Author: hotcrypto

FinancialBuzz.com News Commentary NEW YORK, Aug. 19, 2022 /PRNewswire/ — The cryptocurrency market is ever-evolving and growing more complex. Now, government agencies are pushing for more regulations because of how popular digital currencies have become. According to the New York Times, cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation. Now, federal regulators are racing to address the potential risks for consumers and financial markets. Yet, digital currencies are more widely used than ever before. Just recently, Mercado Libre (MELI), Latin America’s largest e-commerce company by market cap, started rolling out its own cryptocurrency in Brazil.…

CHICAGO, Aug. 18, 2022 /PRNewswire/ — Inc. Magazine has revealed that Bitcoin of America is one of the fastest-growing private companies in America. Bitcoin of America is one of the leading operators in the cryptocurrency industry. The popular operator has won this award 2 years in a row. To date, they have around 2500 plus BTM locations across 31 states and are constantly expanding. Bitcoin of America recently reported significant growth this year. In January, the company had a total of 1,623 BTMs. Since, they have seen about a 54% percent increase in their numbers. They are even about to…

Valeria Blokhina Read U.Today’s crypto news digest to make sure you’re not missing any of the latest events in the industry! Take a look at what’s happening in the world of crypto by reading U.Today’s top four news stories. Shiba Inu (SHIB) on verge of massive breakout Despite having a massive run on the market and significantly increasing in value, Shiba Inu is now actively battling with a strong resistance level, trying to break the 200-day moving average resistance for the last couple of days. Unfortunately, the meme coin failed to do that and reversed back below $0.000016. Additionally, the…

The VeChain ecosystem is expanding at a fast pace. Their first decentralized exchange (DEX) and automated market maker (AMM) called VEX will launch their governance token with the same ticker next week on November 9th, 13:00 UTC. Related Reading | VET Breaks Major Trend Line, Why VeChain Could See Massive Explosion In addition, the team behind the DEX announced that they will rollout a yield farming program. To be deploy at the same time as the governance token, the yield farming program for the VEX/VET pair could offer users a new opportunity to maximize rewards. Launched in 2019, the VeChain…

On Wednesday, March 9, President Joe Biden released an executive order regarding cryptocurrency and how his administration intends to approach the rapidly growing industry in 2022. The executive order included these key components: • Examining the risks and benefits of cryptocurrencies. • Measurement of six critical components, including consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion, and responsible innovation. • Potentially exploring the options of creating a digital USD. The executive order takes a fundamentally positive approach toward cryptocurrency. However, after the release of this executive order, the question remains: Is mainstream adoption of cryptocurrency imminent in the…

Even with the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more specialist crypto funds being created as the digital asset class gains acceptance, according to PwC’s 4th Annual Global Crypto Hedge Fund Report 2022, produced together with the Alternative Investment Management Association (AIMA) and Elwood Asset Management (now part of CoinShares).   Of traditional hedge funds surveyed, 38% are currently investing in digital assets, compared to 21% a year ago.  Meanwhile, the number of specialist crypto hedge funds is estimated to now top 300 globally, with the pace of new funds…

Phantom, a Solana-based crypto wallet announced that it will allow users to start burning non-fungible-tokens (NFTs) to protect Solana users from crypto scammers. This comes weeks after the Solana blockchain was the victim of the latest crypto theft with thousands of users reporting their funds being drained without their knowledge. “Spam is a hard problem to solve. Bad actors are taking advantage of Solana’s low transaction fees to exploit iconic mechanics of web3, such as NFT airdrops,” Phantom wrote in a blog post. NFT airdrop often claims to give users a free gift NFT for which they have to click on…

The IOTA price slumped even early trading even after the Foundation became a member of the European Commission Blockchain Commission. The MIOTA price is trading at $1.7050, which is a few points below this week’s high of $2.4190. It has a market capitalisation of more than $4.1 billion.  IOTA and the European Blockchain Commission  The European Commission has been working on embracing Blockchain technology recently. And this week, the commission announced a group of seven Blockchain companies that will help it become deeply involved in the industry. Precisely, it will help the bloc to build the European Blockchain Services Infrastructure…

Cryptocurrency prices have fallen today as well. Crypto markets have remained in the red on Friday morning. The global cryptocurrency market cap has taken a hit and is down by 2.76 per cent from Thursday’s levels. Data from CoinMarketCap, a cryptocurrency data aggregator, showed that the global cryptocurrency market cap stands at $ 1.09 trillion, lower than Thursday’s $1.12 trillion. Cryptocurrency Bitcoin’s dominance stands at 40.25 per cent, an increase of 0.19 per cent over the day. The total cryptocurrency market volume over the last 24 hours stands at $61.56 billion marking a 16.11 per cent decrease.  Bitcoin, Ethereum and BNB Top cryptocurrency tokens…

Recipe for decentralised finance, or DeFi, for rookies South China Morning PostWhat is Defi? What Everyone Needs to Know about Decentralized Finance Investment UDeFi vs. CeFi in Crypto CoinDesk‘Real Yield’ Emerges As A New DeFi Trend The Defiant – DeFi NewsCrypto winter may be just what DeFi needs to grow and thrive Forkast NewsView Full Coverage on Google News This news is republished from another source. You can check the original article here