Author: hotcrypto
Crypto exchange Gemini recently announced that it’s launching staking services for a bunch of Altcoins including Ethereum. The official statement read, “As of today, you can start staking MATIC on the Polygon network, Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Audius (AUDIO) support will be launched soon.” Staking, as such, is the process by which investors can fetch passive income for HODLing crypto assets. Staking service providers, on their part, used staked coins to enhance the security of the underlying blockchain networks. The market has been quite indecisive of late. Post US’s inflation numbers were out last week, the markets rallied. However, when the minutes of…
‘COMPLEX AND UNREGULATED’ Thirteen Italian museums recently signed deals with Cinello, a firm that sells limited edition digital reproductions, to offer ownership of digital replicas of masterworks. The buyer gets a unique, high-resolution digital copy to project onto a screen and a certificate from the museum, which gets half the proceeds. The company held a splashy London show in February displaying digitised works by Renaissance masters including Raphael, Leonardo and Caravaggio. It has since sold a handful of them. But the Italian culture ministry was reportedly irked that a replica of Michelangelo’s “Doni Tondo” sold for around 240,000 euros but…
Hollywood News – Crypto and Celebs: Well, by now, we are all accustomed to the ties that interlace Hollywood with the cryptocurrency industry. I mean, we all know about it. A big part of the “job” of being a celebrity is, in fact, to influence the public and to ultimately “sell” the “dream.” The connection between the prominent and powerful of the world, the general public, social media, and financial products or services are strong and everlasting. Whether we’re talking about tangible commodities or abstract fantasies, there’s always something to sell, there’s always someone willing to sell it, and there’s…
The total value locked in decentralized finance (DeFi) projects is hovering around $62 billion as of mid-August, down from a peak of over $250 billion in December 2021. Capital is fleeing the crypto space amid war, soaring inflation and whatever other surprises 2022 may still have in store for us.However, unlike previous crypto bull runs, it was not just retail interest that drew in this capital in the first place. Rather, major institutional players, which have recently opened up to crypto, quickly developed an appetite for the yields DeFi is known for. But now that winter is upon us, the…
Chainlink’s LINK token just delivered its most bearish week in the last four weeks after five consecutive days of downside. However, the sell pressure is easing off, raising the possibility of continued upside. This is further backed by multiple factors that align to increase the likelihood of bullish weekend ahead. The token has been on a bullish trajectory since mid-June after bottoming out from the sharp crash between April and June. This upside was cut short last weekend after encountering resistance at the same level where it encountered downward pressure in June. LINK on 18 August was down by roughly…
Vladislav Sopov Joshua Miller, former assistant of Input Output Global founder, warns about new scam campaign Contents Scammers impersonate Charles Hoskinson in social networksCardano (ADA) node ecosystem inches closer to Vasil hard forkJoshua Miller has shared a screenshot of a conversation that took place between a crypto enthusiast and a scammer that pretends to be Charles Hoskinson. Scammers impersonate Charles Hoskinson in social networks Input Output Global’s (IOG) NFT business lead Joshua Miller has taken to Twitter to warn the global crypto community about a novel scam campaign gaining steam. 🚨🚨 No @IOHK_Charles isn’t gonna message you on FB. 🚨🚨He doesn’t have an IG either. Don’t…
The professional American football team, Houston Texans, has become the latest National Football League (NFL) team to accept Bitcoin as payment for its single-game suites. The club said it had already made its first crypto sale after selling a suite to digital marketing agency EWR Digital. Single game suites are exclusive football viewing spaces in stadiums that accommodate a small number of fans who want access to unique benefits such as food and beverages and a preferred gameday experience. Houston Texans Partners BitWallet The development is part of a partnership deal with U.S.-based cryptocurrency platform BitWallet. According to the announcement,…
Decentralized finance (DeFi) is a flourishing industry with roots in the Ethereum blockchain. The older smart contract network’s inability to meet growing industry demands has seen users seek alternatives.The Kava blockchain is one of the top emerging crypto sub-space. The project integrates the adaptability and resourcefulness of Ethereum and Cosmos’s scalability and interoperability. Talk about a dual-core DeFi protocol.This beginner’s guide will touch on everything the Kava blockchain is and its use cases. We will also explore the best way and platform to invest in its native token, KAVA.Where to Buy Kava Network KAVAThis section is our top picks of…
The hope of a decentralized, open, free internet is in jeopardy right now. This is not hyperbole, FUD, or clickbait. Ethermine, the largest Ethereum mining pool, no longer produces blocks containing Tornado Cash transactions. This is likely due to OFAC sanctions and is an example of censorship at the protocol level.Crypto analyst, Takens Theorem, discovered that Ethermine has stopped processing Tornado Cash transactions and presented the chart below. CryptoSlate reviewed on-chain data and confirmed that Ethermine had not produced a block that included a Tornado Cash transaction during the timeframe shown below.If censorship resistance isn’t a goal, these networks can…
The Public Affairs Office of the Superintendent of Financial Institutions has announced an interim approach to crypto assets held by federally regulated financial institutions and will reduce contact with cryptocurrencies. The Superintendent of Canadian Financial Institutions, which is responsible for the supervision and regulation of banks, insurance, trust and loan companies, says that there will be a set of crypto asset classification conditions that the new rules will comply with. and establish limits on its use by banks and insurance companies. Certain conditions will include supervision of entities that perform the purpose of reimbursement, transfer or liquidation of crypto assets…