Author: CryptoHoppers

The memecoin frenzy earlier this month — which saw active bitcoin users plummet and users flock to Solana — seems to be disrupting activity elsewhere, with the volume of Ethereum on-chain stablecoin trading this month on track to be the lowest since Dec. 2020. On-chain trading of USDC has reached only $73.1 billion so far this month, less than half the $158.9 billion that changed hands in April, according to data from The Block. Nearly $69 billion of Tether’s USDT has changed so far this month, after seeing volume last month of $110.6 billion.  “It’s likely caused by high…

Global Content Distribution Network (CDN) and Cloudflare competitor Blockstack has launched Stacks 2.0 Public – a public testnet release that will allow blockchain developers and miners to participate in the deployment of an innovative new consensus mechanism, dubbed Proof of Transfer (PoX), as well as trial Clarity smart contracts that the company has been working on for some time. Blockstack has built the core protocols and is aiming for a user-owned internet. A key milestone on the road to the companies mainnet, the Blockstack PBC will work alongside potential miners and testers through testnet phases to prepare the network for…

Bitcoin (BTC) miners the world over are running out of patience with the highly anticipated launch of PEGA Pool mere weeks away. Record low BTC prices, compounded by rising hash rates, have had BTC miners and mining companies in a spin for months. Many struggle to make ends meet and certain firms have even been forced to file for bankruptcy. That’s why miners are so excited for PEGA Pool to launch in Q1 of 2023 finally. Ranked as the 13th largest mining pool on the planet according to BTC.com, PEGA Pool is also the world’s first ecological mining pool in…

The Parity upgrade would act as an improvement to smart contract deployment. The disclosure did not impact the development activity positively. Terra Classic’s [LUNC] development team has finally picked a date for the Cosmwasm upgrade v.1.1.0. According to the announcement by the project’s L1 team manager on Twitter, the upgrade would happen on 14 June.  Realistic or not, here’s LUNC’s market cap in ETH’s terms Sealed on the downside Terra had initially disclosed the move to switch from v.0.16.6 (also known as the Parity upgrade) earlier this year. Although it was initially slated for a 31 May move, the developer…

Data shows the Bitcoin transaction fee share of the Inscriptions has dropped to just 26% recently, a sign that the hype around them may be fading. Bitcoin Inscriptions Fee Share Remains High, But Much Lesser Compared To Peak According to data from the on-chain analytics firm Glassnode, the fee dominance of the Inscriptions was at 62% during their peak. An “Inscription” here refers to any form of data directly inscribed into the Bitcoin blockchain. The Inscriptions only became possible when the Ordinals protocol emerged earlier in the year, and since then, they have seen a number of applications and have…

The Flare API Portal offers developers an intuitive interface to interact with the Flare Network and its accompanying suite of tools. It provides access to off-chain data sources such as Google Cloud Storage, along with access to on-chain services like Atomic Swaps, Event Notifications, DeFi Bridges, and more. Developers can also monitor their applications’ performance in real-time using the integrated analytics dashboard. Flare seeks to give developers greater control over their workflows around creating web3 apps by offering them a set of streamlined APIs that make it simpler for them to integrate key aspects such as authentication and payment methods…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent blog post titled “Don’t overload Ethereum’s consensus,” Vitalik Buterin has expressed concerns about the dangers of extending Ethereum’s consensus beyond its core functions.  Buterin’s May 21 blog post focuses on the need to preserve the minimalism of the blockchain. It highlights the potential high systemic risks of utilizing Ethereum’s network consensus for additional purposes. Since the implementation of the proof-of-stake mechanism with “the Merge” in September 2022, Ethereum’s consensus has been responsible for validating blocks and securing the network. However, Buterin cautions against…

Charoen Pokphand Foods Public Company (CP Foods) of Thailand, the country’s biggest food exporter, is set to integrate blockchain technology into its operations, expanding to shrimps and other products to guarantee freshness and quality.  For CP Foods the priority has always been to ensure that all products are guaranteed safe and of high quality for consumers. The company said it is important to adapt to advanced tech by enabling blockchain traceability for accurate monitoring of products and supply chains. The company has already begun its blockchain integration with its pork and fresh chicken products. Tapping The Power Of Blockchain According…

The Shiba Inu community remains passionate about controlling its price action by eliminating excess tokens in circulation through burn events as the community has continued to burn SHIB tokens. Recent data from Shibburn.com reveals that 3.05 billion SHIB got burnt in eight separate burn transactions in the past seven days. The latest statistics represent a 75% increase in the total burn rates compared to the 1.75 billion SHIB burned the previous week. Related Reading: Bitcoin Plunges Below $27,000 As Miners Show Signs Of Selling Shiba Inu Token Burn Continues Blaze token has become the top-ranked SHIB burner in the ecosystem since…

The recent GRAILS Part I auctions at Sotheby’s Contemporary Day Sale have made history in the realm of digital art. This curated selection of digital artworks from the esteemed 3AC collection surpassed the initial estimates set by Sotheby’s, solidifying the growing prominence of NFTs in the traditional auction house space. A Historic Legacy: Sotheby’s, founded in 1744, boasts a rich history as one of the world’s oldest and most prestigious auction houses. Throughout the centuries, it has been a beacon of excellence in the art world, facilitating the sale of remarkable artworks, rare collectibles, and historically significant pieces. With a…