Author: CryptoHoppers

Warren wants the Office of The Comptroller of Currency (OCC), the Fed, and FDIC to collaborate and develop an alternative approach for the crypto industry to protect investors. Recent events have prompted US crypto critics to call for more regulatory oversight of the crypto industry. One of the top crypto antagonists in the US, Senator Elizabeth Warren, hasn’t backed down from her anti-crypto stance. In her latest effort, she is attempting to cut ties between crypto and wall street. As a member of the Senate banking committee, Warren wrote a letter to her committee members and urged them and other…

Following through on his claim from yesterday, Twitter owner and current CEO Elon Musk today announced that Linda Yaccarino will join from NBCUniversal to take over the CEO role.Yaccarino is NBCUniversal’s Chairman of Global Advertising and Partnerships, and her expected hiring was first reported by The Wall Street Journal on Thursday amid talks for Twitter’s top job.According to Musk’s tweet today, Yaccarino “will focus primarily on business operations, while I focus on product design [and] new technology,” he wrote. Looking forward to working with Linda to transform this platform into X, the everything app,” he added. I am excited to…

A recent survey tapped into a crypto-native community to determine what could be in store for the industry this year. Identifying high-quality cryptocurrencies and blockchain applications requires both guts and foresight, which is why early crypto adopters could be a good gauge of what’s to come in 2023.Over 1,000 people participated in the survey and shared what they were worried about and excited about this year.More than half of respondents identified DeFi as the category of projects they want to see most on CoinList. Layer-1 and layer-2 blockchains were the second most in-demand category, followed by gaming. Cross-chain infrastructure ranked…

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…