Author: CryptoHoppers

The exchange rate of 1 USD to INR in 1947 was ₹3.30. In the subsequent years, the Indian rupee has been losing value against the US dollar. As of August 2, 2023, the exchange rate between USD and INR was ₹82.73. Between 1949 and 1966, the exchange rate of USD to INR was ₹4.76. This was a fixed exchange rate, meaning that it did not directly reflect the supply and demand for the US dollar and the Indian rupee. Still, these market forces would periodically influence decisions to adjust the exchange rate between USD and INR. Between 1966 and 1975,…

With Bitcoin coming back into action, savvy investors constantly seek new avenues to maximize their returns. One such approach involves turning attention to stocks related to Bitcoin, especially in the context of the 2024 Bitcoin Halving. This strategy merits consideration for several reasons, particularly when compared to directly investing in Bitcoin itself.Bitcoin halving has historically been a period of significant financial interest and market movement. Each halving event has led to a notable increase in Bitcoin’s value, underscoring the potential investment opportunities surrounding these occurrences. The upcoming 2024 halving is widely anticipated to create a similar bullish momentum in the…

Unveiling the Power of Sei In the ever-evolving landscape of blockchain technology, Sei emerges as a groundbreaking Layer 1 blockchain, redefining the standards for digital asset exchange. This open-source platform transcends the traditional boundaries of decentralized finance (DeFi), extending its prowess to encompass a broader spectrum of digital assets, including gaming assets, social tokens, and NFTs. The Sei Phenomenon: Beyond a DeFi Chain Contrary to popular belief, Sei isn’t confined to the realms of DeFi. It’s a versatile platform designed for the universal exchange of digital assets. This distinction is crucial in understanding Sei’s unique position in the blockchain ecosystem.…

Palo Alto, USA, January 23rd, 2024, Chainwire Inaugural Sui ecosystem event comes to Paris April 10-11, 2024 Today, Sui Foundation and Mysten Labs announced Sui Basecamp, the first global conference dedicated to the Sui ecosystem, and a celebration of the builders and entrepreneurs building on Sui, the Layer 1 blockchain and smart contract platform the initial contributors of which are the technology team that emerged from Diem, Meta’s blockchain project. A premier event for the broader web3 ecosystem, Sui Basecamp will take place in Paris on Wednesday, April 10th and Thursday, April 11th 2024, and will feature builders and partners…

Fresh Look: Navigating the New Digital Waters of BAYC The Bored Ape Yacht Club (BAYC), a flagship project in the NFT world known for its iconic ape-themed digital collectibles, is making waves with its website’s major facelift. This move underscores the club’s commitment to evolution and relevance in the fast-paced digital realm. The revamped website isn’t just a cosmetic upgrade; it’s a reimagined digital hub designed to enhance community engagement and ownership. With features that facilitate a more interactive delegate process, BAYC is reinforcing its ethos of community and exclusivity, especially with the “Clubhouse” feature aligning with the upcoming Soho…

Bitcoin holders indulged in profit-taking as prices tanked. The number of short positions taken against BTC also increased. Even though Bitcoin [BTC] witnessed a price correction earlier this month, many addresses holding the king coin remained positive. However, the patience of short-term holders seemed to be running out of late, as BTC slipped past its $42,000 support level. A rise in profit-taking According to analyst James Van Straten, the aggregate profit or loss of all transacted coins indicated a prolonged phase of profit-taking in Bitcoin. This kind of trend has not been witnessed in the past five years. The only…

Posted: November 27, 2020 China-based blockchain infrastructure provider, Blockchain Service Network or BSN, which is backed by the Chinese Government, today announced that it has added major blockchain protocols such as Polkadot, Oasis and Bityuan into its network. In a tweet published on 26 November, the firm announced:  Welcome @Polkadot @OasisProtocol @Bityuanofficial into the BSN family! pic.twitter.com/yD6LfMlNDb — BSN (@bsnbase) November 26, 2020 Now, the new integration will allow the cross-chain protocol Polkadot’s developers to connect to BSN’s public chain. Moreover, Polkadot allows users to interoperate with a wide variety of blockchains in the Polkadot network and also enable cross-blockchain transfers of…

Candlestick patterns are a powerful tool in crypto trading. They are highly popular among professional traders active in the crypto market. These patterns were developed back in the 16th century in Japan and so are time-tested and highly valuable. Crypto traders generally use these patterns to analyse market sentiment and price movement dynamics. It is time to get a basic idea about Candlestick patterns. Let’s start!1. What’re CandlesticksImagine candlesticks in crypto trading as a graphic storyteller, revealing the ongoing battle between buyers and sellers each day or each period – each period implies each hour in an hourly chart, each…

  As the digital art and NFT communities buzz with excitement, the Bored Ape Yacht Club (BAYC) is poised to unveil its Miami Clubhouse. While official details are still under wraps, the air is thick with anticipation and speculation. Here’s a glimpse into what we expect from this groundbreaking venture, along with the promise of more thrilling announcements from the BAYC team in the near future. 1. A Miami Clubhouse Beyond Imagination: We anticipate that the Miami Clubhouse will be a dazzling embodiment of the BAYC ethos. While it might not offer a global network of locations, its unique character,…

Crypto whales are buying up the correction in digital assets markets, according to blockchain tracking firm Lookonchain. Lookonchain says that as Ethereum dipped in price, a “smart whale” with a solid track record of profitable trades bought up the dip with over 3,600 ETH. “After the price of ETH dropped [on Friday], this smart whale bought 3,600 ETH ($8.9 million) back at a lower price… This whale is very good at buying ETH at low prices and selling ETH at highs. The profit is ~$25.8 million currently!”  Source: Lookonchain/X At time of writing, ETH is trading at $2,470. Lookonchain also…