Author: hotcrypto
Bitcoin (BTC), the world’s oldest and most-valued cryptocurrency, managed to remain stable at the $20,000 range on early Wednesday morning. Most other popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) didn’t register noteworthy changes in their prices over the last 24 hours. Among lesser-known altcoins, Lido DAO continued to be the biggest gainer second day in a row this week, with a 24-hour gain of nearly 14 percent. On the other hand, the Helium (HNT) token turned out to be the biggest loser. At the time of writing, the global crypto market cap…
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.As the cryptocurrency market makes a much-anticipated comeback and begins to display bullish features, meme coins battle it out for the top spots in a bid to settle, which generates the most laughs and income.Meme coins are quite a staple in the cryptocurrency realm. They have become a significant source of capitalization in the crypto market with a humble and somewhat intriguing origin story. And just like regular utility coins, meme coins have their top dogs, a prime example of which is Shiba Inu (SHIB). But a…
As mentioned in our last VeChain price prediction, the low volume breakout proved to be a fakeout. Consequently, the VET crypto price has entered into a downtrend once again. Once again, the price is trading within the $0.02-$0.027 range. This region has been acting as a great accumulation zone since June 2022. Cryptocurrencies are in a downtrend once again after the Hawkish remarks from US FED Chair Jerome Powell. The negative Bitcoin and Ethereum price action within the last few weeks have further increased the selling pressure. Due to the deteriorating macroeconomic situation, many analysts are of the opinion that…
The biggest news in the cryptoverse for Aug. 30 includes the FBI’s warning against using DeFi protocols, liquidation of $20 million in Bitcoin longs, and Tether’s fightback against WSJ insolvency claims.CryptoSlate Top StoriesFBI warns against DeFi after data reveals sector accounts for 97% of stolen $1.3B during Q1 The U.S. Federal Bureau of Investigation (FBI) has warned investors against using DeFi protocols due to growing cyber crimes. It highlighted that 97% of the $1.3 billion stolen in cryptocurrencies in 2022 were siphoned from DeFi protocols.The FBI, however, recommended that investors who wish to proceed with DeFi services should perform due diligence…
Cardano blockchain builder, Input Output Global, has continued with the expansion of its network of academic research bases while simultaneously promoting blockchain technology. CEO Charles Hoskinson announced Monday that the development firm behind Cardano will fund a $4.5M blockchain research centre at Stanford University over the next three years.Vision and mission of the research hubTim Harrison, VP of Community and Ecosystem, described the choice of the California-based university as ideal thanks to its excellency in academic affairs. Harrison noted that the goal of the research center is to help blockchain learners deliver innovative projects to advance the blockchain space. The…
New-age technologies that are witnessed today are transforming the world in several domains. The future that the brilliant minds imagined in the past is here and is leveraging the standards of living for the people. IoT, AI, AR/VR, and more are becoming a norm now and the Internet is ready for a new outlook with the introduction of Web3. Also, under the idea of the decentralised digital ecosystem, blockchain, metaverse, and cryptocurrency are gaining popularity among the masses. They are now well-versed in owning digital assets through immutable on-chain verification, smart contract, peer-to-peer transactions, etc. One such digital asset is…
•IOTA/USD is currently priced at $0.27 and has decreased by 1.38% over the past day •The trading volumes have increased by 12.66% over the past day •The technical indicators suggest a bearish outlook for the near term Short Term View: Will the IOTA Coin bulls be able to provide some respite in the near term? The IOTA price today is $0.276507 USD with a 24-hour trading volume of $8,461,001 USD. IOTA is down 1.38% in the last 24 hours. The trading volumes have increased slightly over the past day whereas the Volume to Market Cap Ratio stands at 0.01101 for…
Major coins traded mixed Tuesday evening as the global cryptocurrency market cap declined 0.8% to $973.7 billion at press time.Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD -1.3% -7% $19,963.73 Ethereum ETH/USD 0.3% -6.2% $1,548.52 Dogecoin DOGE/USD -3.3% -10.3% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Flow (FLOW) +5% $2 NEAR Protocol (NEAR) +6.5% $4.28 Nexo (NEXO) +3.5% $1.02 See Also: How To Get Free NFTsWhy It Matters: Bitcoin slipped below the psychologically important $20,000 level on Tuesday as it tracked a weak finish in equities. The S&P 500 and Nasdaq both closed…
In briefOptiFi, a Solana-based decentralized exchange, said on Monday that it accidentally shut down its program and that all funds are now inaccessible. Some $661,000 worth of USDC is now permanently locked within the program. OptiFi said that it will fully refund affected users. A single mistake in DeFi can have permanent and very expensive results—as the creators of a Solana-based protocol discovered this week. Options-trading decentralized exchange OptiFi announced on Monday that it had accidentally closed down its program on Solana’s mainnet, which means that all funds within the app are now permanently inaccessible. The damage? Some $661,000 worth of…
Bitcoin has been seeing a lackluster performance in the last couple of weeks, and crypto investors have responded in kind to this. After a couple of weeks of tethering above $20,000, the digital asset’s price had finally fallen below this important technical point, triggering outflows in the market. For the past week, institutional investors have continued to feel the fatigue in the market, so while there were outflows, they still remain quite muted. Bitcoin Loses $29 Million Bitcoin outflows have continued into another week. This has now brought outflows for the digital asset into three consecutive weeks with no signs…