Author: hotcrypto

SPONSORED POST* Decentralized Finance provides a full spectrum view of financial services. With the old standard being loans, banking, and mortgages, decentralized finance has shifted the focus to contractual relationships and asset trading. However, the innovations of DeFi have repeatedly challenged centralized Finance in the financial system by taking power away from mediators and brokers and providing a direct link for buyers and sellers. The Big Eyes Coin (BIG) is a full community project that is DeFi based but also focuses on protecting the well-being of aquatic animals. However, this NFT-based project aims to shift wealth into the DeFi industry…

Be[in]Crypto takes a look at the five cryptocurrencies that increased the most last week, more specifically, from Sept 2 to Sept 9. These cryptocurrencies are:  Terra Classic (LUNC): 127.97%Ravencoin (RVN): 54.49%Cosmos(ATOM): 23.92%Ethereum Classic (ETC): 18.26%Chainlink (LINK): 15.00% LUNC LUNC has increased considerably since Aug 25. The upward movement has so far led to a high of $0.00059 on Sept 8.  The high was made at two important Fib resistance levels. The 4.2-4.61 extension of the initial upward movement (black) and the 1.61 length of waves one and three (white). Therefore, it is possible that LUNC will soon reach or has…

Cardano (ADA) creator Charles Hoskinson is warning that new recommendations by the US government do not bode well for Bitcoin (BTC) and other crypto assets. Taking issue with the recommendations of a new White House Office of Science and Technology Policy report that calls for the involvement of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DoE) to create evidence-based environmental standards for the responsible design of digital assets, Hoskinson says the proposals could result in an outright ban of Bitcoin. “[The] EPA and DoE are going to start talking to crypto companies to basically tell…

BitMEX co-founder Arthur Hayes believes that ongoing efforts to preserve the Ethereum Proof-of-Work (PoW) after the “Merge” event will be largely unsuccessful. The crypto industry veteran argues that an Ethereum PoW chain will “have no users” and suffer the same fate as earlier Bitcoin forks. Most Users Don’t Care About Consensus Mechanism Arthur Hayes shared his thoughts on a recent Unchained podcast appearance to discuss the Merge and other vital topics around the Ethereum network. Speaking on whether he expects a PoW Ethereum version to thrive post-merge, the BitMEX co-founder noted that Ethereum’s value comes from its users. Most of…

Binance Coin [BNB] has witnessed significant updates ranging from the stablecoin fiasco to maintaining its top five spots despite FUDs. Whatever the case, Binance enthusiasts and token holders backed the token without any hesitation. Could the latest development see the same picture? Whatever it takes to stand In the last 24 hours, BNB registered more than 6% gains. This made the altcoin one of the top gainers in the top 10 crypto-list by market capitalization. But what could have triggered this rally within the short-term period? Binance released an interesting array of technologies in the past couple of months. Here’s…

Ethereum (ETH)-competitor Cosmos (ATOM) is surging as the crypto markets spark a comeback led by the leading digital asset Bitcoin (BTC) and a handful of metaverse tokens. Cosmos, which is a layer-1 blockchain, rose from a seven-day low of $11.67 on September 6th to $16.54, a staggering 41.7% increase. ATOM has since stabilized and is changing hands for $16.09 at time of writing, a 21% increase during the last day. Metaverse tokens are also riding the rising crypto wave as ApeCoin (APE), the native token of the Bored Ape Yacht Club community, surged nearly 15% on the day. APE rose…

In briefTerra’s LUNA has climbed 166% in value today, as of this writing, following a sizable rise for LUNC (LUNA Classic) this week. The original Terra ecosystem collapsed in May. LUNA Classic is the original coin, while LUNA is a new coin from a rebooted blockchain network. The twin collapses of Terra’s UST stablecoin and LUNA cryptocurrency are widely blamed for at least partially causing May’s market-wide crypto crash, resulting in a cascade of crumbling crypto valuations. But after all the turmoil—believe it or not—the rebooted LUNA and the rebranded LUNA Classic (LUNC) have both skyrocketed in recent days. LUNA…

Source: AdobeStock / SeventyfourBlockchain developers have slowed down their contributions to top crypto projects amid the lingering market downturn, with Bitcoin and Ethereum experiencing a decline of over 30% in developer activity over the past three months. According to dev activity tracker platform GokuStats, developers made a total of 12,200 commits, which is the smallest unit of work for developers, to the Ethereum network during the last week of August, nearly flat in one month and down by over 30% in three months. Furthermore, as the leading and strongest crypto community, Ethereum had 1,850 weekly developers for the week ending August 27. This…

Litecoin price hovers just below a descending trend channel established in February 2022. Litecoin price shows fewer transactions amidst the current uptrend move than the previous decline. A breach above the $64 level could be the catalyst  to a rally targeting the 2000-week moving aveage at $100, Litecoin price could make a run for the 200-week moving average at $100. Still traders should wait for more confirmation or be subject to a smart money trap. Litecoin price is too early to call  Litecoin price currently auctions at $60 as the crypto market is witnessing an applaudable rebound on Friday, September 9th. Litecoin…

Even though the concept of cryptocurrency is nothing short of innovative genius, one must admit that one of the most impressive types of coins has to be meme coins. While their existence stemmed from what many deemed a joke (hence the name ‘joke currency’), there is nothing remotely humorous about the level of success meme coins have acquired over time. Memecoins have not only built an empire of wealth online but also created kingdoms offering many a place of solace where they can find similarities among themselves and at the very least a community to laugh with, which is why…