Author: CryptoHoppers

OpenAI CEO Sam Altman is actively seeking funding to establish a global chip fabrication plant network. This move underscores the intensifying race among tech giants to secure a foothold in the semiconductor industry, essential for advancing artificial intelligence technologies. OpenAI’s global chip fabrication ambition Altman’s strategy involves raising substantial capital to set up these facilities, known as fabs, across various global locations. This initiative is about expanding OpenAI’s technological capabilities and forging key partnerships in the semiconductor industry. According to a Bloomberg report on January 19, discussions are underway with several potential investors, including Abu Dhabi-based G42 and Japan’s SoftBank…

For hundreds of years, people have been using candlestick patterns to figure out where price might go in the financial markets. Still, people have not yet fully explored the complete potential of these patterns. To really make sense of them, we need to understand the concept more deeply. So, let’s dive in and discover all the important things you should know to unlock the complete potential of Candlestick Patterns.1. What is a Candlestick Pattern Candlestick patterns are like a secret code. When we see certain shapes made by candles on the chart, it is like the market giving us a hint…

Embracing a New Era: The Convergence of AI, Blockchain, and Fashion The fashion industry, a realm traditionally ruled by design and textiles, is standing on the cusp of a revolutionary transformation, thanks to the synergistic fusion of Artificial Intelligence (AI) and Web3 technologies. As we embark on 2024, this blend is not just a trend but a paradigm shift, redefining the very essence of fashion, from creation to ownership. Let’s delve into how this potent combination is setting the stage for a groundbreaking year in the fashion world. The Dawn of Digital Ownership Digital ownership, primarily facilitated by blockchain technology,…

The Commodity Futures Trading Commission charged digital asset platform Debiex with fraud after the agency said it used a romance scam tactic known as “pig butchering” to take $2.3 million from investors. The CFTC charged Debiex and Zhāng Chéng Yáng, who the agency says might have acted as a so-called “money mule” for the platform. The complaint was filed in the U.S. District Court for the District of Arizona this week. Unidentified people involved with Debiex “cultivated friendly or romantic relationships with potential customers” by lying to get their trust and then asked them to open and fund trading accounts with Debiex,…

NEAR Foundation has announced the merging of NEAR DA and Polygon CDK. The technical integration aims to pass on the benefits of cost-effective data availability to rollups, particularly at a time when data publishing costs are at their highest. NEAR DA has been chosen for its efficiency and robust availability of data. Data availability has been specifically crafted to help developers simplify the network structure and reduce overall cost. Polygon CDK, on the other hand, has been chosen for the level of simplicity that it provides to developers who are looking to architect L2 chains with a set of configurations…

Identifying a period of consolidation or indecision in crypto trading is as important as identifying a period of upward or downward momentum. Did you know that candlesticks can help crypto traders identify the possibility of the occurrence of a period of consolidation? This powerful candlestick pattern is called the Inside Bar Candlestick Pattern. Let’s understand this pattern in depth.1. Inside Bar Candlestick Pattern: What You Should Know The Insider Bar Candlestick Pattern is a two-candle formation where the second candle’s high and low (or the insider bar’s high and low) are within the range of the previous candle (the mother candle).…

Bitcoin has recently dropped to its one-month low after the ETF-led enthusiasm has waned. The biggest crypto in the world fluctuated around 40,000 dollars before stopping at 40,843 dollars. BTC gained 157% value in 2023, largely because of the anticipated January 11 launch of the first Bitcoin ETF fund in the US. Traders have also bet on the looser monetary policy in the past several months. However, it appears that the ETF enthusiasm driving BTC has ultimately subsided. The cryptocurrency is trading at 41,358 dollars, down 10.42% in the past seven days. Given its volatile nature, traders closely examine numerous…

The allure of play-to-earn and in-game ownership fueled a recent boom in blockchain games, but a new report casts a chilling light on the sector’s sustainability. Out of 1,318 blockchain-based games launched since 2021, a staggering 407, over 30%, have already been discontinued or abandoned. This stark statistic, compiled by BlockchainGamer.biz, paints a picture of an industry grappling with fundamental challenges. Smaller, underfunded projects appear particularly vulnerable, often vanishing silently without any official announcement. Are Blockchain Games Going Extinct? The Main Culprit Funding constraints and evolving market conditions are cited as the primary culprits, suggesting that building a successful blockchain…

To succeed in crypto trading, traders require good trading strategies. To develop a perfect strategy, one needs excellent analytical skills. Candlesticks are among the best tools that can be used for this crypto market analysis purpose. There are numerous candlestick patterns, from basic to advanced. Here, you are going to read about an advanced candlestick pattern, the Pin Bar Candlestick Pattern. Let’s see how this pattern can be used to create a few unmatched trading strategies. Are you ready?1. What’s Pin Bar Candlestick Patterns A Pin Bar is a special candlestick pattern in crypto trading. It has a long tail and…

While Wall Street welcomes the first US-listed Bitcoin ETFs with open arms, Singapore remains wary. The Monetary Authority of Singapore (MAS) has thrown cold water on the idea of offering these type of investments to retail investors, citing long-held concerns about the risks of cryptocurrency trading. Singapore Thumbs Down Bitcoin ETF This comes just a week after the US Securities and Exchange Commission (SEC) greenlit the first spot Bitcoin ETFs, allowing both institutional and retail investors to gain exposure to the world’s largest cryptocurrency without directly holding it. The move sparked a frenzy, with $4.6 billion worth of shares changing…