Author: CryptoHoppers

BTC may have approached the beginning of a bullish run. The coin circulation rests in an extremely low region. Bitcoin’s [BTC] failure to recover from its recent decline could be something that long-term investors may not necessarily need to worry about, based on signals from the Pi Cycle Top indicator.  Is your portfolio green? Check the Bitcoin Profit Calculator Historically, the indicator has been instrumental in picking out market cycles. Furthermore, the metric uses the 111-day Moving Average (MA) and a multiple of the 350-day MA with respect to the Bitcoin Price. Offering chances that lead to the pinnacle According…

Yesterday was not a remarkable day for the owners of the native token for the “Ethereum Killer”.  The team announced that Solana suffered a major outage which led to over a seven-hour downtime on its Network. According to the team, the downtime was caused by an “enormous amount of inbound transactions” from NFT minting bots. Standing at $96 before the downtime, the network’ s native token SOL quickly declined by 5% leaving it at $89.86 at the time of this press. What do we know about the coin’s performance in the past 24 hours? Worrying statistics… Following the prolonged downtime…

U.S. President Joe Biden has expressed his opposition to a debt ceiling agreement. Some people have chastised the President for lumping crypto traders and tax cheats together. United States President Joe Biden has expressed his opposition to a debt ceiling agreement with Republican leaders that would supposedly benefit cryptocurrency traders. Biden termed the Republicans’ proposed parameters “unacceptable” during a press conference on 21 May at the Group of Seven (G7) Summit in Hiroshima, Japan. He said, “I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly…

BitDAO, a prominent decentralized autonomous organization known for its sizable treasury, announced a merger with Mantle Network, an Ethereum Layer 2 solution to which it formerly provided funding. This consolidation was done following the approval of a governance proposal from BitDAO community members, titled BIP-21. The merger amalgamates BitDAO’s governance framework and treasury with the technical prowess of Mantle Network, thereby creating a newly unified ecosystem.  The primary aim is to refine branding, tokenomics, and create a unified product focus, according to a press release. In line with this, BitDAO’s governance token will undergo a rebranding, transitioning from BIT to…

Bitcoin gave out handsome returns in 2020 and 2021 when major industries were down amid the rising cases of the pandemic. The statement is important to highlight that Bitcoin cannot be underestimated despite 2022 being one of the worst years for the largest cryptocurrency in the world. It reportedly lost 65% in valuation last year, bringing down BTC by a huge margin compared to how it started in 2022. Experts cite that there is a chance for BTC to bounce back. A four-stage model has been laid down, stating that it happens over 4 years in the cycle. The model…

Neftify has extended the support to Optimism, allowing users to build and deploy their decentralized applications faster than before. Neftify is a blockchain RPC provider, and the venture coming out in support of the Ethereum L2 solution takes things to another level where deployment is much faster, cost-efficient, and scalable. The development comes to light to address the issues that the project faces on Ethereum. These are network congestion, high transaction fees, and scalability. Needless to say, all these factors together affect the adoption of dApps in the community. Optimism has been able to craft its way to circumvent these…

Bitcoin miners have been raking in historically high amounts of transaction fees recently, but on-chain data shows this cohort still isn’t selling. Bitcoin Miners Haven’t Transferred Much Volume Towards Exchanges Recently The transaction fees on the Bitcoin network have shot up recently because of the increased traffic caused by the Ordinals, a protocol that allows data to be inscribed into the Bitcoin blockchain with transactions. Generally, the transaction fees remain low during times when there is little activity on the blockchain as investors have no need to pay higher fees to get transfers through quickly. However, when the network is…

The Polkadot-based Astar Network recently announced the first web3 and blockchain hackathon sponsored by the Japanese Toyota Motor Corporation. HAKUHODO KEY3 company, co-founded by Astar and HAKUHODO, one of Japan’s largest advertising companies, will host the web3 hackathon on February 25 this year.  The Astar Foundation will sponsor the event with $75,000 and the web3 foundation with $25,000. According to a press release, the $100k will be used as a reward for winning projects chosen by Toyota, Astar Foundation, web3 Foundation, Alchemy, and HAKUHODO KEY3.  How Toyota Can Improve Operations By Using The Polkadot Network Sota Watanabe, CEO of Stake Technologies,…

This week, a judge adjudicating the ongoing Securities and Exchange Commission (SEC) versus Ripple, the blockchain company, issued a landmark ruling. At the same time, Ripple announced crucial strategic expansions. Also, the number of staked ethereum (ETH) rose to record highs. Meanwhile, crypto adoption rate remained considerably high despite ongoing regulatory considerations. The crypto scene was also flushed with apprehensions concerning Ledger’s recently introduced seed recovery feature. Ripple secures landmark ruling On May 16, Judge Analisa Torres, the US district judge overseeing the lawsuit between Ripple and the US SEC, delivered a series of rulings on motions previously filed by…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MetaMask, a popular Ethereum native non-custodial wallet, has updated its terms of use and now has the right to “withhold taxes where required”. This change in their service is why the cryptocurrency community on Reddit is beginning to question ConsenSys’ decision to change their terms of use.  It is not immediately clear what could have motivated ConsenSys to update its terms. However, companies regularly updated their terms and conditions to adapt to changing regulatory environments. Specifically on tax obligations, ConsenSys, the team behind MetaMask, acknowledges that taxes must be paid…