Author: CryptoHoppers

Bitcoin mining companies continue to innovate despite market volatility. Fees generated per transaction decline. Holders don’t see any selling pressure. MVRV ratio begins to decline. Even though Bitcoin prices have been steadily growing in the last few months, the state of miners has been relatively volatile. With growing costs and a decline in miner revenues, the future of miners has been looking uncertain for quite some time. Read Bitcoin’s [BTC] Price Prediction 2023-2024 Don’t mine me That hasn’t stopped mining companies from launching new products to better service miners’ needs. Whatsminer, a leafing provider for mining hardware, recently introduced three…

MakerDAO’s new protocol could help improve DAI adoption. Selling pressure on MKR increased as MVRV ratio rose. Messari, in a 22 February tweet, announced the launch of MakerDAO’s new vertically integrated market, called Sparks Lend. The market will primarily be aimed at improving DAI adoption. 1/ The success of @MakerDAO’s stablecoin $DAI has largely been dependent on its acceptance across markets. In an effort to incentivize and control $DAI’s success and usage, the protocol is launching Spark Lend, the first vertically integrated market for $DAI.???? pic.twitter.com/TaucLnof5R — Messari (@MessariCrypto) February 22, 2023 Read Maker’s [MKR] Price Prediction 2023-2024 Spark Lend’s…

Bloomberg Intelligence’s senior macro strategist Mike McGlone is expressing bearish sentiment on Bitcoin (BTC) and other crypto assets. In a new Blockworks Macro interview, McGlone says that he sees the stock market falling off a cliff. According to the macro analyst, most altcoins will likely witness a severe correction following a drop in the stock market, with Bitcoin printing a new bear market bottom. “My base case is [the S&P 500 index] is going to 3,000, Bitcoin’s going to go down, I don’t know how far. It might make a new low. Cryptos will go down real hard. We’re going…

Wait a minute, is River Financial involved in El Salvador’s bitcoin story? Since when? Apparently, the highly respected financial institution is now processing the Chivo Wallet’s Lightning transactions. Which seems like a step in the right direction, but also comes with seemingly unnecessary counterparty risk. Why isn’t El Salvador handling the operation internally? And, will River Financial improve the Chivo Wallet’s usability? ? The time has come! ? ⚡ Announcing RLS: River Lightning Services ⚡ ? A Lightning Network gateway designed to power the next generation of payments ?? RLS is proud to power LN transactions for El Salvador’s Chivo…

MIAX said it has acquired LedgerX from Ledger Holdings Inc. as part of the bankruptcy proceedings of cryptocurrency exchange FTX. The deal comes amid robust trading in the crypto options market, the arena in which LedgerX operates. FTX US bought LedgerX in 2021 as part of a push into derivatives push in the United States. Through LedgerX, FTX US sought approvals to launch a wide range of crypto derivatives which they could then offer directly to users. LedgerX is registered with the Commodity Futures Trading Commission. Source link

Ohio’s and Indiana’s former reps, Tim Ryan and David McIntosh, head back to Washington to initiate discussions on the advantages of Bitcoin. They will chair BPI Action, an excellent effort involving the Bitcoin Policy Institute to educate the public and policymakers about the social and economic benefits of BTC and other digital innovations.  The unveiling of the 501(c)4 organization will take place at the Bitcoin Policy Summit on Wednesday in Washington. Tim Ryan, who has worked on crypto legislation, said that the conventional financial systems had left several communities behind without any proper guardrails to encourage innovation.  Digital innovations like…

Blockchain networks, specifically public blockchains, exist as decentralized networks that need to maintain byzantine fault tolerance to retain authenticity. This is not only difficult in itself but requires novel forms of distributed governance to achieve long-term sustainability of the network as a whole, balancing human intuitions and algorithmic governance.Governance of blockchains is one of the more fascinating and complicated topics in the space. Which blockchain networks can adapt, and how they adjust, will be vital to shaping the future landscape of the industry.The Current Governance StructureBlockchains aside, it is worth evaluating how governance functions within major institutions and the Internet…

Bitcoin miners face a tough predicament as Marathon Digital CEO Fred Thiel sounds the alarm on US President Joe Biden’s proposed tax policy. With the potential implementation of new taxes targeting American Bitcoin miners, Thiel said that the intended revenue gains might be overshadowed by an unintended consequence. Thiel sounds a cautionary note, emphasizing that this move could inadvertently drive these miners to relocate their operations outside the country.  US President Joe Biden. Image: Andrew Harnik/Associated Press Biden’s Proposed Tax On Bitcoin Miners Bitcoin miners are facing an imminent threat as Biden’s administration unveils a tax proposal targeting their operations. …

Image Source: Chan2545, Adobe Stock PhotoBlockchain technology is revolutionizing the way we store and transfer data, making it more secure, transparent, and efficient. It has become increasingly popular in recent years since it can be successfully implemented in a variety of projects – from creating new digital currencies to facilitating smart contracts to enabling a wide range of applications.But what exactly is blockchain? What are the different types of blockchain networks?In this guide, we provide an overview of the major types of blockchains – public, private, consortium, and hybrid networks – how they work and their potential applications. Additionally, we…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrencies remain controversial in traditional investment circles, with volatility being a major concern. Still, early adopters of crypto accepts like bitcoin (BTC) or ethereum (ETH) have posted high returns on investment. In 2018, Warren Buffer said bitcoin is “probably rat poison squared.” However, things have drastically improved in the last five years, and that point of view has since changed. >>BUY TCRV TOKENS NOW<< Nubank launches crypto in Brazil Berkshire Hathaway purchased $1b in shares of Nubank, a digital-based bank in Brazil. Later, Nubank launched its…