Author: hotcrypto

Bitcoin price action shows that some very bearish price action may be coming up soon. Both the Japanese candlestick charts and two Point and Figure charts show dangers to the downside – but follow-through by sellers is necessary and has yet to happen.   Cardano price action continues to struggle to make any headway to higher valuations. ADA has spent 19 weeks in a downtrend from the most recent all-time highs made in September 2021. However, bullish momentum may return very soon.   Sky Mavis, developers of Axie Infinity recently revealed land play that is currently under development. Axie Infinity…

Quick take: FLEX has grown from $0.05 in December 2020 to more than $5 today, representing 100x+ growth Assets under custody hit $1.2 billion CoinFLEX’s repo market went from millions to billions of dollars per day in volume flexUSD market cap reached $370 million and has paid out $17 million in interest to holders CoinFLEX’s automated market maker (AMM+) hit $100 million in assets CoinFLEX focuses not only on building for the crypto markets today, but also for what will remain true ten years from now: In the crypto markets, end-users care most about liquidity. Most investors are passive, not…

A recent report by analytics provider Glassnode finds that 76 per cent of Bitcoin’s circulating supply is currently illiquid, which means it is moved into wallets with no history of spending. “We can see that over the final months of 2021, even as prices corrected, there has been an acceleration of coins from liquid into illiquid wallets,” says the report.  The global crypto market capitalisation of cryptocurrencies crossed $2.25 trillion and increased by 0.54 per cent over the last day. The price of Bitcoin (BTC) was up by 0.14 per cent and was trading at $46,774.10 in the last 24…

Blockchain network interoperability is shaping up to be one of the main themes for the cryptocurrency ecosystem in 2022. New users are continuing to onboard into the growing world of crypto while both new and established projects search for the chain that will best serve the needs of their protocol and community. One project that has 2022 off to a bullish start thanks to its focus on facilitating the communication between separate networks is Cosmos (ATOM). This project bills itself as “the internet of blockchains” and seeks to facilitate the development of an interconnected decentralized economy. Data from Cointelegraph Markets Pro…

An increasing number of corporate entities are enabling cryptocurrency payment options for their customers. However, some companies are taking an unlikely route in adopting cryptocurrencies. Airbnb Users Want Company to Provide Crypto Payment Options A recent poll by Airbnb CEO Brian Chesky has seen its customers ask for cryptocurrency payment options. Chesky conducted a Twitter poll over the weekend, asking his 399k followers to suggest a feature or product the company should launch in 2022. If Airbnb could launch anything in 2022, what would it be? — Brian Chesky (@bchesky) January 2, 2022 In a follow-up tweet earlier today, Chesky…

It’s time to set the record straight. Too many who write or pontificate about Bitcoin do not know what progressivism means in the political realm of American politics — looking at you Daniel Kuhn. In reality, many ideas among progressives and the left, are wholly aligned with Bitcoin’s mission.“Progressive” is really an umbrella term that lumps together many left-leaning political ideologies under a set of demands that we deem to be inalienable rights of any human. These are education, healthcare, a living wage and housing. It is true that progressives do put demands on the government to protect and nurture…

Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform. Morning Coinheads. A lot to take in today. Where will crypto go in 2022? Goldman Sachs. US$100k. Store. Of. Value. The Fed up mins. Price points for Shiba. For Cardano. And Ethereum. It’s Thursday morning in Sydney, lets start:   US markets close: Crypto’s tumble as Fed ponders paring balance sheet The cryptocurrency markets fell sharply on Wednesday night stateside, after the US Federal Reserve released meeting minutes showing the bank is considering reducing…

A total of nine businesses have committed to using part of their profits to burn tokens of the meme-inspired cryptocurrency Shiba Inu ($SHIB) in a bid to reduce its circulating supply. The burns will be conducted by moving funds into the official SHIB burn wallet. As CryptoGlobe reported, in early December only 59% of Shiba Inu’s initial supply was still in circulation, as a total of 410.29 trillion SHIB had been burned since the cryptocurrency was launched. Initially, Shiba Inu has a total supply of one quadrillion tokens, but 50% of them were locked in a smart contract to provide…

After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication: GAINERS Olympus (CRYPTO: OHM) rose 3.44% to $334.1 over the past 24 hours. Trading volume for this coin is 80.72 million, which is 13.81% lower than its average full-day volume over the last 100 days. As of today, $OHM’s estimated market cap is $2,507,446,451.00.Circulating Supply: 7,515,469.03Max Supply: 8,349,211.55 Chainlink (CRYPTO: LINK) rose 2.32% to $24.61 over the past 24 hours. Chainlink’s current trading volume totals $2.87 billion, a 168.23% increase from its 100-day average volume. The coin’s market…

Want to jump straight to the answer? You can buy Spell Token on Gemini! Some of the main benefits that decentralized apps (DApps) have brought to the table are lending and borrowing platforms like Aave, Alchemix, Abracadabra Money and others. These decentralized finance (DeFi) platforms allow anyone anywhere to lend and borrow certain digital assets with an Ethereum wallet. Thanks to blockchain technology, we have these trustless and secure financial services. What is Spell Token? Abracadabra Money is a cross-chain lending platform that utilizes ERC-20 interest-bearing tokens (ibTKNs) like yvWETH, yvUSDC and xSUSHI to accumulate interest. These tokens are used…