened their minds, the space can still be both confusing and intimidating. CoinGecko, the leading independent cryptocurrency data aggregator, has released its latest book, “How to NFT,” which provides a comprehensive overview for those…
The Zilliqa price is having a good day. ZIL, its native token, is trading at $0.068, which is about 22% above the lowest level this week. Its total market capitalization has jumped to about $944 million, making it the 118th biggest cryptocurrency in the world. ZIL bounces back Zilliqa is one of the pioneering blockchain platforms in globally. It is credited for being one of the first projects to advocate for the now-popular sharding technology. Sharding is a technology that seeks to improve the throughput speed of a blockchain project by breaking down blocks into smaller pieces. These pieces are…
Dogecoin (CRYPTO: DOGE) shot up 12.6% to $0.17 over 24 hours leading up to early Thursday morning. What’s Moving? The meme cryptocurrency has risen 9.6% over a seven-day trailing period. Against larger cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE traded 9.9% and 8.8% higher, respectively, over 24 hours. DOGE has risen 7.8% over a 30-day window, while it has fallen 26.45% in the last 90 days. Since 2022 began, DOGE has declined 0.44%. It touched an all-time high of $0.74 in May 2021. See Also: How To Buy Dogecoin (DOGE) Why Is It Moving? DOGE’s rise came in…
Key Takeaways Dopex is a decentralized options exchange that uses option pools to let anyone buy or sell options in a capital efficient and simplified manner. Its flagship product is Single Staking Option Vaults, which provide deep liquidity for option buyers and automated, passive income for option sellers. Dopex’s options contracts are ERC-20 tokens, meaning they’re liquid, transferable, and composable. Share this article Dopex, which stands for “decentralized options exchange,” is a DeFi protocol that seeks to maximize liquidity and maximize returns for option buyers and sellers. A Quick Primer on OptionsDopex is a decentralized options exchange that uses option pools…