Author: hotcrypto
Harmony enjoyed much of its hype in the past month with the rise of DeFi Kingdom, an integrated game, exchange, and non-fungible token (NFT) project that’s locked over $740 million worth of its native token, JEWEL, and other assets since its launch. This news is republished from another source. You can check the original article here
The richest Ethereum whales across the globe are gobbling up two surging altcoins at a rapid rate as most of the crypto market continues to sputter. WhaleStats reports that in the past week the top 1000-largest Ethereum addresses have purchased Polygon (MATIC) and Chainlink (LINK) more than any other crypto assets after Ethereum (ETH) and the stablecoins USD Coin (USDC) and Tether (USDT). Polygon is a blockchain scaling solution designed to enable the widescale adoption of decentralized apps on the Ethereum blockchain. Its native token, MATIC, is currently trading at $2.33, up more than 17% from where it was priced…
The prices of almost all major cryptocurrencies are trading in the green on Wednesday, thereby uplifting crypto investors’ sentiments ahead of the US Federal Reserve announcement on interest rates. The global crypto market cap is up by 2.48 per cent at $2.01 trillion but its trading volume is down by 13.82 per cent at $88.34 billion, according to Coinmarketcap data. This low volume might be an indication that investors are reluctant to sell their holdings at the current price and are expecting the prices to move up further. Meanwhile, the world’s largest crypto exchange by volume, Binance has become an…
Jack Dorsey. Source: a video screenshot The Twitter founder, Bitcoin (BTC) bull and Block (formerly Square) chief Jack Dorsey has taken aim at those taking legal potshots at Bitcoin developers – including the likes of Craig “Faketoshi” Wright.Dorsey, along with Alex Morcos of Chaincode Labs / the co-founder of Hudson River Trading and another individual named Martin White, penned an open letter to developers, noting that the “community” is “currently the subject of multi-front litigation.”The trio remarked that “continued threats are having their intended effect” as “individual defendants have chosen to capitulate in the absence of legal support.”Although the letter made…
(It may help to read our explainer pieces on Ethereum and blockchain consensus systems first to get a better understanding of Binance Smart Chain and how it works.)Ethereum, which allows financial transactions as well as experiments with code and the development of decentralised applications (DApps), has remained the most popular smart contract-enabled blockchain.However, it has historically suffered from slow transaction speeds and high gas fees (transaction fees) due to network congestion.In April 2020, Binance Smart Chain (BSC) was introduced by the crypto exchange Binance to enable DApp development with larger capacity, faster speeds, and lower latency compared to Ethereum. BSC…
The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales, Nansen researcher Martin Lee recently published a report on how Ronin, Axie Infinity’s sidechain, has seen exponential growth. Researcher Takes a Deep Dive Into Axie Infinity’s Ronin Network Axie Infinity, the Ethereum-based blockchain game developed by Sky Mavis has seen a significant amount of NFT sales surpassing every NFT compilation released to date. Out of 1.44 million buyers across…
CRYPTO investors saw Bitcoin and Shiba Inu recover some ground on Tuesday as a new “utility NFT” offers domain security for those with Ethereum and Polygon coin in their cryptocurrency wallets. Bitcoin was up by 1.06% by the end of the day, putting the coin’s value at $42,541 after its massive crash in early 2022. Over the last seven days, Shiba Inu has also struggled, but a 2.60% increase Tuesday put the coin back at $0.00002750, according to CoinBase. A new startup, Unstoppable Domains, will offer single sign-on service using NFT domains for Etherum and Polygon. CoinDesk reports that the…
It’s time for the Btrust to start making moves. And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. Btrust’s purpose is to “make bitcoin the internet’s currency” and their field of action is Africa and India. Hello World 👋 We’ve been working hard on getting ₿trust set up. To start out, we’ve broken up our to-do list into a set of high level goals. Each of these tasks require careful thought. We’ll…
Cryptocurrency prices today gained with Bitcoin trading above the $42,000 level after hovering below the mark in the past few sessions. The world’s most popular and largest cryptocurrency by market value rose around 1% at $42,614. Bitcoin price is down nearly 8% since the start of the new year. Meanwhile, the global crypto market capitalization surged over 2% to $2.12 trillion, as per CoinGecko. “Bitcoin prices surged to $43,000 levels in the last few hours. On the hourly time frame, BTC can be seen breaking out of the triangle pattern. However, Bitcoin and other Altcoins could remain bearish if the…
Shiba Inu (SHIB), Low Volatility but Rising Tuesday: Is it Time to Cash Out? InvestorsObserver This news is republished from another source. You can check the original article here