Author: hotcrypto

The Indian police have launched an investigation into Bitconnect and booked its founder after a bitcoin investor reported being defrauded by the global crypto “Ponzi scheme.” According to U.S. authorities, the scheme reached a market capitalization of $3.4 billion at its peak. The founder and his co-conspirators allegedly obtained about $2.4 billion from investors. Bitconnect’s Founder Wanted by Indian Police The founder of Bitconnect, one of the most famous fraudulent cryptocurrency investment schemes, is wanted by the Indian police in the city of Pune, Maharashtra, after the U.S. indicted him for defrauding investors. The Pune Police launched a probe into…

Ali Shahgholi/iStock via Getty ImagesThesis Summary Litecoin (LTC-USD), the faster, cheaper alternative to Bitcoin (BTC-USD) and a bigger brother to most other altcoins, was developed and launched by Charlie Lee in 2011, two years after Bitcoin was launched. Litecoin was one of the first altcoins. It was built from Bitcoin’s source code and is similar to Bitcoin in many aspects, which has led many to call it digital silver. Litecoin remains one of the few early cryptocurrencies still widely used today. Its low transaction fees and fast transaction confirmation on its blockchain have made it maintain relevance in the cryptosphere.…

BitPay, the leading crypto payment processor, has announced that holders of Shiba Inu (SHIB) and other crypto assets listed on the payment processing platform can now spend their assets with Gift Cards at “Best Buy”, an American multinational consumer electronics retailer. According to the report shared by BitPay on its official Twitter handle, customers can now shop and pay for electronic devices at Best Buy using gift cards. Read Also: Shiba Inu Lead Developer’s Response to a User Who Wants SHIB Price to Go Up The payment processor added that the new development will make payments in various digital currencies,…

VeChain announced that VIP-220 is now live on the public testnet on the network’s ecosystem and upgraded to a Proof-of-Authority consensus mechanism.VeChain is a layer-1 blockchain protocol that features smart contracts and has recently undergone numerous developments. Earlier today, VeChain announced that its public testnet had been successfully updated to include VIP-220. This upgrade will activate the Finality with One Bit, which allows nodes to be able to check the finality of blocks.A Great Push From VeChainVeChain’s main goal is to establish a decentralized, trustless, self-circulating, and profitable business environment by implementing blockchain technology. Previously, VeChain’s developing team announced that…

So far, Tether has only given the market transparency around exactly four days each year.Why it matters: Tether is the third biggest cryptocurrency in the world, with a $67.5 billion market cap, and it’s the most widely traded against the biggest cryptocurrencies, such as bitcoin and ethereum.And yet there have always been question marks around its underlying assets.Driving the news: Tether has brought on a new accountant, BDO Italia, a part of BDO Global, one of the largest networks of accountants in the world. Zooming out: Tether has been issuing stablecoins pegged to the price of the U.S. dollar since…

Shiba Inu has been one of the worst-hit in the crypto market retracement. Like any other meme coin, SHIB is highly volatile, following the hype, and once the hype had begun to die down, the price followed swiftly.  SHIB, which was once in the top 10 cryptocurrencies by market cap after a tremendous rally in 2021, has since lost its position. It made a recovery back to 12th place but has once again lost its footing after failing to hold an important technical level. Shiba Inu Slips To 13th Place Shiba Inu’s run-up to $0.000018 last week had seen its…

World of Women is the only top-25 collection attempting to confer intellectual property rights on their NFT buyers Yuga Labs is a $4 billion NFT company that owns 63% of the implied market cap of the top 100 NFTs Crypto merchant bank Galaxy Digital has studied the current NFT market and concluded that Web3’s promise of digital ownership and property rights “remains far off.”  Galaxy Digital reviewed licenses for top NFT (non-fungible token) collections such as Bored Ape Yacht Club (BAYC) and CryptoPunks for its latest report, “A Survey of NFT Licenses: Facts & Fictions,” published on Friday by the…

Reddit crypto trading pages are home to many different views on the reasons for the ongoing decline in the cryptocurrency markets and when it will end. Investors point out that this contraction emerged with unexpected data from global stock exchanges. As a result of the uncertainty created by this process, it is emphasised that the downtrend in cryptocurrencies has become inevitable. In addition, attention is drawn to the Terra (LUNA) crash, which has given investors difficult times. Cryptocurrency investors agree that the bear market is about to end. It seems that the downtrend, which is in its final stages, will…

NEW YORK, NY, Aug. 19, 2022 (GLOBE NEWSWIRE) — Trident Protocol is a company focused on DeFi innovation that creates benefits and value for Trident token holders. Trident Protocol provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of it’s unique TAP protocol. The Trident Auto-Staking Protocol (TAP for short) is a new financial protocol that makes staking easier, more efficient and awards $TRIDENT token holders the highest stable returns in crypto. TAP gives the Trident token automatic staking and compounding features, and the highest Fixed APY in the market at 382,945%…

Supontis Token is a platform built on the Binance Smart Chain to enable cross-chain bridging of assets within Ethereum, Fantom, Binance, and Tron blockchain networks. Bridging is a new protocol that enables interoperability, it allows easy and fast transactions between these blockchain networks. Most blockchain networks have some restrictions; for example, layer 1 networks like Solana and Avalanche were built with their protocol to enable higher output.   However, this feature came at the expense of decentralisation, and for other networks to meet the demand, it requires roll-up. Each blockchain uses different protocols that do not allow their respective assets…