Author: hotcrypto
Registering an 8% price uptick in the last seven days, Bitcoin Cash’s [BCH] significant positive correlation with Bitcoin [BTC] might have been the factor responsible for the asset’s failure to log double-digit gains in the last week. The price of the king coin itself grew by just 10% within the same period. According to data from OKLink, BCH has just clinched its highest mining difficulty level in the past three months. At press time, this was pegged at 185,826.29. Source: OKLink However, despite this significant milestone, the decline in the price of the coin and other significant on-chain metrics sent…
You must choose the correct mixture of tokens to balance your portfolio if you want to see greater returns on your crypto investments. Finding the ideal token for investment purposes can be challenging for a novice investor, given the current abundance of coins on the market. Three cryptocurrencies that have the potential to yield significant gains in the future have been narrowed down for your benefit. Our shortlist consists of three coins: Flasko (FLSK), Cardano (ADA), and Binance coin (BNB). Continue reading to discover more about these cryptocurrencies and how investing in them might help you.Cardano (ADA) – positive price…
Many analysts and experts pass comments on Proof-of-Work and Proof-of-Stake mechanisms about their mining profitability. Recently, the ethereum ethereum Blockchain NetworkTechnology Followers : 0 View profile Co-Founder Vitalik Buterin argued that the PoW mechanism is currently punishing miners with lower hash power. PoW Hash Power Declines The merge from PoW to the PoS mechanism will greatly impact miners as the hash power of Proof-of-Work (PoW) continues to decline. Although the PoS promises better energy efficiency and better output, the Proof-of-Stake consensus mechanism and Proof-of-Work consensus mechanism have become the main topic for experts and analysts for a long time. PoS rewards aren’t “yield”,…
A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay competence over cryptocurrency assets, modifying its organic charter, and introducing the Superintendence of Financial Services as the organization to oversee virtual asset service providers. Uruguayan Executive Power Proposes Crypto Bill The executive power in Uruguay has presented a bill project to the parliament of the country with the objective of clarifying how cryptocurrency asset-related activities will be regulated. This, if approved, will be the…
The crypto market has been performing quite well in the past week. Most cryptocurrencies are up, as Bitcoin managed to regain its +$22,000 territory. Ethereum’s merge might have been a strong contributor to the positivity in the crypto market, however, there are other factors that helped in pushing crypto prices higher. In this article, we’re going to go over the top 3 bullish crypto news that are also helping green prices. Who knows, they might also cause a ripple effect higher, see what we did there? 😉 The Crypto Market is UP – What Happened? The crypto market reached its…
New York, Sept. 12, 2022 (GLOBE NEWSWIRE) — RamoX, a recently released product from Bitramo, is now the most powerful crypto miner in the market. Powered by extraordinarily high hash rates, this mining hardware has taken mining profitability to a new level altogether. In addition to RamoX, Bitramo also offers Ramo 1 and Ramo 2 miners. All Bitramo miners can be used for mining Bitcoin, Litecoin, Ethereum, and Monero. Bitramo is a crypto start-up run by a team of experienced technology experts dedicated to making crypto mining simple and profitable like never before. Though all the Bitramo miners are extremely powerful, RamoX…
The upcoming Ethereum Merger has induced a significant bullish momentum in the entire crypto space. Bitcoin price has surged beyond $22,000 while the ETH price is approaching $1750 levels. Many other altcoins like Solana (SOL), Polkadot (DOT), Avalanche(AVAX), etc have jumped notably. Conversely, the popular meme coins, Dogecoin (DOGE) & Shiba INU (SHIB) continue to trade around the break-even prices. Dogecoin(DOGE) Price The Dogecoin price continues to trade within a huge bearish triangle with depleted buying volume in the longer time frame. While in the short term, the asset has been displaying acute strength after a fine rebound from the lows at…
Source: Akarat Phasura – Shutterstock This means VeChain would be shown to around 900 million TV households in 175 countries. According to Sunny Lu, co-Founder, and CEO of VeChain, the partnership is the beginning of long-term collaborations to change the world. UFC, the world’s premier mixed martial arts organization, has sealed a rare partnership deal with VeChain, the leading global sustainability-focused blockchain foundation. The decision is a groundbreaking one as VeChain becomes the first ever official layer 1 blockchain partner for UFC. As captured in the deal, the official fighter rankings titles of UFC would be owned by VeChain. In…
The NEAR Protocol has been eventful for a long time. Today, Tether has launched its USDT stablecoin on NEAR protocol, a layer 1 network that enhances scalability and usability. With this launch, NEAR will be the 13th network to circulate USDT after Ethereum, Solana, Algorand, Avalanche, Polygon, Omni, Tron, EOS, Liquid Network, Tezos, Kusama, and Bitcoin Cash’s Ledger Protocol.NEAR Adopts The Leading Stablecoin USDTTether Operations Limited is the company behind operating the blockchain platform tether.to that supports and distributes widely favored and used stablecoin USDT. According to a press release, Tether has launched its coins pegged to the U.S. dollar…
Meme coins Dogecoin, Shiba Inu, Luna Classic and SafeMoon have witnessed a spike in their social dominance and popularity. Social dominance spike is a key bullish indicator for these meme coins as it coincides with their local tops. Analysts retain their bullish outlook on Shiba-Inu-themed cryptocurrencies Dogecoin and Shiba Inu, as meme coins approach their resistance levels. Shiba-Inu-themed meme coins DOGE, SHIB, Luna Classic LUNC and SafeMoon have witnessed a spike in their social dominance over the last few months. Analysts expect the meme coins to hit their local tops, as their popularity among crypto traders increases. Also read: Dogecoin…