Author: hotcrypto

eCash XEC/USD and Chiliz CHZ/USD were the two largest gainers as the cryptocurrency market saw a massive drawdown last week. Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin declined 7%, 9% and 10%, respectively, in the last seven days.Top Gainers of Week Ending August 29, 2022 (Data via CoinMarketCap) Cryptocurrency 7-Day % Change (+/-) All-Time High Value/Date Reached % Change (+/-) Since All-Time High eCash (XEC) +42% $0.00038 On Sept 04, 2021 -86% Chiliz (CHZ) +11% $0.87 On May 13, 2021 -76% Huobi Token (HT) +8% $39.66 On May 12, 2021 -87.5% UNUS SED LEO (LEO) +4% $8.04 On Feb 02, 2022 -34% Litecoin (LTC) +0.70% $410.26 On May 10, 2021 …

Meme coins have grown in popularity in the cryptocurrency sector, and more dogs, puppies, and apes are joining the fray. Big Eyes Coin (BIG) introduces kitties into the mix with a purr-fect roadmap of action plans that are sure to excite you! And Tamadoge continues to WOW us, while Binance Coin (BNB), the cryptocurrency utilized by the Binance Exchange, remains strong. Source: freepik.comMemes have progressed from crypto hype to legitimate marketing techniques and real-world applications with financial and influential backing. Still, how did meme cryptocurrencies emerge, what is the frenzy around them, and why is the Big Eyes Coin (BIG)…

Key Insights: Lido DAO (LDO) and Synthetix (SNX) lead the crypto top 100. A crypto market decoupling from the NASDAQ 100 took place ahead of the US opening bell, with investors refocusing on crypto network news. An Ethereum (ETH) return to $1,500 has delivered support to LDO and the broader crypto market. Lido DAO (LDO) Stands Out in NASDAQ Decoupling After ending last week down 26.5%, Lido DAO (LDO) is on target to end a four-day losing streak. Reversing a 2.77% loss from Sunday, LDO is up 16.2% to $1.8446 with 3 hours of the Monday session remaining. A shift…

Photo by Chieko Hara U.S. Sen. John Boozman visited with leaders in the U of A law school and Blockchain Center of Excellence about the need for new tools to regulate digital commodities and safeguard customers and markets. U.S. Senator John Boozman (R-Ark.) visited the U of A campus on Monday, Aug. 22, meeting with leaders in the law school and the Blockchain Center of Excellence to discuss the need to deliver consumer protection within the crypto industry. Boozman’s visit kicked off his annual agriculture tour, a week-long highlight of Arkansas agriculture operations. He is the top Republican on…

In November 2020, Colorado banned gas flaring, venting, and the release of raw gas into the atmosphere. While the centennial state has a large number of well sites, a recent report shows that roughly a half dozen Colorado oil and gas companies are leveraging gas-to-bitcoin flare mitigation systems and these firms are raking in a lot of bitcoin. Report Shows at Least a Half Dozen Colorado-Based gas and Oil Firms Are Leveraging Gas-to-Bitcoin Mitigation Solutions On August 29, 2022, the Colorado Sun author Mark Jaffe reported on Colorado-based gas and oil companies teaming up with bitcoin miners and explaining how…

Bitcoin (BTC), the world’s oldest and most-valued cryptocurrency, showed slow signs of recovery early Tuesday morning following a massive dip that saw its value plunge below $20,000 over the weekend. Alongside, most of the popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) saw minor gains in the last 24 hours. Among lesser-known altcoins, the Lido DAO (LDO) token emerged to be the biggest gainer with a 24-hour jump of over 13 percent.  At the time of writing, the global crypto market cap stood at $979.87 billion as per CoinMarketCap data, registering…

Jerome Powell’s speech at the Economic Symposium triggered a bloodbath in Shiba Inu and Dogecoin. The dog-themed cryptocurrencies are struggling to recover from the slump.  Analysts have identified the specific market conditions needed for SHIB and DOGE to begin their recovery.  Shiba Inu and Dogecoin prices are struggling to recover from a slump after the recent bloodbath that hit the crypto market. The US Federal Reserve Chairman’s speech fueled the dip in dog-themed cryptocurrencies.  Also read: Bulls take Shiba Inu, Dogecoin price higher as financial leaders eye Jackson Hole Shiba Inu and Dogecoin prices struggle to comeback Dog-themed cryptocurrencies Shiba…

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has gained 0.32% to $0.02466949478. InvestorsObserver is giving VeChain a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on VeChain! Moderately Volatile InvestorsObserver gives VeChain a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.The Volatility Gauge analyzes meaning that one day won’t make or break its rank. VET’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that…

In another shift toward widespread crypto adoption in Argentina, citizens from the Mendoza Province can now pay government fees and taxes using cryptocurrencies.  In an Aug. 27 statement, the Mendoza Tax Administration (ATM) described the new crypto payment service as fulfilling “the strategic objective of modernization and innovation,” giving “taxpayers different means to comply with their tax obligations.” The service officially began operation on Aug 24., but at this stage, it will only accept stablecoins such as Tether (USDT) for tax payments. Citizens can pay through the portal on the ATM website using any crypto wallets like Binance, Bybit, and…

With the onset of the bear market, many short sellers have been trying to make a quick buck and are looking for a coin or a token to bet against. While betting against ETH and ADA may not be the best idea because of the upcoming Merge and hardforks, Polkadot does seem like the right fit. Polkadot may be a safe bet when it comes to shorting a cryptocurrency, as things haven’t been looking so good for Gavin Wood’s coin at the moment. One of the reasons for the DOT’s dark future could be its overall sentiment on social media.…