Author: CryptoHoppers

The Head and Shoulders pattern is a significant concept in price action trading. Although it is easy to explain, spotting it on a chart can be challenging. Now is the perfect time to delve into understanding this pattern thoroughly and exploring the strategies associated with it. Interestingly, there is a counterpart called the Inverse Head and Shoulders pattern , which is equally powerful and helpful. Let’s unravel all the essential details that a crypto trading enthusiast should grasp about the Head and Shoulders pattern. Learning and mastering these patterns will empower cryptocurrency traders to execute effective strategies based on price movements.…

In an electrifying announcement from Yuga Labs Gaming, the digital realm is abuzz with the latest unveiling of “Dookey Dash: Unclogged,” a thrilling new chapter in the NFT gaming landscape. Premiered at the prestigious NFT Paris event, this game promises to elevate the player experience to unprecedented levels. Here’s a closer look at what makes this launch not just another drop in the digital ocean but a potential tsunami in the making for the NFT community and gaming enthusiasts alike. A Plunge into Innovation: Golden Plungers and The Ultimate Sewer Showdown Yuga Labs Gaming, renowned for its pioneering spirit in…

Bitcoin miners in the United States have taken a decisive stand against what they perceive as overreach by the US government regarding data disclosure demands. The Texas Blockchain Council (TBC) and Riot Platforms have commenced legal proceedings against the US Energy Information Administration (EIA), citing concerns over privacy invasion and regulatory excess. Unprecedented data requests spark legal battle The crux of the legal dispute revolves around the EIA’s recent mandate requiring Bitcoin miners to disclose sensitive operational information within a mere 10-day window. The demands encompassed detailed specifications of mining equipment, operational locations, and contractual agreements with energy partners. Failure…

In a noteworthy development, Circle, a Boston-based crypto firm, has made a crucial decision regarding its widely-used stablecoin, USDC, on the Tron blockchain. Effective immediately, Circle has ceased the minting of USDC tokens on the Tron platform, citing regulatory challenges faced by Tron’s founder in the United States as a contributing factor.Here’s what you need to know.Strategic Move for Network SecurityThe decision, communicated through a blog post on Wednesday, signifies Circle’s dedication to USDC, currently the second-largest stablecoin globally. This strategic shift is part of a detailed “enterprise-wide” risk assessment undertaken by Circle to address regulatory concerns and fortify the…

The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs’ co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions. Avalanche Hits Snag as Block Finalization Stall Disrupts Service Avalanche (AVAX) is grappling with a service interruption, echoing challenges previously seen on the Solana […] Source link

In an unprecedented move that bridges the gap between traditional art markets and the burgeoning world of Web3, Pizza Ninja #1 has been selected for a special Bitcoin Ordinals auction at Sotheby’s. This inclusion marks a monumental validation for the Pizza Ninjas project, signifying its high quality, demand, and the pivotal role it plays in the emerging Web3 art market. Sotheby’s: A Platform of Prestige for Pizza Ninja #1 Sotheby’s, one of the world’s oldest and most revered auction houses, has long been a stage for the world’s most prestigious works. The selection of Pizza Ninja #1, known as “The…

Posted: February 22, 2024 Ray Dalio changed his views on Bitcoin, recognizing it as a competitor in the emerging currency space With predictions of Bitcoin potentially outpacing gold ETFs in AUM, its role as a preferred store of value is being reinforced In a major turn of events, Ray Dalio, popular investor and the CIO of Bridgewater Associates, is showing a newfound openness and confidence in Bitcoin (BTC). The exec was previously known for his skepticism towards Bitcoin.  He has, on multiple occasions, had considerable doubts about BTC being a trustworthy asset, both in terms of currency and store of…

Arthur Hayes has often been a figure of controversy and awe in the crypto industry. His views on the industry have sparked discussions, debates, and disagreements. However, one cannot deny his genius. Hayes’ recent essay, “Chief Story Officer,” is about the psychological and societal underpinnings of investment and technological adoption, providing an intriguing perspective on what truly drives the crypto market. As is our tradition, I am here to break down everything he said in the essay. The Crypto Narrative Over Technology Hayes begins with a reflection on the inherent speculative nature of existence, drawing parallels between everyday risk assessments…

According to a recent Form N-1A, Grayscale has approached the U.S. Securities and Exchange Commission (SEC) with a proposal for a unique exchange-traded fund (ETF) dedicated to the privacy and cybersecurity realm. The Grayscale Privacy ETF aims to be the first to encapsulate the burgeoning sector of privacy technology and cybersecurity. Privacy Takes Center Stage […] Source link

In an electrifying announcement, Garga.eth (Greg Solano), co-founder of Yuga Labs, revealed his return to the CEO role, promising to usher in a dynamic new era for the company. This transition comes as Yuga Labs, the innovative force behind the Bored Ape Yacht Club (BAYC), seeks to deepen its cryptonative roots and enhance its offerings across the board. A Renewed Vision for BAYC and Beyond Solano’s return is not just a leadership shuffle; it’s a strategic move to infuse Yuga Labs with a fresh, cryptonative focus. With BAYC at the forefront, Solano and co-founder Wylie Aronow are set to revitalize…