Author: CryptoHoppers

A prominent crypto venture capitalist is naming the blockchain projects that he believes are the core networks in the digital asset space. Chris Burniske, the founder of Placeholder Capital, tells his 263,400 followers on the social media platform X that he believes five crypto projects have distinguished themselves. Burniske lists the networks and includes each project’s defining characteristic in a single word. “Bitcoin: conservatism. Ethereum: optimism. Solana: speed. Cosmos: sovereignty. Celestia: availability.” According to Burniske, the project’s unique value proposition attracts both users and developers and gets them to stick around for the long haul. “For core networks, often I…

contributor Posted: September 25, 2023 The network has been critiqued for relying on a centralized database, which poses a single point of failure. Mixin Network’s founder announced plans to address the issue in a live stream session. Mixin Network, a protocol aimed at tackling blockchain scalability challenges, recently confirmed that it suffered a substantial hack. The incident came to light following a report by SlowMist, a blockchain security consultancy. ????SlowMist Security Alert???? On September 23, the Mixin Network cloud service provider database was attacked, the amount of funds involved was ~ $200M. SlowMist is assisting in the investigation. Please wait…

Lately, the psychology of gaming has undergone a radical shift. In this era of play-to-earn, players want to be rewarded for the effort they put in and the time they spend. This fuels the innovative concept of the financialisation of video gaming. GameFi is an advanced application of this concept. In short, like what the title indicates, it combines ‘Game’ and ‘Finance’. It is one of the most sought-after concepts in the Web 3 environment. According to a Metaverse Awareness Survey report published in the World Economic Forum platform, 40% of respondents expressed a desire to engage in both the…

Bitcoin (BTC) analyst Willy Woo has sounded the alarm on a significant challenge that could hinder the future growth of the world’s leading cryptocurrency. In a recent revelation on the social media platform X, Woo highlighted a concerning obstacle that could hinder its potential for future growth.  Woo’s analysis focused on the growing dominance of Bitcoin derivatives, often referred to as “paper” coin, and its implications for the cryptocurrency’s liquidity and price stability. Rise Of Bitcoin Derivatives Threatens Liquidity According to Woo, this surge in BTC derivatives trading is gradually siphoning liquidity away from the actual coins. He emphasized the…

contributor Posted: September 26, 2023 Binance Japan could launch stablecoins in the region in collaboration with MUTB MUTB is the subsidiary of the financial giant – Mitsubishi USJ Financial Group Binance – the world’s largest crypto exchange by trade volume – seems to be accelerating its development in the East. This was despite troubles with regulatory authorities in the West. According to a report by Coinpost, the exchange could introduce a new stablecoin in Japan in collaboration with a leading financial institution. Binance to aid stablecoin growth in Japan? The institution in the spotlight is MUTB, a subsidiary of Mitsubishi…

A Four-Day Fusion of Art and Community: A Glimpse Into Marfa’s Upcoming Celebrations The quaint town of Marfa, Texas, renowned for its desert landscapes, contemporary art, and a distinctive cultural vibe, is about to come alive with a mesmerizing blend of art, technology, and community. Scheduled from the 21st to the 24th of September 2023, this event promises an unparalleled confluence of creativity and technology. From interactive art installations to enlightening panel discussions, the Marfa Art Weekend is poised to offer an experience like no other. Celebrating NFT and Generative Art The event, organized by ArtBlocks.io, aims to make art…

Many artists have pivotal pieces in their portfolios that marked a turning point in their careers or personal growth. Do you have such a piece? If so, could you tell us about it? I believe I have at least three pivotal pieces in my portfolio. The first one is the digital collage I made for “The Art of Gender and Sexuality”. It marked the beginning of my journey in the web3 space as a creator – before that, I was just a watcher. Plus, it influenced the topics in my work: freedom of expression, sexuality, sensuality of the body. The…

A former attorney of the U.S. Securities and Exchange Commission (SEC) believes prosecution by the Department of Justice (DOJ) is necessary to deal with crypto grifters. John Reed Stark, who spent 15 years as an SEC enforcement attorney leading cyber-related investigations, says crypto criminals treat regulatory enforcement with levity. DOJ prosecution in crypto-related fraud cases was lacking compared to the numerous enforcement actions by the SEC, he wrote on X. The situation is “mind-boggling,” Stark added. SBF’s Mom and Dad: Criminal Beneficiaries, Profiteers, Conspirators and EnablersI served for almost 20 years as an attorney in the SEC Division of Enforcement…

Cream Finance’s native token, CREAM, has experienced a 60% price surge, making it the star of the weekend in the decentralized finance (defi) sector. Per data from CoinMarketCap, captured by blockchain analysts Lookonchain, the price of Cream Finance’s CREAM token surged by more than 60% on Sept. 23. CREAM price chart | Source: CoinMarketCap via Lookonchain According to Lookonchain, the token’s impressive rise is primarily credited to Jeffrey Huang, better known as Machi Big Brother, whose strategic maneuvers in the crypto market have been the subject of past controversies. Lookonchain’s assertions were corroborated by fellow on-chain data analysts, Spot On…

Top Stories This Week SEC sees temporary setback in request to access Binance.US software The United States Securities and Exchange Commission has failed to win immediate access to Binance.US’s software, with the judge saying he isn’t “inclined to allow the inspection at this time.” The hearing was held on Sept. 18 to discuss the SEC’s motion to compel Binance to hand over detailed information and make its executives more available for depositions. In a hearing, Judge Faruqui said that he wasn’t “inclined to allow the inspection at this time.” Alternatively, he proposed that the SEC should come up with more…