Author: CryptoHoppers
Bitcoin has long been recognized as the pioneer and leader in crypto, However, as the demand for faster, cheaper, and more efficient transactions continues to grow, Bitcoin’s limitations have become increasingly apparent. Enter Merlin Chain, a Layer 2 solution designed to address these challenges and unlock the full potential of the Bitcoin ecosystem. By leveraging advanced technologies such as Zero-Knowledge Rollups (ZK-Rollups), decentralized oracle networks, and on-chain fraud proof modules, Merlin Chain aims to provide a scalable, secure, and cost-effective solution for Bitcoin users and developers. Bitcoin’s Scalability Challenges As the number of users and transactions on the Bitcoin network…
Michael Burry, an investor famous for making a fortune by anticipating the 2007 subprime mortgage crisis, made a sizable bet on physical gold. According to regulatory filings, Burry’s Scion Asset Management purchased over 440,000 Sprott Physical Gold Trust units, a closed-end fund that invests and holds its assets in physical gold bullion. Big Short’s Investor […] Source link
Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on crypto networks and financial innovation. “I’m concerned the DOJ’s interpretation would treat software developers as criminals for merely writing and publishing code used by others,” one of the […] Source link
Ongoing investigations reveal that Solana-based platform Pump.fun, which facilitates token launches, has reportedly been exploited through flash loans to manipulate its bonding curve. The Gotbit Hedge Fund flagged concerns on social media, stating, “Pumpfun might be under attack. This wallet: [Solscan link] is buying all tokens on Pumpfun within minutes to fill bonding curve to 100%. Raydium listing stuck.” The exploit was detailed by a user known as SOLCircle on social media platform X. The exploiter, identified by the pseudonym Stacc, reportedly employed a crypto loan service to borrow sufficient Solana (SOL) tokens. These tokens were then used to purchase…
Share this article Spot Bitcoin exchange-traded funds (ETFs) appeared in 937 professional firms’ 13F filings in the US, shared Vetle Lunde, senior analyst at K33 Research. In stark contrast, gold ETFs only saw investments from 95 professional firms in the same period, according to data from Bitwise. Retail investors continue to hold the majority of the float, but professional investors accounted for over $11 billion in exposure by quarter’s end, which is 18.7% of the total Bitcoin ETF assets under management (AUM).The trend indicates that larger ETFs are generally more attractive to institutional investors. Notably, ARKB and HODL ETFs have…
In a remarkable turn of events, Bitcoin (BTC) has broken out of its recent trading range, recording a 7% surge in the past 24 hours alone. The cryptocurrency tests the $66,000 resistance level, setting the stage for a potential move toward higher targets. The latest momentum shift in Bitcoin’s price action has caught the attention of industry experts, particularly the co-founders of on-chain analytics firm Glassnode. According to their analysis, the trigger for a larger market structure release has been in the works since the March highs. Bitcoin Breaks Out The co-founders of Glassnode believe this breakout has been coming…
So you’ve launched a crypto project. Now, the million dollar question becomes – how can you get people to trust it? You’ve got this great idea for a new protocol, exchange, NFT project, or product in the Web3 space. You gather an awesome development team. You architect a system with security front of mind. You launch tentatively into the cryptoverse…and are met with, well, skepticism. It’s hard out there for an upstart crypto founder! But at this point who could blame the users. With stories of hacking, rug pulls, and other mainstream scandals popping up by the day, people in…
Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy filed a lawsuit against the company, seeking $27 million in damages for alleged breach of contract and wrongful dismissal. Bitfarms is set to defend against […] Source link
YubiKey is a diverse range of multi-protocol security keys sold by Yubico. These keys are designed to enhance online account security and require both the account login credentials (username and password) as well as the physical YubiKey for access, providing an additional layer of security against virtual account takeovers. This can be very useful when accessing valuable data online and can be a great way to secure your private data, investments (for example your brokerage or cryptocurrency exchange account) and money. The YubiKey 5 series is Yubico’s most recent YubiKey series and supports FIDO2 as well as a variety of…
Decentralization is a hot topic in digital assets, often seen as a key to the future of crypto. Everyone’s talking about it like it’s a magical solution, but let’s get real—it’s as tricky as chasing a pot of gold at the end of a rainbow. Unpacking the Decentralization Dream Decentralization takes cues from the tech world, where it’s all about setting up efficient networks. But now, we’re applying this to money matters. Take Ethereum, for example. Joseph Lubin, one of the brains behind it, didn’t just want to create a new type of money. He wanted to change how we…