HitBTC Official Blog

AI and big data projects, liquid staking protocols were the big winners last week. The hype around ChatGPT spilled over into crypto resulting in a crazy surge of investments in the tokens of AI and big data projects. GRT, the largest AI token by market cap, at one point gained

The overgrowing popularity of ChatGPT, a conversational AI-powered chatbot, has finally resonated in the crypto space. AI and big data blockchain projects have been around for a while, and all the tokens described in this article were available on HitBTC for at least the past year. However, with the recent

Last week’s main event was the meeting of the US Federal Open Monetary Committee (FOMC), which decides on US monetary policy, including interest rates. Last year, FOMC increased interest rates from 0,25% to 4,50% (425 basis points) in order to combat inflation, which reached a 40-year high

The market remained cheerful last week. The fear and greed index surpassed the highest point of 2022 and is currently in the green zone. The crypto market cap was firmly above $1.4 trillion for most of the week, and prices for the majority of crypto assets continued to increase.

The market rally continued during the past 7 days, resulting in the market cap firmly above $1.0 trillion and prices for most of the crypto assets in the green zone. See below for the market update and HitBTC platform news! In this digest, we kindly ask you to complete

As the crypto world got caught up in the market rally, an important anniversary was missed by many market participants. Fourteen years ago, on January 12, 2009, a first bitcoin transaction happened, when Satoshi Nakamoto sent Hal Finney, a well-regarded cryptographer and computer scientist, 10 bitcoins (BTC). It was impossible

Happy New Year! In this digest, we cover the crypto world in the past two weeks of Christmas holidays. Market indices and prices: * Fear and greed index is 25 today, which indicates Extreme Fear. The average for the past week was 26.4. * Crypto Volatility Index (CVI) opened today at

Merry Christmas! Past week was fairly quiet. The CVI is down (66.6 at press time), fear and greed index is flat (29) and total market cap has not changed from past Monday ($809 billion as of today). BTC and ETH prices remain nearly the same (0.3% and 2.

The cryptocurrency space has seen some better days. This year has been tough on everyone, including crypto investors: the fear and greed index has been stumbling on extreme fear and for most of the year the market was in bear territory. Regardless of how overwhelming it may feel, it is

Over the past week, the crypto market sentiment has ranged from deep fear to Christmas cheer. The week started with a market boost from positive US CPI data, continued with a successful auction of Mr. Trump’s hilarious NFT Christmas cards, but ended up on a negative side after the

The crypto market was in a moderately positive state last week. The prices of major crypto assets were relatively stable, as well as the crypto market cap. But the crypto winter continued to take its toll on major players, including Maple and Digital Currency Group, a parent company of Genesis,

Last week crypto markets evolved around discussions about regulations, the health of the US economy and financial problems of the three G's: Genesis, Gemini and Galaxy. On December 5th, we burned a new batch of 19,527,994 Hit tokens valued at $2.4 million. We determined the amount of

Crypto market is slowly recovering from the shock following the FTX fallout but the dust hasn’t settled yet. While last week’s main markets indicators improved, the current week has already started with another bump on the road. BlockFi, a crypto lender, halted withdrawals on November 10 and later

Blockchain gaming has been around since 2017, although back then, the networks were not powerful enough to support sophisticated gameplay. In recent years, when blockchain tech evolved and a few solutions to improving scalability emerged, crypto gaming started gaining more traction. In 2022, investments across the blockchain gaming space increased

Last week showed signs of market stabilisation after the panic following FTX demise. * Crypto volatility index (CVI) declined from the highest point of 125 on November 9, when FTX filed for bankruptcy, to 98 on November 26. * Total market capitalization continued to decline but at a slower pace. The market

In a modern world, the ability to pay for goods, services and transfer money worldwide is a vital necessity. Unfortunately, we see more and more restrictions implemented in that area, mainly due to political reasons but frequently also because of excessive compliance requirements. In a world where as a result

What's new on HitBTC * On November 7th, we burned a total of 22,633,768 HIT tokens (about 3 million USDT). We determined the amount of burn based on the HitBTC's October trading fees, as well as token price and market conditions. Transaction link * USDD stablecoin is back into Staking.

HIT token, is the foundation of the HitBTC ecosystem. It is used to provide incentives and rewards to our traders and active members in our community. On November 7th, we burned a total of 22,633,768 HIT tokens (about 3 million USDT). We determined the amount of burn based

Leverage is one of the basic trading concepts. Beginners rarely jump into leverage trading right away, yet learning about the opportunities it offers is essential for everyone. On the one hand, leverage increases position size by borrowing extra funds, which allows traders to earn significantly more than they would if

Yet another user-focused HitBTC update is already live. This time, we have added filters, so you can quickly find an asset and choose it on the market screen. Also, an extra protection layer is now enabled: if you try to send crypto to yourself by mistake, the app will automatically

Web 3.0 is coming, but it is not yet present in full force. While builders are making it happen, users can already dip their toes into the upcoming internet reality. Although the majority of the Web3 applications are still a work in progress and are likely to alter and,