Author: hotcrypto
Binance CEO Changpeng Zhao can only clap back at his accusers that his company is a Chinese “criminal entity.” With approximately 28.6 million members on its platform, the firm is one of the world’s largest crypto exchanges. Since its launch in 2017, it has been a key player in the cryptocurrency industry. In 2020, Binance reported a revenue of $1 billion. Additionally, the company has its own tokens, notably BNB and Binance USD. BNB was initially created on the Ethereum blockchain in 2017 and migrated to its own custom-built chain in 2019. Binance USD, as its name implies, is a…
Close up photo of bitcoin crypto currency in dark Whether or not they have a passive income, people always look for new methods to improve their wealth. Because it may be difficult to amass wealth over time through one’s work, not everyone can do so. One of two actions—investing or saving—is taken by people to build their wealth. It’s a good idea to save money, but due to the effects of inflation, the value of the money tends to decrease and can occasionally result in a loss. This is why many financial experts usually suggest experimenting with different investments like…
Bitcoinlfg platform App and Website is dominating Cryptocurrency Information & News Market Now a Crypto Media Giant Worldwide (ProNewsReport Editorial):- Dubai, United Arab Emirates Sep 3, 2022 (Issuewire.com) – Started in 2022 Bitcoinlfg is making its way to be a cryptocurrency Media Giant Worldwide. With Coin tracking and great user interface and hourly cryptocurrency updates and alerts. Bitcoinlfg is giving great competition to its Arch rivals. Bitcoinlfg can be the next big thing in the cryptocurrency space according to its CEO with 100,000+ Android application users already installed it on the Google play store known as Bitcoinlfg Professional Coin tracker Bitcoinlfg App and nearly 7…
Following a brief rally above $20,000 and $1,600 respectively, bitcoin and ethereum fell below these levels to start the weekend. The decline comes as momentum surrounding yesterday’s nonfarm payrolls report faded. Bitcoin moved closer to its support point of $20,500, while ethereum was trading close to its floor of $1,550. Bitcoin Bitcoin (BTC) was back below $20,000 to start the weekend, as prices of the token moved closer to a key support point. Initial bullish momentum following last month’s payrolls has seemingly faded, with markets gearing up an economic downturn. Although Friday’s figure of 315,000 jobs was better than expected,…
This week in coins. Illustration by Mitchell Preffer for Decrypt.The prices of crypto market leaders Bitcoin and Ethereum typically move together. But some weeks form an exception, and this was just such a week. Bitcoin, the No. 1 cryptocurrency in the world with a $380 billion market cap, fell another 2% over the past week and trades for around $19,860 on CoinMarketCap at the time of writing on Saturday morning. Ethereum, the No. 2 crypto asset with a market cap of $190 billion, rose a modest 3.5% over the past week and currently trades at $1,556. New data this week…
The Shiba Inu crypto was trending on Saturday after the cryptocurrency payment gateway, NOWPayments, integrated its Point-of-Sale (PoS) terminal with the SHIB token, and Shiba unveiled the first concept art of its metaverse dubbed WAGMI (We’re All Gonna Make It) temple. NOWPayments, a major player in the crypto payment sector, supports more than 50 cryptocurrencies, including eight stablecoins. The meme coin now has a use case. Thank you @NOWPayments_io for allowing $SHIB to be accepted via Point-of-Sale 👀🔥https://t.co/MUo30MvBsi — SHIB BPP (@ShibBPP) August 31, 2022 NOWpayments’ Point-of-Sale (PoS) terminal automates the cryptocurrency payment process. Its PoS terminal is completely…
Before cryptocurrencies, many investors, especially millennials saw gold and real estate as safe havens to store their worth. When crypto came into play, it gained traction slowly and steadily, and later, shot up to become a go-to option for many millennials. A report by Influencer Marketing Hub estimates that 67% of millennials now see crypto as a safe haven for their assets. Since the crypto craze of 2021 in which Bitcoin rose to nearly $70k in November, there has been panic buying and sell-offs in the crypto market. These trade forms came with varying magnitudes of sentiments which have continued…
Paul Krugman has been a scathing critic of bitcoin and other cryptocurrencies for at least a decade. The Nobel Prize-winning economist has called them pointless, wasteful, and virtually worthless. Krugman has also dismissed crypto as mostly a tool for criminals, and in large part a Ponzi scheme. LoadingSomething is loading. Paul Krugman has repeatedly criticized bitcoin and other cryptocurrencies, dismissing them as useless, wasteful, niche, and only valuable due to hype and speculation.Over the years, the Nobel Prize-winning economist and New York Times columnist has slammed the crypto industry for enabling criminals, complicating transactions, preying on vulnerable people, and operating…
As the cryptocurrency market is experiencing another crypto winter, it has become important for investors to make the most of the situation. The first thing investors need to do is to protect their capital, as cash is king. Without their capital, investors cannot take advantage of opportunities when they come their way. Additionally, investors should use this crypto winter to position themselves at the starting point of great moonshot projects. As the market is volatile and prices are low, investors can look for projects that are trading below their value and purchase them. Therefore, when the market recovers, they could…
Ether Is Up 3% After The 8:30 ET Release Markets surged after the release of economic data Friday morning that suggests inflationary pressures may be easing in the United States. The unemployment rate in the U.S. rose from 3.5% to 3.7% in August, according to the Labor Department, while employers added 315,000 jobs – fewer than the 526,000 they had added in July. “Overall, the release paints a less rosy picture of the jobs market than previously illustrated, which could result in the Fed slowing or reversing its rate hiking trajectory should unemployment continue to rise,” crypto market maker GSR said in…