Author: CryptoHoppers

Top Stories This Week U.S. SEC sues Binance and Coinbase amidst crypto crackdown Binance and Coinbase have been targeted in a new round of lawsuits by the U.S. Securities and Exchange Commission (SEC) against crypto businesses. The regulator pressed 13 charges against Binance on June 5, including those involving unregistered offerings and sales of tokens, and failing to register as an exchange or broker-dealer. The commission also went after Coinbase on similar grounds, alleging that popular cryptocurrencies offered by the exchange are securities. Trading volume across the major decentralized exchanges jumped 444% in the hours following the legal actions. In…

Bitcoin’s Implied Volatility begins to decline. Options market expects sideways momentum for BTC in the future. Price and velocity declined, indicating low transaction activity around BTC. Bitcoin’s price has seen some harsh volatility over the last few months, however over the last few days it has appeared that BTC is expected to move sideways in the near future. Is your portfolio green? Check out the Bitcoin Profit Calculator Some stability for BTC in the future? This was indicated by the declining Implied Volatility for Bitcoin. According to glassnode’s data, it has started to reach new lows. This showcases the options…

Theta Labs has announced securing the patent license from USPTO for its Tracker Service In Decentralized Data Streaming And Delivery Network. It can be verified at the official website of the USPTO by entering the patent number 11,659,015 B2. Alternatively, it can be verified by the pdf that has been published by Theta Labs. The receipt of the patent license validates the approach of Theta to a decentralized video streaming service that has been built by them. The streaming network, per the patent application form, is a multi-layer global cache that has peer viewers, Edge Nodes, and CDN Servers. Data…

Greetings, fellow crypto enthusiasts!If you have been keeping up with the latest buzz in the world of cryptocurrency, you may have heard of BRC 20 tokens. Now, I know what you’re thinking – “What the heck are BRC 20 tokens? Is it some kind of futuristic candy?”Well, fear not, dear readers!In this article, we are going to take a deep dive into the world of BRC 20 tokens and leave you with a full understanding of what they are and how they work.We will break it down into bite-sized pieces, so even if you are as clueless as a goldfish, you…

The U.S. Department of Justice (DOJ) is charging two Russian nationals for their alleged involvement in the infamous hack of defunct crypto exchange Mt. Gox. In a new press release, the DOJ says that it is charging two Russian citizens – 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner – for allegedly conspiring to launder hundreds of thousands of Bitcoin (BTC) hacked from Mt. Gox. Furthermore, Bilyuchenko is also charged with conspiring to operate BTC-e, a crypto exchange allegedly linked to money laundering and the Mt. Gox hack, from 2011 to 2017 alongside its founder Alexander Vinnik. As stated by US…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Securities and Exchange Commission (SEC) of Nigeria has officially deemed the operations of Binance Nigeria, a subsidiary of the world’s largest crypto trading platform Binance, illegal.  According to a statement released on the SEC’s website on July 9, Binance has been promoting its web and mobile-enabled platforms to Nigerian users without adhering to regulatory requirements or registering with the commission. The commission expressed its concerns, stating that Binance Nigeria is not authorized or regulated by the SEC, making its operations in the country unlawful. As the primary…

In the past, healthcare was one of the sectors that was slow to adopt new technology. However, like many other sectors, healthcare is about to undergo a period of rapid transformation after the increase of coronavirus.Launched in 2015 by the Founder and CEO Chrissa McFarlane, Patientory is a blockchain-based, HIPAA-compliant software platform that gathers and analyzes healthcare data to empower people with actionable data-driven insights for improved health outcomes and well-being.The purpose of Patientory is to securely facilitate and encrypt the transmission of health data while empowering healthcare professionals and patients in storing healthcare data and the ability to monetize…

Binance has been ordered to stop operating in Nigeria by the country’s markets regulator. “Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever,” said Nigeria’s Securities and Exchange Commission (SEC), according to Reuters. The regulator added that the exchange’s local operations are unregistered and unregulated. “We are aware of the circular, however, the entity mentioned in the circular is not affiliated with us,” said a Binance spokesperson via Telegram. “We are therefore seeking clarity from the Nigerian SEC and remain committed to working with them cooperatively on the next steps.” Binance has a…

A scamming group stole roughly $1 million worth of cryptocurrency off Twitter hacks within a few weeks. Phishing scams are tweeted as soon as the scammer gets control of a Twitter account. A group of scammers has stolen roughly $1 million worth of cryptocurrency within a few weeks, according to blockchain sleuth ZachXBT. The group has hacked more than eight Twitter accounts belonging to significant crypto figures to promote phishing scams. ZachXBT explained on Twitter that he had discovered multiple wallets “linked on chain” that are tied to phishing attacks promoted by the recently compromised accounts. “While the majority of…

The world of cryptocurrencies is one where security is the number one concern. Partly because when it comes to money, there are incentives for malicious people to try to get your bitcoins, and partly, because this technology, being decentralized, does not offer a way to recover “lost” bitcoins. In other words, if you lose the private key that gives access to your bitcoins, they can never be recovered. And it is not that they disappear, but that nobody can access them. Using a historically known analogy, it is as if a pirate ship filled with gold sank in the ocean.Steps…