Author: hotcrypto

Floki Inu (CRYPTO: FLOKI) developers made two major announcements on their official Telegram channel on December 25th that might improve the memecoin’s prospects by increasing its utility and liquidity. What happened: Earlier this week, BitGlobal (formerly known as Bithumb Global) — a major South Korean cryptocurrency exchange — officially announced on Twitter that it plans to list FLOKI. So far, Shiba Inu (CRYPTO: SHIB) and Floki Inu are the only memecoins available on BitGlobal. #BitGlobal will list #FLOKI @RealFlokiInu Deposit: Dec 27, 2021 at 11:00 (UTC+8)Trading : Dec 27, 2021 at 17:00 (UTC+8) Trading Pair: FLOKI/USDT#cryptocurrencies pic.twitter.com/PdRpIKcTmi — BitGlobal (formerly Bithumb Global) (@BithumbGlobal) December 24, 2021…

What happened It’s been another week of sell-offs for the broader cryptocurrency market. Bitcoin (CRYPTO:BTC), Dogecoin (CRYPTO:DOGE), and Chainlink’s (CRYPTO:LINK) tokens fell roughly 10%, 17%, and 18%, respectively, over the previous seven days of trading as of 5:45 p.m. ET on Friday, according to data from S&P Global Market Intelligence. In addition to concerns about cyclical pricing trends and regulatory risks, cryptocurrency prices appear to be getting dragged lower amid the ongoing China Evergrande Group debt default saga. Investors have generally been showing signs of becoming more cautious amid a mounting combination of risk factors, and it’s possible that the…

In a recent YouTube video, Charles Hoskinson highlighted the rapid growth of the Cardano (ADA) ecosystem while clarifying the concerns raised by other members of the crypto community over the past year.“We live in a world where arbitrary groups of people get to be fact-checkers and decide what’s legitimate,” said Hoskinson while speaking about the government’s perception of cryptocurrencies. He pointed out that a vast majority of financial crimes are done with the U.S. dollar or other fiat currencies. According to Hoskinson, the growth of the crypto ecosystem this year might be slower than 2022:“It’s hard to argue with the…

The world’s fastest-growing major financial exchange has no head office or formal address, lacks licenses in countries where it operates and has a chief executive who until recently wouldn’t answer questions about his location.Started just four years ago, Binance is the exchange giant that towers over the digital currency world, a crypto equivalent of the London, New York and Hong Kong stock exchanges combined. After a burst of growth, Binance processes more trades for cryptocurrencies such as bitcoin and ether each day, $76 billion worth, than its four largest competitors put together, according to data provider CryptoCompare. The years of…

Crypto Flipsider News – SEC Recruits Crypto Aide, Shiba Inu Prepares for Doggy DAO, SHIB Burn Fitness App, Binance Cancels C2C in China, ETH 2.0 Rocket Pool Hits $360 Million, Robinhood Adds Options Rolling Read in the Digest The SEC has recruited former Senate aide as Gary Gensler’s crypto advisor. prepares for Doggy DAO, bigger SHIB burns incoming with fitness app. Binance cancels C2C trading in mainland China, suggests replacement. ETH 2.0 staking protocol hits $360 million TVL in five weeks. Robinhood (NASDAQ:) looks to expand access to Crypto with options rolling feature. The SEC Has Recruited Former Senate Aide…

2021 saw an incredible amount of adoption and interest in the cryptocurrency industry, leading to the increase in the development and investment of DeFi platforms. Following the spike of interest, the total value locked (TVL) across the cryptocurrency industry reached upwards of $230bn. However, hackers are catching on and beginning to target unaudited DeFi protocols with increasingly sophisticated attacks. Coin Rivet runs through the top five biggest cryptocurrency hacks faced in 2021: Poly Network – $611m The Poly Network hack in August was the biggest cryptocurrency exploit… ever! More than $600m in assets were stolen from the multi-chain protocol, including…

Bitcoin (BTC) is likely to end 2021 well below analysts’ target projections of $100,000. Kraken CEO Jesse Powell, who had also projected a $100,000 price target for Bitcoin, still remains bullish in the long term, but he does not rule out a sharp drop in the short term. One of the negatives that may add pressure to Bitcoin in the short term is the shift in the United States Federal Reserve’s monetary policy. On Dec. 15, the Fed announced that it would wind down its bond-buying program at a faster pace, and it also projected three interest rate hikes in 2022.Crypto…

Grocery retailer said that a press release announcing its plans to begin accepting Bitcoin Cash was fraudulent.By Richard Clough and Brendan CaseBloombergPublished On 5 Nov 20215 Nov 2021Kroger Co. said a press release announcing plans to begin accepting Bitcoin Cash was fraudulent, marking the latest apparent scam tying a major retailer to cryptocurrency. The statement appeared early Friday on PRNewswire, a service used by many large companies to make official announcements. Kroger’s investor-relations website automatically picked up the release, the grocer said. Media organizations including Bloomberg News published the information, and Bitcoin Cash briefly spiked about 5%. “This communication was fraudulent…

NEW YORK, Dec. 23, 2021 (GLOBE NEWSWIRE) — GiftChill (giftchill.co.uk), a cryptocurrency to gift card exchange platform, had a major purchase on its platform from one of the most popular meme coins in the world. After announcing its acceptance of Shiba Inu (SHIB), GiftChill received an e-gift card purchase from a SHIB Whale for $250,000.  Following the site’s move to allow its users to purchase using SHIB, the Shiba Inu Army began purchasing several other e-gift cards en mass; however, this is the largest purchase with SHIB to date. K.Lawson, the CEO of GiftChill, said, “I would like to thank…

VeChain receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is giving VeChain a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on VeChain! Trading Analysis The risk gauge…