Author: CryptoHoppers

Share this article Spot Ethereum exchange-traded funds (ETFs) have seen several developments this week following listing approval on May 23. The most remarkable is that Cathie Wood’s ARK Invest suspended its spot Ethereum ETF plans. An ARK spokesperson stated in an email that it would seek better investor opportunities.“At this time, ARK will not be moving forward with an Ethereum ETF,” the spokesperson stated. “We will continue evaluating efficient ways to provide our investors with exposure to this innovative technology in a way that unlocks its full benefits.”The comments follow 21Shares’s updated S-1 form for its Ethereum product, which no…

Overview OpenSea: Moonray: The Foundation CollectionContract: EtherscanGross Revenue: ~$530k Project Summary “Moonray: The Foundation Collection” represents the Genesis playable avatar drop for Moonray.game, a AAA action RPG with a blockchain-based economy. This collection included multiple presale phases to cater to different gamer communities and offer various discount levels, making it accessible and appealing to a broad audience. Technical Details: Smart Contract: Utilizes ERC721a for optimized gas usage and transaction efficiency. Moonray Genesis Skins Overview OpenSea: MoonrayGame Created Series of 6 Playable Skins: Bored Box Skin: Moonray Comics Overview OpenSea: MoonrayGame Created Comic Book Series: Moonray Token Overview Contract: Etherscan Project…

President Biden has followed through on a promise to veto SEC-related crypto legislation that recently passed the House and Senate. The bill would have reversed guidance from the SEC that says certain companies should label crypto assets as liabilities on their balance sheet, even if they are simply holding the assets on behalf of customers. In a letter to the House of Representatives, President Biden says the removal of the guidance would hinder the SEC’s ability to implement safeguards and protect investors. “SAB 121 reflects considered technical SEC staff views regarding the accounting obligations of certain firms that safeguard crypto-assets.…

DeLorean, a renowned auto brand, has announced a partnership with Otherlife, a Web3 creative agency and a Moonpay branch. The collaboration is aimed to establish a revolutionary marketplace that will enable DeLorean enthusiasts to acquire, trade, and exchange vehicle reservation build slots. In the case of Otherlife, they specialize in digital design, possess Web expertise, and develop technical game plans specifically for Web3 and the metaverse. The agency was taken over by Moonpay last year.   Otherlife is known to have been associated with companies such as Microsoft, Mastercard, Arsenal FC, Coinbase, and others. The entities will use blockchain technology, and…

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Overview OpenSea: Neon Istanbul Collection Neon Istanbul Open Edition Contracts: Neon Istanbul Neon Istanbul Open Edition Project Summary “Neon Istanbul” is an NFT collection by Devrim Erbil, a celebrated Turkish artist known for his vibrant and evocative depictions of Istanbul. This project includes both digital and physical artworks, featuring Erbil’s iconic style. Artworks: Digital NFTs: Representations of Istanbul’s landscapes and cityscapes in Erbil’s unique, neon-infused style. Physical Works: Each NFT was bundled with a physical print, creating a bridge between traditional and digital art forms. Gallery Partnership: Renko London: The gallery handled the sale of the physical prints, providing collectors…

A new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind. Overall, cryptocurrency adoption is rising worldwide, with notable increases seen across all continents. ‘562 Million […] Source link

In a remarkable display of confidence in the cryptocurrency market, a key cohort has accumulated 154,560 Bitcoins over the past five months. This substantial acquisition has caught the attention of analysts and investors alike, fueling speculation about a potential surge in the price of Bitcoin (BTC) shortly. A noteworthy trend in the cryptocurrency industry has been identified by on-chain data provider Santiment, associated with wallets containing ten or more Bitcoins. Santiment claims that these wallets are a leading indication of changes in the market. Historically, the market for cryptocurrencies has increased when these wallets store more Bitcoin. On the other…

U.S. Independent Presidential candidate Robert F. Kennedy Jr said transactional freedom through crypto must be protected to ensure economic growth. Commenting on Donald Trump’s U-turn on crypto policy, Kennedy Jr lauded the revamped view and implored President Joe Biden to side with innovation in America by supporting crypto. “I’m not going to question if it was a political decision, I’m happy he did it and I hope President Biden does too”, said the politician. Kennedy Jr abstained from commenting on Trump’s conviction, as industry observers pondered how the court ruling might impact the Republican pro-crypto candidate. The presidential candidate added that…

Share this article A New York jury found Donald Trump guilty on all 34 counts of falsifying business records to conceal a hush-money payment to adult-film actress Stormy Daniels just before the 2016 election. This verdict makes Trump the first former US president to be convicted of crimes as he faces current US President Joe Biden in November as the presumptive Republican nominee.Prosecutors argued that Trump led a broader scheme to influence the election by concealing stories of his alleged sexual encounters with women. Trump has repeatedly claimed that the case as Democratic election interference, could be sentenced to as…