Author: CryptoHoppers

Blockchain network Casper Association yesterday announced the launch of a $25 million Casper Accelerate Grant Program. The aim of this funding grant is to support developers who are building apps to support infrastructure, end-user applications, and research innovation on Casper blockchain. A proof-of-stake (PoS) platform, the enterprise-focused Casper blockchain aims to help businesses adopt blockchain technology and build private or permissioned applications.  The portal is scheduled to go live in the first quarter of 2023. According to Board Member Ralf Kubli, “We are thrilled to announce the Casper Accelerate Grant Program, which has been carefully designed to support innovation and…

The total value locked (TVL) on the Cardano blockchain has hit a significant milestone after crossing 500 million ADA. This would come just a month and a few days after TapTools predicted an exponential increase in the network’s TVL. In this prediction, TapTools, a Cardano portfolio tracker, also reported different factors that could be pivotal to Cardano’s explosive growth in the coming months. Cardano DeFi Ecosystem Hits 500 Million ADA In TVL Data from DeFi TVL aggregator DefiLlama reveals that the total value locked on the Cardano network now stands at 505.114 million ADA. This is equivalent to $186.18 million…

As the world of cryptocurrencies continues to evolve, the demand for innovative, user-friendly, and intelligent trading platforms is growing. Avorak AI, a breakthrough trading platform, has been making waves in the crypto community for its ability to cater to the unique needs of Bitcoin holders. In anticipation of its upcoming beta testing phase, Avorak AI is preparing for an influx of new users seeking to capitalize on the platform’s advanced features and capabilities. Avorak AI: A new era of crypto trading Avorak AI has, as one of its products, a state-of-the-art trading platform that utilizes artificial intelligence to provide users…

Ethereum recently informed users about the beacon chain experiencing finality issues. The backbone of Ethereum’s PoS mechanism encountered the issues on May 11 and 12. We can start putting this loss of finality issue behind us, @Teku_ConsenSys and @prylabs have deployed fixes that will prevent the attestation flooding. This is one step on our diversity & decentralization journey, let’s learn from it and move forward with greater purpose. pic.twitter.com/cSRgPTWeuy — superphiz.eth ????????????️ (@superphiz) May 13, 2023 While end users were able to conduct transactions like usual, the issue affected client implementations. Although the network has not identified the root cause…

Sportswear and footwear retail company Foot Locker took a beating in its Q1 2023 report after sustaining an 11% drawdown in revenue.  Foot Locker Retail Inc (NYSE: FL) plunged 25% following a big earnings miss in the Q1 2023 outing. For the first quarter of 2023, the sportswear and footwear retailer reported revenue of $1.93 billion versus the $1.99 billion analysts expected. In addition, the company realized earnings per share of 70 cents adjusted versus 81 cents expected. Following Friday’s disappointing Q1 2023 report, Foot Locker lowered its guidance for the rest of 2023. The company also said it increased…

Blockchain technology has been sidelined by the Australian Securities Exchange (ASX), a prominent entity in the nation’s financial domain, as it departs from its original intentions of utilizing blockchain to reconstruct its software platform. This unexpected move signifies a momentous shift in the perception of a once-celebrated concept that rose to prominence alongside the growing popularity of cryptocurrencies. The decision to abandon blockchain rebuild marks a significant turning point, highlighting the challenges and limitations that have become apparent during its implementation journey. Blockchain Ditched: ASX Explores New Paths For Software Rebuild  In a recent meeting (via Reuters), the ASX made…

Presidential Candidate advocates for Bitcoin. Retail investors begin accumulation. Whale concentration of BTC holdings increased. The U.S. government was the largest public holder of Bitcoin [BTC] at press time. The government’s plans to sell Bitcoin in phases throughout the year have led many to believe that BTC prices will be impacted negatively in the future. Is your portfolio green? Check out the Bitcoin Profit Calculator Some positive comments These factors have turned many in the crypto space cynical. However, the comments made by presidential candidate Robert F Kennedy could inspire some optimism amongst holders. At the recent Bitcoin conference, Robert…

The author of the best-selling personal finance book Rich Dad Poor Dad, Robert Kiyosaki, is warning of gloomy economic prospects ahead. Kiyosaki tells his 2.4 million Twitter followers that the economy will eventually witness a crash landing. According to Kiyosaki, the assets to own as insurance against the bleak economic future he has predicted are Bitcoin (BTC) and the two best-known precious metals. “Soft landing? Hard landing? Or crash landing? I say crash landing. I hope I am wrong yet that is what I believe. Corruption is high and leaders corrupt. Buy gold, silver, Bitcoin. Still best insurance against corruption…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A proposal to combine the world’s largest decentralized autonomous organization, BitDAO, with the Ethereum-based layer-2 scaling protocol, Mantle, has been approved. The approval on May 19 sets the stage for BitDAO’s existing products, ecosystem, and native token, BIT, to change its branding to Mantle (MNT). A majority of the BitDAO community approved the measure as part of its BitDAO improvement proposal (BIP)-21. It intends to combine the broader BitDAO ecosystem under the principle of “one brand, one token.” Per the wording of a BIP-21 snapshot shared…

Michael Lewis, the financial journalist and author of “Moneyball” and “The Big Short,” told an audience at the Bitcoin 2023 conference that he’s nearly finished writing his book about Sam Bankman-Fried and the collapse of the FTX crypto empire that the 30 year-old founded. Lewis said his interviews included those in Bankman-Fried’s inner circle, employees, investors, Bahamas officials and U.S. regulators. While he’s already sold the movie rights to Apple, his final manuscript isn’t due for a couple more months.  Lewis started the book before FTX’s bankruptcy and fraud charges were filed against the disgraced digital asset mogul. He shed…