Author: hotcrypto
Miami, Florida, United States, Jan. 07, 2022 (GLOBE NEWSWIRE) — The Endangered Empire team is releasing an on-going series of NFT’s targeting one endangered or vulnerable species per series. Over the span of the project, they aim to donate millions of dollars to wildlife and green organizations focused on protecting and rebuilding the targeted species’ habitats. Each series will feature a new species voted on by their community. Founded by Christian Nelson (Chino), a Bachelor in Electrical Engineering and a crypto enthusiast, who aims to use the abundance of NFTs to rescue, restore, and rebuild nature and strengthen its benefits…
In the last 12 months, PayPal’s (NASDAQ:PYPL) performance has been disappointing. During this period, PYPL stock has declined by around 19%. Source: JHVEPhoto / Shutterstock.com Valuation was one factor serving as a catalyst for the correction. Additionally, it was clear that the company’s rumored acquisition of Pinterest (NYSE:PINS) will not be happening. On the valuation front, though, things look attractive now. Recently, BMO Capital analyst James Fotheringham upgraded PYPL stock to “outperform” with a price target of $224. At the same time, if we broaden the time horizon, PYPL stock has been a value creator. In the last five years, the…
What happened Today, the term “blood bath” would be an ample description of how the crypto market has moved. As of 2 p.m. ET, the crypto market as a whole has dropped 6.3%. This move has been shaped by very strong underperformance among a number of high-growth altcoins today. Among the larger-cap tokens, we’ve seen relative outperformance (if one can call it that) today. Binance Coin (CRYPTO:BNB), the world’s third-largest cryptocurrency, dropped 5.4% over the past 24 hours as of 2 p.m. ET. Over this same time frame, the eighth- and 17th-largest tokens, XRP (CRYPTO:XRP) and Chainlink (CRYPTO:LINK), sank 6.1% and 4.8%, respectively. Stocks,…
Ethereum is down $131.03 today or 3.68% to $3426.38 –Lowest 5 p.m. level since Oct. 4, 2021, when it traded at $3384.30 –Down three of the past four days –Down two consecutive days, down 10.46% over this period –Worst two day stretch since the two days ending Dec. 4, 2021, when it fell 10.55% –Down 28.62% from its all-time high of $4800.00 on Nov. 9, 2021 (based on 5 p.m. levels) –Up 173.78% from 52 weeks ago (Jan. 7, 2021), when it traded at $1251.50 –Down 28.62% from its 52-week high of $4800.00 on Nov. 9, 2021 (based on 5…
Multiple cryptocurrencies — including Bitcoin — dropped sharply Thursday as global stocks continued to fall, CNBC reports. Bitcoin — which was worth $43,058.75 on Thursday morning — dropped as low as $42,496 in the last 24 hours, according to CNBC. Similarly, Ethereum dropped 12% to $3,411.92. The cryptocurrency Solana fell 12% to $148.58. The decline in cryptocurrency coins comes as the Federal Reserve showed officials are seeing a potential quick rise in interest rates for 2022, according to The Wall Street Journal. “As rates rise, holding volatile investments that produce little income becomes less attractive compared with government bonds,” WSJ…
A European nation has said it will bring the law down on crypto miners after the vast amounts of energy needed for the task led to a crisis.A European country has banned bitcoin mining because the large amounts of energy the process needs is crippling the electricity grid and contributing to blackouts. The government of the Balkan state of Kosovo has said security services will find those who continue to mine cryptocurrency and prosecute them. The action comes amid a state of emergency in the country – sandwiched between Serbia, Montenegro, Albania and North Macedonia – after its largest power…
AMC CEO Adam Aron reacts to the mad dash for tickets to the new ‘Spider-Man: No Way Home’ movie and exclusive NFTs. AMC Entertainment CEO Adam Aron says that the movie theater chain remains on track to accept Dogecoin and Shiba Inu as alternative forms of payment for online concessions and ticket purchases during the first quarter of 2022. “I have been repeatedly asked when AMC expects to routinely accept Dogecoin and Shiba Inu for any and all payments made via the AMC web site and mobile app,” Aron tweeted Thursday. “I am being told that we are still well…
What happened The crypto market was in full sell-off mode late on Wednesday and into Thursday as investors assessed the risk in the market. The Federal Reserve didn’t help matters, releasing minutes from a recent meeting that confirmed the market’s expectations that the central bank will be raising benchmark interest rates and reducing its bond holdings. Bitcoin (CRYPTO:BTC) remains the giant among cryptocurrencies, and even it wasn’t spared. Its token price had fallen by as much as 8.9% in the last 24 hours as of 11:30 a.m. ET. The cryptocurrency is down 7.7% as I’m writing. Popular altcoins Dogecoin (CRYPTO:DOGE)…
Crypto analyst Justin Bennett thinks VeChain (VET) could skyrocket several times above its current price. In a new YouTube video, Bennett says if VET breaks $0.10, it’s likely to keep moving up in price. “As long as it’s above that $0.06 area, I’m still bullish on VET over the next year, and I think if we get above $0.10, that $0.103 cent area, then I do think we get that move back toward the $0.12 region, and potentially $0.15 and then some.” The analyst also notes that if VET takes off this year, potential breakout areas could be as high…
There are hundreds of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, which might be overwhelming if you’re new to the world of crypto. To get you started, here are the top six cryptocurrencies to watch out for in 2022: BitTorrent BitTorrent has struggled to make a profit out of its incredibly popular service since its inception in 2000. In 2019, the Tron Foundation, creators of the Tron blockchain, bought BitTorrent. The new owners then brought BitTorrent into the cryptocurrency market in order to broaden the BitTorrent protocol and incentivize network traffic. As per its market capitalization,…