Author: CryptoHoppers

Graham Steele, Assistant Secretary for Financial Institutions, underlined the potential risks of a retail CBDC. Steele believes that having several options for payment operations promotes competition in payments. The U.S. Treasury Department is looking into ways to keep retail transactions in a potential digital dollar as private and anonymous as possible, said Graham Steele, the Assistant Secretary for Financial Institutions. He added that the U.S. hasn’t yet determined whether to go ahead with a central bank digital currency (CBDC). Steele, at the Transform Payments USA 2023 Conference held in Texas, also said “It is important that we consider the extent to which…

An analyst who nailed the 2018 bear market bottom for Bitcoin (BTC) believes that the crypto king’s correction is not yet over. Pseudonymous crypto strategist Bluntz tells his 223,000 Twitter followers that he expects Bitcoin to go on a quick bounce before resuming its downtrend. According to the trader, Bitcoin’s bearish chart suggests that more bad news stories could be in store for the crypto space. “Now that price action has unfolded a bit longer, I think sub-$24,000 is probably likely. It definitely feels like some kind of sideways-running triangle forming here on the four-hour (chart) with the underlying trend…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dr. Emin Gün Sirer, who leads the development of the Avalanche protocol, is set to testify before the U.S. House Financial Services Committee. Computer scientist and key developer of the Avalanche protocol, Dr. Emin Gün Sirer, is poised to testify before the U.S. House Financial Services Committee. The announcement was first revealed via a tweet, and Sirer himself later confirmed this, expressing gratitude for the opportunity on his own Twitter feed. My written testimony for the House Financial Services Committee hearing on blockchains and the future…

The US Securities and Exchange Commission (SEC) said it anticipates it will take 120 days to respond to Coinbase’s request for rulemaking on digital asset trading.  The agency said it has not decided what action to take on the request and downplayed Coinbase’s request for a faster response, claiming it might be due to the “weakness” of its claim. In a document filed in the United States Court of Appeals for the Third Circuit, it maintained that the petition should be denied. “There is no merit to Coinbase’s extraordinary request for a writ of mandamus to compel the Commission to…

  Attention all KodaPendant holders! Prepare yourselves for a thrilling opportunity to claim a physical version of your beloved digital pendant. Gucci and Yuga Labs have announced the launch of a two-week claim window exclusively for KodaPendant owners, starting from June 21, 2023, at noon ET and ending on July 6, 2023, at noon PM ET. To determine eligibility, a snapshot of KodaPendant holdings will be taken on June 21, 2023, at 10:00 a.m. ET. It is crucial to note that only KodaPendants owned prior to this snapshot will be eligible for the physical claim. So, make sure you’re ready…

Bitcoin miner TeraWulf has successfully procured an amount of $9.5 million from stock shares. Additionally, it has also managed to make an addition by securing a further amount of $7.5 million through the assistance of an already existing loan amount it had. This funding amount will be put to proper and functional use in TeraWulf’s aspirations and plans to upgrade and bring about total changes to the existing system, coupled with building and working on avenues to successfully and effectively increase the earning possibilities and overall potential of the mining facilities which are in their current possession.  In this regard,…

Polygon is in the process of creating the Value Layer for the internet, which will allow a user to build, as well as share and program the Value Layer. This is similar to the internet offering the option of building and sharing information. The internet is known to establish connectivity with information. It makes it possible for decentralized finance, digital ownership, and new mechanics to blend, along with many other features.  In the case of Polygon, it is Polygon 2.0 that will provide the necessary assistance in creating the Value Layer. There are a lot of suggested upscaling activities that…

There have been at least 100 physical attacks against Bitcoin holders or infrastructure facilitating BTC transactions, a recent list documenting all recorded attacks on June 12 shows. The list records all known physical attacks on BTC holders or facilities, including crypto ATMs, as early as 2014. Over 100 Recorded Physical Attacks Against Bitcoin Holders The list published on GitHub, a public code repository, and shared by Bitcoin supporter Jameson Lopp, the chief technical officer of Casa, shows that the first recorded attack on BTC was in 2014 when Hal Finney fell victim. Finney was one the first supporters of Bitcoin who was…

ApeCoin DAO, the Web3 organization associated with ApeCoin, has recently come under fire for its high payouts and alleged detachment from the community. The DAO has been paying salaries and fees of up to $75,000 per month to its leadership board, leading to criticism of their remuneration practices. The controversy was sparked when the ApeCoin DAO secretary, known as Vulkan, shared an organizational chart on Twitter, revealing the salaries of the governance board. Many people expressed outrage at the disproportionately high salaries of certain positions, particularly the moderators responsible for managing the community forum. Web3 observers took to social media…

Binance claimed in its filing that SEC freezing Binance’s assets would put customers at risk. It instead suggested that it could transfer all of its assets to BAM, with only Binance.US employees in control of the assets. Binance [BNB] has requested the court to deny the U.S. Securities and Exchange Commission (SEC)’s restraining order since it would effectively end the company’s business. The SEC called for a temporary restraining order to freeze the funds frozen until Binance.US can demonstrate that no company member, including the owner Changpeng Zhao “CZ,” has access to them. However, in a filing to the U.S.…