Author: CryptoHoppers

Over the last 30 days, Bitcoin’s volume declined by nearly 37{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8}. BTC worth $1.3 billion was taken off of exchanges on 15 May. Bitcoin’s [BTC] volatility has again become a subject of interest for crypto watchers. According to Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, the 60-day annualized volatility for the largest digital asset in the market has slipped below 40{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8}, the eighth such occurrence in the last 5 years. How many BTCs can you get for $1? The analyst used historical data to demonstrate that, on average, volatility stays below the specified level for 5 weeks before…

Jordi Baylina, a Polygon core developer, has responded to the co-founder of Solana who said that provers have not been able to keep up with the chain developments. Polygon [MATIC] will launch its zkEVM scaling solution towards the end of March this year. Jordi Baylina, a core developer of Polygon zkEVM, an upcoming L2 scaler on zero-knowledge proofs (ZKPs), has responded to the co-founder of Solana, Anatoly Yakovenko, who said that provers have not been able to keep up with the chain developments. Yakovenko was talking about scaling solutions in regard to blockchain development. Yakovenko claimed on Twitter that provers,…

VeChain bets on venture capital to drive growth and development in Europe. VET bulls finally get a chance to flex as sell pressure dies down. The amount of venture capital flowing into blockchain projects has been gaining traction in the European market. The VeChain network might be among the top networks to capitalize on available opportunities. Read Vechain’s [VET] price prediction 2023-24 Venture capital entering the blockchain segment is a good indicator that institutional investors are confident enough to explore growth opportunities. VeChain’s latest update revealed that the network was optimistic about attracting venture capital in the European market. It…

Bitcoin price is recovering higher above the $27,000 resistance. BTC must clear the $27,800 resistance to start a decent increase in the near term. Bitcoin tested the $26,000 support zone and is currently recovering higher. The price is trading above $26,500 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher if it clears the $27,500 and $27,800 resistance levels. Bitcoin Price Starts Recovery Bitcoin price extended its decline below…

Crypto exchange Binance Australia has halted Australian dollar deposits, citing issues with its third-party payment service provider. “We regret to inform you that with immediate effect we are unable to facilitate PayID AUD deposits for Binance users due to a decision made by our third-party payment service provider,” Binance Australia tweeted. PayID is an instant bank transfer method supported by over 100 Australian banks and financial institutions, according to Binance’s website. It is not clear who provides the service. The company declined to comment to The Block when contacted. After first saying AUD withdrawals are also impacted, Binance Australia later…

Binance has announced the reopening of $BTC withdrawals. The development came to light after Binance had halted the withdrawal process of BTC. As per the announcement, all the pending transactions are being processed. They are being replaced with higher transaction fees. The community can expect more updates from Binance once the crypto exchange platform has processed all the transactions. What triggered Binance to halt the withdrawal of $BTC was the unexpected surge in the network gas fees of the token. Transactions in large volumes were reported to be pending to be processed. Teams were deployed to ensure that they were…

Yamgo has announced receiving support from the HBAR Foundation. The partnership’s objective is to accelerate the adoption of the ecosystem of Hedera, further solidifying the commitment to bringing more brands to the metaverse. The expansion will likely cover retail consumers and brands; however, the focus will be on getting more brands to the platform. Yamgo will prioritize the advertisement partners who have worked with them in the past. What strengthens this partnership is the advertisement arm of Yamgo, AdsDax. The advertisement venture leverages the capabilities of Hedera to create advertisement campaigns that are resistant to fraudulent activities. It combines brand…

Crypto arbitrage scanners allow users to profit from price differences across different cryptocurrency exchanges. Crypto arbitrage scanners enable traders to see what platforms are best for buying a particular cryptocurrency and where it should be sold to maximize returns. In essence, crypto arbitrage is a trading strategy that takes advantage of price discrepancies for a particular cryptocurrency across multiple crypto exchanges. The concept of arbitrage is based on the principle of buying an asset at a lower price in one market and selling it at a higher price in another market, thus making a profit from the price differential. Here…

Although the cryptocurrency market is still drastically lower than it was at the time of Bitcoin’s $20,000 peak, BTC futures volume on the Chicago Mercantile Exchange (CME) has continued to establish new highs over recent months.In other words, contrary to popular belief, futures vehicles have become an integral facet of crypto trading. The U.S. Commodity Futures Trading Commission (CFTC), who oversees this aspect of this embryonic market, has picked up on this trend, with an insider to the agency revealing that it may soon approve Ethereum (ETH/Ether) futures.CFTC Is Amicable Towards Ether FuturesPer an exclusive report from CoinDesk, which cites…

Observers believe Wednesday’s XRP price pump indicates that Ripple has the upper hand in its ongoing litigation with the SEC.  Ripple native token XRP recently experienced an 8{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} price pump following a seemingly ‘favorable’ court ruling. The digital currency’s jump came after the presiding judge in the long-drawn-out Ripple vs SEC case denied a motion filed by the regulator. Ripple’s XRP traded at 46 US cents at 12:45 pm Singapore time Wednesday. Furthermore, XRP’s recent price upswing marks the crypto’s highest climb in seven weeks. This is likely because investors interpreted Judge Analisa Torres’ ruling as favorable for Ripple. XRP remains the…