Author: hotcrypto
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According to a new blog post, Shiba Inu (CRYPTO: SHIB) developers have launched a beta version of a decentralized autonomous organization (DAO) called Doggy. The DAO’s mission is to give Shiba Inu holders more authority to decide on crypto projects. Doggy DAO will be run and be fully controlled by the SHIB community. Developers plan to launch the first phase of Doggy called ‘DAO 1’ by Jan. 3. The DAO 1 phase will focus on providing immediate power to the community to decide which crypto projects and pairs will be available on the ShibaSwap WOOF Pools. Shiba Inu noted that to avoid possible whales…
China might be doubling and tripling down on its wide array of crypto bans, but it would be a huge mistake to conclude that the country is falling behind rivals in the race for crypto adoption. During an episode of the What Bitcoin Did podcast, macro economist Lyn Alden took a closer look at how the East Asian regime is using crypto to its advantage. East of Eden? While decentralized crypto and CBDCs might seem worlds apart, Alden noted that China had come far ahead of its Western rivals in researching and then testing its own “programmable money.” Regarding the country’s progress…
Express News Service It’s not enough to have a crypto portfolio. You need to have a well-balanced one. What does that mean? Don’t put all your eggs in the same basket. Diversification is key. “It safeguards you against volatile market cycles. It offers better results over time. The chances of calamitous falls reduce exponentially,” says Delhi-based crypto broker Jagbir Singh. We’re operating within an entire universe of new and emerging cryptocurrencies. “Diversification is a strategy being used more widely today. By owning multiple assets that perform differently, you reduce the overall risk factor of losing money. It gives you a broader view…
Cybercriminals are now taking advantage of the ongoing craze around cryptocurrencies to trick potential victims and steal their digital money. In fact, a report by Chainalysis revealed that hackers have exploited vulnerabilities within crypto platforms or used traditional scamming methods like ‘rug pull’, mooching off over $7.7 billion (Rs 58,698 crore approx) worth of cryptocurrency from victims in 2021. Here we list all the major cryptocurrency scams that occurred this year. Poly Network In August 2021, hackers pulled off one of the biggest ever cryptocurrency heists stealing $613 million in digital coins from token-swapping platform Poly Network. However, the hackers…
Staking has become a hugely popular feature offered by a variety of different crypto platforms. Given the benefits, it’s really no surprise. Earning rewards while making blockchains more secure can be a win-win for both the user and the platform. But you cannot stake every coin, and some offer better staking rewards than others. So, what are the best coins for staking? 1. Ethereum (ETH) You’ve probably already heard of Ethereum. It’s the most valuable altcoin and the second most valuable cryptocurrency after Bitcoin. You can buy and sell Ethereum on a wide range of exchanges, and you can also…
Mumbai: Indian cryptocurrency exchanges seem to have taken a shine to Non-Fungible Tokens (NFTs). At least half a dozen crypto platforms are foraying into the NFT space, assuming that it would not be outlawed as NFTs hold an underlying asset that is traded in digital form. In fact, cryptocurrency exchanges that offer NFTs have grown 40-50% month on month, albeit on a smaller base. NFTs are a unique and noninterchangeable digital representation of art photo, video, text – that exist on a blockchain. The global market for NFTs hit $22 billion in 2021, according to DappRadar, a global app store…
Getty ImagesTo say 2021 was a crazy year for cryptocurrencies is an understatement.Bitcoin soared to new highs but also achieved full legitimacy in one country. Meanwhile, meme tokens like shiba inu and dogecoin went from being jokes to delivering mind-blowing gains. The number of cryptos ballooned to more than 16,000, and the overall market cap hit $3 trillion at one point.In other parts of the space, a non-fungible token stunned the art world when it fetched a staggering $69 million to become the most expensive work of digital art in history.Insider takes a look back at the top five wildest…
What Is Decentralized Finance? Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services. Some of the key attractions of DeFi for many consumers are: It eliminates the fees that banks and other financial companies charge for using their services.You hold your money in a secure digital wallet instead of keeping it in a bank.Anyone with an internet connection can use it without needing approval.You can transfer funds in seconds and minutes. Key Takeaways Decentralized…
The past year has been a particularly wild ride for crypto investors: the value of bitcoin and ethereum soared to new heights and, with more widespread acceptance as a form of payment, also came wider institutional crackdowns.At the same time, countless new cryptocurrencies are popping up on the market with promises of the same type of growth — it can be hard to know what to pick in an industry that is already very volatile.”We’re not quite sure today whether Fantom or AVAX or Solana or Ethereum will be the winner in terms of who gets the most total value…