Author: hotcrypto
Ethereum (ETH), the second most valued cryptocurrency in the world, dipped below the $1,600 mark early Thursday morning, losing the bullish streak it saw after the date of Merge was announced last week. Bitcoin (BTC), on the other hand, is struggling hard to cross the $21,000 mark, remaining stable within the $20,000 range over the past few days. Alongside, popular altcoins such as Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) saw minor dips across the board. Among lesser-known cryptos, the UNUS SED LEO (LEO) token emerged to be the biggest gainer in the last 24 hours. At the time of…
The two largest coins rose over the last 24 hours on Wednesday evening as the global cryptocurrency market cap increased 0.7% to $976.6 billion at press time.Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD 1.2% -6.05% $20,082.73 Ethereum ETH/USD 1.8% -6.05% $1,557.15 Dogecoin DOGE/USD -0.4% -9.6% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Lido DAO (LDO) +10.4% $1.97 Chiliz (CHZ) +9.7% $0.21 Curve DAO Token (CRV) +8.2% $1.15 See Also: How To Get Free NFTsWhy It Matters: Ethereum’s intraday gains were better than Bitcoin’s at press time. Cryptocurrencies shrugged off the weakness…
Welcome to PYMNTS second series on decentralized finance, also known as DeFi. In the first series, we looked at what DeFi is, how it works, and the uses, risks and rewards that it brings. See also: PYMNTS DeFi Series: What Is DeFi? In this series, we’re going to look at some of the top DeFi projects — decentralized exchanges, lending/borrowing platforms, staking platforms — and see just what it is people are investing in when they go hunting for returns of 5%, 10%, even 20% or more APR. One thing to start with is that in DeFi, successful is measured…
What happened The crypto market was moving higher for most of the day on Wednesday despite the fact that the stock market was moving lower. There wasn’t any major news driving token prices upward, but there were small steps toward mainstream crypto adoption. Credit Suisse disclosed in a filing that it held $31 million in “digital assets” for clients last quarter and Binance froze a wallet related to a Russian gun manufacturer, which shows even the biggest exchanges are complying with international sanctions. As of 1 p.m. ET, shares of Coinbase (COIN -0.34%) were up 1.4% for the day after…
Dive Brief: The Financial Accounting Standards Board (FASB) Wednesday took another step toward setting new accounting standards for certain digital assets by narrowing the scope of the cryptoassets that the project will apply to, based on new criteria which leaves out nonfungible tokens (NFTs). The freshly outlined scope of the standard-setter’s high profile initiative comes roughly three months after FASB unanimously agreed to prioritize its project to improve the accounting for and disclosure of certain digital assets by upgrading the issue to its technical agenda. The unanimous decision was reached after staff reported during a board meeting that many stakeholders…
This week, Ticketmaster Entertainment, Inc. revealed the company will give event organizers the ability to mint non-fungible token (NFT) tickets via the Flow blockchain. Last November, Ticketmaster said it was working with Polygon but since Super Bowl LVI, the ticket sales and distribution behemoth started working with the Dapper Labs-managed Flow. Ticketmaster Has Minted More Than 5 Million NFTs Using Flow’s Technology On August 31, 2022, a sportsbusinessjournal.com report detailed that Ticketmaster will allow event organizers to issue NFTs using the Flow blockchain. Organizers will be able to mint NFTs before, during, or after an event and they can represent…
In a world where nothing seems functional anymore, especially in finance, there is a call to develop sustainable markets for income generation. So far, blockchain technology has done that. Users are provided with platforms that provide freedom and control over assets. This was virtually unimaginable a few years ago. Today, individuals can make massive profits from the comfort of their homes, transact value without restrictions and even develop themselves. Big Eyes Coin, FTX, and Litecoin are three cryptocurrencies buyers are keen to put their money into because of the offers they provide. Let’s have a look: Big Eyes Coin (BIG)…
Dogechain comes to the limelight as a brand-new blockchain, promising to make Dogecoin a useful coin. Launched on Polygon Edge, Dogechain gives its holders access to Web3 and DeFi on the Dogecoin blockchain. The outcome means that holders can write smart contracts, launch dApps, build blockchain games and even create non-fungible tokens (NFTs). Here is everything you need to know about this new chain. What is Dogechain? After its launch on August 13, 2022, Dogechain reported an impressive growth statistic, with over 20,000 wallets and 200,000 confirmed transactions in just 72 hours. Dogechain comes as an EVM-compatible blockchain developed using…
In a few years, cryptocurrencies have grown from digital novelties to trillion-dollar technology, holding an immense potential to disrupt the financial system. Cryptocurrency is now considered superior to traditional fiat currencies because it is not dependent on the federal government. However, cryptocurrency volatility and sudden price changes are other factors you need to keep in mind. The recent crypto market crash is a recent example of how unpredictable cryptocurrencies are. Mainstream companies across multiple industries have taken interest and invested in cryptocurrencies. https://join.adirize.com/register However, it is still a speculative and volatile investment. Decentralised finance (DeFi) is an immersive technology in the digital space. It does…
One of the reasons people are finding their way out of traditional banking is the rampant lack of security that is involved in it. The world of cryptocurrency offers security to the people who make use of it, almost every cryptocurrency network is built with airtight security to keep the assets of its users safe. Solana (SOL) and Immunicorn (IMU) are two networks that offer their users safety.Solana (SOL)Solana (SOL) is one network that boasts of its security. It is known to be one of the most secure cryptocurrency networks, along with its fast transaction time.This cryptocurrency has carved a…