Author: hotcrypto

Discussing the development of film infrastructure services using blockchain and NFT technologyTOKYO, Aug. 31, 2022 /PRNewswire/ — Short Shorts Film Festival & Asia (SSFF & ASIA), one of the largest international short film festivals in Asia accredited by the US Academy Awards®, had an Online Seminar “NFT and Cinema” on July 26th. SSFF & ASIA introduced a film called “The Rhetoric Star” at the festival award ceremony in June. It is a film about the dark secrets and expectations regarding Cryptocurrency. We also announced the concept of the NFT Global Cinema Market, a collaboration with Visual Voice Inc. NFT and…

The CNBC Mad Money host stated that the Fed won’t stop raising rates until all speculative assets are “washed out.” Crypto investors didn’t heed Cramer’s previous warning about Coinbase. Following the Fed’s tightening cycle, CNBC’s Mad Money host, Jim Cramer, has issued a stern warning to crypto investors. Cramer warned crypto investors to steer clear of cryptocurrencies and other speculative assets. His warning comes after the Fed’s recent rate rise to curb the inflation spike in the US. According to Cramer, the best explanation for the Fed Chair’s speech last Friday is that Americans should dump their risky assets, which…

© Reuters Uniglo (GLO) Vault Brings More Value to DeFi Than Protocols like ThorChain (RUNE) and Neo (NEO) The term decentralized finance (DeFi) has become ubiquitous over the last two years, as more and more financial institutions and service providers seek disintermediated pathways to deliver their offerings to the public. Indeed, DeFi is an exciting corner of Web 3.0 that has a bright future ahead. And one up-and-coming project – Uniglo (GLO) is expected to make its contribution toward that future by bringing unique value to the DeFi landscape. What is the Uniglo (GLO) Vault? Uniglo is a new DeFi…

Uniswap (UNI/USD) has shown some increased bullish activity in the past two days after a week that was largely bearish. Although there are no major news announcements around the UNI token, there has been a beehive of activities on the Uniswap decentralized exchange (DEX). Uniswap is ranked among the best-decentralized exchanges and it has been making huge waves within the crypto market recently, especially within the decentralized finance (DeFi) space. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Uniswap’s volume The trading volume on Uniswap has shown some tremendous growth in the previous…

Cryptocurrency Price Today: The global cryptocurrency market on Wednesday, August 31, recovered a bit from the US Fed’s chief’s hawkish views on inflation and suggestions of a possible rate hike. The global cryptocurrency market on the day was trading marginally higher by 0.28 per cent, and scaled $996.44 billion at the time of writing this article, data from CoinMarketCap showed. Bitcoin, Ethereum, Polkadot and other major cryptocurrencies recovered from their initial shock and traded in green. Bitcoin price today at the time of writing this article was $20,409.53, up by 0.03 per cent over the past 24 hours, data retrieved from CoinMarketCap showed. In the past…

Over the past 24 hours, Bitcoin Cash’s BCH/USD price has fallen 4.94% to $112.99. This continues its negative trend over the past week where it has experienced a 15.0% loss, moving from $132.99 to its current price. The chart below compares the price movement and volatility for Bitcoin Cash over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the…

Cryptocurrency exchange Nexo announced this Aug. 30 the allocation of another $50 million to execute discretionary and periodic buybacks of its NEXO token on the open market. According to the company’s statement, this would be the second time the exchange has invested money in repurchasing its tokens this year. The first time was in May when they announced the repurchase of $100 million in NEXO tokens. Nexo Wants to Demonstrate its Liquidity Antoni Trenchev, co-founder and managing partner of Nexo, said the allocation of this $50 million demonstrates the “solid liquidity position” the company maintains in times when many cryptocurrency…

Ethereum investment products increased by 2.36% to $6.81 billion in assets under management (AUM) throughout August, outperforming Bitcoin products which saw a 7.16% drop off to $17.4 billion. The figures were contained in a new report by CryptoCompare. This was also reflected in the Bitcoin (BTC) and Ethereum (ETH)-product trading volumes, with Grayscale’s most notable Bitcoin product, GBTC experiencing a 24.4% drop in volume, while its Ethereum product, GETH actually increased 23.2%. CryptoCompare’s report suggeste the highly anticipated Ethereum Merge was the cause behind the change in trading volumes: Indeed, even at a more granular level, no Bitcoin products covered in…

Ethermine, the world’s largest Ethereum mining pool, announced the launch of a staking pool service for users today. The service, Ethermine Staking, will permit users to contribute funds as low as 0.1 ETH to a massive pool of user contributions that will be collectively staked to create and earn new ETH, once the much-anticipated merge transitions Ethereum to a proof-of-stake model next month. Ethermine Staking will not, however, be available in the United States.  Currently, new ETH is created via proof of work, an energy-intensive process in which miners direct huge amounts of computer power at difficult-to-solve puzzles. Ethermine allowed…

The world’s biggest cryptocurrency can’t seem to catch a break. It finally looked to be regaining strength this month, breaching $25,000 for the first time since its June collapse, only to relapse towards $20,000. A deflating end to August has forced the market to confront the Big Bitcoin Question: where will a real rally come from? Right now, doughty retail investors are looking like the most likely source of relief, as institutional players get cold feet in the midst of a macro maelstrom. The amount of “illiquid bitcoin” across the market – held by wallets that rarely spend or sell…