Author: hotcrypto
The debate about crypto and its potential impact on climate change has intensified. Several companies and government officials around the world have expressed concern about this topic which could gain more traction in 2022. Related Reading | Elon Musk Doubles Down On Bitcoin Energy Concerns The non-profit organization that supports the famous internet browser Mozilla joined the group of entities worried about the crypto environmental impact. Via their official Twitter handle, the company announced that it will no longer accept cryptocurrency donations. Mozilla said: Last week, we tweeted a reminder that Mozilla accepts cryptocurrency donations. This led to an important…
What happened Top cryptocurrencies Binance Coin (CRYPTO:BNB), Polkadot (CRYPTO:DOT), and The Sandbox (CRYPTO:SAND) each saw significant declines today. As of 3:15 p.m. ET, the tokens had dipped 5.7%, 6.3%, and 3.6%, respectively. The tokens each dipped to their lowest level in a week today, as continued selling pressure in the crypto world drove most major tokens lower. Investors are continuing to price macro headwinds into cryptocurrencies today, with this week’s unveiling of the Fed meeting minutes providing a negative outlook for risk assets amid expected interest rate increases and a faster-than-expected unwinding of the Fed’s balance sheet. Image source: Getty Images. So what Macroeconomic…
Ethereum is down $209.88 today or 6.13% to $3216.50 –Lowest 5 p.m. level since Sept. 30, 2021, when it traded at $2972.80 –Down four of the past five days –Down three consecutive days, down 15.94% over this period –Worst three day stretch since the three days ending Sept. 21, 2021, when it fell 18.64% –Down 12.78% month-to-date –Down 12.78% year-to-date –Down 32.99% from its all-time high of $4800.00 on Nov. 9, 2021 (based on 5 p.m. levels) –Up 170.15% from 52 weeks ago (Jan. 8, 2021), when it traded at $1190.64 –Down 32.99% from its 52-week high of $4800.00 on…
GREENVILLE, N.C. (WNCT) – The debate on bringing a crypto plant to the area continues and at the center of this is the city and some residents. Since 2021, the Greenville ENC Alliance has been working on a modular data processing project. The $55 million investment would be coming from a Minnesota company, Compute North. “It sets us up to be able to recruit other technical companies to come into Greenville that offer higher-paying jobs, higher-skilled jobs to be able to increase the income base and tax base here in our community,” said Unconda Dunn, vice president of Business Development…
When China’s bitcoin crackdown came into effect, many speculated that the industry would never recover. Amazingly, though, the ban served to highlight both the resilience of the sector and the entrepreneurial spirit of the miners who keep the wheels of the blockchain turning.Despite the People’s Bank of China (PBOC) deeming crypto-related activities illegal in September, bitcoin enjoyed a banner year in 2021, smashing its previous all-time price high (ATH) as institutional players joined the party. Far from representing a death knell, the much-hyped ban barely had an impact in the larger scheme of things.Dissecting China’s War On CryptoAnyone who has…
DUBLIN, Jan. 7, 2022 /PRNewswire/ — The “Global Cryptocurrency Market Report 2021: COVID-19 Implications and Growth” report has been added to ResearchAndMarkets.com’s offering.Research and Markets LogoThe global cryptocurrency market is expected to grow from $1.44 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The market is expected to reach $2.73 billion in 2025 at a CAGR of 13.8%.Major players in the cryptocurrency market are Advanced Micro Devices Inc., BitFury Group Limited, BTL Group Ltd., Coincheck Inc., Intel Corporation, Ledger SAS, Nvidia Corporation, Ripple, Xilinx Inc., Xapo, BitGo, Binance, Coinbase Global Inc.,…
Shiba Inu (CCC:SHIB-USD) has been falling for the past several months. At this point, it’s hard to know when the decline in SHIB will stop and the price will turn around. Source: Shutterstock For example, Shiba Inu peaked at $0.00008719 on Oct. 27, 2021. But as of mid-day Jan. 7, it’s trading at $0.00002917. This represents a decline of 66.5% from its peak. That is a pretty dramatic drop for any kind of security. Moreover, since the end of November, when it was at a near-term peak of $0.0000538, SHIB has dropped 45.6%. So, just about any way you look at…
Widely-followed crypto trader Michaël van de Poppe sees bullish signs for Bitcoin (BTC) and one other altcoin while naming support zones for two popular smart contract platforms. In a recent series of tweets, Van de Poppe tells his 551,000 followers that Bitcoin’s price action is “creating a bullish divergence.” “The lower timeframe on Bitcoin is creating a bullish divergence while being in massive support at $41K. If it breaks $42.8-42.9K, a test of $46K is likely to happen and, then, the bullish divergence plays out.” Source: CryptoMichNL/TwitterBitcoin is currently trading at $42,011, just south of the crucial bullish divergence breakthrough levels identified on…
CoinDesk has formally joined the legal proceedings between Tether and the New York Attorney General in a case centering on the release of company documents to the news outlet. The conflict dates back to June of last year, when CoinDesk filed a Freedom of Information Law request, or FOIL, in New York requesting documents detailing Tether’s reserve breakdown, which the stablecoin issuer and its parent company iFinex provided to the NYAG as part of a settlement agreement in February. New York’s Freedom of Information Law allows members of the public to submit requests for access to government records, including court…
SafeMoon (SAFEMOON) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has declined 71.07% to $0.0000006873485292. InvestorsObserver is giving SafeMoon a 52 Volatility Rank. Find out what this means to you and get the rest of the rankings on SafeMoon! Moderately Volatile InvestorsObserver gives SafeMoon a moderate volatility rank of 52, placing it in the top 48% of cryptos on the market.The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility. SAFEMOON’s moderate volatility…