Author: CryptoHoppers

On-chain data from Santiment shows that Bitcoin sharks and whales have gone on a 93,000 BTC buying spree since the local top back in April. Bitcoin Sharks & Whales Have Accumulated Since The April Top According to data from the on-chain analytics firm Santiment, these holders have become a bit more cautious in the last few weeks. The relevant indicator here is the “Supply Distribution,” which measures the total amount of Bitcoin that each wallet group in the market is holding right now. The addresses are divided into wallet groups based on the total number of coins that they are…

The year 2023 is shaping up to be a defining moment for Bitcoin Ordinals, as the world’s first blockchain solidifies its position in the NFT market. While Ethereum has long held the top spot in terms of market capitalization, Bitcoin is now steadily climbing the ranks, vying to become the leading NFT blockchain. In fact, it has already secured the second position, demonstrating a rapid rise in popularity. Bitcoin’s NFT Sales Surge Bitcoin has made significant strides in the NFT space, as reported by the NFT industry data aggregator CryptoSlam. It has not only secured a spot among the top…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prominent legal professionals specializing in crypto have responded to the recent motion filed by LBRY in its ongoing legal dispute with the US Securities and Exchange Commission (SEC), citing its possible repercussions on the XRP lawsuit.  The sharing and publishing platform LBRY filed a supplementary brief supporting its petition to limit the remedies sought by the SEC in SEC vs. LBRY. LBRY emphasized its ongoing attempts to get answers from the SEC on using LBRY Tokens (LBC) as part of their claims. However, the commission chose…

Platinium Group, the leading ticket provider for Formula 1, is revolutionizing the world of sports events by integrating blockchain technology. In a groundbreaking move, they have partnered with Elemint, a renowned blockchain infrastructure corporation, and Bary, a leading Web3 firm, to introduce a new era of ticketing at the Monaco Grand Prix, held from May 26 to May 28. The highlight of this innovative ticketing system is the issuance of non-fungible token (NFT) race tickets. The Monaco Grand Prix is widely recognized as one of the most prestigious and significant automobile races globally, and it has been an annual event…

Politicians in the United States will likely strike a deal and raise the government’s $31.4 trillion debt ceiling for two more years. Amid this debate, the price of Bitcoin is firm but lower, tracking below the psychological $30,000 level as bulls recover after posting sharp losses mid-this week. The Debt Ceiling Debate There are reports that there will be more discretionary spending on the military and veterans with the reduction of other sectors. Moreover, there are unconfirmed reports that the Biden administration will likely not fund the Internal Revenue Service (IRS) to boost collection, as laid out earlier. Instead, the immediate focus…

Daily transactions on Polygon plunged by 81.38% from its peak this year. The activity on Polygon zkEVM increased after co-founder dropped hints of a potential Airdrop. Polygon’s [MATIC] network traffic declined considerably after showing great promise in the first quarter of 2023. On-chain analytics firm IntoTheBlock highlighted that the number of transactions on the Ethereum [ETH] sidechain has plunged a massive 81.38% from its peak this year. Despite its impressive growth during the ’21 bullrun, Polygon has experienced a decline in transactions. The number of daily txs currently sits at around 2000. This represents a significant 81.38% decrease from its…

The Risks and Benefits of Crypto Services Accessing Crypto Keys: A Closer Look at Ledger’s Approach In a recent update, the CEO and CTO of Ledger, a leading hardware wallet provider, announced the postponement of a controversial firmware update. Alongside this announcement, they outlined their plans to open source Ledger Recover, publish a whitepaper, and make the service auditable. Additionally, Ledger intends to gradually open source most of its operating system (OS). This blog post delves into the risks associated with crypto services having access to crypto keys, while also highlighting the pros and cons of Ledger’s approach. The Importance…

Red Swan CRE takes an immense amount of pleasure in coming out with its official announcement regarding the deliverance of its token studio on Hedera. Incidentally, Red Swan CRE is basically a commercial real estate organization having $5 billion in Assets Under management (AUM). The token studio on Hedera is for the purpose of Real World Asset (RWA) tokenization. We’re excited to announce that @RedSwanCRE, the commercial real estate company with $5 billion in Assets Under Management (AUM), is launching its token studio on @Hedera for Real-World Asset (RWA) tokenization ???? pic.twitter.com/ezP8519u4L — HBAR Foundation (@HBAR_foundation) May 23, 2023 As…

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.dYdX is down -6.00% today against the US DollarDYDX/BTC decreased by -2.73% todayDYDX/ETH decreased by -3.15% todaydYdX is currently trading 11.38% below our prediction on May 29, 2023dYdX dropped -19.41% in the last month and is up 0.73% since 1 year agodYdX price$ 2.01dYdX prediction $ 2.27 (12.88%)Sentiment…

Dash, the open-source, proof-of-work blockchain, is down following a recent hard fork failure. The flaw is preventing the network from generating blocks, effectively preventing users from securely transferring value or making payments. Dash Blockchain Is Down As of May 23, the Dash blockchain explorer shows that the last block of transactions was confirmed roughly 28 hours ago. The network halt coincides with a failed upgrade on May 22 which would have seen the platform’s code updated to v19.0.0. Dash Block Generation: Blockchain Explorer The bug in the failed hard fork relates to how the consensus algorithm in v19.0.0 was supposed to…