Author: CryptoHoppers

Anodos Finance co-director Panos Mekras debunked some prevalent myths about the application of XRPL Automated Market Maker (AMM) this week. The posts in a series by Mekras on X aimed to dispel the uncertainty in the arena while explaining a practical approach to the XRPL AMM functioning. He made it clear that XRP liquidity will only be required if users wish to provide liquidity support. This occurs in the setting of the by-end of this year’s launch of the XRPL AMM patch, which has technical glitches. Moreover, Mekras further separated the mechanism of liquidity provision and the token holdings. He…

Share this article Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent obtained by Unstoppable Domains (UD) in 2023. ENS claims that UD’s patent utilizes technology that ENS had developed and open-sourced.In a statement on social media platform X, ENS explained that UD obtained a patent for technology that ENS Labs developed with the intent of being open-source. ENS Update 🧵: In 2023 Unstoppable Domains (UD) obtained a patent for technology ENS Labs developed as open-source. Today, we petitioned USPTO to challenge the validity of that patent, and…

A New Era in Social Media: Popset, the up-and-coming onchain social app, has announced a significant milestone in its development, having successfully raised $1 million in pre-seed funding. This round was spearheaded by Izun Partners, with notable contributions from Michael Shaulov of Fireblocks, Patricio Worthalter of POAP, and PunkDAO, among various esteemed angel investors. Transforming Social Networking: As the digital landscape continues to evolve, Popset is poised to revolutionize social media through its blockchain-powered platform. This innovation aims to enhance user authenticity and ownership of digital interactions, marking a pivotal shift away from traditional social networking paradigms. Strategic Partnerships and…

Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […] Source link

A closely followed crypto strategist is warning that Bitcoin (BTC) may have already printed a bull market top. Analyst Ali Martinez tells his 60,700 followers on the social media platform X that realized profits, or gains converted to cash, have historically coincided with Bitcoin market tops. The analyst highlights that when Bitcoin hit a fresh all-time high of more than $73,000, realized profits soared to a new high and eclipsed levels witnessed during the 2018, 2021 and 2022 bull market tops. “Last month, when BTC hit $73,880, realized profits skyrocketed to $3.52 billion. This could signal a potential BTC market…

Wormhole is one of the most widely used and known cross-chain bridges. The hub has proven resilient, despite going through one of the biggest exploits, losing $321M in 2022. Since then, Wormhole has grown its connection pairs and interchain features.  Wormhole Targets Developers Again Developers are a scarce resource in the blockchain space. The best may create the next wave of successful projects. Wormhole and Borderless Capital are offering grants to developers who want to create cross-chain features and products.  The grant program is open for application now and will distribute a total of $50M in locked liquidity.  .@borderless_cap has…

Many traders view crypto trading as riskier than other options for trading, due to the highly volatile nature of the crypto market. In this article, we delve into a few critical questions regarding crypto market volatility, including strategies for building resilience. Amidst the ups and downs of the market, understanding how to navigate and manage risks becomes essential. By grasping the dynamics of volatility and implementing effective strategies, traders can strengthen their positions and thrive in the unpredictable crypto market environment. Let’s start the discussion.1. Crypto Market Volatility: What You Should Know Crypto market volatility refers to how quickly and dramatically…

A Leap into Anime with a Decentralized Twist In a striking collaboration with Dentsu Inc., the powerhouse behind much of Japan’s anime entertainment, Azuki premiered the first episode of its three-part anime anthology series titled ‘Enter the Garden.’ The series kicks off with ‘The Waiting Man,’ directed by the accomplished Goro Taniguchi, known for his groundbreaking work on ‘Code Geass’ and ‘One Piece Film Red’. Azuki’s venture into anime underlines its commitment to blending traditional media with blockchain innovation, aiming to shake up industry norms through decentralization and artistic freshness. The Story and the Vision ‘The Waiting Man,’ the introductory…

Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, “but already a current reality.” Peter Schiff […] Source link

DeFi • April 30, 2024, 6:50PM EDT Published 1 minute earlier on Uniswap users can now use Robinhood Connect to buy cryptocurrencies using funds from Robinhood, a debit card or via bank transfer.Robinhood Connect became available this week to users on the Uniswap mobile app, the decentralized exchange (DEX) said Monday in a statement. The service is one of three providers enabling crypto purchases on Uniswap, joining Coinbase Pay and Moonpay, according to the protocol.On Uniswap’s app, first-time Robinhood Connect users who purchase $10 in cryptocurrencies will receive $10 worth of USDC in their RobinHood account.Robinhood Connect’s integration with Uniswap…