Author: CryptoHoppers

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Bitcoin (BTC) trading can be both lucrative and challenging. Developing effective trading strategies that can help traders navigate complex and ever-changing market conditions is one way to go about it. This is especially true as far as the world’s largest cryptocurrency is concerned, an asset that is no stranger to volatility over the years.  For a long time, the crypto’s price hovered between $200 and $1,000 on the price charts. However, in late 2017, BTC’s value exploded, hitting an…

South Korea is planning to introduce blockchain-based digital IDs for its citizens with a smartphone by 2024, according to Bloomberg. These digital IDs will be installed on smartphones and work as efficiently as physical resident registration cards. The call for digital IDs is not new as its importance was realized as soon as the world embraced a digital economy and more and more people began making cashless payments. Cautious of being seen as a “Big Brother,” the South Korean government plans to adopt a decentralized identity system. Suh Bo Ram, the Director-General of South Korea’s Digital Government Bureau, said that…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Bulls maintained upward momentum by smashing past $0.711 resistance level. Short positions represented 85.4% of total liquidations. Tron [TRX] extended its bullish momentum with 2.3% gains over the past 24 hours. This saw the altcoin smash past the key resistance level at $0.0711. This level that had earlier curtailed TRX’s bullish momentum as well. Realistic or not, here’s TRX’s market cap in BTC’s terms With Bitcoin [BTC] also posting gains of 1% over the past 24 hours to reclaim…

Policy • May 21, 2023, 10:42AM EDT U.S. President Joe Biden said he’s keen to strike a deal with lawmakers that would avoid his government from defaulting on its debt obligations but that doesn’t mean he’s willing to ink an agreement friendly to “crypto traders.””I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk [for Americans],” Biden said during the final day of G7 talks in Japan.This is not the first time in recent weeks that Biden has chosen to take a shot at cryptocurrency investors amid a…

Bitcoin surged to a nine-month high as investors got the expected CPI data that bolstered Federal Reserve will slow the interest rate hike.  Yesterday, after the announcement of the Consumer Price Index (CPI), Bitcoin jumped to $26K. The CPI rose 0.4% in February, which was the expectation of the market. Dow Jones and Nasdaq also showed signs of reversal.  Bitcoin surged over 15% within a few hours of the CPI data announcement in the US. The highly anticipated FOMC meeting focusing on Federal Reserves’ next interest rate hike will kick off next week. Now the market is expecting another 25…

Ethereum recently talked about its focus shifting to the upcoming Cancun upgrade. The network has taken enough time to recover from the Shapella upgrade and is ready to progress. The latest bi-weekly developer call concluded with a consensus about the Dencun (Cancun-Deneb) upgrade. According to the devs, the upgrade will primarily focus on a rollup-centric roadmap. Ethereum has also named its proto-danksharding, a nickname for EIP 4844. This upgrade will introduce a new type of transaction called the blob-carrying transaction. It refers to a temporary data storage mechanic that can reduce transaction costs on L2-rollups. A team leader from Ethereum…

Ray Youssef, the former founder of Paxful, thinks Ethereum, the world’s largest smart contracting platform, is a “drain and drag” on Bitcoin. Ethereum Slowing Down Bitcoin? In his post on May 21, it is evident that the former CEO is critical of Ethereum and thinks it is a hindrance and obstacle to Bitcoin’s progress. Breaking down his view, Youssef appears to suggest that Ethereum’s impact has been largely negative, delaying advancements in crypto. Ethereum is simply a drain and drag on #bitcoin We should be grateful that it slowed things down as we needed time to figure things out and…

E-commerce giant Shopify has launched its new blockchain suite of products for merchants. This development is expected to improve user experience on web3-based stores hosted on Shopify. In addition, merchants can utilize token gating and leverage new features on the expanded wallet ecosystem.  Blockchain Suite Offers Shopify Users Great Benefits   According to Shopify’s blockchain team designer ryancreatescopy on Twitter, merchants can use new tools to build token gating apps on the e-commerce platform. Token gating is a common feature in the Web3 space and is a verification method for communities to provide exclusive access to certain events, contents, and drops. …

Top Stories This Week Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million Bitcoin has crossed a significant threshold this month — there are over 1 million addresses that hold at least 1 BTC. Data from Glassnode shows an escalating pattern with regard to the amount of so-called Bitcoin “wholecoiners.” If the trend continues, Bitcoin price escalation could soon make buying it not only a luxury but something potentially unattainable altogether, according to Adam Back, co-founder and CEO of Bitcoin firm Blockstream. This hyperbitcoinization refers to the moment when the benefits of Bitcoin for financial transactions will eventually lead…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following the recent Shapella upgrade, the proof-of-stake blockchain has now enabled withdrawals for the first time, resulting in a surge of activity among ETH holders who are eagerly staking their tokens with network validators. As a result, deposit activity has reached its highest level since the implementation of the Shapella upgrade last month. A remarkable milestone Just a month after the successful implementation of Ethereum’s Shapella upgrade, the network has witnessed a remarkable milestone as the total volume of staked ETH has surged past 20 million.…