Author: CryptoHoppers

Key Takeaways Roman Storm faces up to 45 years if convicted on all charges. Tornado Cash allegedly laundered over $1 billion, including funds from North Korea. Share this article A US federal judge has denied Tornado Cash developer Roman Storm’s attempt to dismiss money laundering and sanctions evasion charges, paving the way for a trial to begin on December 2 in New York.Judge Katherine Failla of the Southern District of New York rejected Storm’s argument that creating and deploying the Tornado Cash protocol was protected speech under the First Amendment. The judge expressed skepticism about this claim, stating that while…

President Nayib Bukele highlighted El Salvador’s achievements since his first term, referring to the country’s economic revival and improved personal security before the United Nations General Assembly. Bukele also warned about worsening global conditions, stating that humanity is facing a new dark age and that El Salvador can only serve as a small shelter against […] Source link

QCP Capital analysts are forecasting that additional stimulus measures from China will create a more bullish environment for risk assets, including cryptocurrencies.”We believe more easing is coming from the People’s Bank of China (PBoC), and they have communicated as much, and combined with the U.S. Federal Reserve joining the global cutting cycle, all major central banks, except Bank of Japan, are now ready to inject more liquidity into the market. The macro space continues to look more and more bullish for risk assets, including crypto,” QCP Capital analysts said.The analysts believe that due to various positive factors driving the market,…

Solana is quickly becoming a major player in the world of cryptocurrency, thanks to its unique networking approach. Unlike many blockchains, Solana aims to keep all activity directly on its core network, or Layer 1 (L1), which provides several advantages to the users and investors.  As per a few crypto analysts, Solana offers numerous benefits that sets it apart, such as: Earning Money by Staking SOL One of the most important feature of Solana is how people who hold SOL tokens can earn real value. When there is a lot of demand for space on Solana, due to a project…

Key Takeaways BlackRock’s iShares Bitcoin Trust led with $184 million in inflows. Total net inflows for US Bitcoin ETFs have reached $246 million so far this week. Share this article US-listed spot Bitcoin exchange-traded funds (ETFs) have notched their fifth consecutive day of positive performance, collectively taking in approximately $106 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) led with around $184 million in net inflows, according to data tracked by Farside Investors.Source: Farside InvestorsOn Wednesday, Bitwise’s Bitcoin ETF (BITB) added around $2 million in new capital. In contrast, Fidelity’s Bitcoin Fund (FBTC) and ARK Invest/21Shares’s Bitcoin ETF (ARKB) faced…

Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever recorded. Bitcoin’s Mining Game: […] Source link

According to popular crypto analyst Rekt Capital, Bitcoin has successfully broken out of a months-long downtrend, potentially setting the stage for a rally to new heights. The analyst points to Bitcoin’s convincing break above a series of lower highs, with a weekly close well above the critical $61,900 level. This move, Rekt Capital argues, signals the end of the downtrend that has been in place since late July. The road to Bitcoin hitting $67,000 While the breakout is certainly bullish, Rekt Capital cautions that a retest of the former downtrend line is possible. This could see Bitcoin pull back to…

Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of four major United States regulators. The letters demand that the regulators communicate across agencies about a particularly controversial SEC bulletin from 2022, known as SAB 121. One of the letters was addressed to SEC Chair Gary Gensler — just a day before Gensler would join all of his fellow SEC commissioners in a U.S. House Financial Services Committee hearing on…

Key Takeaways BlackRock’s Bitcoin and Ethereum ETFs experienced a huge influx of $158 million in one day. Global monetary policies, including US rate cuts and China’s stimulus, boost crypto market confidence. Share this article BlackRock’s spot Bitcoin and Ethereum exchange-traded funds, the iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA) collectively drew in around $158 million in net inflows on Tuesday amid a crypto market recovery that saw Bitcoin surge past $64,000.According to data tracked by Farside Investors, the IBIT fund logged approximately $99 million in new capital, bringing its total net buying since launch to $21 billion.IBIT made a…

Get ready for an exciting new chapter in the world of digital art as Slimesunday, the Boston-based artist, unveils his latest solo show, “The Mixtape.” The exhibition will take place at Pellas Gallery on Thursday, October 3rd, 2024, from 6:30 PM to 9:00 PM, promising an immersive experience that pushes boundaries with its innovative blending of nostalgia, censorship, and deeply personal expression. A Deeper Dive into Slimesunday’s Artistic Vision Slimesunday, known for his controversial and thought-provoking digital collages, has become one of the most prominent creators in the NFT and digital art space. His work often explores themes of censorship,…