Author: CryptoHoppers

Bitcoin gave out handsome returns in 2020 and 2021 when major industries were down amid the rising cases of the pandemic. The statement is important to highlight that Bitcoin cannot be underestimated despite 2022 being one of the worst years for the largest cryptocurrency in the world. It reportedly lost 65% in valuation last year, bringing down BTC by a huge margin compared to how it started in 2022. Experts cite that there is a chance for BTC to bounce back. A four-stage model has been laid down, stating that it happens over 4 years in the cycle. The model…

Neftify has extended the support to Optimism, allowing users to build and deploy their decentralized applications faster than before. Neftify is a blockchain RPC provider, and the venture coming out in support of the Ethereum L2 solution takes things to another level where deployment is much faster, cost-efficient, and scalable. The development comes to light to address the issues that the project faces on Ethereum. These are network congestion, high transaction fees, and scalability. Needless to say, all these factors together affect the adoption of dApps in the community. Optimism has been able to craft its way to circumvent these…

Bitcoin miners have been raking in historically high amounts of transaction fees recently, but on-chain data shows this cohort still isn’t selling. Bitcoin Miners Haven’t Transferred Much Volume Towards Exchanges Recently The transaction fees on the Bitcoin network have shot up recently because of the increased traffic caused by the Ordinals, a protocol that allows data to be inscribed into the Bitcoin blockchain with transactions. Generally, the transaction fees remain low during times when there is little activity on the blockchain as investors have no need to pay higher fees to get transfers through quickly. However, when the network is…

The Polkadot-based Astar Network recently announced the first web3 and blockchain hackathon sponsored by the Japanese Toyota Motor Corporation. HAKUHODO KEY3 company, co-founded by Astar and HAKUHODO, one of Japan’s largest advertising companies, will host the web3 hackathon on February 25 this year.  The Astar Foundation will sponsor the event with $75,000 and the web3 foundation with $25,000. According to a press release, the $100k will be used as a reward for winning projects chosen by Toyota, Astar Foundation, web3 Foundation, Alchemy, and HAKUHODO KEY3.  How Toyota Can Improve Operations By Using The Polkadot Network Sota Watanabe, CEO of Stake Technologies,…

This week, a judge adjudicating the ongoing Securities and Exchange Commission (SEC) versus Ripple, the blockchain company, issued a landmark ruling. At the same time, Ripple announced crucial strategic expansions. Also, the number of staked ethereum (ETH) rose to record highs. Meanwhile, crypto adoption rate remained considerably high despite ongoing regulatory considerations. The crypto scene was also flushed with apprehensions concerning Ledger’s recently introduced seed recovery feature. Ripple secures landmark ruling On May 16, Judge Analisa Torres, the US district judge overseeing the lawsuit between Ripple and the US SEC, delivered a series of rulings on motions previously filed by…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MetaMask, a popular Ethereum native non-custodial wallet, has updated its terms of use and now has the right to “withhold taxes where required”. This change in their service is why the cryptocurrency community on Reddit is beginning to question ConsenSys’ decision to change their terms of use.  It is not immediately clear what could have motivated ConsenSys to update its terms. However, companies regularly updated their terms and conditions to adapt to changing regulatory environments. Specifically on tax obligations, ConsenSys, the team behind MetaMask, acknowledges that taxes must be paid…

On May 20, Caitlin Long, the founder of Custodia Bank, retweeted and revived an intriguing question posed by Adam Back, CEO of Blockstream, on whether the number of the so-called Bitcoin “wholecoiners” has peaked. Is The Number Of Bitcoin Wholecoiners Peaking? Her question is when the number of wholecoiners, or individuals holding at least 1 BTC, soared above the 1 million mark last week. While the rising number of wholecoiners points to possible adoption and rising BTC demand over time, market forces could end up capping their numbers. She reckons that as Bitcoin prices increase, it would be more expensive…

AVAX rallied as BTC continued to soar following announcements from U.S. CPI. The target for a long entry could be $14.82 and the 38.2% Fib level ($14.96) if the uptrend continues. Avalanche [AVAX] has rallied since mid-November, making higher lows. However, it reached a lower low around 12 December, settling at the $12.99 support level. A bullish BTC is driving it higher.  Bulls used the $12.99 support to initiate a rally that could take AVAX towards the 38.2% Fib level ($14.96). At press time, AVAX traded at $13.78, up about 6%, with a trading volume of over 120% in the…

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.Conflux Network is down -4.64% today against the US DollarCFX/BTC decreased by -2.47% todayCFX/ETH decreased by -3.54% todayConflux Network is currently trading 9.84% below our prediction on May 27, 2023Conflux Network dropped -0.98% in the last month and is up 210.00% since 1 year agoConflux Network…

The planet needs Vinteum because “we need developers from all over the world to build this global internet-native money.” What is Vinteum? In the post announcing the organization’s existence, they describe themselves as “a non-profit Bitcoin research and development center dedicated to supporting Bitcoin developers in Brazil and the wider Latin America region. We will train and fund open source developers to work on Bitcoin and the Lightning Network.”  Our organization will train and fund Brazilian open source developers to work in one of the most revolutionary technologies of our time. We need developers from all over the world to…