Author: CryptoHoppers

Imagine a currency that is not controlled by any government, bank, or institution, but rather by a decentralized network of computers around the world. This is the essence of Bitcoin, a digital currency that has been making waves since its inception in 2008.But what sets Bitcoin apart from traditional currencies is its unique monetary policy, which is determined by a series of halving events that occur every four years.The next halving event is scheduled to take place in 2024, and it has the potential to impact the entire cryptocurrency market.In this elaborately written article, we’ll dive into the world of…

Key highlights:The total cryptocurrency market cap increased from $ 1.05T to $ 1.06T in the past 24 hours, representing a 0.82% changeThe Bitcoin price at press time is $ 25,817 after growing by 1.24% in the last 24 hoursThe total crypto trading volume increased by 0.82% in the past 24 hours, and is currently at $ 240.31BAll prices and changes are presented at the time of publication: June 11, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.06T after a 0.82% increase on the day. The total crypto trading volume increased by 0.82% in the same time frame.Bitcoin is trading at…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Organization for Economic Cooperation and Development (OECD) has introduced a new tax framework specifically designed for crypto. OECD unveiled its Crypto-Asset Reporting Framework (CARF) at the end of a two-day ministerial-level meeting of its council held between June 7 and 8. Our new international tax transparency standards cover the updated Common Reporting Standard and the new reporting framework for crypto assets, further strengthening efforts to tackle tax evasion in a digitalised & globalised world economy.➡️ https://t.co/GMcvZOQXCc pic.twitter.com/8Z595Vutrn— Mathias Cormann (@MathiasCormann) June 8, 2023 Alongside amendments…

The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation purposes is bound to be a difficult endeavour. Additionally, regulatory taxation frameworks lack standardization, thus leading to a status-quo that confuses most digital currency holders. The appropriate philosophy behind taxes is that the process should be streamlined and easy to follow – however, we are…

Ongoing regulatory pressure has created a difficult working terrain for the banking partners of Binance.US. Binance.US has told its customers that they may not be able to buy crypto with their US dollars from June 13. The Thursday announcement follows after the Securities and Exchange Commission (SEC) filed a lawsuit against the exchange and its founder Changpeng Zhao (CZ) on Monday. SEC insists that Binance had violated the country’s securities laws. The exchange, on the other hand, says the regulator is only leveling “unjustified civil claims” against its business. The official announcement reads in part: “Today we are suspending USD…

Uniswap achieved a significant milestone by surpassing 250 million swaps. UNI declined by over 13% as V3 dominated TVL. Uniswap [UNI] has been making waves recently, as the platform crossed a significant milestone in the number of swaps. However, it’s not just the sheer volume of swaps that highlighted its growth since its launch.  How much are 1,10,100 UNIs worth today? Uniswap sees record swaps On 9 June, Uniswap reported an astounding achievement in the form of a groundbreaking number of swaps conducted on its platform. The figure, supported by data from Dune Analytics, recently surged past the 250 million mark.…

Cryptocurrency offers privacy, as it is a virtually untraceable payment method. The technology supporting these currencies is highly secure, which is another draw for those interested in cryptocurrency trading.Cryptocurrency trading is the practice of trading one cryptocurrency for another. People use this form of trade to enhance their crypto-wealth by making the correct market decisions. There are two types of trading in the crypto world: centralized and decentralized exchanges.Centralized exchanges allow for the storage and purchase of currencies, while decentralized eliminate the “go-between” when exchanging or trading cryptocurrency. Given the sensitive financial nature of these exchanges, security is paramount.While most…

Top Stories This Week U.S. SEC sues Binance and Coinbase amidst crypto crackdown Binance and Coinbase have been targeted in a new round of lawsuits by the U.S. Securities and Exchange Commission (SEC) against crypto businesses. The regulator pressed 13 charges against Binance on June 5, including those involving unregistered offerings and sales of tokens, and failing to register as an exchange or broker-dealer. The commission also went after Coinbase on similar grounds, alleging that popular cryptocurrencies offered by the exchange are securities. Trading volume across the major decentralized exchanges jumped 444% in the hours following the legal actions. In…

Bitcoin’s Implied Volatility begins to decline. Options market expects sideways momentum for BTC in the future. Price and velocity declined, indicating low transaction activity around BTC. Bitcoin’s price has seen some harsh volatility over the last few months, however over the last few days it has appeared that BTC is expected to move sideways in the near future. Is your portfolio green? Check out the Bitcoin Profit Calculator Some stability for BTC in the future? This was indicated by the declining Implied Volatility for Bitcoin. According to glassnode’s data, it has started to reach new lows. This showcases the options…

Theta Labs has announced securing the patent license from USPTO for its Tracker Service In Decentralized Data Streaming And Delivery Network. It can be verified at the official website of the USPTO by entering the patent number 11,659,015 B2. Alternatively, it can be verified by the pdf that has been published by Theta Labs. The receipt of the patent license validates the approach of Theta to a decentralized video streaming service that has been built by them. The streaming network, per the patent application form, is a multi-layer global cache that has peer viewers, Edge Nodes, and CDN Servers. Data…