Author: CryptoHoppers

The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETH +3.05% ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.”We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration — the equivalent date to Jan. 10 for BTC ETFs,” Geoffrey Kendrick, head of Standard Chartered Bank’s forex and digital assets research, wrote in a report on Tuesday. “If ETH prices…

Posted: November 19, 2020 French international banking group BNP Paribas is in the news after the conglomerate, along with the French bank CA CIB and the French investing company Caisse des Dépôts, announced the launch of a project exploring a digital interbank currency (DIBC). The venture in question will also include tokenizing solutions firm Tokeny and The Blockchain XDEV (A subsidiary of the Blockchain Group). In fact, the project’s members have even called upon other international participants, with the project expected to be completed by 2021. The participants in question have chosen Ethereum and Tezos blockchain technologies to explore how…

Privacy and security remain paramount concerns in the rapidly evolving world of blockchain technology. Fhenix, an emerging cryptographic project, promises to address these issues through Fully Homomorphic Encryption (FHE). This innovative approach to intelligent contract computation marks a significant leap in blockchain technology, offering a blend of transparency and confidentiality. This guide delves into Fhenix, exploring its concept, technology, and potential impact on the blockchain ecosystem. Concept and Vision Guy Itzhaki, Fhenix CEO, brings extensive experience from his tenure at Intel and collaboration with Accenture. His journey in blockchain technology led him to Fhenix, aiming to revolutionize data management in…

Bitcoin has generated an annual return on investment of more than 150%. It is expected only to rise, especially since its ETF has been approved. A total of 11 applications have made their way into the market, allowing traders to diversify their portfolios. Udomsak Rakwongwan, a researcher from Kasetsart University, has backed the token by saying that 2024 should offer it some growth. Udomsak is also the founder of FWX, a decentralized DeFi platform. They have based their statement on the assumption that many Bitcoin enthusiasts believe in the future bull run. The market cap of Bitcoin has fallen to…

In a recent development within the XRP Ledger (XRPL) ecosystem, a proposal by RippleX’s Director of Software Engineering, David Fuelling, aimed at restructuring the XRPL Foundation’s governance has sparked controversy. This proposal has led to significant community debates and the departure of key validators. Proposed changes to XRPL foundation’s governance Fuelling’s proposal centers on establishing a new, community-led governance system for the XRP Ledger Foundation (XRPLF), a non-profit organization supporting the XRPL ecosystem. He highlighted the lack of clarity in the Foundation’s membership rights and responsibilities and proposed a more structured approach. The suggested changes include creating three distinct membership…

Blockchain technology is reshaping many fields, with the gaming sector being the talk of the town. Last year’s acquisition of the blockchain game streaming platform Azarus by Animoca Brands, a Hong Kong-based Web3 gaming giant, marked a significant development in this arena. Gaming is a big market, and people love to watch streamers. With such a great confluence of markets, this seems like a winning idea. ???? BIG NEWS ???? Azarus has recently joined the @animocabrands family ???? and we’re celebrating by launching Supercharged Streams! Earn 3X Azarus Rewards on these streams, then redeem them in our store (at a…

Bitcoin has had a depressing week following the approval of spot Bitcoin ETFs in the US, becoming what many feared might be a sell-the-news event. The top crypto dipped below $38,700 during the week for the first time since early December, following a sell-off from digital asset fund manager Grayscale. However, the crypto is now showing signs of recovery and is now trading above $42,600.  According to a social media post by John Bollinger, the legendary creator of the Bollinger Bands, Bitcoin might be done with the selloff, suggesting that the downtrend is already at a bottom.  Bollinger’s Bullish Stance…

Chainlink Automation is currently live on Base, a Layer 2 blockchain renowned for its speed and scalability. It has been supported by Ethereum and nurtured by Coinbase. This integration will provide Base developers with access to gas-efficient, decentralized, and authenticated smart contract automation capabilities. Chainlink Automation is known to be the safest, most dependable, and most cost-friendly automation solution for Web3 developers. Base developers will be capable of offloading compute-related work on the Chainlink Network. This will deal with authenticable factors related to blockchains and a reduction of 90% in terms of gas prices. Johann Eid, chief business officer of…

   Retroactive Rewards: The Past Meets the Present Magic Eden, a prominent player in the NFT marketplace, especially in the Solana (SOL) ecosystem, is setting the stage for a fascinating update. If you’re an active SOL NFT trader on Magic Eden, there’s exciting news for you! The platform has announced a ‘Diamonds airdrop’, slated for February 2nd, rewarding users for their past trading activities since 2021. This initiative is a nod to the platform’s commitment to recognizing and valuing user loyalty and engagement. The airdrop amount is speculated to correlate with your total trading volume. This approach not only acknowledges…

A team of chemists, led by Bartosz A. Grzybowski from the Korea Institute for Basic Science and the Polish Academy of Sciences, has embarked on an unprecedented initiative, utilizing blockchain technology to simulate over 4 billion chemical reactions crucial for unraveling the mysteries of early Earth’s origins. This groundbreaking approach repurposes cryptocurrency mining processes to tackle intricate scientific inquiries, showcasing the versatility of blockchain beyond its financial applications. The researchers set out to explore the potential emergence of primitive forms of metabolism without relying on enzymes. To accomplish this, they carefully selected primordial molecules like water, methane, and ammonia, and…