Author: hotcrypto
Breadcrumb Trail Links FP Finance Cryptocurrency Scams accounted for 36 per cent of the $7.7-billion worth of cryptocurrency taken from victims across globe last year Author of the article: Stephanie Hughes In a rug pull, developers create new crypto tokens and promote them to investors to pump up their value and boost overall liquidity. They then drain the funding pool and send the token’s value crashing to zero before disappearing with the money. Photo by Moe Zoyari/Bloomberg Article content Cryptocurrency rug-pull scams were responsible for more than US$2.8 billion in illicit activity in 2021, close to an all-time high and…
Decentralized finance, or DeFi, has introduced many people to the concept of yield farming. Everyone wants to put their existing crypto holdings to work for additional revenue. That may finally happen with DeFi 3.0, and the following tokens all try to claim their spot in that ever-evolving landscape. Empire Capital Token (ECC) The purpose of Empire Capital Token is to usher in the era of DeFi 3.0 to help users earn a yield on crypto-assets by holding one asset capable of benefiting from staking and farming rewards. Moreover, the $ECC token is subject to periodic buybacks initiated by the Empire…
The crypto market has fallen over the past 24 hours as the majority of the top 10 cryptos were in the red at the time of writing. Today, Wall Street could be impacted by the nonfarm payroll report and other employment data, which will be released at 13:30 GMT. Best cryptos Bitcoin fell around 3%, trading below $ 42,000 this morning, while Ethereum posted losses of over 7%. The only top 20 winners were Cardano, XRP, Polygon, and Chainlink. Cardano and XRP rose by about 1%, and Polygon and Chainlink – by about 2%. A bug on CoinMarketCap caused Hex…
Bitcoin and cryptocurrency prices continue their sell-off, with bitcoin briefly bottoming a bit above $41,000. This is bitcoin’s biggest weekly rout since November. The world’s #1 cryptocurrency now shed 37% of its $58,000 peak it hit that month. The rest of the cryptocurrencies are giving it to the selling pressure. Today the ethereum price slipped 3.16%, Binance coin is down 1.44%, and solana’s price sank 4.44%. Crypto NurPhoto via Getty Images What’s the fuss? There are two main narratives that are weighing down cryptocurrency prices. First, as I wrote yesterday, the Fed makes a swift U-turn in its policy to…
The recovery phase seemed promising for Shiba Inu, MANA and Bitcoin Cash while they poked their weekly highs on 24 December. Further, Shiba Inu’s 20-SMA crossed the 200-SMA, hinting at a strong reversal if backed up with enough volumes. Shiba Inu (SHIB) TradingView, SHIB/USD Over the past few days, SHIB bulls re-claimed the crucial $0.000035 nine-week support. After a down-channel breakdown, the alt found longer timeframe support at the $0.000029-mark. Thus, the price action saw a 39.12% surge from this level and poked its three-week high on 24 December. In the last two days, the $0.0000378-level has shown a strong…
Popular cryptocurrency exchange, Binance, has added seven new trading pairs to its already exhaustive list. The new pairs are ALICE/BNB, ETH/UST, LRC/BNB, GALA/AUD, OOKI/BNB, ONE/ETH, and ATOM/TRY. Two of these new trading pairs contain fiat currencies. Binance Adds new 7 Trading Pairs With over 500 crypto trading pairs on its platform, Binance is one of the few exchanges with an extensive list of trading pairs. These new additions will only give more options to users of the platform. #Binance adds 7 new trading pairs: 🔸 $ALICE/ $BNB🔸 $ATOM/ $TRY🔸 $ETH/ $UST🔸 $GALA/ $AUD🔸 $LRC/ $BNB🔸 $ONE/ $ETH 🔸 $OOKI/ $BNBhttps://t.co/AuNCU0JTwO…
BTCUSD is moving nicely bearish within a five-wave cycle as expected and looks like there’s room for more weakness, so after an intraday pullback in wave (iv) be aware of a continuation lower for wave (v) of »iii«. Ideal resistance is at the former wave iv around 44k level. ETHUSD keeps moving lower and looks like we are still in wave 3, so after a pullback in wave 4 that can occur during the weekend, be aware of more weakness for wave 5, but only while it’s below 3600 invalidation level. Ideal resistance is 3300-3500 area. Ethereum 1h Elliott Wave…
Polygonwire celebrates the launch of its new Polygon Crypto News service online by by giving away a free ‘How To’ guide for anyone interested in learning about the futuristic role the blockchain will play in the up and coming digital economy and uses for cryptocurrencies. Laguna Beach, United States – January 6, 2022 — In a dynamic and novel change of pace, crypto news blog “Polygonwire”, will be celebrating the launch of its new Polygon Crypto News service by by giving away a free ‘How To’ guide for anyone interested in learning about the futuristic role the blockchain will play…
The Japanese entertainment conglomerate and video game company, Konami Holdings Corporation, has revealed a non-fungible token collection in order to celebrate the 35th anniversary of the firm’s franchise “Castlevania.” Konami follows the slew of gaming giants like Ubisoft and Square Enix that have shown a strong interest in developing NFT technology. Konami Unveils NFT Collection Dedicated to the Castlevania Video Game Franchise The gaming giant Konami has leaped into the NFT world faster than pressing up, up, down, down, left, right, left, right, B, A. On Thursday, Konami launched the Castlevania 35th Anniversary NFT collection web portal and the collection…
The crypto bloodbath keeps underway across the biggest digital assets by market capitalization, with Ether (ETH) becoming one of the major losers across the sphere.The US Federal Reserve (FED) and its recently released minutes are attributed as the main catalysts behind the buying interest around the US dollar. In fact, the US central bank hinted at a faster timetable to start hiking the interest rates this year.Ether Under Heavy Selling PressureETH is exchanging hands at around $3,386, approximately down -4% on the day as of press time. The price managed to pierce below the $3,650 level, which was a critical…