Author: CryptoHoppers

A Flashback to RedBeanDAO’s Remarkable Flip Just over a year ago, the NFT landscape witnessed one of its most strategic flips by RedBeanDAO, a team of digital collectors and enthusiasts. RedBeanDAO made headlines when they acquired one of the rarest NFTs from the Azuki collection and later flipped it for a whopping 420.69 ETH. This move wasn’t just a transaction—it was a statement about the potential and the power of strategic investment in the NFT space. The Team Behind the Transaction RedBeanDAO is composed of notable members including @trebooomin, @slywalrus1, @RealDonaldNFTs, @sven_nft, @darran0x, @mal_nfts, @ENICOLL, @cnig69, @0xTahir, and @0x5749. Each…

While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging, with the network’s difficulty reaching an all-time high of 88.10 trillion. This complexity, coupled […] Source link

Share this article Belief in near-term spot Ethereum ETF approval is fading in the face of mounting skepticism. Justin Sun, the founder of TRON Foundation, has expressed doubts regarding the potential approval of a spot Ethereum exchange-traded fund (ETF) in the upcoming month.“My honest opinion (NFA) is that an Ethereum ETF won’t be approved in May. The crypto industry still needs to prepare for long-term education with regulators, focusing on helping them understand crypto. But we’ve always been here, haven’t we?” Sun stated in a recent post on X.His comments reflect a broader sentiment within the industry that regulators are…

XCOPY is not merely a participant in the realm of digital and NFT art; he is a provocateur, a visionary, and arguably the most influential NFT artist to date. His profound impact stretches across artistic, technological, and cultural domains, making this comprehensive overview essential for understanding the breadth of his contributions to contemporary art and digital culture. Cultural Vanguard: XCOPY’s Early Adoption and Its Impact XCOPY’s early forays into digital art were not just pioneering; they were prophetic. His engagement with digital media and NFTs from their nascent stages positioned him as a key influencer in shaping what the medium…

Former U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges, and tariffs. Trump remains committed to preserving the U.S. dollar’s dominance as the global reserve currency. Nonetheless, a growing number of countries, particularly BRICS members, […] Source link

Phoenix Wallet, a Bitcoin (BTC) wallet designed for Lightning payments, has announced that it will stop serving U.S. residents on May 3.  ACINQ, the company behind Phoenix Wallet, plans to remove the app from U.S. app stores, meaning users in the U.S. will no longer be able to access it from the said date.  On May 3rd, 2024, @PhoenixWallet will be removed from US app stores.Users from the US should empty their wallet:– Settings > Close channels (Android)– Settings > Drain wallet (iOS)We highly recommend *not force-closing* channels, as on-chain fees could be significant.— Phoenix Wallet (@PhoenixWallet) April 26, 2024…

Blockchain transactions are safe but hard to understand because users have to keep track of encryption keys and go through a steep learning curve. These problems can be fixed by simplifying the user interface, making it easier to connect with blockchain networks, and prioritizing the user experience. Understanding Account AbstractionAccount Abstraction (AA) makes it easier for people to use blockchain networks by eliminating the need to handle cryptography keys and understand complicated processes. This makes using blockchain more like regular digital apps, making it easier for people to use and speed up transactions. At first, blockchain technology was designed for people who…

Have you ever wondered if things like unemployment can affect the crypto market, just like they do with other investments? It turns out they can! As a crypto trader, it is crucial to pay attention to big economic developments. Not all developments affect crypto the same way, though. Some things matter more than others. This article will guide you through the important economic areas to watch. Let’s get started!1. Economic Developments & Crypto Markets: An Intro Economic developments, especially those from the US Federal Reserve and Inflation, hold sway over the crypto market. For instance, if the Fed decides to increase…

Unraveling the Mystique of Runes: The Next Big Leap in Bitcoin’s Blockchain Introduction to Runes: A New Era for Bitcoin As Bitcoin recently went through another significant milestone with its halving—an event that halves the block reward given to miners and occurs approximately every four years—there’s an additional buzz in the air. This year, alongside the halving, we witnessed the launch of Runes, a groundbreaking protocol aimed at revolutionizing how tokens are created and traded directly on Bitcoin’s blockchain. Runes was first proposed in September 2023 by Casey Rodarmor, the innovative mind behind Ordinals, which brought the concept of NFTs…

In a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […] Source link