Author: CryptoHoppers

Shimmer has announced that it has launched ShimmerEVM, a smart contract software that will be an addition to the testnet. The objective here is to provide IOTA with a staging area for decentralized applications. The staging area is an area where dApps are battle-tested before they are fully deployed on the main network. This helps developers review the limitations of the project or the foundational grounds on which they have constructed their work. It is only after they have perfected a dApp that it goes live on IOTA for the public. Shimmer Network is a potential candidate for this development.…

Renowned crypto analyst “Dark Defender” has forecasted a short-term bullish movement for the XRP price, with expectations that the cryptocurrency might hit the $0.66 mark this week. Sharing his insights on Twitter, the analyst referenced XRP’s 1-day chart, highlighting recent price dynamics and key technical indicators. “Hi there. XRP in the daily chart broke the initial resistance & back-tested it. We had a similar move on 13-Jul-23. The next Fibonacci level stands at exactly $0.6649. If we don’t see XRP below $0.50 support, we expect to hit $0.66 this week,” the analyst tweeted. XRP price prediction | Source: X @DefendDark…

Concerns regarding a possible US government shutdown catalyzed purchases of cryptocurrency investment products between Sept. 23 and 29.  According to CoinShares, the inflow to digital asset investment products reached $21 million last week. Experts indicated that the main activity occurred at the end of the week before the end of the financial year. At that time, there was still no certainty regarding the distribution of budget funds to continue the work of the departments. “The recent regional divergence persists, with the US seeing outflows totaling US$19m last week, while Europe and Canada saw inflows of US$23m and US$17m, respectively.” CoinShares…

Key highlights:The total cryptocurrency market cap decreased from $ 1.12T to $ 1.10T in the past 24 hours, representing a -1.76% changeThe Bitcoin price at press time is $ 27,572 after falling by -1.45% in the last 24 hoursThe total crypto trading volume decreased by -1.76% in the past 24 hours, and is currently at $ 139.11BAll prices and changes are presented at the time of publication: October 3, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.10T after a -1.76% decrease on the day. The total crypto trading volume declined by -1.76% in the same time frame.Bitcoin is trading at…

The launch of EFUT marks the company’s second foray into the futures ETF market. US-based investment manager VanEck has officially announced the launch of the long-awaited Ethereum (Ether) futures exchange-traded fund (ETF), exposing traditional investors to the world of cryptocurrencies. According to a press release on Monday, the fund named VanEck Ethereum Strategy ETF (CBOE: EFUT) is structured as a C-Corporation. The investment vehicle is designed to be the sole ETF focused on ETH futures, potentially providing tax advantages for long-term investors. However, it is essential to note that the newly launched fund does not directly invest in cryptocurrencies like…

This month, about $200 million in crypto will be released into the market. At least six large projects account for over 80% of the total, or $174 million, as reported by TokenUnlocks. This considerable surge could create a substantial shift in the market dynamics of these assets. The so-called “token unlocks” process involves the distribution of previously restricted assets into the cryptocurrency landscape. Leading the pack, Axie Infinity (AXS) aims to release a staggering 15.13 million tokens—about 11.5% of its circulating supply — roughly worth $71.2 million. Another significant player, Optimism (OP) — an Ethereum (ETH) layer2 network — is…

Bitcoin’s 12–18 months UTXOs are not selling despite being close to the breakeven point. The average BTC holder was in profit at press time, with more optimism on display. Long-term holders of Bitcoin [BTC] are displaying unwavering belief in the coin, as BTC maintained its value above $27,000 as the new month began. This conclusion was a result of the realized cap’s new high. Read Bitcoin’s [BTC] Price Prediction 2023-2024 Support for BTC On 1 October, Glassnode revealed that the Bitcoin realized cap reached a 30-day high of $395.65 billion. ???? #Bitcoin $BTC Realized Cap just reached a 1-month high…

Coinbase has prioritized collaboration with regulators in key countries as part of its international expansion efforts. The exchange has actively developed and introduced products tailored specifically for Singaporean users. Coinbase Singapore has achieved a significant milestone by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). In its recent international expansion strategy, Coinbase emphasized the importance of clear regulations, innovation, and user trust. Singapore, with a growing interest in cryptocurrencies, has become a crucial market for Coinbase. 25% of surveyed Singaporeans are considering cryptocurrencies as the future of finance. Also, 32% reported having owned or…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The impact blockchain technology is having on the entertainment, creative, and sports industries is profound. Web3 is revolutionizing how fans experience entertainment content and how they engage with their beloved sports athletes and teams. The web3 industry is disrupting sports, entertainment, and culture. This is particularly the case in Asia. Hong Kong, for instance, has already taken bold steps to embrace the potential of the next internet. Hong Kong announced its eagerness to invest in web3 and…

The founder of the darknet marketplace Silk Road which dealt exclusively with Bitcoin, Ross Ulbricht, recently announced that he had spent 10 years in prison. Despite his fraudulent actions, Ulbricht is a popular figure in the crypto community as he is believed to have contributed to the accelerated adoption of the flagship cryptocurrency, Bitcoin.  Silk Road And Bitcoin Adoption Silk Road was an online black platform that was used to facilitate illegal activities, including drug trade and money laundering. Interestingly, Bitcoin was the only currency used to facilitate these transactions, as Ulbricht is said to have been a huge proponent of…