Author: CryptoHoppers

Data shows that Bitcoin investors have been showing signs of fearful sentiment as the price of the cryptocurrency has plunged below $27,000. Bitcoin Social Dominance Spike Suggests Fear In Market According to data from the on-chain analytics firm Santiment, BTC’s social dominance has seen an uplift recently. The “Bitcoin social dominance” is an indicator that measures the percentage of the total discussions involving the top 100 assets by market cap that mention BTC. What this metric tells us is how the current interest in BTC among investors compares with that of the altcoins. Historically, high interest in altcoins (meaning that…

The Australian Securities Exchange has announced that it will no longer be going forward with its much-anticipated CHESS replacement project.  The project sought to replace the exchange’s 25 year-old Clearing House Electronic Subregister System (CHESS), which is primarily used to manage transactions and keep track of shareholdings.  5 years in the making The plan, which was supposed to go live back in 2020, had been five years in the making and would’ve meant a great deal for the broader crypto-industry in terms of mainstream adoption. The exchange has been experimenting with distributed ledger technology (DLT) for the same too.  Consultancy…

No other ERC-20 token logged faster growth than PEPE. The majority of the meme trading has now switched to centralized exchanges.  Pepe’s [PEPE] unprecedented rise has made it more appealing for investors to look in the direction of memes, a 20 May Messari report revealed.  How much are 1,10,100 PEPEs worth today? The platform mentioned that after the first two weeks of emergence when it seemed like the broader market overlooked the token, participants’ eyes opened to the possibility of replication in other memes. Tales of early @pepecoineth buyers getting rich off small initial investments have made it more attractive…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Éric Larchevêque, the co-founder and ex-CEO of Ledger, a hardware wallet manufacturer, has spoken out in reaction to the cryptocurrency community’s widespread criticism of the release of Ledger Recover. Ledger is not flawed despite criticism Ledger Recover allows users of Ledger’s hardware wallet to back up their secret recovery phrases.  Larchevêque acknowledged that Ledger may have bungled its public relations but stressed that the issues weren’t due to technological flaws. On Reddit, Larchevêque addressed mounting concerns, adding that Ledger was never meant to be a trustless solution. He said users…

After garnering the required votes, a major proposal has just passed in the KuCoin network. The proposal aimed at raising Terra Classic LUNC burns tax to 0.5%.  Following the positive results, KuCoin declared increasing the LUNC network burn rate from 0.2% to the proposed 0.5%.  LUNC Network Burn Tax Spikes On KuCoin KuCoin took to Twitter to announce the increase in the burn tax. In its announcement, KuCoin stated that it would facilitate the Terra Classic LUNC and TerraClassicUSD (USTC) increase on its platform following the burn tax activation. Notably, the activation will occur at the designated Terrra Classic block…

Venom Foundation has announced that it has partnered with the government of Kenya, enabling the firm to venture its blockchain technology in the nation. The partnership is touted to help not just Kenya but other African nations as well. Specifically speaking, Venom Foundation will now establish a hub of blockchain technology in Nairobi, Kenya. The aim is to keep the cutting-edge technology of blockchain intact and drive innovation across the continent. Needless to say, Venom Foundation will leverage the existing potential of blockchain technology. Termed the Kenyan Blockchain Hub, the center will look to provide tools and resources to the…

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.Injective is up 7.25% today against the US DollarINJ/BTC increased by 7.35% todayINJ/ETH increased by 6.93% todayInjective is currently trading 15.04% above our prediction on May 25, 2023Injective dropped -13.50% in the last month and is up 204.00% since 1 year agoInjective price$ 7.14Injective prediction $ 6.20 (-12.99%)Sentiment…

Blockchain technology is the focus of a new partnership between Microsoft Corp, Goldman Sachs Group, Cboe Global Markets, and Deloitte. Their main objective is to develop a blockchain infrastructure that can connect institutional applications and encourage wider adoption of distributed ledger technology in financial markets. According to a press release from May 9, the Canton Network will be an interoperable blockchain with privacy features designed for the institutional asset management industry. It will make it possible to synchronize different financial markets that were “previously siloed.” Bloomberg calls the new venture “a collaborative effort that could be crucial to ledger technology…

The British government has undertaken a focused approach in revamping its semiconductor industry and will capitalize on its strengths such as designing and producing non-silicon chips, and intellectual property rights.  On Friday, May 19, Great Britain announced support of £1 billion ($1.2 billion) for its semiconductor industry. With this move, the United Kingdom joins the race with the US and EU to boost its domestic chipmaking capabilities and reduce its dependence on foreign players. The investment is part of the country’s 20-year strategy for semiconductors, after facing lengthy delays in the past. Furthermore, it also outlines UK’s plan to secure…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied DigiToads‘ code is secure following a thorough review by Coinsult, a blockchain security and audit firm. Meanwhile, pepe coin (PEPE) remains under pressure and faltering. As laws regulating crypto and the industry are being developed, the resulting weak check and balances have made malpractices widespread in crypto. Countless cryptocurrency firms have hoodwinked capitalists leading to losses. It is why investors seek assets that can be profitable and secure to invest their hard-earned capital in.  DigiToads, a cryptocurrency platform, is a protocol that investors can explore. It…