Author: CryptoHoppers

Key Takeaways Rumble secured a $775 million investment from Tether to fuel growth and stockholder liquidity. Tether’s partnership with Rumble sparks speculation on tipping and crypto payment integrations Share this article Rumble has secured a $775 million investment from stablecoin issuer Tether, marking a significant milestone for the video-sharing platform. As part of the deal, Tether will purchase 103,333,333 shares of Rumble Class A Common Stock at $7.50 per share.The video-sharing platform will allocate $250 million of the proceeds to growth initiatives, with the remaining funds supporting a self-tender offer for up to 70 million shares of its Class A…

El Salvador’s Bitcoin office recently announced the deposit of over a million dollars’ worth of Bitcoin into the country’s Strategic Bitcoin Reserve, making it the first nation in the world to create such a reserve.   El Salvador: The First Country in The World to have a Bitcoin Reserve 🇸🇻We just transferred over a million dollars worth of Bitcoin to our Strategic Bitcoin Reserve. pic.twitter.com/4ZrxGw9Od0 — The Bitcoin Office (@bitcoinofficesv) December 20, 2024 The announcement followed the purchase of 11 bitcoins worth $1.07 million by a wallet address linked to El Salvador earlier today. Courtesy: Arkham After El Salvador struck…

According to multiple sources, the leading tech giants, NVIDIA and Intel will likely integrate Hedera blockchain (or hashgraph) in all of their chip manufacturing in the coming years to comply with EU AI regulations. EQTY Lab, in collaboration with Intel and NVIDIA, has introduced Verifiable Compute, a hardware-based solution designed to enhance trust and verification in AI systems.  The innovation roots trust directly in the silicon of next-generation hardware to ensure that AI data and computations are tamper-proof and fully traceable.  🚨BREAKING: NVIDIA and Intel will likely embed $HBAR tech in all of their chips over the coming years due…

Key Takeaways US Bitcoin ETFs experienced historic outflows with investors withdrawing $672 million in a day. Fidelity’s Bitcoin Fund led the outflows, followed by Grayscale and ARK Invest ETFs. Share this article US spot Bitcoin ETFs suffered their largest-ever single-day outflow amid a sharp crypto market sell-off following the FOMC meeting. According to Farside Investors data, approximately $672 million exited these funds on Thursday, ending a period of net inflows that began in late November.The massive withdrawal eclipsed the previous record of nearly $564 million set on May 1, when the group of spot Bitcoin ETFs saw nearly $564 million…

Metaplanet Inc., a publicly traded company on the Tokyo Stock Exchange, is ramping up its efforts to build its Bitcoin portfolio. According to multiple reports, the Japanese Bitcoin consulting company has issued ¥4.5 billion ($30 million) in zero-interest bonds to finance its Bitcoin acquisition strategy. The company shared this news on its bond issuance through a disclosure posted on its website dated December 17th. This is the fourth in the series and formally carries the name Metaplanet Inc. 4th Series Ordinary Bonds. The total amount of bonds is worth ¥4.5 billion, each costing ¥250 million. According to the company disclosure,…

Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen’s Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike.   According to a report by Wen Wei Po, the price of the Antminer S21 335T, a mining device, has now reached $5,600, or around RMB 40,700, climbing up by 30% compared to last year’s price of $3836.19, which comes to 28,000 RMB. There is even much higher demand for the Antminer S21 XP, a raw mining device with water-cooling facilities, which has continued to cause stockouts on Bitmain’s official website.  Huaqiangbei merchants report a surge in…

Key Takeaways Bitcoin price fell under $100,000 due to a hawkish Federal Reserve stance. Meme tokens experienced sharp declines amid market sell-off. Share this article Bitcoin fell close to 6%, trading under $100,000 amid a market-wide sell-off after the Fed adopted a hawkish tone at Wednesday’s FOMC meeting, according to data from CoinGecko.The Fed cut its benchmark interest rate by 25 basis points as expected but projected only two rate cuts in 2025, down from its previous forecast of four cuts. Fed Chair Jerome Powell indicated that the central bank would be more cautious when considering further adjustments to its…

Crypto hacks are becoming more common, and the latest victim is MetaWin, an online crypto casino. On 3rd October, a hacker accessed MetaWin’s withdrawal system and acquired $4 million worth of digital assets. The attacker transferred the funds to the KuCoin exchange and a nested service on HitBTC. Blockchain investigator ZachXBT eventually pointed out more than 115 wallet addresses linked to the hacker. However, the attacker remains unidentified. Further to the incident, MetaWin CEO Richard Skelhorn asserted that the affected balances were replenished, and withdrawals were also resumed for most accounts.  Crypto Hacks Skyrocket in Last Quarter of 2024 MetaWin…

The Indian government stated in a recent declaration to Lok Sabha that there is no fixed timeline for the rollout of the comprehensive set of regulatory guidelines for virtual assets. The government’s response followed queries posed by two Members of Parliament on what steps were being taken to set up a structured regulatory framework along with an expected timeline for such regulations. Although the administration noted that it consulted with industry stakeholders and relevant international organizations both formally and informally, it asserted that policy efforts on VDA are needed globally in order to avoid regulatory arbitrage to ANI. India seeks…

Sui Network released its first network outage analysis report which found that a bug in its upgrade code caused the downtime. The report also shared that the bug was fixed within 2.5 hours. The network outage took place on the morning of November 21, 2024, between approximately 1:15 and 3:45 am PT, which halted all transaction processing as validators were stuck in a crash loop.Sui took to X to share the report, stating, “The rapid, collaborative response from Sui’s validator operators is an incredible testament to the strength of the Sui community.” Earlier today, Sui experienced its first network outage…