Author: CryptoHoppers

Ahead of the Bitcoin (BTC) halving, Cathie Wood’s ARK Invest engaged in a series of transactions reflecting the hedge fund’s bullish stance on the cryptocurrency’s trajectory.  Among the notable moves was ARK’s addition of 139,152 units of its in-house spot Bitcoin ETF — the ARK 21Shares Bitcoin ETF — valued at $8.96 million. The purchase followed another substantial buy of $31.19 million worth of the ETF the day before. Not content with just Bitcoin, ARK doubled down on diversification by purchasing 41,068 shares of ProShares Ether Strategy ETF (EETH), totaling approximately $2.78 million. This buy was also in addition to…

Share this article Singapore-based licensed payment firm Triple-A is set to integrate PayPal’s stablecoin, PYUSD, into its range of token offerings by the end of June, according to a recent report from Bloomberg.With the addition of PYUSD, Triple-A customers can choose from a wide range of payment options, which currently include Bitcoin, Ethereum, Tether’s USDT, and Circle’s USDC.As Singapore’s first licensed crypto payments company, Triple-A received its Digital Payment Token (DPT) Service license from the Monetary Authority of Singapore (MAS) in late 2021. This license enables the company to offer a variety of crypto payment solutions, such as domestic and…

Introduction to World Chain In a significant leap towards blockchain scalability and efficiency, Worldcoin has officially introduced World Chain, its bespoke blockchain designed to meet human-centric needs globally. This move is set to revolutionize how transactions are handled, prioritizing human interaction and reducing the technological bottleneck that has hindered blockchain technology’s broader adoption. Core Features of World Chain Dedicated Network: World Chain is engineered to transition all Worldcoin transactions from the heavily utilized Optimism Mainnet to its dedicated network. This strategic shift aims to accommodate the growing user demand and mitigate network stress, ensuring a smooth and scalable blockchain experience.…

Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s passage, Russian Foreign Ministry spokeswoman Maria Zakharova […] Source link

Bitcoin has been endeavoring to shift its trajectory from a downturn to an upswing. However, despite its efforts, the coin has remained on a downward trend for several days following its inability to surpass its previous all-time high of $73,833. Will Bitcoin Continue Upward After This Rejection? At the time of writing, the price of BTC was trading around $63,846 which was about 27% down from its all-time high and was up by 0.06% in the last 24 hours. Although the price is trading below the 100 Simple Moving Average (SMA) on the 4-hour chart, on the daily chart it…

Months after Bank for International Settlements (BIS) posted a job announcement requiring a “host” of blockchain experts to join BIS Innovation Hub, the international financial institution’s Innovation Hub today stated its priorities and plans for 2021. It focuses on six key areas, among which the entity has included central bank digital currencies (CBDCs) among its newly launched projects.  BIS is aiming at international collaboration among central banks “on innovative financial technology” to launch a new platform for testing digital currencies. According to a statement, it plans to introduce:   A proof of concept platform using multiple wholesale CBDCs to explore the…

Grayscale’s Bitcoin Mini Trust ETF aims to attract investors with a competitive 0.15% management fee and tax-free Bitcoin exposure. The post Grayscale sets 0.15% fee for its Bitcoin Mini Trust ETF appeared first on Crypto Briefing. Source link

In the ever-dynamic world of digital art, the sale of the NFT artwork “$LAVE” by XCOPY stands out, recently fetching a striking 315 ETH, equivalent to nearly $967,000 [$ETH 315]. This event underscores not only the value of digital art but also the unique characteristics of the blockchain technology that enables such transactions.  XCOPY XCOPY is a well-known figure in the NFT art scene, renowned for his distinctive and often provocative animated GIFs that critique modern society and digital culture. His style is stark, usually monochromatic with flashes of vibrant color, creating visuals that are both arresting and commentary-rich. As…

MANTRA has introduced a new program for supporting and developing startups at the Dubai World Trade Center (DWTC). Shorooq Partners has invested $11 million in this launch, highlighting MANTRA’s commitment to furthering the tokenization of Real World Assets (RWA) in the MENA area. The initiative is established in partnership with Virtuzone, a leading corporate service provider in the UAE. It aims to assist in developing initiatives in the RWA sector and the wider MANTRA ecosystem. The assistance includes expenses related to development, infrastructure, licensing, banking, and administrative services, all of which are crucial for a business’s survival and expansion. Five concepts have…

Share this article The Bitcoin (BTC) halving is poised to reshape the mining landscape, potentially leading to greater centralization of power. Jag Kooner, Head of Derivatives at Bitfinex, estimates the anticipated squeeze on miners’ profit margins could force smaller operations to exit, leaving the field to larger, more capitalized entities.“However, this shift also presents an opportunity for innovation and efficiency improvements within the sector. Miners might explore new regions with cheaper energy sources or invest in more efficient mining technology to maintain profitability,” Kooner adds.Moreover, mining facilities could invest in the development of more cost-efficient machinery, and use their supply…