Author: CryptoHoppers

In a noteworthy development, Circle, a Boston-based crypto firm, has made a crucial decision regarding its widely-used stablecoin, USDC, on the Tron blockchain. Effective immediately, Circle has ceased the minting of USDC tokens on the Tron platform, citing regulatory challenges faced by Tron’s founder in the United States as a contributing factor.Here’s what you need to know.Strategic Move for Network SecurityThe decision, communicated through a blog post on Wednesday, signifies Circle’s dedication to USDC, currently the second-largest stablecoin globally. This strategic shift is part of a detailed “enterprise-wide” risk assessment undertaken by Circle to address regulatory concerns and fortify the…

The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs’ co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions. Avalanche Hits Snag as Block Finalization Stall Disrupts Service Avalanche (AVAX) is grappling with a service interruption, echoing challenges previously seen on the Solana […] Source link

In an unprecedented move that bridges the gap between traditional art markets and the burgeoning world of Web3, Pizza Ninja #1 has been selected for a special Bitcoin Ordinals auction at Sotheby’s. This inclusion marks a monumental validation for the Pizza Ninjas project, signifying its high quality, demand, and the pivotal role it plays in the emerging Web3 art market. Sotheby’s: A Platform of Prestige for Pizza Ninja #1 Sotheby’s, one of the world’s oldest and most revered auction houses, has long been a stage for the world’s most prestigious works. The selection of Pizza Ninja #1, known as “The…

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…