Author: hotcrypto
This article is excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s potential 100x picks, subscribe to his mailing list here. Source: OSTILL is Franck Camhi / Shutterstock.com NASCAR Goes Crypto Last Thursday, NASCAR driver Brandon Brown made headlines after announcing a sponsorship deal with a meme coin: Let’s Go Brandon (CCC:LGB-USD). Unsurprisingly, NASCAR immediately sent the sponsorship to review. The racing organization is now faced with a no-win situation of whether to approve the deal. Yet, one winner has emerged: LGBCoin. Prices are up 240% in the past two months thanks to…
Enjin, a leading Polkadot project, has announced that it is launching its brand new headquarters in the Bloktopia metaverse. This new space is designed to show off its growing NFT ecosystem and projects. As more and more organizations pour into the metaverse, it is fast becoming trendy to have a dedicated office in the virtual world. Forget remote working, virtual working could be a key feature of 2022. In 2021, Enjin’s Efinity has won Polkadot’s sixth and last parachain auction with a contribution of over $214 million in DOT. Efinity is Enjins scalable, decentralized, and cross-chain NFT infrastructure. To expand its…
Non-fungible tokens have exploded in popularity, as everyone from global consumer brands to artists have rushed to sell digital collectibles, which can reach hundreds of thousands of dollars worth of Ether, a well-known cryptocurrency. No surprise if OpenSea, the leading marketplace for NFTs is cashing in. It has raised $300 million in new venture funding.The new round of funding was led by venture capital firms Paradigm and Coatue, according to a blogpost published on Wednesday, and brings the blockchain start-up’s valuation to $13.3 billion, an impressive number for a company founded in 2017. Its valuation has gone from $1.5 billion after…
What happened Today, top cryptocurrencies Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) declined 4.1% and 4.7%, respectively, over the past 24 hours as of 3:15 p.m. ET. Popular meme token Dogecoin (CRYPTO:DOGE) kept pace with these top tokens, dropping 4.6% over the same time frame. These three popular cryptocurrencies have basically paced the entire crypto market, which fell along most risk assets early this afternoon. The release of minutes from the previous Federal Reserve meeting has resulted in analysts and investors agreeing that the overly accommodative monetary policy we’ve seen thus far is likely to end sooner than expected. A sharp reduction in Federal Reserve bond holdings,…
As 2022 gets underway, the decentralized finance (DeFi) sector of the cryptocurrency ecosystem appears to be gaining momentum in what could be an echo of the bullish market seen in seen in early 2021. Data from crypto market intelligence firm Messari shows that over the past 30 days, five out of the top 10 DeFi protocols have seen their tokens post double-digit gains. This is in spite of the struggles that Bitcoin has faced, a dynamic that usually places bearish pressure on the wider crypto market. Top 10 DeFi assets. Source: MessariA deeper dive into the data shows that Aave (AAVE),…
Popular network Chainlink (CCC:LINK-USD) has been on quite the run lately. That has continued today, with the LINK token up more than 5% over the past 24 hours. With this in mind, investors looking at Chainlink price predictions may not be entirely surprised. Source: Stanslavs / Shutterstock.com So what do you need to know? Chainlink is a popular oracle network. These networks essentially allow for the integration of off-chain data with blockchain networks. Things like price feeds that require integration with the blockchain aren’t that easy to integrate. Chainlink’s technology acts as the middleman in this process, allowing various blockchains to…
Blockchain planting management system, Veritree, and tech giant, Samsung, have announced a partnership that’ll see the electronics maker have exposure to Cardano blockchain. Samsung’s new Partnership Exposes it to Cardano The partnership was announced at the Consumer Electronics Show (CES) in Las Vegas. Cardano Foundation’s Sidney Volmer tweeted about it, explaining that it’s part of Samsung’s land restoration efforts and will mean that the company now has exposure to Cardano. 👏Another great initiative powered by the #Cardano #blockchain.@SamsungUS to plant 2 million trees in Madagascar by the end of the first quarter of 2022 in partnership with @veritree_, a Cardano…
Bitcoin Cash receives an average long-term technical score of 34 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, BCH holds a superior long-term technical analysis score than 34% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have…
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.As we quickly decentralize our environment, there is a gap and a barrier to entry for those who wish to learn and adapt to the concept of web 3.0. Decentralized solutions are costly, and implementation complexity is a major contributing factor.For instance, a significant setback would be a blockchain developer’s supposed annual income, which would be around $172,000 on average. Many businesses lack the financial resources to create decentralized apps or dApps. Another drawback is the lack of user-friendliness.How are end-users meant to know how to…
Cryptocurrencies started on the front foot on Wednesday with six of the largest ten cryptos gaining value. Ethereum, the second-largest crypto by market value, jumped some 1.5% to US$3,817 – making it the largest riser in the top 15. Meanwhile, Bitcoin was down 0.2% in early deals at US$46,597. NFT marketplace OpenSea has raised US$300mln in a Series C funding round that valued the business at US$13.3bn. It marks a stellar rise for OpenSea, driven by the popularity of NFTs and digital art in recent months – a July 2021 Series B funding valued the group at just US$1.5bn. This…