Author: CryptoHoppers

Tornado Cash (TORN) price and defi total value locked (TVL) surged while the broader crypto market has been consolidating in bearish condition. TORN is up by 11.8% in the past 24 hours and is trading at $3.36 at the time of writing. The asset’s market cap surpassed the $17 million mark with a daily trading volume of $51,000. TORN is currently the 957th-largest cryptocurrency. TORN price – June 9 | Source: Santiment Moreover, the asset briefly touched an intraday high of $3.39 earlier today, at around 08:40 UTC. Despite the current price rally, TORN is still down by 99.23% from…

Share this article Evgeny Gaevoy, CEO of Wintermute, said if Ethereum fails in the future, it will not be because of technical shortcomings compared to competitors like Solana. Instead, the core issue is the contradiction in Ethereum’s leadership.“If ETH fails in the future it [won’t] be because ‘Solana is faster’, it will be because the [ETH] ‘elite’ is still stuck in a massive contradiction,” Gaevoy stated in a recent post on X.His remarks come as a response to the controversy that erupted following Vitalik Buterin’s critique of celebrity memecoins. According to Buterin, projects should aim to deliver societal value and…

Bitcoin Core’s Optech Newsletter #306 is recommending users to, “to upgrade to Bitcoin Core 25.0 or higher within the next two weeks, with the latest version being 27.0.” A new policy was discussed by several Bitcoin Core project members concerning disclosures of vulnerabilities. Low-severity vulnerabilities will be disclosed about two weeks after a new version […] Source link

Friday delivered a double whammy to the Bitcoin market, exposing the cryptocurrency’s sensitivity to the ever-shifting sands of global economics. The price of the digital asset tumbled below $70,000 after a perplexing US jobs report collided with a surprise interest rate cut by the European Central Bank (ECB). The leading crypto asset was caught in the crosshairs of conflicting economic signals and central bank maneuvers. The decline exposed the cryptocurrency’s vulnerability to the ever-changing tides of global finance. Jobs Enigma Jolts Market A seemingly positive US jobs report, boasting robust job growth, initially buoyed sentiment. However, the joy was short-lived…

This Blockchain Monthly Report for May 2024 provides a comprehensive analysis of the top layer 1 and layer 2 blockchains and offers you a clear understanding of the entire blockchain market. We perform a general analysis and an in-depth analysis, in which we analyse the selected blockchains’ economic activity, user interest, development, scalability, latency, cost, and market performance. We ensure accurate data and insightful analysis using trusted sources and advanced methodologies.   1. Blockchain General Analysis In the blockchain general analysis section, we evaluate blockchains using Total Value Locked (TVL) and Dominance indexes to identify the top five blockchains this month. To make…

As blockchain technology evolves, the need for seamless interoperability and efficient data access has become more crucial than ever. Enter Synternet, a groundbreaking blockchain that is set to revolutionize the way we interact with and utilize data across multiple chains. Just as the Internet connected isolated computers in the late 20th century, Synternet aims to bridge the gap between disparate blockchains, creating a unified and synchronized ecosystem that tears down the barriers of walled gardens. At the heart of Synternet lies the Data Layer, a protocol that serves as a customizable execution layer between all major blockchains. This innovative architecture…

India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The ED seized digital evidence, froze fixed deposits, and confiscated jewelry connected to the case. The investigation is still ongoing. ED […] Source link

The COTI treasury is an integral part of the COTI ecosystem, and crypto investors are eager to participate in it. The top management of the COTI ecosystem feels that the time has come to update the Treasury fee model. All gCOTI holders will be given a unique opportunity to vote on whether the new proposal needs to be executed or not. COTI holders will receive APY rewards on treasury deposits as a result of actions taken within the COTI treasury demand fees. The new Treasury model’s fees are comparatively lower, and the deposit fees are low for starters. A single…

Share this article Bakkt is considering strategic options, including a potential sale or breakup, according to an initial report from Bloomberg citing persons familiar with the matter. The move comes amid a surge in takeover activity within the cryptocurrency sector.The sources, who asked to remain anonymous due to the confidential nature of the matter, revealed that Bakkt has been working with a financial advisor to evaluate its options. However, no final decision has been made, and the company may choose to remain independent.Bakkt was launched in 2018 by Intercontinental Exchange, which owns several major futures markets and the NYSE. The…

Overview OpenSea: Can Art Change the War?Contract: EtherscanGross Revenue: ~$330k (100% profit to Ukraine) Project Summary “Can Art Change the War?” is a powerful charitable project developed in collaboration with JR, a renowned French photographic artist. The initiative coincided with JR’s feature on the cover of Time Magazine in April 2022. This project was designed to support Ukraine, raising substantial funds entirely through NFT sales and donations. Funding and Contributions: Platform: Ethereum Purchase Methods: Both Ethereum and fiat currency were accepted, with fiat purchasers receiving an airdropped NFT from the collection. Technical Details: NFTCulture’s Role: Provided a complete end-to-end technology…