Author: hotcrypto
What happened eCash (CRYPTO:XEC) was up 12.77% on high volume in the past 24 hours to $0.0002617 per token as of noon EDT on Tuesday. The coin is now the 31st largest cryptocurrency globally, with a market cap of $4.949 billion. It was previously known as Bitcoin Cash ABC (BCHA) and was created out of a hard fork of Bitcoin Cash (CRYPTO:BCH) last year, which is in itself a hard fork of the Bitcoin (CRYPTO:BTC) network. On Sept. 28, developers rebranded the coin into eCash with a redenomination of 1 million XEC per 1 BCHA. Image source: Getty Images. So what The technology behind Bitcoin…
As Bitcoin entered the $46,000-mark, the corresponding effects were witnessed in most altcoins as they struggled to counter the bearish force. As a result, Cardano, Binance Coin, and the Sandbox were trading in the red zone over the past day. Cardano (ADA) Source: TradingView, ADA/USDT While most cryptos relished an Uptober, ADA lost nearly 60% of its value since its ATH on 2 September. After a 13.05% breakdown from the rising wedge, the price action steeply plunged to poke the $1.19-mark on 11 December. Although the alt formed a descending triangle (yellow), the bulls retested the $1.26-mark (20-week resistance) four…
ETH 2.0 Staking Protocol ‘Rocket Pool’ Hits $360 Million TVL Within Five Weeks Since embraced staking, more options have become available through which investors are able to lock their ETH to earn rewards – one of such platform is ‘Rocket Pool (NASDAQ:).’ Rocket Pool sells itself as a next-generation decentralized ETH 2.0 staking pool protocol. On Rocket Pool, investors can deposit as little as 0.01 ETH and receive rETH liquid staking tokens up to 6.36% APR. Rocket Pool Hits $360 Million TVL in Just Five Weeks While being the first truly decentralized Ethereum 2.0 staking pool makes Rocket Pool an…
Benyamin Ahmed became involved with NFTs this year after hearing how one of his dad’s friends had bought one for $27k (£20k). NFTs are digital assets such as images with a unique certificate of ownership. He explained: “I instantly became fascinated that he was willing to spend this much money on a JPEG.” Benyamin had already been learning coding from a young age and began researching how to make NFTs and how they were traded. Benyamin started out making a selection of 40 Minecraft themed characters which he tried to sell through online marketplace OpenSea.Unfortunately, this first attempt didn’t sell…
Crypto wallet and exchange are platforms help with transactions of digital assets like bitcoin.New Delhi: After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.”Around half dozen offices of Cryptocurrency Service providers have been searched and massive Goods and Service Tax (GST) evasion has been detected by DGGI,” sources told ANI.Crypto wallet and exchange are platforms where merchants and consumers can transact with digital assets like bitcoin, ethereum, ripple, etc.According to sources, around Rs 70 crore worth of tax…
Litecoin (LTC), Low Volatility but Falling Tuesday: Is it Time to Cash Out? InvestorsObserver This news is republished from another source. You can check the original article here