Author: CryptoHoppers

Posted: February 22, 2024 Ray Dalio changed his views on Bitcoin, recognizing it as a competitor in the emerging currency space With predictions of Bitcoin potentially outpacing gold ETFs in AUM, its role as a preferred store of value is being reinforced In a major turn of events, Ray Dalio, popular investor and the CIO of Bridgewater Associates, is showing a newfound openness and confidence in Bitcoin (BTC). The exec was previously known for his skepticism towards Bitcoin.  He has, on multiple occasions, had considerable doubts about BTC being a trustworthy asset, both in terms of currency and store of…

Arthur Hayes has often been a figure of controversy and awe in the crypto industry. His views on the industry have sparked discussions, debates, and disagreements. However, one cannot deny his genius. Hayes’ recent essay, “Chief Story Officer,” is about the psychological and societal underpinnings of investment and technological adoption, providing an intriguing perspective on what truly drives the crypto market. As is our tradition, I am here to break down everything he said in the essay. The Crypto Narrative Over Technology Hayes begins with a reflection on the inherent speculative nature of existence, drawing parallels between everyday risk assessments…

According to a recent Form N-1A, Grayscale has approached the U.S. Securities and Exchange Commission (SEC) with a proposal for a unique exchange-traded fund (ETF) dedicated to the privacy and cybersecurity realm. The Grayscale Privacy ETF aims to be the first to encapsulate the burgeoning sector of privacy technology and cybersecurity. Privacy Takes Center Stage […] Source link

In an electrifying announcement, Garga.eth (Greg Solano), co-founder of Yuga Labs, revealed his return to the CEO role, promising to usher in a dynamic new era for the company. This transition comes as Yuga Labs, the innovative force behind the Bored Ape Yacht Club (BAYC), seeks to deepen its cryptonative roots and enhance its offerings across the board. A Renewed Vision for BAYC and Beyond Solano’s return is not just a leadership shuffle; it’s a strategic move to infuse Yuga Labs with a fresh, cryptonative focus. With BAYC at the forefront, Solano and co-founder Wylie Aronow are set to revitalize…

A widely followed crypto analyst says Bitcoin (BTC) may diverge from a historic pattern and reach a cycle peak earlier than expected. In a new video update, crypto strategist Jason Pizzino tells his 312,000 YouTube subscribers that in the previous 2016 and 2020 cycles Bitcoin pulled back after hitting the 50% retracement level on the monthly chart before breaking through it and soaring to a cycle top. However, Bitcoin has yet to pull back this cycle after hitting the 50% retracement level and remains trading above it, according to the trader. “What’s going on for Bitcoin is a pretty unprecedented…

Major blockchain engineering company IOHK announced that it will sponsor the newly-created Haskell Foundation, which is dedicated to broadening adoption of the Haskell programming language. IOHK said it would donate $125,000 to the foundation which was launched at the Haskell eXchange virtual conference on 4 November. With this move, IOHK will be Haskell Foundation’s largest donor, according to a release shared with AMBCrypto today.  Created by the long-time members of Haskell community, the Haskell Foundation is an independent organization that aims to increase the adoption of the Haskell language across the industry, open-source community, and academia.  Its programming language, which…

In an industry-first, 9dcc, the pioneering Web3 luxury fashion house, is set to captivate the fashion and tech worlds with its debut NFT-linked collection at the illustrious Paris Fashion Week. This innovative move not only marks 9dcc’s entrance into the high-fashion arena but also signifies a historic moment in the fusion of fashion with blockchain technology. The Genesis of Fashion’s New Era Founded by the esteemed crypto influencer Gmoney, 9dcc represents the intersection of luxury fashion and cutting-edge blockchain technology. The brand’s latest collection, which features near-field communication (NFC) chips linked to Ethereum NFTs, is a testament to Gmoney’s vision…

Published 1 minute earlier on Web3 venture firm Hack VC closed $150 million for its first venture fund, aptly called Venture Fund 1.The closed funding brings the firm’s total assets under management to $425 million, according to a company release. Hack VC said it intends to use the funds to finance early-stage startups developing infrastructure in security, capital-efficient decentralized finance and the intersection of web3 and artificial intelligence. “We deploy anywhere from a few hundred thousand dollars into solo founders or incubations to several millions of dollars into projects in which we have conviction,” said Hack VC Co-Founders and Managing Partners…

AltLayer, an innovative player in the realm of decentralized protocols, has completed a strategic funding round, amassing $14.4 million to bolster its rollup infrastructure. This financial milestone was achieved through the collective efforts of leading investment firms, with Polychain Capital and Hack VC at the helm as co-leaders of the round. The involvement of other significant contributors, including OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG, and TRGC, underscores the broad industry support and confidence in AltLayer’s vision and technological proposition. Pioneering rollup infrastructure expansion AltLayer stands at the forefront of decentralized technology, offering a platform…

In the last 17 days, the value of artificial intelligence (AI) cryptocurrency assets has soared, with a significant addition of $10.21 billion to their overall market value. This surge aligns with the unveiling of Openai’s latest innovation, a generative AI-powered application capable of converting text into video. AI Cryptocurrency Sector Explodes With 142% Growth Following […] Source link