Author: CryptoHoppers

The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing. This surge was mirrored across the altcoin landscape, with several cryptocurrencies, including TRON, Avalanche (AVAX), and Chainlink (LINK), recording impressive gains ranging from 20% to 30% within just seven days. Despite these gains among widespread altcoins, Bitcoin continues to exert dominance over the entire market. Bitcoin Increases Dominance: What Does It Mean For Altcoins? The altcoin season has yet to…

Blockchain data indexing platforms are one of the most consequential, yet largely unknown innovations in the Web3 industry, helping to free up developers’ resources and dramatically improve the user experience in decentralized applications. Yet the vast majority of Web3 users don’t have the first clue about what a Web3 data indexing platform is, or does, or why it’s so important. It might come as a surprise to learn that data indexing is what makes the Web2 world go around. Indexing facilitates the bulk of people’s online interactions, enabling YouTube to serve them videos in interesting genres they like, ensuring search engines…

Key Takeaways Pavel Durov’s arrest in France led to a 18% drop in Toncoin’s value. French authorities link Durov with crimes facilitated through Telegram’s lack of moderation. Share this article The price of Toncoin (TON) fell as much as 18% to below $5.53 on Sunday following news that Pavel Durov, the co-founder and CEO of Telegram, was arrested at Le Bourget Airport in France, according to data from CoinGecko. Likewise, Notcoin’s (NOT) value crashed by 21% as concerns about Durov’s legal troubles grew. Source: CoinGeckoOn August 24, Durov was detained by French police at Bourget Airport after arriving on his…

This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF […] Source link

Binance under scrutiny again after a class action lawsuit against it was filed in Washington If the case goes ahead, blockchain analytics could be on trial Binance and its former CEO, Changpeng Zhao (CZ), are embroiled in a legal battle yet again. This time, they are facing a new class action lawsuit, with the plaintiffs – Philip Martin, Natalie Tang, and Yatin Khanna – alleging that the exchange was used to launder cryptocurrencies stolen from them According to them, Binance played the role of a “getaway car” and was involved in the money laundering process. This, in violation of the…

Key Takeaways Bitcoin rose 1.1% after Fed Chair Powell hinted at policy adjustment at Jackson Hole. Polymarket bets on a 50 basis point rate cut increased to $1.9 million following Powell’s speech. Share this article Fed Chairman Jerome Powell’s speech at Jackson Hole today reinforced the expectations of an interest rate cut in September, as he stated that “the time has come for Fed policy to adjust.” This fueled a Bitcoin (BTC) run toward $62,000 after a 1.1% rise in the past hour.Ethereum (ETH) and Solana (SOL) followed with 0.8% and 1.1% growth respectively. Powell’s dovish stance was further indicated…

As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability. […] Source link

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PlayDoge makes headlines after raising over $6 million through its ongoing presale. After a recent down period, the crypto market is back on the up.  BSC memecoin season is taking off, and Elon Musk has just soft-shilled Dogecoin to the White House.  Meanwhile, another dog-themed memecoin called PlayDoge has been making news after raising over $6 million through its ongoing presale.  But right now, the race is on for potential PLAY investors because the ICO ends in three days.…

DBS Bank has announced a collaboration with Enterprise Singapore (ESG). The objective is to establish a project that utilizes the capabilities of blockchain and smart contract technologies to disburse government grants to eligible participants. It essentially streamlines the process by eliminating third parties. Smart contracts automatically execute transactions after verifying the fulfillment of conditions. The Singapore Fintech Association, or SFA, has so far disbursed grants to 27 members. Intermediaries continue to establish conditions; however, smart contracts serve as the ultimate verification mechanism. The conditions set determine who is eligible for the grant and who does not.  Recipients have to fulfill…

Key Takeaways The DeFiant Ones DeFi platform was announced by Donald Trump Jr. to overhaul traditional financial systems. Over 42,000 subscribers joined the official Telegram group for updates on the Trump DeFi project. Share this article Donald Trump Jr. has revealed plans for a new cryptocurrency project that aims to operate outside traditional banking systems. The initiative, called “The DeFiant Ones,” was announced via the project’s official Telegram group.In his statement, Trump Jr. described the venture as a response to what he perceives as exclusionary practices in the mainstream financial sector. “These banks and the elites who run them want…