Author: CryptoHoppers

A widely-followed analyst known for applying the stock-to-flow model (S2F) to Bitcoin is unveiling his price target for BTC this month. In a new interview with trader Scott Melker, pseudonymous analyst PlanB says that Bitcoin could surge to as high as $150,000 in December, a more than 53% gain from its current value. “It’s almost scary that it is happening again. It seems programmed: three years of boring bear markets and then one year of FOMO (fear of missing out) and face-melting bull action. And it’s like that in all the past cycles. So if history is any guide, we’re…

The financial world has witnessed transformative moments over the centuries: the advent of central banking in the 1600s created modern monetary systems, and the introduction of derivatives in the 1970s opened up new avenues for risk management and financial growth. Today, another such innovation is unfolding—on-chain lending, which has the potential to disrupt traditional finance at its core. Visionaries like Balaji Srinivasan have already recognized its significance, dubbing it the “killer blockchain app” with transformative implications.On-Chain Lending as a Killer AppBalaji Srinivasan, a leading tech entrepreneur, recently amplified the importance of on-chain lending by calling it the most significant financial…

Key Takeaways Ava Labs co-founder highlighted the vulnerability of early Bitcoin holdings to quantum computing attacks. Current quantum computing capabilities do not yet pose a threat to Bitcoin’s security. Share this article Google’s new quantum computing chip Willow has sparked fresh concerns about Bitcoin’s security. As quantum computing advances, it could become powerful enough to crack the encryption of coins held by Satoshi Nakamoto, according to Ava Labs co-founder Emin Gün Sirer.Sirer warned that early Bitcoin holdings stored in Pay-to-Public-Key (P2PK) format could be vulnerable to quantum computing attacks. To mitigate this potential threat, Sirer proposed two solutions: freezing Satoshi’s…

The Czech Republic has reportedly passed a law exempting bitcoin holdings of more than three years from capital gains tax. This decision, approved unanimously by the country’s parliament on Dec. 6, is set to take effect on Jan. 1, 2025.The Czech Republic’s new tax exemption law introduces clear conditions under which cryptocurrency transactions can be excluded from personal taxation, according to Parlamentní Listy news site. “Individuals can benefit from these exemptions if their total gross annual income from cryptoasset transactions does not exceed CZK 100,000 ($4,000),” the Czech media outlet said. “Additionally, digital assets held for more than three years…

The Curve DAO token saw significant growth as December started, emerging as one of the top gainers over the past month. Curve DAO (CRV) rallied 500% in 30 days, reaching $1.33 with a market cap of $1.6 billion on Dec. 7 — the highest level since February 2023. The asset faced a 7% correction in the past 24 hours due to overbought conditions and is trading at $1.1 at the time of writing. CRV price and RSI | Source: crypto.news CRV’s daily trading volume, however, increased by 20% to $635 million, suggesting increased interest from investors. Thanks to the price…

Key Takeaways Amazon shareholders are advocating for at least 5% of company assets to be allocated to Bitcoin. The proposal points out that Bitcoin has outperformed other assets such as corporate bonds in recent years. Share this article A group of Amazon shareholders is pushing for the company to allocate a minimum of 5% of its assets to Bitcoin, through a proposal submitted by the National Center for Public Policy Research (NCPPR), a free-market principles advocacy think tank. Source: @TimKotzmanThe proposal, shared by Tim Kotzman, recommends Bitcoin addition to Amazon’s treasury as a hedge against inflation and asset diversification strategy.…

The odds of a Federal Reserve rate cut surged to 85% after a stronger-than-expected U.S. jobs report for November. According to the Bureau of Labor Statistics (BLS), 227,000 new jobs were added last month, exceeding Wall Street’s forecast of 202,000. The report also included upward revisions for September and October, which were heavily impacted by Boeing strikes and hurricanes in the Southeast.Macroeconomic Conditions Amid Fed Rate Cut ExpectationsDespite the positive job creation, the unemployment rate ticked up to 4.2%, and the labor force participation rate slipped slightly to 62.5%. Steve Rick, chief economist at TruStage, highlighted the report’s resilience, saying,…

Key Takeaways Telegram’s founder faced his first court interrogation after his arrest in August. The French justice system is investigating whether Telegram is complicit in criminal activities due to its alleged failure to address the spread of illegal content. Share this article Pavel Durov, CEO of messaging platform Telegram, appeared before a Paris judge for his first formal questioning as part of a criminal investigation into the platform’s alleged facilitation of illegal activities, a source familiar with the case told AFP.Durov arrived at the Paris courthouse around 10 a.m. (local time) with attorneys David-Olivier Kaminski and Christophe Ingrain. He told…

Finally, Bitcoin has barreled past the $100,000 threshold, a level predicted by many crypto analysts in the last few months. A longtime inactive cryptocurrency exchange rode on the BTC price surge and transferred more than 24,000 coins to a new wallet. Bitcoin breaks past the $100k level. Source: Coingecko Bitcoin Reaches A Milestone Analysts said that after a long wait, Bitcoin got enough momentum to push its price beyond the $100,000 mark. This is the first time that the firstborn crypto was able to reach that level. At 3:08 a.m. today, Bitcoin recorded $104,000, a new all-time high for the…

SushiSwap has announced the launch of Dojo Agent and Tweet Tokens for the tokenization of tweets and the creation of memecoins directly from Twitter.SushiSwap said in an X post, “Dojo Agent and Tweet Tokens are now live! Our agent allows you to tokenize your favorite tweets or launch a memecoin of your own creation directly from Twitter.” 1/ Dojo Agent and Tweet Tokens are now live! Our agent allows you to tokenize your favorite tweets, or launch a memecoin of your own creation directly from Twitter. pic.twitter.com/aofka3jRhj — Sushi.com (@SushiSwap) November 28, 2024How to Tokenize Tweets and Create Memecoins with…