Author: hotcrypto
This piece is part of a series that interviews Bitcoin miners about their experiences setting up and scaling mining operations as well as their view on the direction of the mining world. If you are mining Bitcoin and want to share your knowledge and story — the ups, downs and innovations‚ reach out to me on Twitter @CaptainSiddH.For this episode in our series, BigCohooNah joined us to share the knowledge gained from his own home mining forays and his work at Braiins and Slush Pool. As of December 2021, he joined the Compass Mining team to work on its at-home…
Ripple coin and Litecoin have been among the most bearish cryptos since the crash in May-June last year. The cryptocurrency market has made some enormous gains since then, but these two coins have been missing the bullish times. Now that the market has turned bearish again for the last two months, Ripple and Litecoin remain weak, but at least they have found support, so let’s see if they can make a bullish reversal soon.Ripple Daily Chart Analysis – $0.80 Has Turned into a Support Zone for XRPXRP trading between $0.80 and $1Ripple has been suffering from the SEC lawsuit in…
The former first lady of United States of America, Melania Trump has expressed her support for Bitcoin during 13th anniversary of its launch.” It is widely reported that Bitcoin’s market cap exceed USD$1 Trillion. Today marks the 13th anniversary of the Bitcoin Genesis Block. Happy Anniversary, #SatoshiNakamoto #MelaniaNFT ,” she tweeted on Tuesday. Bitcoin’s dominance in the world crypto market was 39.41 per cent, which has decreased 0.23 per cent over the day, data of coinmarketcap.com showed. The price of Bitcoin (BTC) was $46,720.21 at 5:30 pm IST, down 1.81 per cent in the last 24 hours. Ethereum (ETH)…
While Bitcoin entered the $45,000 zone on 13 December, the domino effect led Binance Coin and VeChain to breach their long-term resistance levels. Moreover, EOS still struggled to cross the 38.2% Fibonacci hurdle. Binance Coin (BNB) Source: TradingView, BNB/USDT BNB formed a descending channel (white) after an up-channel breakdown on 9 December. As a result, the alt saw an 8.9% seven-day loss. With this downfall, the bears pushed the price below its immediate resistance at the $532-mark. The bears retested the above level for nearly 45 days until they finally sustained the price below that mark for over two days…
Stablecoin issuer Tether froze over $1 million worth of USDT last week, according to on-chain data. The amount is significant, given it belongs to a single blockchain address. Tether called the “AddedBlacklist” function on December 30 to block this address within this transaction. This address now won’t be able to move the frozen funds. When Tether blacklists an address, it freezes the USDT balance of it, as The Block has reported previously. It is unclear who owns this address, which holds many other tokens in the low five-figure ranges that it hasn’t transferred out. When contacted, a Tether spokesperson declined…
SafeMoon receives a strong short-term technical ranking of 96 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. SAFEMOON has a superior recent technical analysis than 96% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto. InvestorsObserver is giving SafeMoon a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the…
Predicted Growth in the Usability of L1-L2 Bridges The CPO offered his predictions in a corporate blog post on January 4. He stated that while Ethereum’s scalability would increase, other layer 1 networks would also gain popularity. He mentioned that he is enthusiastic about Eth’s scalability improving. The reason is due to the introduction of Eth2 and several L2 rollups. In addition, he predicted that new layer 1 networks centered on gaming and social media, such as the upcoming Coreum blockchain, would emerge. According to Chatterjee, breakthroughs in layer 1 to layer 2 bridges will significantly increase scalability. The industry…
As the technology developed rapidly, digitalization has experienced its golden age in recent years. Concepts that we had never heard before entered our lives. One of the examples of this is undoubtedly NFTs, which have been discussed since 2016 and has not fallen off the agenda recently. NFT simply refers to a singular digital token defined as an immutable “token” on any blockchain. NFTs are used to “tokenize” many assets such as videos, artwork, objects in games, gifs and collections on the blockchain network. Unlike other crypto assets, NFTs stand out as they go beyond the copying and storage features…
As the year winds down, so do many alt coins. Investors might feel that the market is slow and there aren’t enough exciting price rallies to watch. However, that doesn’t mean growth is at a standstill. Projects and ecosystems are expanding, even during the holidays. One such example is IOTA. ‘Tis the season to stake The crypto community was buzzing after IOTA announced that it was introducing staking. The official release from the data-and-value transfer platform stated, “With the release of Firefly 1.3.0, the staking functionality is fully integrated and IOTA holders can start staking their IOTAs in return for SMR,…
Dogecoin (CRYPTO:DOGE) was one of the hottest cryptocurrencies in 2021, running up an amazing 4,000% in a year. What coin might pull off a similar feat in 2022? I’m not particularly bullish on the coin, Splintershards (CRYPTO:SPS) but I am super-bullish on the game it represents, Splinterlands. I predict the non-fungible tokens (NFTs) in the game will be worth a lot more in a year or two than they are today. Of course, nobody can predict short-term price moves. But it’s always fun to try! So here’s my explanation for Dogecoin’s meteoric rise this year, and why — if the stars are…