Author: CryptoHoppers

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…

Key Takeaways Pudgy Penguins launches the PENGU token, with Binance announcing spot trading and an airdrop. Pengu token’s total supply is set at 88.88 billion, with significant allocations to the community, NFT collections, and the Pudgy Penguins team. Share this article Pudgy Penguins, the second-largest NFT collection by market cap, announced that they will launch their PENGU token tomorrow. Tomorrow. $PENGU. pic.twitter.com/80LHuf9vZj — Pudgy Penguins (@pudgypenguins) December 16, 2024The official Pudgy Penguins X account posted a video showcasing a Pudgy Penguin holding a token engraved with a penguin symbol, representing the new PENGU token.Following this announcement, Binance shared its update…

The upcoming delisting of Wrapped BTC (WBTC) from the Coinbase platform and the legal battle between the exchange and Bit Global have sparked a series of social media skirmishes between Bit Global-linked Justin Sun and Coinbase CLO Paul Grewal. Justin Sun and Coinbase CLO Paul Grewal Discuss WBTC Delisting on Social Media The recent lawsuit […] Source link

Chairman of the South Korean Stock Exchange, Jeong Eun-bo, believes the nation should act quickly in institutionalizing the crypto market or risk falling behind other countries. In an interview with South Korean media outlet Maeil Kyungjae, Eun-bo argued the crypto market needs to be institutionalized in the same way that traditional finance has in order to overcome regulatory roadblocks. If they fail to do so, Eun-bo believes South Korea will not be able to compete with countries that have already embraced crypto and put forth regulations that place virtual assets on equal standing with traditional assets. “If we are vague…

Key Takeaways Ripple CTO cautions against FOMO during RLUSD stablecoin launch price spikes. RLUSD is pegged to the US dollar and competes with USDT and USDC. Share this article As Ripple’s RLUSD stablecoin launches, there could be early supply shortages that might lead to temporary price surges, with some buyers potentially willing to pay over the $1 target. David Schwartz, Ripple’s CTO, advises against making purchases out of FOMO, stressing that this is not an investment opportunity.The warning came after a crypto community member spotted RLUSD displaying at $1,200 per unit on the Xaman trading platform, far above its intended…

Este artículo también está disponible en español. In a notable development for the cryptocurrency landscape, Japanese Member of Parliament Satoshi Hamada has urged his government to establish a Strategic Bitcoin Reserve, aligning Japan with a growing global trend where nations like the United States are exploring similar initiatives.  Bitcoin Adoption Surges Among Nations And Major Corporations Hamada’s proposal reflects a broader interest in diversifying national reserves with cryptocurrencies, particularly following recent discussions in the Japanese parliament about reserve movements in the US and other countries. This surge in interest comes on the heels of Texas’s significant legislative efforts. The Texas…

Key Takeaways  $20M raised: $WEPE presale nears its target, showcasing strong investor confidence. 400% staking rewards: Daily token payouts incentivize long-term holding. Market potential: Analysts predict a 100x price increase post-launch. Wall Street Pepe ($WEPE) and Pepe Unchained ($PEPU) are upgrading the meme coin landscape with new features and impressive presale performances. $WEPE has raised over $20 million USDT, nearing its $20.8 million goal, and offers staking rewards of up to 400% APY, attracting investors with its practical incentives and secure ecosystem.  Meanwhile, $PEPU raised a staggering $73 million in its six-month presale and launched a Layer-2 ecosystem that enabled 392,000 transactions…

DePin, short for Decentralized Physical Infrastructure Network, represents the natural evolution of blockchain technology beyond Web3 and into the physical world.As blockchain and decentralized solutions gain traction, DePin has emerged as a topic of growing interest. While still in its early stages, this innovative concept has the potential to disrupt existing technologies and create more efficient solutions across various sectors.But, what exactly is DePin? How does it work? And why is everyone suddenly talking about it?What is DePin?DePin is just an umbrella term for all networks that use blockchain to decentralize control or ownership over physical infrastructure. So, DePin includes…

The 6th Annual Developer Report from Electric Capital has unveiled insights and trends of the global crypto ecosystem. With a detailed analysis of 902 million code commits across 1.7 million repositories, the report found Asia to be the leading hub for crypto developers, with India’s share being the highest. We are delighted to release the 6th annual @ElectricCapital Developer Report! We analyzed a record 902M code commits across 1.7M repos thanks to the 829 people who contributed to making this report since inception. How did 2024 in crypto look in data? Long thread below 👇🏽 pic.twitter.com/vHzjWnThct — maria 🐸 (@MariaShen)…