Author: hotcrypto
“Computers are useless,” Pablo Picasso exclaimed more than 50 years ago. “They can only give you answers.” No doubt he would be turning in his grave at today’s alliance of computer programs, tech companies and digital artists clustering together to create non-fungible tokens (NFTs). It’s a quickly evolving and potentially very risky world for filmmakers, producers and others looking for new ways to raise funding but should be approached with caution, research and a good look at recent history. NFTs — in case you need reminding — are digital artworks and images, often carved up into bite-sized tokens, that rely on…
– Advertisement – Recently-launched blockchain platform Dogechain has launched its unique naming system based on its network. Dogecoin has seen massive growth in adoption over the years. The adoption rate was complemented by the launch of the untraditional layer-2 network Dogechain, which was aimed at enforcing the possibility of bridging over Dogecoin to use it for DeFi transactions. However, the Dogecoin team says they have no connection with dogechain. In a recent highlight of events, Dogechain has announced the launch of its naming system dubbed the Doge Name Service (DNS). An unofficial community-based Dogechain Ecosystem Twitter handle revealed the development…
DeFi remains the most exciting and fastest-growing economic sphere. However, it faces its greatest challenge to date. DeFi must evolve beyond its current state. It must become a useful tool and integrate itself within the larger financial framework instead of remaining a place where people that already own digital assets generate yield. This will remain a core function of DeFi, but to expand, it must provide value to the current legacy systems. DeFi desperately needs protocols offering tangible utility cases. A new social currency, Uniglo (GLO), provides exactly that and will bring a new batch of utility to DeFi, much…
Gamza Khanzadaev XRP contributes to inflows in crypto products with triple weekly increase Despite poor funds flows into crypto-oriented products, XRP has seen a three-fold increase in inflows, CoinShares reported. While the week before last saw a fund inflow of $100,000 into XRP-focused crypto products, this time it was already $300,000. XRP remains one of the few cryptocurrencies products that has continued to attract funds for the past six weeks. Despite negative market dynamics and the ongoing SEC v. Ripple litigation, with regulators’ plans to have XRP recognized as a security, the project continues to stay afloat. Funds inflows into…
Solana outperforms Ethereum in daily transactions in Q2: Nansen report Hype does not always equate to greater adoption, as the on-chain data from the second quarter of 2022 shows (SOL) surpassing in users’ daily transactions despite various drawbacks from both macroeconomic conditions and network outages. Throughout the second quarter, Solana’s daily transactions consistently increased, ending with more than 40 million daily transactions compared to Ethereum’s 1 million daily transactions between April and June, confirmed Nansen’s State of the Quarter Report. Solana vs. Ethereum daily transaction data. Source: NansenTop Solana DApps by transactions. Source: NansenDaily transactions on Solana. Source: NansenContinue Reading…
© Reuters BTC vs. ETH: Will Ethereum Still Outperform Bitcoin? Crypto expert thinks ETH is still outperforming BTC despite recent declines.BTC is currently trading at $18,689, down 6%.ETH is currently trading at $1508, down 8%.Scott Melker, a cryptocurrency analyst, recently took to Twitter (NYSE:) to convey his observation that he has seen a number of Bitcoiners celebrating Ether’s recent price falls. I see a lot of Bitcoiners celebrating the drop of price.Ok, fine, have at it. But ETH is still trading 50% above it’s lows, while is less than $1,000 above the June price, a few percent. ETH is wildly…
Source: Thought Catalog – Unsplash Greenpeace slams Bitcoin for its high energy consumption rate. Bitcoin advocate, Michael Saylor, defends Bitcoin’s energy use. After the success of the Ethereum Merge, nonprofit environmental protection firm, Greenpeace, has criticized Bitcoin over its high consumption rate. One of the reasons for the Ethereum Merge is to achieve a significant reduction in carbon emissions. According to Greenpeace, it has an ad budget of $1 million, which is geared towards the “change the code, not the climate” campaign. The campaign will be sets of new online ads seeking a change to Bitcoin’s code and reducing its…
In continuous efforts to bring awareness to the crypto space, India’s largest cryptocurrency exchange platform, WazirX on Monday launched another ‘Learn & Earn’ campaign in association with the Ethereum-based play-to-earn metaverse game, The Sandbox. The campaign will commence on September 19. Under the campaign, a two-level contest will be held where the top five winners will receive free Alpha passes for The Sandbox’s recently launched Alpha Season 3. Rajagopal Menon, Vice President, WazirX, said, “We intend to make learning about crypto fun and interesting experience for those new to it. This is precisely what we are trying to achieve through…
What happened Cryptocurrencies took a hit this morning as investors brace themselves for the Federal Reserve’s upcoming meeting this week, which is expected to end with yet another big rate hike. As of 10:41 a.m. ET Monday, the price of the world’s largest cryptocurrency, Bitcoin (BTC -2.53%), traded roughly 3.3% lower over the last 24 hours. At one point earlier this morning, the price of Bitcoin had fallen to a three-month low below $19,000 per token. The price of meme tokens Dogecoin (DOGE -4.33%) and Shiba Inu (SHIB -4.88%) traded 4.5% and 5.4% lower, respectively. So what The Fed will begin…
The crypto scene is growing and changing so rapidly that it can be hard to keep up. So here are five top picks to invest in this month. BudBlockz (BLUNT) BudBlockz is a fast-growing ecosystem and community built on the Ethereum blockchain. Its BLUNT token allows holders to buy, sell, and trade cannabis products. In addition, it supports those involved in the marijuana industry, such as farms, dispensaries, businesses, and investors. What makes BudBlockz so appealing is the opportunity to invest in both a cryptocurrency and the fast-growing cannabis sector. Those who hold the BLUNT token can play a role…