Author: CryptoHoppers

In the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on the current exchange rates. Leading the pack, Blackrock’s IBIT ETF holds a substantial 43% of this total, with 115,989.80 bitcoins in its coffers. $13.5B in […] Source link

In a significant move that underscores the dynamic evolution of the web3 landscape, Yuga Labs, the powerhouse behind iconic NFT collections such as the Bored Ape Yacht Club and Otherside, has announced its acquisition of PROOF, a key player known for the PROOF Collective, Moonbirds, Oddities, Mythics, and the Grails exhibition series. This strategic acquisition not only broadens Yuga’s portfolio but also strengthens its position as a leader in the web3, NFT, and digital art space. Uniting Titans of Digital Art and Culture Yuga Labs, renowned for its influential role in shaping the web3 lifestyle and media domain, has taken…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Kelexo is set to surpass Tron and Cardano as the first decentralized web3 loan platform, connecting lenders and borrowers without intermediaries. Leading cryptocurrencies Tron (TRX) and Cardano (ADA) have had notable peaks but are now struggling for consistent positive price movements. However, Kelexo (KLXO), one of the new projects making waves, has emerged as a strong contender in the blockchain sector. Expert analysis reveals that it’s well-placed to eclipse the prospects of Tron and Cardano and become one of…

Buterin identified prospects of synergy between cryptos and AI and the associated challenges. The Worldcoin project which combined cryptos with AI, generated a lot of controversy last year. Blockchains and artificial intelligence (AI) have become two of the most talked-about emerging technologies in the digital ecosystem. In isolation, they have significantly impacted many industries and interactions over the years. But what about the possibilities that could be unlocked because of the synergy between them? Do they complement each other? Or are we looking at challenges when the two converge? Vitalik Buterin’s “crypto +AI” mantra In a blog post titled “The…

Based on the latest available data, the Nasdaq-traded Microstrategy possesses 190,000 bitcoins, acquired at a cost of $5.96 billion. Presently, the value of the company’s bitcoin holdings has swelled to $9.88 billion. This marks a 66% increase in the firm’s bitcoin portfolio, a stark contrast to its performance just eight months earlier. From Decline to […] Source link

From Ladbroke Grove’s Streets to the Digital Canvas In the heart of London’s Ladbroke Grove, an area marked by its vibrant culture yet challenged by high crime rates and socio-economic struggles, emerged an artist whose journey is a profound narrative of resilience, inspiration, and transformation. This tale is not just about overcoming adversity but about how a challenging environment can become the crucible for remarkable artistic innovation. It’s the story of Beverly Kills, an artist who found solace and expression in art amidst the gritty backdrop of their neighborhood, evolving into a celebrated figure in the NFT art scene. This…

The digital asset firm Nexo has announced its partnership with Sift, aiming to upgrade its fraud prevention mechanisms. The collaboration between the duo is expected to streamline and secure the user experience for Nexo’s customer base, which exceeds six million globally. Nexo to Leverage Sift’s Fraud Protection Services By integrating Sift‘s payment protection and account […] Source link

On February 14, 2024, Citi Bank, in collaboration with Wellington Management and WisdomTree, achieved a significant milestone by conducting a proof of concept on the tokenization of private funds. This groundbreaking initiative took place on the Avalanche Spruce institutional test Subnet, showcasing the potential of smart contracts to transform traditional assets.Here’s more information about this clever undertaking.Simplifying a $10 Trillion Asset ClassThe proof of concept focused on tokenizing private funds, an asset class worth $10 trillion known for its complexity, manual processes, and lack of standardization and transparency.Citi Bank partnered with WisdomTree and Wellington Management to carry out the trial…

Quicknode, a leading blockchain infrastructure provider, has officially expanded its offerings to include support for Zksync hyperchains, enhancing its custom chains solution portfolio. This development introduces a new level of scalability and privacy for businesses leveraging blockchain technology, facilitated by the integration of cutting-edge zero-knowledge (ZK) proofs via a partnership with Matter Labs. Quicknode Reveals […] Source link

The digital art landscape is undergoing a transformation, marked by the resurgence of historical artistic movements reimagined through the lens of modern technology. Among these, Neo-Precisionism stands out as a compelling bridge between the geometric aesthetic of early 20th-century art and the boundless possibilities offered by Web3 and crypto art. This movement not only revisits but also revitalizes the principles of Precisionism to reflect contemporary themes, making it particularly relevant for today’s digital creators. The Evolution from Precisionism to Neo-Precisionism Early 20th-Century Precisionism: With its roots in the 1910s and 1920s, Precisionism celebrated industrialization and the modern landscape through abstract…