Author: hotcrypto
The VeChain ecosystem continues to grow and recently saw the deployment of a new decentralized exchange (DEX). Called ZumoSwap, it was designed as an alternative to Vexchange, the automated market maker (AMM), and liquidity provision protocol already launched on this network. Related Reading | VeChain’s DEX To Launch Governance Token And Yield Farming Program In a Medium post, the team behind ZumoSwap addressed the questions most VeChain users must be making: why launch a new DEX when Vexchange is already functional? According to ZumoSwap, there is “something that doesn’t feel right” about its competitor. Inspired by Uniswap, the most popular…
December 14, 2021 – Mahé, Seychelles BitMEX, one of the world’s leading crypto derivatives platforms, is launching another high-return BitMEX EARN product today following a strong response from its users and the crypto community that saw them become fully subscribed. BitMEX EARN is simply better than other earn programs offered by competitors because of the following. The market-leading interest offered (current 14% APR is significantly higher than rival products). Its rates are fully backed by the BitMEX insurance fund, one of the largest in the industry with upwards of $1.5 billion. No staking requirements are necessary to receive the headline…
Different types of cryptocurrencies: 1. Bitcoin (BTC):Bitcoin was found in 2009, by satoshi namamoto, online version of cash with highest or largest market capitalisation. The first and most widely used cryptocurrency. The transactions of this currency are monitored under cryptography and Blockchain technology. This can be used as traditional currencies, alternative payments and transaction system. Bitcoin is the most useful cryptocurrency. 2. Litecoin (LTC): Litecoin was found in 2011, by Charlie Lee, refereed to as “silver to Bitcoin’s gold.” this currency transactions are much faster than the bitcoin transactions. This is a type of scrypt cryptocurrency, which is open source.…
Dan Morehead. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Smart contract protocol Polkadot’s DOT token and payments protocol Terra’s LUNA are the “most promising” tokens as we enter 2022, according to crypto investment fund Pantera Capital CEO & founder Dan Morehead.Speaking in an interview on CNBC this week, Morehead said that he is a strong believer in a multi-blockchain future, and that this is one of the reasons why he is so bullish on Terra.“I think we’re all coming to the conclusion that there won’t be only one blockchain in the future, there will be maybe 10 or 20 very…
Crypto has been many things in its short history. 2021 was the year it became part of the mainstream. Elon Musk tweeted about it, often. It was parodied on “Saturday Night Live.” Collins Dictionary dubbed “NFT,” the abreviation for nonfungible tokens, its word of the year. Institutional investors looked for ways to get in, and the first bitcoin ETF started trading. Individual traders bought crypto on their phones when they weren’t snapping up GameStop Corp. GME -4.47% About 16% of the U.S. population holds or has held cryptocurrencies, according to Pew Research Center. In 2015, Pew found that only 1%…
As the broader market continues its steady slump, Shiba Inu and IOTA see a breakdown below the 61.8% Fibonacci level. Moreover, Cardano bears breached the crucial $1.26-mark while the near-term technicals for all these cryptos demonstrated a bearish bias. Cardano (ADA) Source: TradingView, ADA/USDT ADA continued its bearish streak and formed a descending triangle on its 4-hour chart over the past five days. As the alt saw a 13.05% breakdown from the rising wedge, the price action steeply plunged to poke the $1.19-mark on 11 December. The bears retested the $1.26-mark (20-week resistance) four times before sustaining the price below that level.…
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says that Bitcoin (CRYPTO: BTC) will not be able to reach the $1 million mark as he thinks it will not surpass gold. He said that gold is still a preferable “store hold of wealth” since it has been “universally recognized as money” for thousands of years, remaining the third-largest holding in central bank reserves around the globe. Dalio was speaking on Lex Fridman’s podcast. Talking about the Dogecoin (CRYPTO: DOGE), Dalio said that Tesla Inc, (NASDAQ:TSLA) CEO Elon Musk’s effort to put the meme cryptocurrency on the…
Cryptocurrencies serve one purpose: Make the money go round without hindrances. In traditional setups, these obstacles are presented by payment processors. Intermediaries are keen on clipping a notable share of the principal amount as processing fees. The launch of Bitcoin, now worth over $1 trillion, inspired a new wave of innovation in finance. The platform’s market cap is projected to increase multi-fold in the days ahead. Introducing BixBcoin BixBcoin (BIXB) is a fork of Litecoin, designed to complement the world’s most valuable project. By forking from Litecoin, its creators were indirectly keen on rolling out a fully-functional platform mirroring the…
STATE COLLEGE, Pa., Dec. 14, 2021 /PRNewswire/ — AccuWeather, the world’s most accurate weather source, announced today that its wide range of world-class weather data insights including current temperatures, maximum and minimum temperature, and precipitation, are now available to blockchain applications through Chainlink, the industry standard oracle network. This marks the first time a major weather brand has arranged to accept cryptocurrency as a form of payment for weather services. AccuWeather’s official Chainlink oracle node delivers critical weather data to blockchain applications, powered by smart contracts, to create new products and markets, such as weather predictions, hedging markets, and dynamic…
Bitcoin (BTC) has been the uncontested cryptocurrency market leader since its creator launched the digital asset in 2009 and to date, it continues to be the dominant force in the industry. This truth was put on display on Sept. 6, when the price of Bitcoin rose to the $52,000 level and ignited a market-wide rally that lifted the price of small- and large-cap altcoins. When Bitcoin rallies, most of the legacy coins like Litecoin, Bitcoin Cash, XRP and Stellar tend to move in tandem. Now that BTC looks ready to test new highs, let’s take a look at how the so-called…