Author: CryptoHoppers
The altcoin season index continued to indicate BTC’s dominance. ETH’s market indicators looked bearish, but SOL’s indicators turned bullish. Bitcoin [BTC] has been the center of attraction for quite some time, with the king coin touching its all-time high and plummeting to near $55k soon thereafter. In fact, Bitcoin’s dominance has also moved up over the past few months. However, if the latest data is to be considered, then altcoins like Ethereum [ETH] and Solana [SOL] might soon get their chance to shine. Altcoins to begin bull rallies soon? World Of Charts, a popular crypto analyst, recently posted a tweet…
Key Takeaways Privacy concerns are the main barrier to digital euro adoption in Germany. ECB plans to introduce the digital euro with enhanced security features and offline capabilities. Share this article In Germany, skepticism toward the digital euro is mounting as the European Central Bank (ECB) approaches a decision on its implementation, slated for late 2025. A new report from Bloomberg reveals that Germans, especially older generations, are still worried about the security and privacy of the digital euro.Apart from concerns about data being tracked, and potentially misused, Germany’s long-held preference for cash also contributes to its deep-seated resistance to…
The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses. A retired New Hampshire resident, persuaded via Facebook to invest $3,526 in cryptocurrency with Finstate, […] Source link
Two long-dormant Bitcoin whales sprang to life this week and moved $11 million worth of BTC after sitting on the top crypto asset for more than a decade. The crypto tracker Whale Alert notes the first address moved 174 BTC worth $10.16 million to another unknown wallet early Friday morning. The whale hadn’t touched the Bitcoin since it received it in January 2014, when that same trove was worth $142,600. The value of the whale’s holdings grew by more than 7,000% over 10 years. The long-dormant address has received trace amounts of Bitcoin a handful of times over the last…
In a move that’s sure to turn heads in the crypto universe, Optimism Labs has just rolled out a hefty upgrade proposal to its Fault Proof System blockchain. This comes hot on the heels of some intense, community-led audits that didn’t just poke holes but found a few bugs lounging around in the codebase. Security is a priority, and Optimism has a new proposal that is tighter than your favorite pair of jeans after Thanksgiving dinner. The Granite Network Upgrade proposal has all the key issues under lockdown, and the community is to thank for it. Today, @OPLabsPBC posted an…
Key Takeaways Optimism reverted to permissioned fraud proofs due to vulnerabilities found in audits. A hard fork named “Granite” is scheduled for September 10 to update the Optimism network. Share this article Optimism has reverted its network to a permissioned state after community-driven audits identified several bugs in its recently launched permissionless fraud proof system, including two high-severity issues.The Optimism Foundation announced the rollback on X, stating that the move was made “out of an abundance of caution” to avoid potential instability while the vulnerabilities are patched.In March, Optimism commenced trials for its fault proof system on Ethereum’s Sepolia test…
Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the partnership with Scale, saying it moves her organization closer to its goal of narrowing the digital gap. Narrowing the Digital Gap The […] Source link
Bitcoin fell 4.26% to $58.13k on August 16 and $61k on August 13. While BTC often mimics the stock market’s fall, this drop has no ties to such an event. However, this is not all. At the same time, a significant surge in trading volume was seen—over $32.79 billion changed hands on Wednesday—up 14.17%. The dual dynamic prompts the question: Is there any hope for Bitcoin in August, or are we seeing a more significant market correction? Short-Term Perspective The chart points to a possible twin peak pattern, in which two distinct prices or volume activity peaks occur within a…
A Bitcoin wallet that has been dormant since 2014 suddenly woke up and moved over 174 bitcoins worth more than $102 million. Blockchain data showed that the Bitcoin (BTC) wallet that received 174.88 BTC on Jan. 8, 2014, moved funds for the first time on Aug. 16, 2024. The transfer comes after a decade, during which Bitcoin’s price soared to highs of $73,000 before retreating to current levels. Transaction cost While BTC’s initial value was nearly $142,000 in 2014, the staggering gains the flagship cryptocurrency has seen since mean that the 174.88 bitcoin is now worth more than $10.2 million.…
Top Crypto to Buy: The overall cryptocurrency market is experiencing significant selling pressure as the US government and Mt Gox moved notable Bitcoin (BTC) in recent days. Amid this market downturn top cryptocurrencies that have the potential to skyrocket in the coming days are trading at very discounted prices.These top crypto include Ripple’s native token XRP, Solana (SOL), Dogecoin (DOGE), and Dogwifhat (WIF). XRP (XRP)Ripple’s XRP is one of those top altcoins that has proven itself not to be a security and also won a legal battle against the United States Securities and Exchange Commission (SEC). Moreover, Ripple’s earlier announcement to…