Author: CryptoHoppers

A widely followed crypto analyst is suggesting that Ethereum (ETH) is reaching a decision point. Crypto trader Michaël van de Poppe tells his 724,400 followers on the social media platform X that ETH’s next move depends on how it trades against Bitcoin (ETH/BTC). “ETH remains to be in an indecisive state of mind. Bullish divergence is applicable, but there is no follow-through. If it drops sub 0.042 BTC, I expect we will see a fall beneath 0.04 BTC and a denial of the divergence.” Source: Michaël van de Poppe/X Ethereum is worth 0.042 BTC ($2,287) at time of writing, just…

Socket Protocol which is backed by heavyweights like Coinbase Ventures and Framework Ventures just released a whitepaper that aims to advance how blockchain ecosystems communicate and function. The protocol introduces a seamless method for cross-chain interactions, tackling the issue of  fragmentation that has plagued dApps and user experiences across multiple networks. Socket Protocol secured a $5 million investment from Coinbase Ventures and Framework Ventures at the end of 2023. The problem of cross-chain challenges is huge and many top venture firms have put their bets on solving this. Socket’s adoption has been rapid, processing billions in transaction volume monthly. Yet,…

Key Takeaways The ASI Alliance has launched the FET token on Cardano to promote a decentralized AI ecosystem. Enhanced tools like a direct migration tool and an Ethereum-Cardano bridge are set to improve FET’s liquidity and accessibility. Share this article SingularityNET, Fetch.ai, and Ocean Protocol, under the Artificial Superintelligence (ASI) Alliance, have officially deployed the FET (ASI) token on the Cardano blockchain, as announced by the ASI Alliance today.The Alliance said they chose Cardano for its security, speed, and low transaction costs. They believe Cardano’s robust infrastructure will benefit the development of ASI. The deployment is part of the team’s…

The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […] Source link

Riot Platform, a leading Bitcoin mining company, has handled its energy costs and continued its expansion plans during the extreme Texas heat in August. The company has produced  322 BTC during the month while adapting to the harsh weather conditions. The August report shows Riot mined an average of 10.4 BTC/Day, which is an impressive feat. However, August mining was about 48 BTC lower than the previous month. In July, Riot mined 370 BTC and averaged 11.9 BTC/Day. Riot Produces 322 #Bitcoin in August 2024 and Exceeds 10,000 Bitcoin Held. “In August, Riot produced 322 Bitcoin and continued to exercise…

Durov has spoken out for the first time following his arrest last week, defending the platform’s moderation efforts and criticizing authorities for targeting him personally over users’ illegal activities. Today, nearly a week after the CEO of Telegram, Pavel Durov, was indicted in France, he released a statement addressing his recent legal troubles in the country.  In a post on his official Telegram channel, Durov expressed surprise at his charges, emphasizing that the messaging app has an official EU representative handling law enforcement requests. He criticized the authorities for bypassing established communication channels and questioning him personally.  He argued that…

Key Takeaways Telegram has changed its policy to allow users to flag illegal content in private chats. CEO Pavel Durov acknowledges the platform’s rapid growth has made it easier for misuse. Share this article Telegram has revised its policy, allowing users to flag “illegal content” in private chats for review by moderators, according to a recent update to its frequently asked questions (FAQ) section.Telegram updates moderation rules for private chatsThis means that users can now report content in private chats for review, a departure from their previous policy of not moderating private chats. The change could alter Telegram’s reputation, which…

Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any […] Source link

In a single day, $1.05 trillion was wiped out of the US stock market. This decline represents one of the largest of any single day in recent times and also reflects a mix of unsatisfactory economic data and huge struggles among major companies. Investors are understandably rattled because this downturn brings up some seriously unsettling questions about the stability of this market. Stock Market: Economic Data Drives The Decline The Dow Jones Industrial Average plummeted more than 626 points right off the bat within the first seconds of the opening. At close, it shed more than 700 points and ended…

In the first week of August, Ton held its largest summit, the Open Summit in Taipei. Now, the TON network is hosting a Blum, Yescoin, TONX, and TON Innovators Summit in Seoul, South Korea. The event is hosted by KTON, the Korea—and Asia-based TON community. It will feature some of TON’s most promising projects. Meet TON in Seoul, South Korea On September 5, 2024, TON will take the stage in Asia’s Tech hub. According to reports, there will be presentations and panel talks from TON’s pioneering projects. There is also an opportunity to connect with many like-minded builders.  KTON, based…