Author: CryptoHoppers

Policy • May 21, 2023, 10:42AM EDT U.S. President Joe Biden said he’s keen to strike a deal with lawmakers that would avoid his government from defaulting on its debt obligations but that doesn’t mean he’s willing to ink an agreement friendly to “crypto traders.””I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk [for Americans],” Biden said during the final day of G7 talks in Japan.This is not the first time in recent weeks that Biden has chosen to take a shot at cryptocurrency investors amid a…

Bitcoin surged to a nine-month high as investors got the expected CPI data that bolstered Federal Reserve will slow the interest rate hike.  Yesterday, after the announcement of the Consumer Price Index (CPI), Bitcoin jumped to $26K. The CPI rose 0.4% in February, which was the expectation of the market. Dow Jones and Nasdaq also showed signs of reversal.  Bitcoin surged over 15% within a few hours of the CPI data announcement in the US. The highly anticipated FOMC meeting focusing on Federal Reserves’ next interest rate hike will kick off next week. Now the market is expecting another 25…

Ethereum recently talked about its focus shifting to the upcoming Cancun upgrade. The network has taken enough time to recover from the Shapella upgrade and is ready to progress. The latest bi-weekly developer call concluded with a consensus about the Dencun (Cancun-Deneb) upgrade. According to the devs, the upgrade will primarily focus on a rollup-centric roadmap. Ethereum has also named its proto-danksharding, a nickname for EIP 4844. This upgrade will introduce a new type of transaction called the blob-carrying transaction. It refers to a temporary data storage mechanic that can reduce transaction costs on L2-rollups. A team leader from Ethereum…

Ray Youssef, the former founder of Paxful, thinks Ethereum, the world’s largest smart contracting platform, is a “drain and drag” on Bitcoin. Ethereum Slowing Down Bitcoin? In his post on May 21, it is evident that the former CEO is critical of Ethereum and thinks it is a hindrance and obstacle to Bitcoin’s progress. Breaking down his view, Youssef appears to suggest that Ethereum’s impact has been largely negative, delaying advancements in crypto. Ethereum is simply a drain and drag on #bitcoin We should be grateful that it slowed things down as we needed time to figure things out and…

E-commerce giant Shopify has launched its new blockchain suite of products for merchants. This development is expected to improve user experience on web3-based stores hosted on Shopify. In addition, merchants can utilize token gating and leverage new features on the expanded wallet ecosystem.  Blockchain Suite Offers Shopify Users Great Benefits   According to Shopify’s blockchain team designer ryancreatescopy on Twitter, merchants can use new tools to build token gating apps on the e-commerce platform. Token gating is a common feature in the Web3 space and is a verification method for communities to provide exclusive access to certain events, contents, and drops. …

Top Stories This Week Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million Bitcoin has crossed a significant threshold this month — there are over 1 million addresses that hold at least 1 BTC. Data from Glassnode shows an escalating pattern with regard to the amount of so-called Bitcoin “wholecoiners.” If the trend continues, Bitcoin price escalation could soon make buying it not only a luxury but something potentially unattainable altogether, according to Adam Back, co-founder and CEO of Bitcoin firm Blockstream. This hyperbitcoinization refers to the moment when the benefits of Bitcoin for financial transactions will eventually lead…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following the recent Shapella upgrade, the proof-of-stake blockchain has now enabled withdrawals for the first time, resulting in a surge of activity among ETH holders who are eagerly staking their tokens with network validators. As a result, deposit activity has reached its highest level since the implementation of the Shapella upgrade last month. A remarkable milestone Just a month after the successful implementation of Ethereum’s Shapella upgrade, the network has witnessed a remarkable milestone as the total volume of staked ETH has surged past 20 million.…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Environmental lawyer and 2024 Democratic Party (DP) presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has announced that he will accept campaign donations in bitcoin (BTC). This makes it the first presidential campaign in U.S. history to accept bitcoin donations. Kennedy made the announcement while speaking at the Bitcoin 2023 conference in Miami. The occasion was also his first public appearance as a presidential contender. ????BTC now accepted as campaign donations?Speaking at the Bitcoin Conference taking place today, Robert F. Kennedy Jr. became the first presidential candidate to…

Injective (INJ) is one of the few tokens to have racked up impressive gains in the last week. While most of the assets in the crypto market were marked by insignificant price actions leading to little gains or losses, INJ stood out with an excellent price movement to become one of the biggest weekly gainers.  According to data from CoinMarketCap, Injective’s price gained by 19% in the last seven days boasting of a market performance only beaten by four other tokens – RNDR, AGIX, MASK, and CFX – in the entire top 100 crypto ranking.  INJ initially began the week…

Shiba Inu announced the Layer 2 solution Shibarium. Shibarium aimed to legitimize SHIB and boost DeFi growth, but faced short-term skepticism. As per an announcement on 16 January, Shiba Inu’s [SHIB] would soon launch their own Layer 2 solution, called Shibarium. This move by Shiba Inu is significant for the project as it aims to delve into the layer 2 space and legitimize its cryptocurrency and protocol. ???? Introduction to Shibarium: Shiba Inu’s Layer 2 Network — Rejoice #ShibArmy! Shibarium Beta is about to be launched, and through this article we want to introduce some basic concepts in order to…