Author: CryptoHoppers

Securing this license would mean that TikTok would be directly competing with big e-commerce companies like Shopee and Lazada in Southeast Asia. Short video platform TikTok’s parent company ByteDance is recently in the early stages of discussions in order to secure a payment license in Indonesia. This shall further help TikTok to bolster its e-commerce objectives in a major market, amid the heightened scrutiny from global authorities, especially the US. Getting a payment license would be a big advantage for people who create and sell things on TikTok. It would let TikTok make money from transaction fees. This means TikTok…

After an increase, LTC’s hashrate started to decline.  LTC was down by more than 8% in the last seven days, and the trend might continue.  All eyes were on Litecoin [LTC] on 2 August as it completed its halving process. The third edition of LTC’s halving took place when the network reached a block height of 2,520,000, which reduced miners’ rewards from 12.5 LTC to 6.25 LTC.  Read Litecoin’s [LTC] Price Prediction 2023-24 Even though this was a major development. Litecoin’s price did not have a positive reaction. It was also interesting to note that after a short surge, the…

Hyundai Motor, along with Kia Corporation, has successfully delivered their blockchain-oriented Supplier CO2 Emission Monitoring System (SCEMS) on the Hedera mainnet. This goes in favor of the latter and brings into focus two important issues. The first is that the network is recognized by businesses as going over and above the Governing Council. The second factor is related to data accuracy as well as safety aspects of Hedera, which is unquestionable.  SCEMS has been created with the intention of calculating carbon emissions throughout the entire supply chain. This provides the opportunity for Kia and Hyundai Motor to gain access to…

Alex Gluchowski, co-founder and chief executive of Matter Labs, the company behind zkSync, said Friday morning Asia time that allegations from Polygon about it partially copying the latter’s open-source code without proper attribution “could not be further from the truth.” Polygon alleged that Matter Labs’s recent release, Boojum, incorporated some code from the Plonky2 , a zero knowledge technology developed by Polygon. Although the Plonky2 system is open source, Matter Labs did not provide accurate attribution, Polygon asserted. This code was used in Boojum, a zero-knowledge proof system, which is deployed on the zkSync Era mainnet. “Today’s accusations are…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Maker is bullish, pointing to its role and potential in decentralized finance (defi). Approving the Enhanced DAI Savings Rate (EDSR) proposal could further incentivize DAI holders and increase demand for the stablecoin, subsequently driving MKR to new highs.  Based on on-chain data, it has been observed that some large wallets are accumulating MKR, possibly in response to Maker’s shift from a buy-and-burn model to a Smart Burn Engine.  Accordingly, there is hope that MKR could break above $1,300. While technical analysis points to bulls, a cool-off may see…

KPMG has published a report on Bitcoin, highlighting the ways in which it can actually contribute to the traditional ecosystem. The report comes at a time when the entire crypto market is going through turbulence. As for BTC, it is way below the expected mark of $30k. The token is currently trading at $29,452.40, down by 0.82% in the last 24 hours. The report marks a significant development as it signals positive prospects for the acceptance of the digital asset. The report has a total of four points that highlight how BTC, a symbol for Bitcoin, has been useful in…

The University College London (UCL) Centre for Blockchain Technologies is running the blockchain technology hackathon of the year called Block-Sprint – in partnership with Ripple and supported by Capital Enterprise. It will be part of a series of events from the 11th – 22nd November to help accelerate innovation in the areas of Payments and Decentralised Finance. Block-Sprint is a hackathon to help accelerate innovation in blockchain technologies and Artificial Intelligence (AI) within the areas of Payments and Decentralised Finance. 2019 is set to be the year people truly embrace the combination of AI and blockchain to take their businesses even…

Top Stories This Week Judge rules XRP is not a security in SEC’s case against Ripple Ripple Labs scored a victory in a district court in New York on July 13, with Judge Analisa Torres ruling partially in favor of the company in a case brought forth by the U.S. Securities and Exchange Commission (SEC) dating back to 2020. According to court documents, Judge Torres granted summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, but only in regard to programmatic sales on digital asset exchanges. XRP’s price skyrocketed within minutes of the…

Bitcoin (BTC) remains at the center of attention as Bloomberg Intelligence’s senior macro strategist, Mike McGlone, reiterates his prediction of the top crypto reaching $100,000. However, he cautions that the journey to this six-figure milestone may take work. During a recent interview with renowned crypto influencer Scott Melker, McGlone expressed his unwavering belief in Bitcoin’s potential to achieve a six-figure price.  Yet, he did raise a red flag, suggesting that the king crypto might encounter a significant setback along the way, possibly causing its value to dip below the $20,000 mark temporarily before surging toward the much-anticipated $100,000 level. Mike Mclone’s Bullish…

The much-anticipated legislation on stablecoins has hit a significant roadblock in the United States. The question on everyone’s lips is – who is to blame for this legislative stalemate? Is it the White House or House Financial Services Committee Chair Patrick McHenry?McHenry vs. White House: Crypto Bill Progress Amidst Stablecoin StalemateA bipartisan agreement on stablecoin legislation has eluded the House lawmakers, with Patrick McHenry (R-N.C.), the Chair of the Financial Services Committee, attributing the deadlock to the White House’s obstinacy. However, the committee’s leading Democrat countered this claim, suggesting that it was McHenry himself who brought the discussions to a…