Author: hotcrypto
The token of the open-source blockchain platform EOS was the top gainer last week — the coin shot up 13.8% in the period, outperforming gains clocked by Bitcoin BTC/USD, Ethereum ETH/USD, and Dogecoin DOGE/USD. Top Gainers of Week Ending Aug. 22, 2022 (Data via CoinMarketCap) Cryptocurrency 7-Day % Change (+/-) All-Time High Value/Date Reached % Change (+/-) Since All-Time High EOS (EOS) +13.8% $22.89 On April 29, 2018 -93.3% Chiliz (CHZ) +7.65% $0.89 On March 13, 2021 -78.7% USDD (USDD) +0.4% $1.03 On May 4, 2022 -3.2% Fork Sets The BuzzThe EOS Network Foundation announced recently that it had combined resources with…
Cryptocurrency is scripting history with time. It has been successful in gaining the confidence of the business community. The benefits it provides to the customers are literally putting banks under pressure. Cryptocurrency is literally challenging the traditional banking system. With Cryptocurrency lending, you get some added facilities compared to the traditional banking organisation. This development compels one, especially the business community, to form an awareness regarding the benefits that they have with Crypto lending. Are you thinking of taking Cryptocurrency loans? Know what benefits you have. Advantages Of Cryptocurrency Lending Crypto lending is becoming popular with time for its innate…
Welcome to the first episode of NewsBTC’s all-new daily technical analysis videos. In the first episode, we are looking at Bitcoin price action using the weekly BTCUSD price chart. Specifically, this episode looks at Bitcoin’s “most profitable buy signal” in its entire history: the hash ribbons. In addition, we analyze weekly momentum using the logarithmic MACD to try to understand if a bottom could be in. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 22, 2022 All About The Hash Ribbons The Hash Ribbons were created by Bitcoin analyst Charles Edwards. They are a pair…
Crypto banks could join the central banking system, Huobi’s stablecoin briefly loses its peg, and Bitcoin now has over 1 billion unique wallet addresses. These stories and more this week in crypto. Sudden Crypto Crash Takes Bitcoin Below 21,000 Bitcoin fell to its lowest level in three weeks, dipping below $21,000 amidst a sudden sell-off across the broader crypto market. It’s not clear what caused the drop in crypto prices as the move comes just days after Bitcoin surpassed the $25,000 mark for the first time since June. Central Banking System Could Embrace Crypto Banks The Federal Reserve has…
Crypto.com, the crypto exchange based in Singapore, has announced the activation of a new trading pair for Shiba Inu (SHIB), the second-largest dog-themed token in the market. As shared by the exchange on its official Twitter handle, users now have SHIB-BUSD as an option on the trading platform. This implies that they are now enabled to swap between the two digital currencies. Aside from Shiba Inu (SHIB), BUSD has also been activated to pair with Tether (USDT), Solana (SOL), and Dogecoin (DOGE). Read Also: Veteran Trader Peter Brandt and David Gokhshtein Believe Shiba Inu (SHIB) Has Entered Bull Cycle Crypto.com…
Although Bitcoin has not been able to match up with existing solutions in the cryptocurrency market, it remains the largest cryptocurrency based on several factors. Being the first cryptocurrency to launch puts Bitcoin in a position where it’s the entry point for newbies learning about cryptocurrency. Bitcoin is so easy to explain as a decentralised system for peer-to-peer transactions. Moreover, it has been a very useful cryptocurrency for donations and humanitarian causes worldwide. We have seen bitcoin donations become very significant for victims of the Ukraine invasion, for countries like Venezuela battling inflation, and several others. This article looks at…
The battle in the market capitalization ranking between Binance’s stablecoin BUSD and the token of the Cardano blockchain ADA continues. BUSD claims the 7th position by capitalization ADA’s overtaking of BUSD had occurred on 9 August at a time of the token‘s rise near its $0.55 resistance. ADA‘s valuation had reached $18 billion, above BUSD’s $17.88 billion. But on 17 August Binance’s stablecoin performed a counter-run, surpassing $18.5 billion in capitalization against ADA’s $17.9. During the market high in November 2021, ADA had reached $95 billion in capitalization, when the token had surpassed the $2.5 valuation. Total market capitalization had…
WisdomTree has added polygon and avalanche to two cryptocurrency-basket ETPs following the quarterly rebalance of their respective indices. Polygon and avalanche were incorporated into the WisdomTree Crypto Market (BLOC) and the WisdomTree Crypto Altcoins (WALT) on 19 August. Polygon is the cryptocurrency native to the polygon network, an ethereum-linked blockchain project used to make faster transactions across the polygon and ethereum networks. The project has a market cap of $6.2bn, making it the fourteenth largest crypto, according to data from CoinMarketCap. Sitting just behind polygon with a similar market cap is avalanche, a cryptocurrency used on the avalanche platform. Avalanche is…
press release PRESS RELEASE. Taipei, Taiwan – August 17, 2022: PetaRush, the world’s first NFT game characters with their own BGM debuted today in Taipei, Taiwan. This not only establishes a new benchmark for Web3 games but also highlights new possibilities for cross-industry NFT applications. PetaRush, Asia’s first cross-IP blockchain game, announced a strategic partnership with Melos Studio, the world’s leading NFT music platform. Melos Studio will use AI generation technology to create a unique BGM soundtrack for each NFT character in PetaRush. When a player wins a race with the NFT, the BGM of that NFT will be played…
Australia announced a stocktake of its cryptocurrency holdings to help better understand and regulate the booming $1 trillion sector.What Happened: The Treasury would undertake “token mapping,” or cataloging of the types and uses of digital currency owned within the country, Treasurer Jim Chalmers said in a statement, Reuters reported.See Also: Bitcoin, Ethereum Rebound From Weekend Lows, Dogecoin Weak: Analyst Says This Metric Points To A ‘Higher Chance Of Rise’Chalmers said Prime Minister Anthony Albanese-led government would make “token mapping” a priority this year to help identify which digital asset tokens are being used in the country and how they should be…