Author: CryptoHoppers

The Bank of Russia and Rosfinmonitoring revealed the existence of a ‘know your crypto customer’ system pilot, that aims to link the fiat operations of crypto users with their blockchain actions. The pilot, which has been ongoing since 2023, involves five banks in Russia and is expected to run until April, but can be extended. […] Source link

On May 27th, Solana is all set to roll out the mainnet beta with a critical patch to fix the bugs plaguing its network. The upcoming beta version, namely v1.18, targets congestion issues the network is facing, having just reached an impasse. Solana tests new fixes for network congestion This is because the bandwidth for high-volume meme coins-related bot transactions has caused Solana’s congestion to skyrocket. These exchanges cause network speed decline, which in turn leads to more transaction failures in the crypto space. In response, the dev team from Solana, in alliance with Anza, introduced devnet version 1.18.11 on…

The Solana-based cat meme coin PAJAMAS gained over 500% in one week after YouTube co-founder Steve Chen joined the project. The post Solana cat coin PAJAMAS soars over 500% in one week appeared first on Crypto Briefing. Source link

The “Junk Drawer” collection on Foundation,  expertly curated by SuperchiefGalleryNFT, is a dazzling foray into the world of collage art within the NFT realm. Presenting a curated array of 59 works by various artists, including notable names like Michelle Thompson, miirror, Oak, and Nicola Villa, this collection is a vivid celebration of contemporary art. Curated Chaos by SuperchiefGalleryNFT SuperchiefGalleryNFT, the world’s first IRL NFT Gallery with locations in NYC, LA, and Tokyo, is at the forefront of this intriguing exhibition. Their commitment to showcasing cutting-edge digital art makes “Junk Drawer” not just a collection but a pivotal moment in digital…

PRESS RELEASE. Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong’s commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is […] Source link

The Binance Smart Chain (BNB Chain), developed by the world’s largest cryptocurrency exchange by trading volume, Binance, experienced significant growth and performance in the first quarter (Q1) of 2024.  As highlighted in a recent report by Messari, Binance Smart Chain has surged in market cap, revenue, average daily active addresses, decentralized finance (DeFi), total value locked (TVL), and average daily decentralized exchange (DEX) volume.  BNB Outperforms Bitcoin In Q1 2024 During Q1 2024, BNB Smart Chain demonstrated notable market cap growth, soaring by 89% quarter-over-quarter (QoQ). It reached a market cap of $92.5 billion, securing the third position among all…

President Joe Biden’s administration has presented a disputable idea to impose a 44% tax on cryptocurrency transactions. This policy, whose purpose is to bring more revenue into the government treasury, has instigated an explosion of criticism from different quarters such as industry leaders, lawmakers and investors in the crypto community. Critics Concerns Innovation, investment, and worldwide competitiveness of the US crypto industry are the foundations on which the critics of this tax rise are building their claims. Many suggest that such high tax rates may scare off the innovators and investors who might want to participate in the crypto projects,…

In the realm of cryptocurrency trading, analysis plays a pivotal role, guiding crypto traders in their decision-making. There are three main types: fundamental analysis, technical analysis, and on-chain analysis. Among these, crypto fundamental analysis holds significant importance due to its nature. It serves as the cornerstone for cryptocurrency traders, especially those with long-term goals. This analysis involves scrutinising the intrinsic value and factors affecting a cryptocurrency’s market, such as its technology, team and adoption rate. It provides insights into a coin’s potential growth and sustainability. Are you ready to master all the basic skills a crypto fundamental analyst should possess?…

A Dive into the Reintroduction of a Classic Opcode The Bitcoin Improvement Proposal (BIP) 420 proposes reintroducing OP_CAT, a tapscript opcode that allows for the concatenation of two stack values. This capability, deactivated in earlier Bitcoin versions due to its potential for excessive memory usage, is poised to enhance Bitcoin’s scripting flexibility without previous limitations. A Fresh Take on an Old Tool: The Specification of OP_CAT The essence of OP_CAT is straightforward yet powerful: it pops the top two values off the stack, concatenates them, and pushes the result back onto the stack. This operation, however, fails if it results…

Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for […] Source link