Author: CryptoHoppers

Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilograms of meth. They processed about 20 drug orders daily between July 2019 and December 2020. Sentences ranged from […] Source link

Credit card debt interest rates have significantly risen in the last four years. The U.S. credit card rates have now surged to an all-time high of 23.4%, and the total credit card debt also staged a record number by surpassing the trillion dollar mark.  Credit card debt in the U.S. has emerged in the spotlight after hitting an all-time high of 23.4%. Despite the reduced banking interest rates, banking institutions have continuously fueled interest rate hikes for cardholders. The credit debt crisis is specifically associated with the exorbitant interest rates charged by lenders to debtors. The current card debt in…

Coinbase is raising awareness about the rise of online scams targeting younger users, particularly Gen Z.  In a blog post published on Oct. 8, Coinbase outlined four online threats Gen Z should be aware of, including social media fraud, romance scams, fake websites, and recovery schemes. Coinbase emphasized that crypto users must take personal responsibility for securing their assets. Unlike traditional banking, where institutions provide a level of security, crypto owners control their assets directly, making them both their own safeguard and biggest security risk. Social media scams One of the major scams Coinbase warned about involves social media platforms…

Key Takeaways HBO’s documentary names Peter Todd as a potential Satoshi Nakamoto. Peter Todd denies claims of being Bitcoin’s creator in a recent interview. Share this article The HBO documentary Money Electric: The Bitcoin Mystery has identified Peter Todd, a notable cryptographer and influential Bitcoin developer, as the elusive creator of Bitcoin, Satoshi Nakamoto. The documentary presents a compelling case for Peter Todd’s candidacy as Satoshi Nakamoto by highlighting several key aspects of his work.Todd is renowned for his deep understanding of cryptographic principles and blockchain technology, with his early involvement in Bitcoin development and contributions to various protocols showcasing a…

Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon, with Cainvest providing liquidity for the BTC and ETH pairs listed on these exchanges and other markets to be developed in the future. Crypto Consortium […] Source link

One expert points to historical trends as a strong indicator of an impending BTC rally. Several key metrics support the potential for Bitcoin to climb higher, backed by multiple confluences in the data. Last week, Bitcoin [BTC] faced considerable downward pressure, resulting in a 1.67% price drop. However, the market has since shown signs of recovery, with BTC gaining 1.30% in the last 24 hours. Analysts expect these gains to continue, with historical data and multiple metrics suggesting Bitcoin could surpass its recent 15.27% rise and push higher in the coming weeks. Historical data shows a 7% drop followed by…

Solana is known for its promise of high-speed blockchain technology. However, beneath its claims of superiority lie serious issues that undermine its reliability and decentralization. Essentially, there are three major problems in the Solana ecosystem currently: frequent network outages, misleading TPS metrics, and validator centralization. Frequent Outages Since its launch in 2020, Solana has experienced 12 major network outages, disrupting dApps, traders, and platforms. These outages often result from network congestion, validator errors, or bugs, some lasting as long as 17 hours. A notable example occurred in September 2021, causing chaos for users who couldn’t access their funds or complete…

Key Takeaways FTX’s Chapter 11 reorganization plan was approved by a US bankruptcy court on Monday. FTX creditors will receive 119% of approved claims in cash following court approval. Share this article FTX’s native token, FTT, soared over 50% to $3.23 on Monday after FTX received court approval for its bankruptcy plan. The plan will allow FTX to repay customers in full using $16 billion in recovered assets, including interest.After the surge, FTT is now settled at around $2.72, CoinGecko data shows. The token’s value rose 100% in the last two weeks as investors awaited a confirmation hearing.Source: CoinGeckoOn Monday,…

Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $1 billion in investments, bitcoin mining could […] Source link

A widely followed crypto analyst says that one meme asset that has seen a 300x surge in under a year is on the brink of sparking another major rally. Pseudonymous crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that memecoin Popcat (POPCAT) looks incredibly bullish after taking out its last true resistance at $1. According to the trader, he sees POPCAT surging by over 60% from current levels. “Once a coin breaks out of the range, you want to see continuation. Of course, this is going to depend on BTC but I think that…