Author: hotcrypto

EtherNurphoto / Getty ImagesEthereum’s dominance is at risk, as the crypto network is still a year away from receiving a key upgrade to its blockchain that would make it more competitive against newer protocols, according to JPMorgan.Efficiency concerns, number of transactions per second, and high gas fees are issues that have been plaguing ethereum in recent months, in part due to growing transaction volumes of NFTs and other digital goods that often use ether as the preferred currency.”However, crypto markets continue to evolve and so-called ‘Ethereum killers’ are gaining popularity based on their improvements made versus ethereum,” JPMorgan explained in…

The price of bitcoin is down 16% over the last 30 days and since the crypto asset’s all-time high (ATH) on November 10, 2021, bitcoin has lost more than 38% since it surpassed $69K per unit that day. Meanwhile, crypto advocates are furiously debating whether this is a bitcoin bear market or if the bull market is still intact. To many observers bitcoin’s current market cycle is not complete, as no solid peak had formed, and speculators still expect another bubble to come to fruition. The Four Phases of the Price Cycle — Bitcoin Traders Debate Cycle Position, Trader Insists…

VALLETTA, Malta and SINGAPORE, Jan. 7, 2022 /PRNewswire/ — The Litecoin Foundation joins the Function X blockchain as a public validator. The Litecoin Foundation is a community-led, non-profit organization that promotes the awareness, development and use of Litecoin – a peer-to-peer cryptocurrency. An innovator in the global cryptocurrency community, the Litecoin Foundation educates beginners through to sophisticated investors about digital assets, their evolution, use cases and benefits. After 10 years, Litecoin – with the Litecoin Foundation’s support – remains one of the most utilized cryptocurrencies, effortlessly processing billions of transactions without interruption, friction or downtime. Litecoin allows anyone in the…

The number of wallet addresses holding BabyDoge ($BABYDOGE), a cryptocurrency create by Dogecoin fans to “impress his father by showing his new improved transaction speeds & adorableness” has surpassed the number of wallets holding rival meme-inspired cryptocurrency Shiba Inu ($SHIB). The difference was first pointed out by the official Twitter account of BabyDoge, which posted screenshots of both BscScan and Etherscan, two blockchain trackers for the Binance Smart Chain and Ethereum respectively. At press time BscScan shows that BabyDoge has a total of 1.139 million addresses holding the cryptocurrency, while Etherscan shows Shiba Inu has a total of 1.121 million…

VeChain Announces VeUSD Stablecoin on VeChainThor VeChain announced the upcoming launch of VeUSD, the first native stablecoin of enterprise-grade VeChainThor blockchain. The VeChainThor blockchain is an open-source platform, maintained by the Singapore-based VeChain Foundation. According to the official announcement, stablecoin will come out after several months of development. The exact launch date is not specified, although the report states VeUSD will “soon go live on mainnet”. VeUSD stablecoin will be fully backed by physical reserves of fiat money at a 1:1 ratio and will be audited by Nevada-chartered trust company Prime Trust. It will be fully available to redeem at…

As cryptocurrencies are getting hugely popular with each passing day, the need for a reliable and safe crypto wallet is increasingly being felt, which also accepts various cryptocurrencies and has practical uses. Hence comes Metamask crypto wallet in the picture. Related Read: Best 20 cryptocurrency wallets worldwide Source: © Malirvik | Megapixl.com What is a Metamask wallet? Launched in 2016, Metamask is one of the most popular and established crypto wallets across the globe that connects to the Ethereum blockchain and boasts having over 21 million users worldwide. Must Read: Which are the best crypto wallets in New Zealand? Further,…

Cryptocurrencies crashed this week after the Federal Reserve warned that it will accelerate its tightening process this year. This means that it will end its quantitative easing (QE) program in March and then start rate hikes. While Bitcoin, Ethereum, and most altcoins crashed, others like Cosmos, Osmosis, Ravencoin, and Frax Share went against the grain.  Safemoon Safemoon (OLD) is a cryptocurrency built on the Binance Smart Chain (BSc) network. It is a fast-growing coin that is currently valued at more than $1.28 billion. According to CoinGecko, Safemoon is the 96th biggest cryptocurrency in the world.  Unlike Bitcoin, Safemoon has features…

Technicorum Holding’s latest SocialFi (Social Finance), GameFi (Game Finance), and Metaverse project, targeting the Social Media Influencers and KOLs market, receives strategic investments from PlutusVC INC, Unionblock VC, RioFund, and Firefly Capital. SINGAPORE, SINGAPORE / ACCESSWIRE / January 7, 2022 / Influencio, the first dedicated blockchain influencer marketing platform, which also incorporates NFTs, GameFi, SocialFi, and the Metaverse, developed by Technicorum Holdings’ subsidiary Gravitas International Associates receives strategic investments from venture capital companies, PlutusVC INC followed with Unionblock VC, RioFund and Firefly Capital. Influencio had initially raised over US$3 million during private sales. The second round of investment was led…

Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›Dubai, UAE, 7th January, 2022 — Mintverse is excited to announce a revamped version of its NFT collection tracking solution. Several crucial improvements and additions have been made to the protocol, paving the way for onboarding millions of people to the world of non-fungible tokens.Mintverse is keen on exploring the future of NFTs by providing users with a comprehensive NFT aggregator and marketplace. Global interest in non-fungible tokens has risen significantly in recent…

Tangle Labs — The new big player in IOTA identityAccording to IOTA co-founder Dominik Schiener, digital identities (DID) are “the key to the first million users of IOTA”.His reasoning is clear: Every human needs to identify themselves almost daily, both online and offline, in order to use hundreds of important services like online-banking or age-restricted media. As of today, proving identity, including ownership of certificates, diplomas or even citizenships, requires lengthy and expensive “know your customer” (KYC) processes that need to be repeated for every single service individually. This poses a large barrier-of-entry for new customers and a huge cost-sink.The…