Author: CryptoHoppers

Key Takeaways Tron’s Q3 revenue of $566 million exceeds that of Bitcoin, Ethereum, and Solana. Stablecoin transactions and memecoin activities significantly contribute to Tron’s revenue. Share this article Tron’s stablecoin ecosystem has propelled the network to new heights, generating $566 million in revenue during Q3 2023 and securing its position as a major player in the blockchain space.The network’s impressive performance is largely attributed to its robust stablecoin activity, with Tron now controlling 34.8% of the stablecoin market. This positions it as the second-largest blockchain for stablecoins, supplying a staggering $59.8 billion worth of these digital assets. Tether’s USDT dominates…

Beeple, also known as Mike Winkelmann, has been at the forefront of the digital art revolution, bringing a blend of technology, dystopian satire, and artistic commentary to collectors worldwide. His latest release, “The Tree of Knowledge”, is a captivating triptych that explores a symbiotic relationship between technology and nature. This piece is part of a timed edition sale, ensuring exclusivity for those who engage with it during the limited 48-hour release window. The Tree of Knowledge: Concept and Medium Beeple’s “The Tree of Knowledge” is not just a print; it’s a reflection of the artist’s complex relationship with the digital…

A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research partnership uniting universities from both continents. The program […] Source link

As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy. Stablecoins have emerged as a vital component of Sub-Saharan Africa‘s crypto economy, accounting for approximately 43% of the region’s total transaction volume, according to a recent report from Chainalysis. In nations grappling with volatile local currencies and limited access to U.S. dollars, dollar-pegged stablecoins such as Tether (USDT) and Circle (USDC) have gained prominence, enabling businesses and individuals to store value, facilitate international payments, and bolster cross-border trade. In a commentary to Chainalysis, Yellow Card chief executive Chris Maurice said that “about 70% of…

Both Dogecoin and Shiba Inu have emerged as major players in the meme coin world. Their light-hearted branding has proven popular in the market, catapulting them to success. While they may seem similar on the surface, these two coins have important differences that set them apart and provide distinct use cases and investment factors to consider. Overview of Dogecoin and Shiba Inu Launched in 2013, Dogecoin was the first ever so-called meme coin, a digital asset launched explicitly as a joke. The currency was created by software engineers Billy Marcus and Jackson Palmer partly as a way to poke fun…

Key Takeaways Ripple faces a $125 million fine, significantly less than the SEC’s initial $2 billion claim. Ripple may challenge the classification of XRP sales or the fine amount in a potential cross-appeal. Share this article Ripple is considering filing a cross-appeal in response to the SEC’s appeal against the court’s judgment on August 7, which ordered Ripple to pay $125 million to resolve charges over the institutional sales of XRP tokens, said Ripple Chief Legal Officer Stuart Alderoty.The penalty, although more than Ripple’s suggested $10 million, is significantly lower than the nearly $2 billion initially demanded by the SEC,…

Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre. This will allow Ripple to provide seamless cross-border payment services in the United Arab Emirates and align with its goal […] Source link

The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose risks to the country’s financial stability, and will not change the functions of the […] Source link

Leading blockchain network SUI is in news for its altcoin’s recent high after breaking through $1.8, but amidst the slight rally, the network has also issued warning users of  growing NFT scams. Firstly, the native token, SUI, broke through $1.8 to create a recent high, reaching a high of $1.8796, and is currently quoted at $1.84, a 24-hour increase of 7.23%. Courtesy: SUI chart on Coinmarketcap Note that the token has seen a jump of 19.18 % in the past 7 days, and has continued to show bullish sentiments within its community. The network has jumped by 100% in the…

Key Takeaways Half of US voters support pro-crypto policies according to a new Consensys and HarrisX survey. Crypto owners are highly likely to vote, with 92% indicating their intention to participate in elections. Share this article A new study by Consensys and HarrisX reveals that crypto-friendly policies could sway a significant portion of voters in the 2024 US presidential election, with neither party currently holding a decisive advantage on the issue. The survey highlights the growing importance of crypto as an election issue and the potential for candidates to gain an edge by adopting clear, supportive stances.Key findings show that…