Author: hotcrypto
Bitcoin price is showing signs of pausing its downtrend with growing hints of a recovery. Investors need to wait for confirmation, however, before getting more seriously bullish. Ethereum and Ripple await the big crypto’s cue to do the same. Ethereum funding rates are similar to the level observed in July 2021, ahead of a massive rally in Bitcoin and ETH. The funding rate – the difference between the perpetual contract prices and short prices of an asset – is a key metric to predict crypto trend reversals. Polkadot price is currently hovering around a crucial level that could result…
For the first time in history an NFT project has made it to the top spot trending on twitter in the MENA region. Newly founded Middle-East based project Crypto Arabs is making headlines with their NFTs. Crypto Arabs have already received significant media attention by announcing their partnership with the cartoon loved by millions, for 16 seasons – Shaabiat Al Cartoon. The pair will be turning the Arabic cartoon into an NFT collection for the first time. The NFT project attracted attention last month when announcing big players such as; Sheikh Humaid bin Khalid Al Qasimi and Princess Nejla bint…
Sports events and crypto have gone hand in hand in recent times. Earlier this year, the Super Bowl event was heavily sponsored by crypto firms, leading many to call it the “Crypto Bowl.” Another sporting event that has begun associating itself with cryptocurrency-related names is Formula 1 (F1), and the motorsport event has applied for two Las Vegas Grand Prix trademarks. Mike Kondoudis shared the news as he is a USPTO licensed trademark attorney. According to the trademark filing, F1 has plans for NFTs (non-fungible tokens), cryptocurrency, insurance & financial services, virtual clothing, sports gear, currency trading, and more. The…
Copper, the award-winning provider of digital asset custody, prime services and trading infrastructure to institutions, is proud to announce that it has become the first digital assets custodian to support decentralised finance (DeFi) connectivity with Solana, the high-performance public blockchain ecosystem. The ground-breaking integration with Solana provides Copper’s customers with the unique opportunity to connect with decentralized applications (dApps) in Solana’s fast and decentralized non-EVM blockchain ecosystem and enable them to transact securely under the protection of CopperConnect’s Multi-Party Computation (MPC) technology. CopperConnect provides seamless access to Copper’s DeFi vault with dApps. CopperConnect was launched in November 2020 as the…
In the last five months, authorities in Iran have arrested more than 9,000 unlawful crypto mining rigs in Tehran. Be[In]Crypto has gathered some of the most important stories from the past week in the crypto industry, just in case you missed them. Don’t forget to subscribe to our newsletter and get the weekly roundups right in your inbox! Ethereum merge Ethereum’s (ETH) developers have been expressing concerns about the network’s upcoming ‘Merge,’ a transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus. The merge is set to take place on or around Sept. 15 and will see the ETH network shift…
Teslacoin is a crypto marketplace that generates indications for day trading and may trade on behalf of its users. Users may trade four prominent cryptocurrencies on the website: Ethereum, Bitcoin, Cardano, and Ripple. Teslacoin is distinct from other cryptocurrency trading platforms in that user money is not held in dollars or Bitcoin. Traders’ funds are converted to Teslacoin when they put funds into their trading accounts. Since its inception, the value of Teslacoin has surged. As a consequence, traders who utilize the Teslacoin trading platform may earn from trading and the price increase of Teslacoin stored in their trading account. Profits…
At a time when Bitcoin hit the $47,000-mark due to a broader market sell-off, Bitcoin Cash and Cosmos dived below their long-term supports to poke their multi-month lows. Moreover, SAND witnessed over 20% losses but maintained its long-term uptrend. Bitcoin Cash (BCH) TradingView, BCH/USDT BCH had an impressive run from 30 September until the altcoin touched its nine-week high on 10 November. Since then, it started marking lower lows in a descending channel. After a down-channel breakout on 22 November, BCH continually fell and formed a descending triangle (yellow) in its 4-hour chart. After retesting the $544-mark support for nearly…
In today’s overview, we take a closer look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum might be down 9.1% this week, but it’s recovering well from the latest collapse. The cryptocurrency fell from above $1,800 last Friday and continued to decline during the weekend until it found support at the 50-day MA level. It rebounded from the 50-day MA and started to climb throughout the week. Yesterday, it found resistance at the 20-day MA level and the July 2021 lows around $1,700. Today, it continues to battle with this resistance. If ETH breaks $1,700, resistance is expected…
Several new Layer 1 blockchains like Solana, Cardano and BBN Chain have carved out their own space in the rapidly expanding Web3 ecosystem, posing a challenge to the layer 2 Ethereum blockchain. Says Pardeep Narwal, blockchain technology expert and founder of New Edge SoftSol Private Limited, an Infrastructure as a Service (IaaS) company, “With the advent of blockchain innovations, many blockchains are way faster, and have better scalability than the Ethereum network. This includes Solana, Cardano, and Polygon.” “The new blockchains work on different algorithms and have their own use cases. Besides proof of stake, proof of time and space,…
A Daenary’s and Co cryptocurrency ATM booth is pictured in Singapore, after the crypto ATM operator in Singapore said they have ceased crypto trading services on their five crypto ATMs to comply with Monetary Authority of Singapore (MAS)’s new guideline announced on Monday, January 19, 2022. REUTERS/Edgar SuRegister now for FREE unlimited access to Reuters.comRegisterSINGAPORE, Aug 29 (Reuters) – Singapore is planning to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies at a time when they seem to be “irrationally oblivious” about the risks, its central bank chief said.Ravi Menon, managing director…