Author: CryptoHoppers

In 2024, the Solana blockchain experienced a rapid expansion in the memecoin market, with pump.fun being at the forefront. The platform captured a massive audience seeking quick profits. Crypto.news conducted an in-depth analysis of the profitability of investing in pump.fun tokens, revealing that while a few early adopters managed to secure profits, the majority of investors ultimately lost money. Pump.fun is the leader in Solana’s memecoin ecosystem and holds 50% of the market share. It achieved this by streamlining token launches and making them both quick and easy. It also focused on ensuring a fair process for creating and trading…

Key Takeaways Russian hackers allegedly targeted French government websites in response to Pavel Durov’s arrest. President Macron claims the arrest of Telegram’s CEO was not politically motivated. Share this article The Paris Public Prosecutor’s Office has issued a press release detailing the official charges against Telegram CEO Pavel Durov. The judicial investigation, opened on July 8, 2024, following a preliminary inquiry by the Fight against Cybercrime Unit (JUNALCO), lists multiple grave allegations against an unnamed individual, with Durov, who was arrested over the weekend, accused of complicity in these activities through the Telegram platform.The charges include complicity in operating an…

Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common currency, particularly between large economies like India and China. While some BRICS members support a single currency, Stepashin advocates for enhancing financial […] Source link

The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing. This surge was mirrored across the altcoin landscape, with several cryptocurrencies, including TRON, Avalanche (AVAX), and Chainlink (LINK), recording impressive gains ranging from 20% to 30% within just seven days. Despite these gains among widespread altcoins, Bitcoin continues to exert dominance over the entire market. Bitcoin Increases Dominance: What Does It Mean For Altcoins? The altcoin season has yet to…

Blockchain data indexing platforms are one of the most consequential, yet largely unknown innovations in the Web3 industry, helping to free up developers’ resources and dramatically improve the user experience in decentralized applications. Yet the vast majority of Web3 users don’t have the first clue about what a Web3 data indexing platform is, or does, or why it’s so important. It might come as a surprise to learn that data indexing is what makes the Web2 world go around. Indexing facilitates the bulk of people’s online interactions, enabling YouTube to serve them videos in interesting genres they like, ensuring search engines…

Key Takeaways Pavel Durov’s arrest in France led to a 18% drop in Toncoin’s value. French authorities link Durov with crimes facilitated through Telegram’s lack of moderation. Share this article The price of Toncoin (TON) fell as much as 18% to below $5.53 on Sunday following news that Pavel Durov, the co-founder and CEO of Telegram, was arrested at Le Bourget Airport in France, according to data from CoinGecko. Likewise, Notcoin’s (NOT) value crashed by 21% as concerns about Durov’s legal troubles grew. Source: CoinGeckoOn August 24, Durov was detained by French police at Bourget Airport after arriving on his…

This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF […] Source link

Binance under scrutiny again after a class action lawsuit against it was filed in Washington If the case goes ahead, blockchain analytics could be on trial Binance and its former CEO, Changpeng Zhao (CZ), are embroiled in a legal battle yet again. This time, they are facing a new class action lawsuit, with the plaintiffs – Philip Martin, Natalie Tang, and Yatin Khanna – alleging that the exchange was used to launder cryptocurrencies stolen from them According to them, Binance played the role of a “getaway car” and was involved in the money laundering process. This, in violation of the…

Key Takeaways Bitcoin rose 1.1% after Fed Chair Powell hinted at policy adjustment at Jackson Hole. Polymarket bets on a 50 basis point rate cut increased to $1.9 million following Powell’s speech. Share this article Fed Chairman Jerome Powell’s speech at Jackson Hole today reinforced the expectations of an interest rate cut in September, as he stated that “the time has come for Fed policy to adjust.” This fueled a Bitcoin (BTC) run toward $62,000 after a 1.1% rise in the past hour.Ethereum (ETH) and Solana (SOL) followed with 0.8% and 1.1% growth respectively. Powell’s dovish stance was further indicated…

As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability. […] Source link