Author: CryptoHoppers

TRX’s circulating supply was 90.4 billion, registering a fall of more than 7{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} on a YoY basis. Indicators suggested that market sentiment for TRX was weak. With the intention of long-term market value growth, TRON [TRX] has taken deliberate measures to apply deflationary pressure on its native token TRX. Read TRON’s [TRX] Price Prediction 2023-24 The network removed more than 20 million TRX tokens out of circulation on 16 May, marking the largest increase in burn rate in a month. Data from Tronscan showed that the burn rate increased significantly in 2023. As the number of new tokens minted on the network…

Bitcoin’s sum coin age distribution chart displayed a strong decline since 2 May, 2023. BTC’s exchange reserve declined while supply outside of exchanges went up. The overall crypto market took a sideways path recently, restricting most cryptos from showing high price volatility. Bitcoin [BTC] was also not spared, as its price kept hovering below the $28,000 mark for quite some time. Read Bitcoin’s [BTC] Price Prediction 2023-24  Interestingly, CryptoQuant’s analysis pointed out a factor that could have influenced BTC’s relatively restricted price movement over the past few weeks.  The BTC price movement was discouraging as after the last price pump,…

Award-winning producers Derrick Sepnio, Fergus Chow, and Jae Chong join Creative Council – with more to come GroundUp Studios, a forward-thinking, web3-focused music label, has announced the formation of its Creative Council comprising professional veterans in the music industry. This initiative aims to accelerate the pace of web3 music and art creation among its community members. The first wave of award-winning producers to join the council includes Derrick Sepnio, Fergus Chow, and Jae Chong, who will support GroundUp Studios’ community of songwriters and musicians in their career development. “This is an exciting time for music and the arts. Web3 transforms…

On-chain data reveals that Bitcoin (BTC) whales have accumulated tens of thousands of the crypto king over a period of a little more than a month as the flagship digital asset sits in a consolidation zone. According to blockchain analytics firm Santiment, whales, or entities who hold between 1,000 and 10,000 Bitcoin, have accumulated over $2.32 billion worth of the top crypto asset in just the last five weeks. Santiment says that the price of the leading crypto asset went up over 30{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} earlier this year after BTC whales embarked on a similar accumulation spree between late December of 2022…

Hedera has announced that COFRA Holding is now officially a part of its ecosystem through the Governing Council. COFRA, through this partnership, aims to accelerate DLT adoption and further the mission of becoming a leader in sustainability. Hedera powers the next generation Web3 through a leaderless PoS network, wherein PoS is Proof of Stake consensus. The open-source platform majorly takes pride in having a robust ecosystem with multiple organizations as its partner. COFRA is a privately held group of companies that manages more than a single business at a time. The Switzerland-based venture employs people from Europe, the US, and…

More than 190 world-class CEOs, cultural tastemakers, and innovative thought leaders convene for a three-day super conference organized by VeeFriends. VeeCon, a super conference hosted by Serial Entrepreneur and Creator of VeeFriends Gary Vaynerchuk (aka GaryVee), is being held in Indianapolis, Indiana on May 18-20. The second annual event brings together more than 190 world-class speakers – including Fortune 500 CEOs, CMOs, popular culture icons and innovators – who are shaping the future of industry. The three-day, NFT-ticketed event will be held in two locations in Indianapolis. The first day will be at White River State Park featuring community activities…

Osmosis, the largest decentralized finance network in the Cosmos ecosystem, is spearheading the development of a novel cross-chain security model termed “mesh security.” This model aims to combine staked assets from two or more blockchains, thereby bolstering the security of the Cosmos ecosystem against potential security breaches or validator staking takeovers. The development of mesh security is being funded by Osmosis, in collaboration with Axelar, Akash Network, and ATOM Accelerator DAO. According to a note shared with The Block, the necessary funds for this initiative will be provided to Cosmos developers through grants. Mesh security allows Cosmos chains to consolidate…

The crypto market just witnessed a loss worth $310 million in liquidation. Despite that amount going down the drain, the community is riding the bull for the members to know that Bitcoin is not going anywhere. It has affected BTC for sure; however, the digital asset has seen worse than that. For instance, BTC was seen changing hands at just above the $16k mark in November 2022. To be more specific, BTC was trading at $16,252.50 on November 20, 2022. The current price is a huge jump with the potential to eventually cross $30k before the year concludes. The Impact…

Artificial intelligence (AI) has revolutionized the way we live and work. It has become an integral part of many industries. From healthcare to finance, AI is being used to automate routine tasks, enhance decision-making processes, and increase productivity and efficiency. OpenTools is at the forefront of this revolution, with its webpage sharing with the audience a whole host of the latest customized and curated AI tools out there. Thanks to the same, one can find the best and most useful AI-powered tools all in one place. That’s not all either, with OpenTools allowing an option to sign up too, you…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether International Limited (Tether), the manager of the popular stablecoin, has unveiled a new investment strategy for its reserves portfolio. The company will allocate a portion of its net realized operating profits, up to 15{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8}, towards acquiring bitcoin (BTC) on a regular basis. Holding steady at third In a statement released on May 17, Tether outlined its investment approach, emphasizing its focus on utilizing realized profits.  The company made it clear that any unrealized capital gains resulting from price increases would be disregarded, ensuring that only…