Author: CryptoHoppers

Bitcoin has crossed $30K for the first time after June 2022. Many retail investors are interested in investing in Bitcoin for long-term capital gain. However, market experts have revealed the cause of the price surge, especially in BTC. 11 transactions were made with an identical size of 2000 BTC. Eight of them were transacted at 17:28 UTC. The other 3 occurred at 18:25. Though it is tough to speculate whether these transactions are coincidental, it is not a common whale scenario.  Indeed, these 11 massive whale transactions are more significant than BTC crossing the level of $30k because it attracts…

Is AI good or bad? Does it advance human progress or risk our survival? Microsoft’s recent study revealed that AI showed capabilities of human reasoning. Leading Artificial Intelligence [AI] researcher Geoffrey Hinton recently quit Google, citing concerns about the risks of artificial intelligence. He voiced his concerns that the tech might soon outperform the human brain’s information capacity. He termed some threats posed by these chatbots as “quite scary.” Hinton argued that chatbots can learn on their own and share their expertise. This means that any new knowledge acquired by one copy is automatically distributed to the entire group. This…

On-chain data shows the Bitcoin “mid-term holders” have been selling, which may explain why the price has struggled recently. Bitcoin Mid-Term Holders Have Been Shedding Their Supply Recently As pointed out by an analyst in a CryptoQuant post, a holder group has been showing signs of profit-taking recently. The indicator of interest here is the “sum coin age distribution,” which tells us about how the Bitcoin supply is distributed among the various cohorts currently. These cohorts are divided based on the age of the coins that they are holding in their wallets right now. The 1-3 months old group, for…

ChilizX has announced that it will support the launch of Chiliz Mainnet. Following the development, users will be able to see an additional method for depot and withdrawal for CHZ tokens. Per the announcement, users can deposit and withdraw the said token from May 10, 2023, at 10:00 CEST. Users are recommended to check the addresses before executing the transaction. The team Chiliz will be unable to assist in recovering the funds after they have been transferred. Chilizens, as referred to by the community in the announcement, can raise tickets for questions or other assistance. Chiliz Blockchain has been created…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A recent report by on-chain data analysis platform, Santiment, shows that the two most valuable cryptocurrencies by market cap, bitcoin (BTC) and ethereum (ETH), are actively being pulled from cryptocurrency exchanges like Binance. According to Santiment, crypto holders are moving their assets from custodial centralized exchanges to cold storage wallets where they have control of the coins’ private keys. Private keys are important seed phrases for signing transactions, sufficient proof that the sender owns coins. On-chain data shows that the supply of these two major cryptocurrencies…

Tezos, a self-amending proof-of-stake blockchain, has activated its 13th core protocol upgrade, Mumbai, introducing Smart Rollups, a Layer-2 scaling solution, for faster transaction processing speeds. Tezos Introduces Smart Rollups Via Mumbai Smart Rollups enable decentralized applications (dapps) to utilize Tezos’ resources to process a high volume of transactions while ensuring the integrity and security of the rollup. This approach will allow the blockchain to process more than one million transactions per second, all without sacrificing decentralization. Tezos aims to enhance its scalability and performance with Smart Rollups. Notably, the Mumbai upgrade brings several technical features that make it a developer-friendly…

Amid the tussle between the bulls and bears in the crypto market over the past week, the circulating supply of both Bitcoin (BTC) and Ethereum (ETH) has reached record lows, triggering speculation about the potential impact on the cryptocurrency market. Data provided by Santiment reveals a significant decrease in the amount of BTC and ETH held on exchanges, suggesting a shift in investor behavior. Bitcoin And Ethereum Supply Plummets On Exchanges According to Santiment’s data, the circulating supply of BTC on exchanges currently stands at a mere 5.7%, marking its lowest level since December 2017 when the cryptocurrency surged to…

Key highlights:The total cryptocurrency market cap decreased from $ 1.14T to $ 1.14T in the past 24 hours, representing a -0.09% changeThe Bitcoin price at press time is $ 26,866 after falling by -0.04% in the last 24 hoursThe total crypto trading volume decreased by -0.09% in the past 24 hours, and is currently at $ 164.09BAll prices and changes are presented at the time of publication: May 20, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.14T after a -0.09% decrease on the day. The total crypto trading volume declined by -0.09% in the same time frame.Bitcoin is trading at…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Strike, a platform led by Jack Mallers that supports bitcoin (BTC) payments, is expanding to 65 global markets and relocating its global headquarters to El Salvador. The company aims to provide a consumer-friendly money app that offers bitcoin and tether (USDT) transfers, emphasizing its bitcoin-first approach amid regulatory uncertainties in the United States. USDT is a stablecoin pegged to the USD. Strike’s global expansion and consumer-focused approach Strike claims to offer a seamless onboarding experience and aims to cater to billions of people seeking a user-friendly…

ETH whales lead the charge in recent rally. Short squeeze turbocharges ETH’s momentum after exiting bear trap. Ethereum [ETH] concluded a bearish second week of February, but the tide was changing at press time. The crypto market delivered a bullish performance over the last two days and ETH was not left behind. Read Ethereum’s [ETH] Price Prediction 2023-24 While ETH bulls have reclaimed dominance, latest alerts have revealed the grip that they had over the market at the time of writing. As per Glassnode, the number of addresses holding a minimum of 10,000 ETH reached a four-week peak on 15…