Author: CryptoHoppers

Share this article Ethereum (ETH) successfully implemented the Dencun upgrade this Wednesday, which is set to lower gas fees for its layer-2 (L2) blockchains. The reduction is made possible by spaces reserved on Ethereum blocks called ‘blobs’, which will store transaction data sent by the L2 networks.Stani Kulechov, the creator of Aave Protocol and CEO of Avara, stated that this upgrade will provide accessibility to end-users through lower fees, especially for decentralized finance (DeFi) application users. “By reducing these barriers, Dencun paves the way for innovation, adoption, and growth of Ethereum,” he adds.Edward Wilson, from on-chain data firm Nansen, also…

In the rapidly evolving world of digital assets, non-fungible tokens (NFTs) have carved out a niche that marries art, technology, and ownership in unprecedented ways. As the NFT landscape continues to expand, questions surrounding the applicability of traditional intellectual property (IP) and copyright laws have become increasingly pertinent. A recent comprehensive study by the United States government sheds light on these questions, concluding that the existing legal framework is well-equipped to handle the nuances of NFTs. The Verdict: Adequacy of Current Laws Prompted by a query from two senators in mid-2022, the U.S. Copyright Office and the U.S. Patent and…

Bitcoin’s volatility takes center stage as the BlackRock iShares Bitcoin ETF (IBIT) outpaces MicroStrategy’s impressive holdings, marking a seismic shift in the cryptocurrency landscape. MicroStrategy Trails As BlackRock Leads The Charge BlackRock’s iShares Bitcoin ETF (IBIT) has swiftly overtaken MicroStrategy in the race for Bitcoin supremacy. In just under two months, IBIT has amassed a staggering 195,985 bitcoins, stealing the thunder from MicroStrategy’s 193,000 bitcoin stronghold. MicroStrategy, led by the fervent bitcoin advocate CEO Michael Saylor, had been a frontrunner in accumulating the digital currency since August 2020, showcasing a bullish stance. However, BlackRock’s IBIT, launched on January 11, has…

In a significant development for the blockchain community, Gnosis Chain has successfully deployed a version of the eagerly anticipated Dencun upgrade, introducing type 3 blob transactions on its network. The move is aimed at enhancing the scalability of decentralized applications (dapps) by leveraging the innovative concept of blobs. Gnosis Chain, which was previously known as xDai Chain, is a prominent sidechain that operates in parallel with Ethereum and is managed by GnosisDAO. With a total value locked (TVL) exceeding $320 million, Gnosis Chain is a vital hub for various dapps, including well-known projects like Balancer, Spark, Aave, and Aura. The…

PRESS RELEASE. In a significant stride towards revolutionizing the decentralized finance (DeFi) landscape, xuirin Finance is excited to announce the launch of its presale, effective immediately. This pivotal event marks a monumental milestone for the innovative DeFi platform, known for its comprehensive suite of services designed to transform how international transactions are conducted. xuirin Finance, […] Source link

In the world of cryptocurrency trading, there is a common belief that distinguishes good traders from great ones: while good traders ride trends regardless of direction, great readers capitalise on rangebound price movements for maximum profit. Transitioning from being a good trader to a great one may seem daunting, but there is a simple method: employing the Wyckoff pattern. This pattern is popular for understanding and trading ranges. In this article, we will delve into the intricacies of this pattern, offering you a comprehensive understanding of its principles and how to apply them in the realm of crypto trading. Whether…

Since its inception, Bitcoin has experienced annual price declines in only four of 14 years.  Despite its inherent volatility, this shows the overall trend of growth and long-term utility of Bitcoin (BTC) as an asset class. With BTC hitting its all-time high of $72,000 today, the leading cryptocurrency is up by over 260% annually. But this isn’t the only time BTC has recorded significant yearly gains.  Since the token started first trading in March 2010, BTC has experienced an annual decline only in 2015, 2019, 2022, and 2023.  “Every investor who has ever entered the Bitcoin market is currently enjoying…

Meme coin mania is in full swing as the new trading week begins. Among the Ethereum-based tokens gaining traction, Smog (SMOG) is catching investors’ attention alongside the surge in prices of Pepe (PEPE) and Floki (FLOKI). The speculative mania surrounding the sector has propelled these tokens into the spotlight. PEPE Regains Momentum After Weekend Pullback […] Source link

Share this article zkLink, an infrastructure layer that makes it easier to move assets across blockchains, has launched its public Nova mainnet today, the first Aggregated Layer 3 zkEVM rollup network utilizing zkSync’s ZK Stack.Addressing critical challenges such as liquidity fragmentation, multi-chain dApp development complexities, and isolated assets and applications, zkLink Nova’s Aggregated Layer 3 Rollup offers a comprehensive solution.The mainnet’s integration with leading Layer 2s, including Arbitrum, Linea, Manta, Mantle, and zkSync, establishes a connective layer that enhances liquidity and asset transfers throughout the Ethereum ecosystem. “This represents a major milestone for both zkLink and the wider Ethereum ecosystem…

In an eyebrow-raising turn of events that has the crypto community buzzing, Kevin Rose, the notorious co-founder of the once-celebrated Moonbirds NFT collection, has kicked off a controversial and sizable offload of his digital art assets. This strategic maneuver, which has seen Rose ditch approximately $1 million worth of NFTs, raises serious questions about his motives and the implications for the NFT market at large. The Fire-Sale Breakdown Rose’s recent actions involve dumping a significant portion of his NFT portfolio, racking up sales in the ballpark of $1 million. Among the high-profile pieces sold were notable artworks, which fetched hundreds…