Author: CryptoHoppers
Bitcoin millionaires surged by 111% in 2024, driven by new ETFs and Bitcoin highs Top crypto hubs like Singapore and Hong Kong benefited from favorable tax policies Despite the recent dip in the cryptocurrency market, a dip accelerated by Bitcoin [BTC] falling below $60k on 28 August, there remains a silver lining. This, thanks to Bitcoin’s stellar performance for most of 2024. Crypto wealth report analyzed According to “The Crypto Wealth Report 2024” by New World Wealth and Henley & Partners, the number of BTC millionaires climbed by 111% over the past year. In fact, figures for the same are…
Sony Group, a global tech titan renowned for its innovative products, is making headlines in the Web3, Blockchain, and Crypto sectors with its new venture, Soneium. This has sparked excitement in the Web3 community. So, what’s Sony’s plan with its Web3 initiative? Let’s find out!Sony’s First Ethereum Layer-2 BlockchainSoneium is Sony’s first attempt to launch an Ethereum Layer-2 blockchain. It’s designed to support Web3 applications, focusing on entertainment, gaming, and finance. Given Sony’s strong position in these areas, this new venture could have a significant impact on the Web3 space.Infrastructure Needs Web3 is at present in the beginning stage. To…
Key Takeaways Grayscale’s spot Bitcoin ETF records drastic drop in holdings. BlackRock’s iShares Bitcoin Trust now leads the Bitcoin ETF market. Share this article Grayscale, the second-largest crypto asset manager, has seen over 60% of its Bitcoin holdings in its Grayscale Bitcoin Trust (GBTC) slashed since the fund was converted into an exchange-traded fund (ETF), according to data from Coinglass.Back in January, when Grayscale converted its Bitcoin Trust to an ETF, GBTC held nearly 620,000 Bitcoin (BTC). As of April 28, that number had dropped to approximately 227,400 BTC, valued at around $13.3 billion at current prices.Ongoing outflows from the…
A coalition of Nigerian civil society organizations has applauded the plan by Zacch Adedeji, head of the Federal Inland Revenue Service, to include cryptocurrencies in the tax system. The CSOs believe this move will boost confidence in the crypto market and attract foreign investors. The CSOs believe a regulatory framework specifically designed for cryptocurrency trading […] Source link
Layer-1 blockchain network Avalanche and layer-2 blockchain ZkSync’s official Discord servers were compromised hours after Polygon Discord was breached. Avalanche posted screenshots on X that showed how its Discord server had been compromised and requested users to avoid interaction or clicking on any links. In the screenshots, the attackers posted several links to dupe “distribution” schemes for Avalanche’s native AVAX token and also lured them by asserting that holders and community members could claim free AVAX. Ben Well, the Community Lead at Avalanche revealed that the team had discovered the issue and resolved it and is also working to restore…
The Mythical Marketplace is a digital platform designed for trading NFTs (non-fungible tokens) in the gaming world. Developed by Mythical Games, the studio behind titles like Blankos Block Party, this marketplace aims to bridge the gap between traditional gaming and blockchain technology. The Mythical Marketplace allows players to buy, sell, and trade in-game items as NFTs. This means that players can potentially monetize their time and effort spent in games, turning rare collectibles or achievements into tradable assets. Mythical Marketplace focuses on user experience, particularly for gamers who may be new to blockchain technology. The platform offers features like “quick…
The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns, while the funds were allegedly used for personal luxuries. The SEC seeks injunctions, […] Source link
Bitcoin’s price action has captured the attention of analysts and traders alike as it hovers just below the critical $65,000 resistance level. After a week of steady gains, Bitcoin climbed from an opening price of $58.11K to a weekly peak of $65,000 before exhibiting slight dips and stabilizing above $63.90K. This strong upward movement has fueled speculation about whether the cryptocurrency can break through the $65K barrier, a hurdle that many believe could trigger a new phase of bullish momentum. A Week of Gains and Fluctuations For a week, the price of Bitcoin has shown constant growth amidst a few…
In 2024, the Solana blockchain experienced a rapid expansion in the memecoin market, with pump.fun being at the forefront. The platform captured a massive audience seeking quick profits. Crypto.news conducted an in-depth analysis of the profitability of investing in pump.fun tokens, revealing that while a few early adopters managed to secure profits, the majority of investors ultimately lost money. Pump.fun is the leader in Solana’s memecoin ecosystem and holds 50% of the market share. It achieved this by streamlining token launches and making them both quick and easy. It also focused on ensuring a fair process for creating and trading…
Key Takeaways Russian hackers allegedly targeted French government websites in response to Pavel Durov’s arrest. President Macron claims the arrest of Telegram’s CEO was not politically motivated. Share this article The Paris Public Prosecutor’s Office has issued a press release detailing the official charges against Telegram CEO Pavel Durov. The judicial investigation, opened on July 8, 2024, following a preliminary inquiry by the Fight against Cybercrime Unit (JUNALCO), lists multiple grave allegations against an unnamed individual, with Durov, who was arrested over the weekend, accused of complicity in these activities through the Telegram platform.The charges include complicity in operating an…