Author: CryptoHoppers
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…
In today’s edition of the weekly recap: the U.S. SEC filed an appeal notice in the Ripple case; tensions in the Middle East escalated after Iran fired missiles at Israel; amid the Middle Eastern tensions, market uncertainties arose; HBO claimed… Source link
Key Takeaways Bitcoin recorded a modest 2.5% gain in Q3 despite market sell-offs. NYDIG notes Bitcoin’s year-to-date gain stands at 49.2%. Share this article According to a recent note from New York Digital Investment Group’s (NYDIG) research division, Bitcoin remains the best-performing asset class in 2024 despite a subdued third quarter. The alpha crypto’s year-to-date gains of 49.2% still outpace other assets, though its lead has narrowed amid significant market challenges.NYDIG’s research head Greg Cipolaro noted in an Oct. 4 report that Bitcoin gained just 2.5% in Q3, rebounding from Q2 losses but constrained by significant sell-offs. The asset faced…
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, which was originally published in Q1 2024, writer Gaz of Blocmates thoroughly examines Fantom’s major upgrade, named Sonic. For more Blocmates content, read crypto […] Source link
The release date for HBO’s documentary “Money Electric: The Bitcoin Mystery” is drawing closer. Thus, the community has intensified speculation surrounding the true identity of Bitcoin’s creator, Satoshi Nakamoto. Scheduled to premiere on October 8, 2024, the film, directed by Cullen Hoback, known for his investigative series “Q: Into the Storm,” has captured significant interest, influencing prediction markets. Lee Sassaman Becomes Top Candidate for Satoshi Nakamoto Identity Len Sassaman has emerged as the leading candidate for Nakamoto’s identity on Polymarket, a betting platform. Currently, 51% of participants believe the documentary will reveal Sassaman as the enigmatic creator behind Bitcoin. For…