Author: CryptoHoppers

A recent development shows that Bitcoin whales have refused to be deterred by the recent price action of the flagship cryptocurrency. Instead, they have chosen to see it as an opportunity to accumulate more BTC. This move could turn out to be really profitable based on a recent analysis by crypto analyst Ali Martinez.  An Increase In Bitcoin Whales Ali Martinez stated in an X (formerly Twitter) post that 46 new entities now hold 1,000 BTC or more, which represents a 3% increase in just two weeks. Data from BitInfoCharts further shows that there are now 1,898 wallet addresses holding…

Journalist Posted: December 26, 2023 The latest outage disabled block production for close to five hours. This was the second network outage in eight days. Popular layer-2 (L2) blockchain zkSync Era fixed a network glitch, one that disabled block production for close to five hours, as per an admission by the network developers on social platform X. Another glitch on zkSync Era The team stated that one of the network’s automated safety protocols was impacted by a bug in the server. However, the same was fully resolved. zkSync Era assured its users that a post-mortem report detailing the cause of…

Unlocking the Potential of Sei Network for NFT Artists and Projects Sei Network is swiftly carving out its place in the NFT landscape, leveraging its specialized blockchain technology to revolutionize digital asset exchange. As an open-source Layer 1 blockchain, Sei Network sets itself apart with its exceptional speed and efficiency, offering an ideal platform for a variety of applications, particularly NFT marketplaces. This platform is not just technologically advanced; it is also rich in resources, thanks to a substantial ecosystem fund aimed at empowering developers and creators. By focusing on speed, scalability, and community, Sei Network is fast becoming a…

The exchange rate of 1 USD to INR in 1947 was ₹3.30. In the subsequent years, the Indian rupee has been losing value against the US dollar. As of August 2, 2023, the exchange rate between USD and INR was ₹82.73. Between 1949 and 1966, the exchange rate of USD to INR was ₹4.76. This was a fixed exchange rate, meaning that it did not directly reflect the supply and demand for the US dollar and the Indian rupee. Still, these market forces would periodically influence decisions to adjust the exchange rate between USD and INR. Between 1966 and 1975,…

With Bitcoin coming back into action, savvy investors constantly seek new avenues to maximize their returns. One such approach involves turning attention to stocks related to Bitcoin, especially in the context of the 2024 Bitcoin Halving. This strategy merits consideration for several reasons, particularly when compared to directly investing in Bitcoin itself.Bitcoin halving has historically been a period of significant financial interest and market movement. Each halving event has led to a notable increase in Bitcoin’s value, underscoring the potential investment opportunities surrounding these occurrences. The upcoming 2024 halving is widely anticipated to create a similar bullish momentum in the…

Unveiling the Power of Sei In the ever-evolving landscape of blockchain technology, Sei emerges as a groundbreaking Layer 1 blockchain, redefining the standards for digital asset exchange. This open-source platform transcends the traditional boundaries of decentralized finance (DeFi), extending its prowess to encompass a broader spectrum of digital assets, including gaming assets, social tokens, and NFTs. The Sei Phenomenon: Beyond a DeFi Chain Contrary to popular belief, Sei isn’t confined to the realms of DeFi. It’s a versatile platform designed for the universal exchange of digital assets. This distinction is crucial in understanding Sei’s unique position in the blockchain ecosystem.…

Palo Alto, USA, January 23rd, 2024, Chainwire Inaugural Sui ecosystem event comes to Paris April 10-11, 2024 Today, Sui Foundation and Mysten Labs announced Sui Basecamp, the first global conference dedicated to the Sui ecosystem, and a celebration of the builders and entrepreneurs building on Sui, the Layer 1 blockchain and smart contract platform the initial contributors of which are the technology team that emerged from Diem, Meta’s blockchain project. A premier event for the broader web3 ecosystem, Sui Basecamp will take place in Paris on Wednesday, April 10th and Thursday, April 11th 2024, and will feature builders and partners…

Fresh Look: Navigating the New Digital Waters of BAYC The Bored Ape Yacht Club (BAYC), a flagship project in the NFT world known for its iconic ape-themed digital collectibles, is making waves with its website’s major facelift. This move underscores the club’s commitment to evolution and relevance in the fast-paced digital realm. The revamped website isn’t just a cosmetic upgrade; it’s a reimagined digital hub designed to enhance community engagement and ownership. With features that facilitate a more interactive delegate process, BAYC is reinforcing its ethos of community and exclusivity, especially with the “Clubhouse” feature aligning with the upcoming Soho…

Bitcoin holders indulged in profit-taking as prices tanked. The number of short positions taken against BTC also increased. Even though Bitcoin [BTC] witnessed a price correction earlier this month, many addresses holding the king coin remained positive. However, the patience of short-term holders seemed to be running out of late, as BTC slipped past its $42,000 support level. A rise in profit-taking According to analyst James Van Straten, the aggregate profit or loss of all transacted coins indicated a prolonged phase of profit-taking in Bitcoin. This kind of trend has not been witnessed in the past five years. The only…

Posted: November 27, 2020 China-based blockchain infrastructure provider, Blockchain Service Network or BSN, which is backed by the Chinese Government, today announced that it has added major blockchain protocols such as Polkadot, Oasis and Bityuan into its network. In a tweet published on 26 November, the firm announced:  Welcome @Polkadot @OasisProtocol @Bityuanofficial into the BSN family! pic.twitter.com/yD6LfMlNDb — BSN (@bsnbase) November 26, 2020 Now, the new integration will allow the cross-chain protocol Polkadot’s developers to connect to BSN’s public chain. Moreover, Polkadot allows users to interoperate with a wide variety of blockchains in the Polkadot network and also enable cross-blockchain transfers of…