Author: hotcrypto
Back in September, Reese Witherspoon dipped her toes into the cryptocurrency waters by purchasing her first etherium coin and letting Twitter know that she was now entering the theoretically lucrative world of non-fungible tokens, better known as NFTs. Since then, Witherspoon’s crypto-evangelicizing was contained to an occasional retweet here and there. Nothing too crazy, and basically just your run-of-the-mill social media endorsement. And then December happened. In the lead-up to the holidays, Witherspoon started tweeting way more heavily about crypto. Not quite Elon Musk-levels, but the Legally Blonde star was definitely making a concerted push for those sweet imaginary coins.…
The cost to purchase one Bitcoin (BTC) has dropped almost 10% in the last seven days and has been eyeing extended declines as it drops below $40,000, its interim psychological support, on Jan. 10.BTC/USD weekly price chart. Source: TradingViewNonetheless, the losses suffered by Bitcoin still appear less than that of some of its top crypto rivals’ performances. For instance, Cardano (ADA), the seventh-largest cryptocurrency by market valuation, has dropped by nearly 11% to around $1.15 in the last seven days.Similarly, Ripple (XRP), the eighth-largest by market capitalization, has dipped by around 10% to nearly $0.75 in the same period.Meanwhile, some…
What happened Many of the most-watched cryptocurrencies are seeing interest rebound today, as investors continue to digest macro data and adjust their portfolios according to the aggregate risk profile the market is comfortable with. Top tokens Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) appreciated 1.8% and 3.5%, respectively, over the past 24 hours as of 11 a.m. ET. These moves generally aligned with the overall crypto market, which surged 3% higher over this same time frame. These moves also correlated with the price action we’ve seen in recent days, which shows Bitcoin as a lower-beta play relative to the overall market on up days and…
Decentralized finance, better known as DeFi, may not be “decentralized” enough as attackers exploited centralized weak points to drain users of billions of dollars in 2021, according to research from blockchain security firm CertiK. In a new report on the state of DeFi security in 2021, CertiK researchers said “centralization issues were the most common attack vector” within decentralized finance. The blockchain security firm cited 44 DeFi hacks totaling $1.3 billion in lost funds in 2021. That’s an increase of over $500 million compared with 2021. “This underscores the importance of decentralization and highlights the fact that many projects still have work…
The Associated Press (AP) has dived deeper into the non-fungible token (NFT) frenzy with the launch of a proprietary marketplace. AP unveiled this news through a press release on January 10, noting that the platform would list its NFTs. Reportedly, the marketplace is set to launch on January 31. According to the news release, AP contracted blockchain technology provider Xooa to develop the platform, which runs on Polygon, an Ethereum sidechain scaling solution. Explaining why it chose to build its marketplace on Polygon, AP said it is environmentally friendly. At launch, the marketplace will list a wide range of photos,…
Cardano (ADA), 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
Dogecoin showed promising reversal signs as it crossed the $0.182-mark depicting a strong bullish influence. Avalanche saw a setback below the 23.6% Fibonacci level but managed to form a bullish divergence on its 4-hour chart. On the other hand, Bitcoin cash reclaimed the $446 near-term support but did not display a powerful directional trend. Dogecoin (DOGE) TradingView, DOGE/USD Over the past day, DOGE bulls tested the $0.1826-mark twice after crossing the 23.6% Fibonacci resistance. The bulls seemingly gained thrust as the alt noted an 18.3% five-day gain (from 20 December low). This upturn marked an up-channel (yellow) on its 4-hour…
Former Indian cricketer and explosive batsman Virender Sehwag has joined the non-fungible token (NFT) bandwagon. He has signed up with NFT platform Rario — the world’s first officially licensed cricket digital collectibles platform that enables fans to buy and trade NFTs not only of cricketers but also international leagues. “Virupanti in the Rario Cricket Metaverse. I am excited to announce that I have entered into an exclusive partnership with @rariohq. Tell me about your favourite Viru Moment. #SehwagWithRario, ” Sehwag tweeted. The global crypto market capitalisation of cryptocurrencies crossed $1.95 trillion and was down by 0.01 per cent over the…
Ethereum or Ether is the world’s second-largest virtual currency by market capitalization. It facilitates operations with the help of the Ethereum blockchain. Investors’ interest surrounding the cryptocurrency helped Ethereum soar 418% in 2021. Meanwhile, the meme stock frenzy took the world by storm in 2021. The famous Reddit forum WallStreetBets’ (WSB) picks AMC Entertainment Holdings, Inc. (AMC) and GameStop Corp. (GME) witnessed a short squeeze as their prices skyrocketed. The rise in their prices perfectly fit the Redditors’ motto of “to the moon.” The two meme stocks were the darlings of retail investors as they soared more than 650% in…
DMint, a Wholly Owned Subsidiary Dedicated to Cryptocurrency Mining, Building Out Second Data Center Facility to be Powered from the Local Power GridNEW YORK, January 11, 2022–(BUSINESS WIRE)–The OLB Group, Inc. (“OLB,” “we,” “us,” “our,” or the “Company”), a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise, has announced the company has signed a long term lease on a 10,000 square foot mining operation with capacity for up to 2,000 Antminer S19j PRO machines. Located in an industrial park adjacent to the Bradford Regional Airport in Bradford, Pennsylvania to eliminate potential noise complaints, the facility is in…