Author: CryptoHoppers

Tether will cease to support the implementations of EOS and Algorand and instead focus on supporting community-oriented protocols and chains. Furthermore, they will concentrate on the development of use cases for USDT on each protocol in collaboration with community members. Tether has always remained focused on bringing about a strong and inventive blockchain ecosystem, in the case of USDT, as well as various other tokens released by them. To accomplish this objective, they conduct regular assessments of their current transportation surfaces to guarantee that sustainability, utilization, and the community’s advantages are concurrent.  While linking USDT with specific blockchains, Tether’s primary…

Share this article Seoul, South Korea, June 26, 2024 – CryptoQuant, a leader in blockchain analytics, is excited to announce the integration of TRON data into its comprehensive analytical platform. This development is set to revolutionize how users interact with and derive insights from the TRON network.CryptoQuant’s enhanced platform now offers expanded capabilities for both novice and seasoned blockchain enthusiasts to explore in-depth data and trends about the TRON ecosystem. Users can access a wide range of metrics and analytics tools designed to provide detailed insights into the blockchain’s dynamics, enabling more informed decision-making and strategy development. This integration also…

India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and […] Source link

A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot Crypto ETFs Cause Inefficient Allocation of Resources Bo-mi Lee, a researcher with the Korean […] Source link

With just months left until the 2024 U.S. election, former President Trump is looking to cement a potentially key group: the crypto community. According to Axios, Trump is in talks with an eye on speaking at the Bitcoin 2024 convention, which is expected to take place from July 25th – 27th, 2024, in Nashville, Tennessee. Axios reported this on Monday, citing two sources familiar with the development. Trump and his growing Bitcoin, crypto-friendly stance Bitcoin Magazine’s Bitcoin 2024 event is the largest BTC event of the year and it takes place right after the Republican National Convention ends. Notably, it…

Share this article Bitcoin (BTC) fell by nearly 6% in the last 24 hours and briefly lost the $60,000 price level. As BTC retests its previous all-time high as a support, the trader identified as Rekt Capital shared on X that history suggests the maintenance of this support with no further downside below it, as BTC was never capable of breaking the re-accumulation range resistance early in the post-halving period nor lost the support during this period. #BTC Bitcoin was never able to break the ReAccumulation Range High so early in the Post-Halving period BTC has also never lost its…

Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued electronically by the central bank, aims to streamline transactions within the country’s banking system. A pilot project will commence […] Source link

The price of XRP, the native token of RippleNet, has been caught in the crosshairs of a bearish crypto market. Currently trading below the crucial $0.50 mark, XRP seems to be following the broader market trend. However, a recent analysis by market analyst Tylie Eric throws a glimmer of hope for XRP holders, predicting a potential price surge based on a technical indicator. Related Reading Understanding Elliott Wave Theory Eric argues that XRP’s price movements might be following a historical pattern known as the Elliott Wave theory. This theory proposes that market trends unfold in a specific five-wave structure, with…

Azuro will be coming out with an exclusive grants scheme for funding the development of applications with the utilization of Azuro on Polygon PoS. This will include the furthering of on-chain prediction applications targeting sports, as well as entertainment-related projects.  Added to that, the scheme will be offering financial and technical backing to the connected builders.  This is being seen as a first step towards fortifying the bond with the Polygon community.  In the very near future, builders will be provided the option of forwarding their projects for scrutiny. The scheme will entail the allocation of $20,000, coming under two…

Share this article Bitcoin and the crypto industry have become major topics in this year’s US presidential election. For many people disillusioned with current politics, Bitcoin could bring substantial change, according to Raphael Zagury, Chief Investment Officer at Swan Bitcoin, a Bitcoin investment platform. “It started with senators talking about bitcoin. Then we had more people talking about it. And now we have Trump coming in, and which was a surprise for most people, even for some of us who had been in Bitcoin for a long time, to hear him saying the positive things that he did,” stated Zagury…