Author: hotcrypto
IntroductionCryptocurrency is a digital currency that is decentralized and not controlled by any government or central bank. It was created in 2009 by an unknown individual using the alias Satoshi Nakamoto. The transactions are recorded on a public ledger called a blockchain which can be accessed by anyone and is not censored or monitored by any central authority. It uses cryptography to secure transactions and control the creation of new currencies.The cryptocurrency market has been in a panic for the past few months. The prices of cryptocurrencies have been plummeting and people are starting to lose faith in the future…
Completion of the Merge upgrade will cause a 90% reduction in the issuance of ETH tokens. We have launched Cryptogram, an India-focused free weekly newsletter on blockchain tech, global crypto markets, and Web 3.0 technologies which promise to change our future. If you would like to subscribe to this newsletter, click here. You can read our past editions here. The upcoming Ethereum Merge upgrade, scheduled to occur on 15th of September, will be regarded as one of the biggest events in the history of any crypto asset. Considering the popularity of Ethereum among market participants and with billions of dollars…
Bitcoin Analysis Bitcoin’s bears rejected a bullish attempt to break out of the bearish control zone on the Relative Strength Index last week and since then bearish traders have absorbed the remainder of demand. The absorption occurred during the day’s final 4HR candle on Sunday as bearish BTC traders confirmed a bearish breakdown below $19,891. BTC’s price saw its lowest level in 42 days on Sunday and when traders settled-up at Sunday’s session close, BTC’s price was -$478.2. The first chart we’re looking at this week is the BTC/USD 1D chart below from twenty47crypto. BTC’s price is trading between the…
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The cryptocurrency market again fell below $1 trillion, valued at $997 billion at last check. Bitcoin, the king of crypto coins, is below the symbolic threshold of $20,000 for the first time since July 14. The fear that dominated the markets in May, June and early July is back. Investors figure that the economy could slide into recession as the Federal Reserve aggressively hikes interest rates to fight inflation, which is at its highest in 40 years.These fears have only intensified the volatility in the cryptocurrency market. From the beginning, the cryptocurrency market has seen bull runs, even euphoria, often followed by…
The crypto market is yet to recover from a spike in selling pressure over the weekend, with Ethereum and other cryptocurrencies almost reaching double-digit losses. Bitcoin has been one of the worst performers these past few days and might weaken during September. In the coming weeks, market participants will have their attention set on the Ethereum “Merge”, the event that will complete this network’s migration to a Proof-of-Stake (PoS) consensus. The narrative surrounding this event has allowed ETH’s price to lead the market in the past week. As a consequence, Bitcoin has been moving sideways with heavy price action. Data…
Coinme, a regulated crypto cash exchange that offers the easiest way to buy crypto with cash, has added support for Ethereum (ETH/USD), Chainlink (LINK/USD), Litecoin (LTC/USD), Dogecoin (DOGE/USD), Stellar (XLM/USD) and Polygon (MATIC/USD). The cash onramps for the six altcoins means users can now buy the coins with cash at all Coinme-enabled Coinstar kiosks in the United States, the company announced on Wednesday. The company, founded in 2014 and one of the gateways to cryptocurrencies, has previously only offered access to Bitcoin (BTC/USD). Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. “Different coins…
Today, Aug. 29, the signing of a partnership agreement between Binance and UAE business services provider Virtuzone on the company’s use of Binance Pay technology has been announced. Through Binance Pay, Virtuzone hopes to expand its range of services offered, as well as take its business operations to the next level. Who else benefits from this? Of course, all cryptocurrencies that participate in the Binance Pay program, including Shiba Inu (SHIB), which joined in early August, benefit from it. As U.Today reported back then, Binance officially included XRP, AVAX and SHIB as payment options via its service, Binance Pay. Now, companies…
If you want to accumulate wealth over time, a good to get started is by saving. You have to cut down expenses and invest in assets within your reach. Big Eyes Coin is a new cryptocurrency that you could invest in and get huge returns in the long term. Asides from Big Eyes coin, you could also buy valuable crypto assets like VeChain and Tron and get potential price boosts after the crypto winter. How can you cut down expenses and save more money? It is easier to spend money than keep it. For this reason, experts advise you to…
The pact reportedly directed Kyle Roche to sue crypto companies “gangster style” and distract regulators Roche has sued crypto companies including Solana and Binance Ava Labs’ CEO Emin Gün Sirer has denied allegations that the company paid off a law firm to harm competitors via class-action lawsuits and to distract regulators. CryptoLeaks claimed in a report on Friday that Ava, the core developer of the Avalanche blockchain, struck a secret pact in September 2019 with lawyer Kyle Roche. Under the alleged deal, Ava granted a 1% of the supply of AVAX tokens and a similar amount of equity to Roche…