Author: CryptoHoppers

Optimism, a Layer 2 network built on top of the Ethereum network, completed a scheduled upgrade on Tuesday. According to an explainer post, the Bedrock upgrade advances a series of improvements, including reduced transaction costs.  The upgrade process began shortly after 12 p.m. ET, according to the network’s status page, and was declared complete around 3 p.m. ET. According to a status page run by OP Labs, most of the core functions have already returned to the network. Just before 6 p.m. ET, the upgrade status page said that the network’s public endpoint was back online. Some of the update…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SWIFT, the global financial messaging service, is partnering with major banks and Chainlink, a web3 infrastructure provider, to test the integration of public and private blockchains for global banking. The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the financial messaging system driving the majority of global monetary and securities transfers, has created a joint trial project to connect private and public blockchains. The collaboration involves leading banks, web3 infrastructure provider Chainlink, and several global financial organizations. The aim is to extend SWIFT’s prior blockchain interoperability efforts,…

Tether, which is responsible for the fintech platform, tether has initiated the first phase of billion-dollar funding that will go towards a renewable energy project in El Salvador. This is in relation to the backing, as well as furthering sustainable Bitcoin mining. The company will be making available the necessary amount of capital, as well as its domain exposure with regard to energy, hardware, and communications. All of this is aimed toward the creation of Volcanic Energy. This, in actuality, is a 241 MW renewable energy producer park in Metapan. They have the goal ahead of them to create the…

After being labeled as an unregistered security, ADA’s price fell sharply. The Cardano founder opined that the regulator was authoritarian. Shredding 7.64% in the last 24 hours was not something Cardano [ADA] holders would have imagined at a time when the token was having a relatively good season. But the U.S. Securities and Exchange Commission (SEC) had other plans. Realistic or not, here’s ADA market cap in BTC’s terms In the latest round of regulatory proscription, the agency shortlisted ADA, Solana [SOL], Polygon [MATIC], Binance Coin [BNB] among other cryptocurrencies, as securities. Although the lawsuit was directed at Binance, ADA appeared…

Embracing the Metaverse: 0N1 Force Comeback Tour Partners with Theia3D In an exciting turn of events that’s shaking up the digital universe, the 0N1 Force has announced its spectacular comeback tour. At NFTCulture, we’re particularly thrilled by this news, not least because of the extraordinary new partnership announced alongside it: the alliance between 0N1 Force and Theia3D. Theia will help expand our IP across the metaverse, starting with 0N1 World in Fortnite Creative 2.0. As industry observers, we’ve seen Theia3D’s impressive work in the realm of 3D technology, where they have made a mark by adeptly expanding intellectual properties across…

Bitcoin mining has recently been at the center of attention as a potential beneficiary in a crucial negotiation. Ohio Rep. Warren Davidson has revealed that a tentative deal, designed to prevent the United States government from defaulting on its debts, may bring relief to cryptocurrency miners.  In particular, the deal is expected to scrap a proposed tax on the energy consumption of these miners. This development brings hope to the cryptocurrency community, as it could potentially remove a significant hurdle for Bitcoin miners and pave the way for continued growth and innovation in the industry. Lawmakers Introduce Bill To Suspend…

TRON DAO recently announced burning its old batch of TRX, adding up to 268,971,097. The development was a part of TRON’s strategy to elevate TRX’s market value. Moreover, the move was made to improve TRON’s overall ecosystem efficiency. The DAO released an official post to inform users about the development. The post mentioned how TRON concluded the burning in four transactions. In addition, the DAO posted a link where users can track the conversion of the old batch. As soon as TRON’s strategy was announced, users started to get interested in the token’s market value. While it is currently trading…

Bitcoin has just made a significant stride in the world of non-fungible tokens (NFTs) with the introduction of the BRC-721E token standard. This new development, created by Ordinals.market and Xverse Bitcoin Wallet, is set to revolutionize the NFT landscape and further establish Bitcoin’s presence in the market. Let’s explore what this means for the world of NFTs and how it simplifies the process for NFT collectors to migrate to the Bitcoin network. The BRC-721E Token Standard The BRC-721E token standard is a groundbreaking protocol that enables Ethereum-based ERC-721 projects to seamlessly transition to the Bitcoin network. The process involves sending…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Reserve Bank of Australia (RBA) recently released a report discussing the potential of stablecoins and CBDCs, highlighting the importance of regulatory mechanisms for digital assets. In an update from Australia, the RBA has released more information from an ongoing inquiry concerning a digital assets bill. The bill will regulate crypto platforms, custody services, and particularly stablecoins, a form of digital currency. The RBA has put a spotlight on stablecoins in its review. Although the bank acknowledges stablecoin activity in Australia as being limited at present,…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Apple’s new Vision Pro MR headset, with dual processor architecture and a dozen cameras, is not likely to be a realistic purchase for the masses just yet, despite its impressive specifications. The device was announced on June 5, and is years ahead of competitors such as Meta. It is priced starting at $3,499, a cost that will most likely be prohibitive for most consumers. The Vision Pro, unveiled by Apple, is a wearable computer with a three-dimensional user interface that blends digital content with the real…