Author: CryptoHoppers

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Department of Justice (DoJ) is reportedly considering fraud charges against Binance, a cryptocurrency exchange. Federal prosecutors are hesitant to bring charges, fearing that funds will be rapidly withdrawn, as seen with FTX last year. Focus on Binance According to Semafor, the prosecutor is concerned about how the ongoing allegations between the Securities and Exchange Commission (SEC) and Binance could impact the situation.  Sources allegedly close to the matter state that prosecutors are considering other options, such as fines or deferred/non-prosecution agreements, to hold Binance accountable for…

Despite recording a profit, Robinhood recorded a fall of 18% in its crypto trading revenue in Q2. In June, Robinhood discontinued support for all tokens identified as securities by the SEC. American financial services firm Robinhood [HOOD] has recorded a net income of $25 million in the second quarter of 2023. This is the first time it has turned profitable since going public in 2021. The company recorded crypto trading revenue of $31 million in Q2, a fall of 18% from $38 million in Q1. The amount of $31 million in crypto trading revenue in Q2 represented 16% of the…

Top Stories This Week Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration U.S. Securities and Exchange Commission Chair Gary Gensler has commented publicly about the recent ruling on the agency’s suit against Ripple, saying the SEC is “still looking at it and assessing that opinion.” Gensler declined to comment further on the case, but said the commission is pleased with the court’s decision stating that XRP was a security when sold to institutional investors, but disappointed with the non-security ruling for retail investors and other XRP distributions. Comments made by the regulator on July 21…

The looming prospect of a U.S. Department of Justice (DOJ) action against Binance, the largest crypto exchange, may hold a silver lining for Bitcoin and the broader markets. Even if this sounds crazy at first, there are good arguments for it. Rumors have been swirling for weeks about a potential DOJ action against Binance, a threat that has cast a long shadow over the markets, leading to increased volatility and uncertainty among investors. Yesterday’s report by Semafor has rekindled the rumor, but also gave it a new perspective, hinting that these developments may be a blessing in disguise for Bitcoin…

UAE, the United Arab Emirates, has made a decision to advance its efforts in transforming the region digitally. The most recent development comes in the form of the UAE Pass, a digital identity that grants access to its citizens to over 6,000 services. These include public and private services, which are key to their everyday life. The step aligns with the mission of promoting digitalization via the implementation of digital identity. People will have to download the mobile application and activate their respective accounts by scanning their identities. It will cover the services of more than 130 organizations – federal…

Wow, this is absolutely mind-blowing! ???? Sotheby’s Gen Art presents the legendary Vera Molnár and her groundbreaking project “Themes and Variations.” ???? Prepare to embark on an artistic journey like no other, exploring the intersection of technology, letters, and pure abstract forms. This project is truly at the forefront of the digital art boom, thanks to the innovative NFT space. “All these variations around letters resonate in me like music. Even though I stopped playing the piano at the age of 15, music has never left me. I immediately think of Goldberg Variations or Beethoven’s Diabelli Variations on a Waltz.…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The intersection of crypto and artificial intelligence (AI) is a fascinating topic gaining attention from investors and tech enthusiasts.  Two projects, Chainlink and Borroe, are particularly noteworthy for implementing these technologies.  Let’s examine these projects and how they are changing the crypto and AI landscape. Crypto mania Crypto popularity can be traced back to the influence of online communities and social media.  These digital assets often have unique names and logos, and their practical use has driven their success.  While some were initially viewed as a novelty,…

Key highlights:The total cryptocurrency market cap decreased from $ 1.20T to $ 1.18T in the past 24 hours, representing a -1.31% changeThe Bitcoin price at press time is $ 29,149 after falling by -1.68% in the last 24 hoursThe total crypto trading volume decreased by -1.31% in the past 24 hours, and is currently at $ 185.69BAll prices and changes are presented at the time of publication: August 3, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.18T after a -1.31% decrease on the day. The total crypto trading volume declined by -1.31% in the same time frame.Bitcoin is trading at…

Early Blockchain and Crypto project Cashaa, has launched a new “Crypto Business/Broker” account to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering and counter-terrorist finance and the EU Fifth Money Laundering Directive (5AMLD). “We have put our experience of dealing with hundreds of crypto businesses and extended our capabilities through technology to our customers to give them the freedom to innovate with minimum worrying about the new FCA rules or 5AMLD,” said Kumar Gaurav, CEO Cashaa. In 2020, both the UK and the EU are enacting a number of new regulations that will impact the cryptocurrency…

Welcome to “Grails IV”, the latest season of PROOF’s signature art collector experience. We’ve gathered a group of 20 diverse artists who are ready to present you with a wealth of limited edition, series, and generative artworks. The twist? The artists’ identities remain shrouded in mystery until our post-mint live reveal event. The minting process is set to commence on August 7 at 10:00 AM CT. Grails IV is live. https://t.co/BchFL1mHhd pic.twitter.com/qUeTcVGVKh — PROOF (????,????) (@proof_xyz) July 28, 2023 In order to mint a Grail, you’ll need a “Grails IV Mint Pass”. These passes will be airdropped to PROOF Collective…