Author: hotcrypto

On January 5, digital currency markets shed a great deal of value as bitcoin dropped below the $44K handle during the late afternoon (EST) trading sessions on Wednesday. Nearly every coin has shed 24-hour value, but a slew of crypto assets have seen double-digit gains and have managed to stave off the crypto economy downturn. This Week’s Double-Digit Crypto Gainers At the time of writing, the crypto economy is down more than 7% to a low of $2.16 trillion on Thursday, January 6, 2022. The price of bitcoin (BTC) has lost 7% this week as well as it dropped below…

Australian Open becomes the first-ever Grand Slam to launch their own NFTs and a series of events on the Metaverse. “A new era. A new arena. Time to take tennis to another dimension. Introducing @aometaverse, more soon…” Australian Open tweeted on Thursday.   Meanwhile, prices of Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) have plunged more than 8 per cent in the last 24 hours. The price of Bitcoin (BTC) was down by 8.25 per cent and was trading at $42,910.89 in the last 24 hours. Bitcoin dominance in the global crypto market was 39.93 per cent, up by 0.54 per…

Analysts at JPMorgan Chase & Co. (NYSE:JPM) believe the overall optimistic view about the dominance of Ethereum (CRYPTO: ETH) is at risk. What Happened: In a research note seen by Bloomberg on Wednesday, JPMorgan analyst Nikolaos Panigirtzoglou said unless the final, and “most critical” phase of Ethereum’s efforts to scale is completed in 2023, the network’s 70% of DeFi market share could drop further. “The optimistic view about Ethereum’s dominance is at risk. Scaling, which is necessary for the Ethereum network to maintain its dominance, might arrive too late,” opined Panigirtzoglou. The analyst went on to note that Ethereum is losing market share…

3 Cryptocurrencies to Buy Now and Hold Forever: Ethereum, Chainlink and HUH Token by Analytics Insight January 6, 2022 Cryptocurrencies like Ethereum, Chainlink, and HUH Token stand out as top opportunitiesIn the financial world, institutional investors represent large sums of money. With approximately $100 trillion in assets under management, their purchases and sales can have a significant impact on asset prices. And, more recently, those powerful financial institutions have developed an interest in cryptocurrency. According to a Fidelity study, 52% of institutional investors already own digital assets and 71% intend to do so in the future.Decentralized finance (DeFi) is also…

Shiba Inu (CRYPTO:SHIB) was a hot topic last year. The meme token, which cleverly borrowed its name from Dogecoin’s canine mascot, skyrocketed 42,000,000% in 2021. Put another way, if you had invested $10 in Shiba Inu last January, your tokens would have been worth over $4 million at the year’s end. Even more impressive, Shiba Inu has actually lost 62% of its value since peaking in late October. To say its performance has been unprecedented would be an understatement. However, if you failed to make a fortune on Shiba Inu, don’t beat yourself up. More importantly, think very carefully before buying the dip. The odds…

Belfrics OfficeBelfrics announces plans for expansion and opens an office in Bangalore IndiaBelfrics announces plans for expansion and opens an office in Bangalore IndiaAVENTURA, Fla., Jan. 06, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) announced today its Belfrics subsidiary plans to increase its office footprint and significantly expand its workforce in India. Belfrics office in India is located at KMJ ARCADIA, #15, 2nd floor, Industrial Main Road, 5th Block Koramangala, Bangalore – 560 034. Belfrics expects as much as 30% of its cryptocurrency business could come from India, and its cryptocurrency platform includes Bitcoin (BTC),…

Cryptocurrency Prices Today, 6 January 2021: Check and compare cryptocurrency prices. Get to know how much bitcoins, Ethereum, Litecoin, Ripple, Dogecoin and other cryptocurrencies rate, value, worth today, compare prices, and check market capital across all the top Indian exchanges. Cryptocurrency Prices in India: Cryptocurrency remains a volatile market, and prices change very frequently. Even if you look at just the most well-known ’coins’, like Bitcoin, Ether, Dogecoin, Litecoin and Ripple, there have been constant changes in their value. Bitcoin is the oldest and most well-known cryptocurrency token that can be purchased and in the last 24-hours, its value has…

Vitalik Buterin has proposed multidimensional pricing of a transaction to tackle high gas fees for the network.  Buterin’s solution could optimize Ethereum gas cost through multidimensional EIP-1559.  Over 1.36 million ETH tokens have been burned and removed from circulation since the London Hardfork.  Vitalik Buterin has proposed a solution to tackle high gas fees through multidimensional pricing in EIP-1559. Since the burn implementation, over 1.36 million ETH tokens have been pulled out of circulation, fueling a bullish narrative for the altcoin’s price.  Ethereum fees could drop through Vitalik Buterin’s proposal The Ethereum network continues to suffer from a spike in…

Two major events in the cryptocurrency space have rocked Bitcoin’s value down to a three-month low as the entire market witnessed a cascading crash. At the time of writing, Bitcoin is valued at $43,168 (roughly Rs. 32.1 lakh), down by over 7 percent over the past 24 hours on global exchanges. On Indian exchanges like CoinSwitch Kuber, the price of the most popular cryptocurrency stands at Rs. 34.92 lakh, down by 6.17 percent over the past 24 hours.The big slump occurred as the US Federal Reserve indicated it could move up its timetable for raising interest rates to mid-March. The…

The world’s most valuable cryptocurrency has fallen to about $43,000 after surging to a record high near $69,000 in November. Yet Goldman Sachs (GS) said in a report this week that bitcoin (XBT) could more than double, to a little over $100,000 per coin, within the next five years. “We think that bitcoin’s market share will most likely rise over time as a byproduct of broader adoption of digital assets,” Zach Pandl, the co-head of global foreign exchange, rates and emerging market strategy for Goldman Sachs, said in the report.Pandl argues that bitcoin will increasingly steal market share from gold,…