Author: CryptoHoppers
Standard Chartered’s head of digital asset research, Geoff Kendrick, has predicted a significant rise in bitcoin’s price, potentially surpassing its previous all-time high of $73,798 by this weekend. His optimistic outlook is fueled by the anticipated approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), which he believes will […] Source link
As more users adopt cryptocurrencies and decentralized applications (dApps), the need for secure, private, and seamless cross-chain interactions has become increasingly apparent. Enter Namada, a protocol designed to address these concerns head-on. Namada is a proof-of-stake Layer 1 blockchain that aims to revolutionize the way users transact and interact with digital assets across multiple networks. By leveraging cutting-edge cryptographic techniques and innovative architecture, Namada enables users to transfer various digital assets, both fungible and non-fungible, with unparalleled privacy and security. The importance of privacy in the blockchain ecosystem cannot be overstated. While traditional blockchains offer a degree of pseudonymity, transactions…
The Punk In Residence Program Yuga Labs recently introduced the Punk in Residence program, aimed at fostering on-chain collaborations and stimulating creative experimentation within the NFT space. The initiative selected artist Nina Chanel Abney to spearhead the program, culminating in her “Super Punk World” collection. This debut included an event at The School at the Jack Shainman Gallery in New York, where the new NFTs were showcased. Abney’s Artistic Vision Nina Chanel Abney’s work integrates her distinct style, reinterpreting iconic CryptoPunk traits. She stated, “CryptoPunks are an iconic, pioneering project that has played a crucial role in the creation of…
The Bitcoin Policy Institute, a non-profit organization supporting bitcoin initiatives, has launched the Peer-to-Peer Rights Fund, a project seeking to protect bitcoin’s decentralized nature from regulatory overreach. The fund’s first objective is to aid in the defense of the founders of Samourai Wallet given the relevance of the case for the industry. Peer-to-Peer Rights Funds […] Source link
The Paraguayan legislature is urgently pushing a bill that, if passed, could mean up to a decade behind bars for illegal Bitcoin miners due to the large amount of electricity pilferage jeopardizing the state-backed National Electricity Administration. The proposed legislation enables Paraguayan law enforcement and legal officials to confiscate and auction off mining machines from unlawful operations to safeguard ANDE from energy theft, which results in substantial financial damage. Despite this crackdown, authorities have already seized over 5,000 ASIC miners this year alone. Additionally, lawmakers are also speculating on imposing a brief ban on all Bitcoin mining in the country…
The post Fantom Foundation Introduces Sonic Network appeared first on Coinpedia Fintech News The Fantom Foundation has announced Sonic Network, a new layer-1 blockchain connected to Ethereum through a native cross-chain bridge. FTM token holders can migrate to Sonic’s $S token at a 1:1 ratio, representing Fantom 2.0. Additionally, the Sonic chain pledges to provide improved performance with 2,000 TPS and single-second finality. Fantom will also support the transition with substantial funding for ecosystem development and governance votes to ensure community support. However, the existing Opera network will continue to receive support during this transition. Source link
A hacker exploited Gala Games’ smart contract, minting 5 billion tokens worth $200 million, with part converted to Ethereum. The post Gala Games hit by $200 million in possible inside job appeared first on Crypto Briefing. Source link
The value of ethereum (ETH), the second-largest cryptocurrency by market capitalization, has increased nearly 18% against the U.S. dollar due to speculation that the U.S. Securities and Exchange Commission (SEC) might approve some spot ether exchange-traded funds (ETFs). Market Buzz Lifts Ethereum to $3,691 On Monday, ethereum (ETH) reached an intraday peak of $3,691 per […] Source link
Heading into the year 2024, Bitcoin spot ETFs (exchange-traded funds) and the halving event were arguably the biggest narratives in the crypto space. The Securities and Exchange Commission (SEC) approved the first BTC spot products in the US early on, driving the coin’s price to a new all-time high. The halving event, on the other hand, has not exactly led to the highly-anticipated positive run for the Bitcoin price, which has rather struggled over the past few weeks. The premier cryptocurrency has witnessed a steady increase in its value over the past few days, slightly nullifying the period of stagnation…
The Hashgraph Association (THA), the Swiss-based organization at the forefront of global digital enablement, signed a strategic partnership with the Qatar Financial Centre to launch a Digital Assets Venture Studio, a platform to support local Qatari and international portfolio companies in the development of regulatory-compliant decentralized finance (DeFi) solutions and digital assets built on the Hedera Distributed Ledger Technology (DLT) network. The $50 million digital assets venture studio will focus on investments in Hedera-powered Web3 startups and enterprises building bankable DeFi solutions. The program will span over the next five years (2024-2028) with The Hashgraph Association investing $10million (20%). The…