Author: hotcrypto
With Bitcoin’s price bottoming below $20K in June, the worst days of the Crypto Winter are over, according to Ran Neuner and Steven Sidley, who joined Kitco’s Editor-in-Chief and Lead Anchor, Michelle Makori, in a panel discussion. “We’ve hit the crypto bottom,” said Neuner, Host of Crypto Banter, a popular crypto-themed podcast. “Crypto suffered one of the biggest liquidations we’ve ever seen. We had the LUNA ecosystem collapse, which is a $100 billion ecosystem, which caused a cascade of liquidations throughout the market.” Sidley, Professor at the University of Johannesburg and Head of the university’s Blockchain…
The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be PoW tokens, which is a stark contrast to the top ten nine years ago. The PoS Age Begins: Proof-of-Work Crypto Assets Disappear From Top Ten Market Cap Standings This year, for the first time in crypto history, three stablecoins entered the top ten largest market cap positions. During the first…
Ethereum blockchain introduced programmable smart contracts to the crypto world when it launched its Ethereum Virtual Machine platform in 2015. Via EVM, developers can mint ERC20 tokens and create decentralized applications such as decentralized finance (DeFi) apps. Finding where to start when exploring the cryptocurrency market today can be challenging. The Ethereum blockchain is future-proof with a large and engaged community of users and developers, and its underlying open source architecture is highly robust. However, even limiting your search to ERC20 tokens there are over 2,900 tokens minted on the Ethereum blockchain and counting. We’ve put together a time-saving list…
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Since the beginning of 2022, VET has been on a steady downtrend. This decline can be attributed to the crypto-winter. According to data, the altcoin, at press time, was trading at $0.029, down 6% over the last 24 hours. In fact, the market capitalization stood at $2.3 billion with $98 million traded over the aforementioned period. The idea of buying into a crypto because it costs a fraction of a dollar is tempting, but…
Following the collapse of Terra and its ecosystem, there is a considerable reduction of confidence in stablecoins, especially Tether. Most participants in the crypto space have increased doubts about the level of stability with stablecoins. While many are treading more caution on most projects, some have made a complete back-out. That’s why the pressure has risen on some of the top stablecoins. Investors have been demanding more transparency in the reserves that back them up. Tether USDT is the leading stablecoin and has received several demands to disclose its reserve to the public. In a recent development, Tether has finally…
A popular analyst is digging into the charts to update his price targets for a handful of leading crypto assets. Michaël van de Poppe first tells his 622,600 Twitter followers that he’s keeping a close eye on support levels for scalability and interoperability ecosystem Cosmos (ATOM), which recently gave up gains from the latest leg of an extended rally dating back to mid-June. “At massive levels of support here, which is reasonable for long entries. If this one is lost, I’m looking at $8 next. Holding here = potential trigger towards $18-20 in the coming month.” Source: Michaël van de…
The downfall of the NFT market in recent weeks has been well-documented. Some market sceptics have even gone on to say we are currently in the midst of a “likely first NFT bear market”. One blockchain expert claims that NFT floors are likely to fall as a result of Bend DAO liquidation. He further says that the “NFT market is dry rn (right now)”. This is evident in the fall of BAYC’s floor price which has seen a drop by 18.18% over the past month as shown below. Source: CryptoSlam However, LunarCrush reports on an uptrend in social metrics for…
More than $600 million was liquidated from crypto markets on Friday as Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD shed over 10% of their value in a single day.What Happened: Around 132,400 traders were liquidated in the last 24 hours as a result of the negative price action, as per data from CoinGlass.The single largest liquidation order took place on Binance on an ETHUSDT pair worth $4.41 million.Bitcoin BTC/USD traders were the worst off with $224 million of liquidations, followed closely by Ethereum ETH/USD traders who lost $212 million in the last day. In both cases, over 90% of liquidations took place in long positions. Dogecoin DOGE/USD also recorded a considerable amount of liquidations on…
The Securities and Exchange Commission (SEC) of Thailand has issued a statement asking crypto investors in the country to be careful with DeFi transactions. The SEC said that they are risky and do not fall under the supervision of the country’s regulators. The regulatory authority said that DeFi services are gaining popularity, especially those offering deposit taking and lending services. However, “any DeFi transaction carries a number of risks, including the risks from the products and services which can be complicated,” the statement noted. The SEC cited several risks such as overleverage, or exploitation by service providers. They also warned…
Uniglo (GLO), Chainlink (LINK) And Uniswap (UNI) Remain The Most Bullish Projects On Ethereum (ETH) Network Cryptopolitan This news is republished from another source. You can check the original article here