Author: hotcrypto
How has the NFT industry dealt with the fallout of the crypto market? What are some of the issues users had with OpenSea? How has the NFT industry dealt with the fallout of the crypto market? What are some of the issues users had with OpenSea? The story so far: The writing is on the wall for the crypto market. Popular cryptocurrencies have nosedived after a meteoric rise last year. Several crypto exchanges laid off a significant portion of their employees and lending platforms are struggling to remain solvent. Being part of this ecosystem, non-fungible tokens, or NFTs also took…
The primary motive of the top altcoins is to dethrone Bitcoin from the dominator of the crypto market and take its place. Over the years, numerous altcoins have risen to prominence and have contributed to major players in the decentralised market. Some of these altcoins include Ethereum (ETH), Cardano (ADA) and Dogecoin (DOGE). Almost all major altcoins fell when Bitcoin dipped too as there is an overwhelming correlation between Bitcoin and the other altcoins. Currently, several altcoins are outperforming Bitcoin in terms of price performance. Some of these altcoins are also on their recovery journeys and market observers are carefully…
3 Cryptocurrencies that are Destined to Revolutionise the DeFi Sector. Nothing in this content should be construed as advice, it is meant for informational purposes only. The growing interest in cryptocurrencies has revolutionised the traditional financial system. The immense growth of digital currency led to the birth of decentralized financial systems that are more effective than centralized banking systems. This turn in the financial world gave birth to many cryptos, and VertoChain (VERT) is relatively a new addition within the crypto space. Although many established cryptocurrencies are already in the market, people are still interested in newer coins. One reason might be…
Innovation is the driving force of the cryptocurrency market. New projects are introduced into the market every day. The best way to find out what you stand to gain from a crypto token is by checking through its utilities. If it has a strong use case, then it has the potential to do well. This piece will look at top crypto tokens with properly laid-out use cases – (SHIB), Chainlink (LINK), and Persystic Token (PSYS).Shiba Inu (SHIB)If you’ve been in the world of crypto for some time, you’ll have heard about meme coins. These cryptocurrencies are different from other tokens…
Cardano founder Charles Hoskinson says that the US government banning Tornado Cash sets a dangerous regulatory precedent. Earlier this month, the U.S. Treasury Department banned Americans from using the crypto mixing service, citing national security concerns as the agency claims the protocol has been used to launder $7 billion worth of crypto assets since 2019. In a new video update, Hoskinson tells his 315,000 YouTube subscribers that sanctioning code because it’s being misused could be a violation of free speech. “The protocol in developer understanding that we have as developers is that when we write code, it’s an expression. As long…
The bulls still had a gigantic task of altering the market perception to enable the king coin to reclaim crucial support levels. They needed to infuse funds on increased volumes to stall the speedy downturn. Bitcoin Cash continued to skew towards the bears while losing the $283-level. Contrarily, MANA and SAND saw exponential gains over the past week and formed reversal patterns on their 4-hour charts. Bitcoin Cash (BCH) Source: TradingView, BCH/USDT As the sellers gained thrust and initiated two major sell-offs since 5 January, bulls lost their vigor, and with it, the $387-mark. They upheld this mark for over…
Internet entrepreneur Kim Dotcom said that a “big crash” would help mainstream cryptocurrencies as an everyday medium of exchange, instead of fuelling speculative behavior. He spoke as cryptocurrency markets fell sharply on Friday, after a sudden sell-off. Bitcoin (BTC) dropped about 4% to $21,130, its lowest level in over three weeks. Ethereum (ETH), the world’s second-largest digital currency, tanked 9%, or $168, to $1,640. “The big crash is needed for crypto to go mainstream with utilization instead of speculation,” Kim, a self-proclaimed ‘Internet freedom fighter’, said on Twitter. “That’s when you unchain from the oppressors and freedom has the decentralized…
Benzinga has examined the prospects for many investors’ favorite stocks over the past week, here’s a look at some of our top stories. Wall Street’s rally of four consecutive weeks came to an end on Friday, as stocks took a sharp downturn. The S&P 500 finished the week lower by 1.21%, while the Dow was down by a slight 0.16%, and the Nasdaq saw the biggest weekly decline, closing 2.62% lower.Traders got jittery this week after the release of minutes from the Federal Reserve’s July meeting and comments from St. Louis Federal Reserve President James Bullard indicating that further rate increases by the Fed are likely in the near…
Imagine if one could measure a cryptocurrency’s demand level by the strength of its bounceback. Ethereum Classic would have been worth looking at then, especially after its 260% rally from its 2022 lows. the question, however, is – Can it carry the same momentum in its next recovery phase? Ethereum Classic’s press time price of $32.91 represented a 27% drawdown from its latest monthly top. This meant that it is still holding on to significant gains, when compared to its price action in June. The fact that ETC has only depreciated by a relatively small margin in the last 7…
Gold bug and economist Peter Schiff has warned that the seeming ease in inflation for the United States economy is nothing to get too excited about, as Shark Tank star billionaire Mark Cuban is facing a class action lawsuit for allegedly promoting a “massive Ponzi scheme.” In other news, JPMorgan CEO Jamie Dimon thinks “something worse” than a recession could be coming, and popular play-to-earn (P2E) blockchain game Axie Infinity hits $4B in sales and announces the removal of SLP rewards from classic mode. This is the Bitcoin.com News Week in Review. Peter Schiff Warns US Faces a ‘Massive Financial…