Author: hotcrypto
Live news: Ethereum completes ‘Merge’ upgrade to expand crypto use Financial Times This news is republished from another source. You can check the original article here
The below is a direct excerpt of Marty’s Bent Issue #1261: “CPI Shocks the Markets.” Sign up for the newsletter here.The August 2022 consumer price index (CPI) print was released on Sept. 13, 2022, and it came in at 8.3% year-over-year growth, and shocking all of the talking heads who were certain that inflation was due to slow down as all of the demand destruction the Federal Reserve has been attempting to manufacture would begin to hit the markets. Markets did not react well to the higher-than-expected print with all major indices falling around 4-5% across the board. What’s worse,…
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to see gains and stood close to the $20,000 mark early Thursday morning. It appears that the effects of the US inflation data still have a strong hold over the prices of leading crypto coins. Ethereum (ETH) too, failed to impress in terms of gains, as its Merge is expected to take place today. Other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC), found themselves in the reds. The Terra (LUNA) token saw a drastic dip of nearly 35 percent following the news of Terra…
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At the height of the 2022 bull market, the Terra ecosystem was booming with talent and innovation. The native token of the Terra blockchain had made its way to the top-10 cryptocurrencies by total market capitalization. Protocols were building the next iteration of a super cycle that seemed like it would never end. Terraform Labs created Terra amid the crypto market crash of 2018 and built it all through the bear market. The Terra ecosystem’s main appeal and claim for glory came from their offer of the best yields in decentralized finance (DeFi), with up to 20% yield on its stablecoin…
‘How tables have turned’ is one of the most common phrases used in this ‘niche’ yet the emerging world of cryptocurrencies. USD Circle [USDC] witnessed the wrath of a dying utility after showcasing its will to rise to the #1 spot. So what went wrong for this stablecoin? Circle of life Circle’s stablecoin once rose to fame after it crossed Tether’s USDT by the number of daily transactions on the Ethereum [ETH] blockchain. It also registered a significant hike in its utility following the growing demand be it institutional or retail. However, things might have gone against the stablecoin as USDC continues…
The phrase “Web 3” refers to the next internet. Emerging technologies like blockchain protocols, smart contracts, cryptocurrency, artificial intelligence, and machine learning are at the forefront. But how about Web3 crypto coins? How are they distinctive from the other coins? With plenty of room for growth, the global financial systems topped $3 trillion in 2021. After the metaverse took the internet by storm, one of the new buzzwords in the cryptocurrency sector was “Web 3.0.” While web 1.0 and web 2.0 contributed to the development of the internet, Web 3.0 is more daring and emphasizes decentralization by empowering individuals to…
Were you into crypto before the Ethereum merge? Now, you can prove it with a “Proof of Merge” NFT.A pair of creative thinkers at Web3 firm Andreessen Horowitz have created a Proof of Merge NFT featuring metadata that dynamically evolves as the Ethereum merge unfolds.A16z engineering partner Michael Blau and crypto investments partner Mason Hall engineered the black-and-white “Proof of Merge” Ethereum NFT, which goes through three phases triggered automatically by its smart contract. Software developer Zachm.eth designed the front end for the project.The first phase of each Proof of Merge NFT displays before the merge and shows two separate…
Major coins were in the green Wednesday evening as the global cryptocurrency market cap rose 1.5% to $1 trillion at 8:20 p.m. EDT.Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD 0.3% 4.7% $20,264.02 Ethereum ETH/USD 4.4% 0.7% $1,644.77 Dogecoin DOGE/USD 2.6% 0.1% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Celsius (LUNC) +27.8% $1.87 Ravencoin (RVN) +12.01% $0.07 Ethereum Classic (ETC) +10.5% $39.20 See Also: Best Crypto Debit CardsWhy It Matters: Ethereum intraday gains outstripped that of Bitcoin hours ahead of “The Merge” — which transitions the second-largest cryptocurrency from a proof-of-work framework…
SPONSORED POST* BUY BIG EYES COIN NOW! DeFi, decentralized finance, is one of the emerging sectors in the crypto-blockchain industry, getting the larger part of funds that come into the industry. DeFi projects are funded by big companies with deep pockets, sending a message that the future belongs to decentralized finance. Big Eyes Coin (BIG) is a DeFi project with amazing potential to bring maximum returns to investors who care about tapping into wealth generation resources. It is built on a system that intends to simplify the essence of decentralized finance. Big Eyes Coin (BIG) gives investors the freedom to…