Author: CryptoHoppers

PRESS RELEASE. Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong’s commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is […] Source link

The Binance Smart Chain (BNB Chain), developed by the world’s largest cryptocurrency exchange by trading volume, Binance, experienced significant growth and performance in the first quarter (Q1) of 2024.  As highlighted in a recent report by Messari, Binance Smart Chain has surged in market cap, revenue, average daily active addresses, decentralized finance (DeFi), total value locked (TVL), and average daily decentralized exchange (DEX) volume.  BNB Outperforms Bitcoin In Q1 2024 During Q1 2024, BNB Smart Chain demonstrated notable market cap growth, soaring by 89% quarter-over-quarter (QoQ). It reached a market cap of $92.5 billion, securing the third position among all…

President Joe Biden’s administration has presented a disputable idea to impose a 44% tax on cryptocurrency transactions. This policy, whose purpose is to bring more revenue into the government treasury, has instigated an explosion of criticism from different quarters such as industry leaders, lawmakers and investors in the crypto community. Critics Concerns Innovation, investment, and worldwide competitiveness of the US crypto industry are the foundations on which the critics of this tax rise are building their claims. Many suggest that such high tax rates may scare off the innovators and investors who might want to participate in the crypto projects,…

In the realm of cryptocurrency trading, analysis plays a pivotal role, guiding crypto traders in their decision-making. There are three main types: fundamental analysis, technical analysis, and on-chain analysis. Among these, crypto fundamental analysis holds significant importance due to its nature. It serves as the cornerstone for cryptocurrency traders, especially those with long-term goals. This analysis involves scrutinising the intrinsic value and factors affecting a cryptocurrency’s market, such as its technology, team and adoption rate. It provides insights into a coin’s potential growth and sustainability. Are you ready to master all the basic skills a crypto fundamental analyst should possess?…

A Dive into the Reintroduction of a Classic Opcode The Bitcoin Improvement Proposal (BIP) 420 proposes reintroducing OP_CAT, a tapscript opcode that allows for the concatenation of two stack values. This capability, deactivated in earlier Bitcoin versions due to its potential for excessive memory usage, is poised to enhance Bitcoin’s scripting flexibility without previous limitations. A Fresh Take on an Old Tool: The Specification of OP_CAT The essence of OP_CAT is straightforward yet powerful: it pops the top two values off the stack, concatenates them, and pushes the result back onto the stack. This operation, however, fails if it results…

Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for […] Source link

Do Kwon, a co-founder of Terraform Labs, is appealing a high court ruling in Montenegro that could result in his extradition to the US or South Korea. The lengthy judicial proceedings span several months and entail complex disagreements on procedural compliance and legal interpretations. Do Kwon battles extradition in Montenegro court The high-stakes legal drama between Terraform Labs Co-founder Do Kwon and Montenegrin courts took place in a trial that attracted the attention of the international crypto world. Kwon is resisting the Montenegrin lower court’s decision, possibly leading to his extradition to the U.S. or South Korea. The legal procedure…

Chainlink’s Cross-Chain Interoperability Protocol has transitioned into general availability, marking a step forward in enhancing cross-chain connectivity. The protocol enables developers to conduct cross-chain token transfers and smart contract messaging across diverse blockchain networks. Additionally, it allows for function calls on smart contracts deployed across different blockchains, enhancing cross-chain smart contract interoperability. According to Sergey Nazarov, co-founder of Chainlink, the general availability of the Cross-Chain Interoperability Protocol’s (CCIP) mainnet will streamline developers’ implementation, thereby strengthening cross-chain connectivity. “CCIP is now starting to become the standard for both capital markets blockchain transactions across banks, as well as the way that secure…

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At the Hong Kong Web3 Festival, Cathie Wood of ARK Invest took the stage virtually alongside DC, head of HashKey Singapore and CEO of HashKey Capital, to dive into the future of blockchain and Bitcoin. DC kicked off the event expressing both pressure and excitement. Representing a firm with a deep portfolio including over a billion USD managed and more than 500 projects, he set an enthusiastic tone for the dialogue. Welcoming Wood, DC noted her extensive investment experience. In her response, Wood conveyed regret for not attending in person but shared her excitement and honor to participate. She recounted…