Author: CryptoHoppers

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.Arbitrum is up 3.02{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} today against the US DollarARB/ETH increased by 2.03{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} todayArbitrum is currently trading 10.64{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} above our prediction on May 20, 2023Arbitrum dropped -26.58{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the last month and is down -76.07{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} since 1 year agoArbitrum price$ 1.21Arbitrum prediction $ 1.09 (-9.56{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8})Sentiment NeutralFear & Greed index…

Polygon’s Policy Lead, Rebecca Rettig has shared an open letter sent to the EU to ease its data laws for decentralized software providers. Hardware wallet maker also joined in preparing the letter showing a cross-industry solidarity. Polygon (MATIC) is expanding its role in the crypto ecosystem as it is gradually making moves to influence policymaking at the European Union (EU) level. In a recent letter sent to the European Parliament, the Council of the European Union, and the European Commission, Rebecca Rettig, the Chief Policy Officer at Polygon Labs wants the tripartite body to reconsider its stance on excluding decentralized…

Before this announcement, Vice Media had begun to restructure its global organizational workforce. American-Canadian digital media company Vice Media Group has filed for Chapter 11 bankruptcy after several years of financial struggle. The company, which was valued at $5.7 billion in 2017, is currently worth less than $1 billion. Top executives of the media giant have failed to give any detailed evaluation of the company’s net worth. Vice Media’s lenders are planning to take on administrative control of the company through necessary filings. These lenders include Fortress Investment, Soros Fund Management, and Monroe Capital. About five companies have previously shown…

Key Takeaways Coinbase was issued with a Wells notice this week and now awaits formal charges from the SEC Regulators continue to move in on US crypto companies, hurting Coinbase’s prospects The exchange laid off its second round of employees in January, shut down activities in Japan due to “market conditions”, and saw its share price plummet throughout 2022 Coinbase just can’t catch a break.  I wrote a deep dive on the struggling crypto exchange last October, when founder and CEO Brian Armstrong sold 2{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} of its stake. But things have only gotten worse since then.  It laid off 20{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8}…

The United States Federal Reserve Chairman, Jerome Powell, referred to Central Bank Digital Currencies (CBD) by stating they would not replace cash but complement it.The remarks took place at a conference hosted by the Committee on Payments and Market Infrastructures taking in Basel, Switzerland.During the conference, Powell said,“Relevant to today’s topic, one of the three key principles highlighted in the report is that a CBDC needs to coexist with cash and other types of money in a flexible and innovative payment system.”The report being referenced in his closing remarks also contained two other principles that according to the Bank for…

El Salvador flag with Bitcoin icons above it. 3d illustration According to crypto exchange Bitfinex, the technology provider of the bond, the Volcano bond would allow the country to raise funds to create Bitcoin infrastructure among other things. El Salvador has passed legislation to provide a legal framework for a bitcoin-backed Bond dubbed “Volcano Bond.” In September 2021, El Salvador became the first ever country to legalize Bitcoin as a legal tender. The country made further attempts to provide financial incentives to citizens to download a crypto app. It can be recalled that this move attracted a series of criticisms…

Last week U.S. Senator Elizabeth Warren (D-MA), along with ten other democrat senators, introduced a bill to block cryptocurrency companies from conducting business with sanctioned companies, fearing cryptocurrencies might constitute a vehicle for evading sanctions against Russia in the ongoing war with Ukraine.In short, the Digital Asset Sanctions Compliance Enhancement Act of 2022, as the bill is named, would allow the U.S. president to add non-U.S.-based crypto companies to the sanctions list if they support sanctions evasion. As Sen. Warren is well known for her disdain of cryptocurrencies in general, this bill is accused of introducing sweeping rules that may…

The Elmia Custom Motor Show in Sweden attracts a huge number of cars, and while the standard is extremely high you can always count on a few builds sticking out from the rest. I’ve got a number of these from Elmia 2023 to share with you in the coming days, and we’re going to start with two BMW E30s owned and built by two good friends. First up is Daniel Lavman‘s 1989 E30 Coupe. With the hood missing and the engine bay on display, it’s the first thing you check out. “My good friend Hampus Jacobsson changed plans with his street/race Chevy S10 and had an LS from a Corvette…

This is another area where we are hoping that the new Tacoma is an improvement. The current Toyota Tacoma’s interior suffers from poor space utilization (especially for those in the second row) and tough but uninspiring materials, and the design itself is quite drab.Based on the big step up from the previous Tundra to the new one, the smaller Tacoma should follow suit. While it won’t be quite as luxurious as the Tundra, the new Tacoma should have classier materials, a new multimedia system (possibly with the Tundra’s available 14-inch touchscreen), and smarter storage solutions.Base Toyota Tacoma models will have…

Volvo has drawn attention to the design possibilities of new-technology LEDs with the news that the EX90 has “near-sunlight” lighting. Time was when a bulb was a bulb, and as long as you could more or less find your way around a car interior in the dark, that was good enough. Now designers are seizing on the fact that the latest LEDs are so much more sophisticated than that to deliver (to use the lighting industry’s latest buzzword) a “human-centric experience”. Sounds great, so what is it? In the case of the EX90 (the Polestar 3 gets the same technology),…