Author: CryptoHoppers

Solana is quickly becoming a major player in the world of cryptocurrency, thanks to its unique networking approach. Unlike many blockchains, Solana aims to keep all activity directly on its core network, or Layer 1 (L1), which provides several advantages to the users and investors.  As per a few crypto analysts, Solana offers numerous benefits that sets it apart, such as: Earning Money by Staking SOL One of the most important feature of Solana is how people who hold SOL tokens can earn real value. When there is a lot of demand for space on Solana, due to a project…

Key Takeaways BlackRock’s iShares Bitcoin Trust led with $184 million in inflows. Total net inflows for US Bitcoin ETFs have reached $246 million so far this week. Share this article US-listed spot Bitcoin exchange-traded funds (ETFs) have notched their fifth consecutive day of positive performance, collectively taking in approximately $106 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) led with around $184 million in net inflows, according to data tracked by Farside Investors.Source: Farside InvestorsOn Wednesday, Bitwise’s Bitcoin ETF (BITB) added around $2 million in new capital. In contrast, Fidelity’s Bitcoin Fund (FBTC) and ARK Invest/21Shares’s Bitcoin ETF (ARKB) faced…

Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever recorded. Bitcoin’s Mining Game: […] Source link

According to popular crypto analyst Rekt Capital, Bitcoin has successfully broken out of a months-long downtrend, potentially setting the stage for a rally to new heights. The analyst points to Bitcoin’s convincing break above a series of lower highs, with a weekly close well above the critical $61,900 level. This move, Rekt Capital argues, signals the end of the downtrend that has been in place since late July. The road to Bitcoin hitting $67,000 While the breakout is certainly bullish, Rekt Capital cautions that a retest of the former downtrend line is possible. This could see Bitcoin pull back to…

Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of four major United States regulators. The letters demand that the regulators communicate across agencies about a particularly controversial SEC bulletin from 2022, known as SAB 121. One of the letters was addressed to SEC Chair Gary Gensler — just a day before Gensler would join all of his fellow SEC commissioners in a U.S. House Financial Services Committee hearing on…

Key Takeaways BlackRock’s Bitcoin and Ethereum ETFs experienced a huge influx of $158 million in one day. Global monetary policies, including US rate cuts and China’s stimulus, boost crypto market confidence. Share this article BlackRock’s spot Bitcoin and Ethereum exchange-traded funds, the iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA) collectively drew in around $158 million in net inflows on Tuesday amid a crypto market recovery that saw Bitcoin surge past $64,000.According to data tracked by Farside Investors, the IBIT fund logged approximately $99 million in new capital, bringing its total net buying since launch to $21 billion.IBIT made a…

Get ready for an exciting new chapter in the world of digital art as Slimesunday, the Boston-based artist, unveils his latest solo show, “The Mixtape.” The exhibition will take place at Pellas Gallery on Thursday, October 3rd, 2024, from 6:30 PM to 9:00 PM, promising an immersive experience that pushes boundaries with its innovative blending of nostalgia, censorship, and deeply personal expression. A Deeper Dive into Slimesunday’s Artistic Vision Slimesunday, known for his controversial and thought-provoking digital collages, has become one of the most prominent creators in the NFT and digital art space. His work often explores themes of censorship,…

Mitroplus Labs Africa, a Ugandan blockchain education institution, launches “Afro” meme token on Tron’s Sunpump network. Afro, represented by an African girl, is intended to promote African identity in blockchain education. Founder Ivaibi Festo says Afro’s success will demonstrate Mitroplus Labs’ ability to develop utility tokens. The token will be integrated with educational seminars and […] Source link

Bitcoin is currently trading around $63,500 as we start the journey into the last week of September with optimism for bullish prices. Renowned crypto analyst Willy Woo has offered an optimistic outlook for Bitcoin’s next steps, drawing attention to a key technical indicator, the Puell Multiple. In his recent analysis, Woo suggested that Bitcoin is positioned for a significant rally, forecasting bullish momentum as we head into the final quarter of 2024. The Role Of The Puell Multiple Willy Woo’s outlook revolves around the Puell Multiple, a metric that helps identify Bitcoin’s market cycle peaks and troughs by comparing the…

The Celestia Foundation has raised $100 million, led by Bain Capital Crypto, bringing its total funding to $155 million. Launched in October 2023, the Celestia Mainnet Beta introduces a modular consensus and data network, enabling developers to build high-throughput applications without the limitations of traditional blockchains. This innovation has already resulted in the deployment of 20 rollup chains, with data blobs exceeding half of the total published by rollups. Celestia aims to significantly improve data throughput, targeting 1 gigabyte blocks to revolutionize blockchain scalability. Follow us for inspiring posts and storiesWe’d Love to Hear Your Thoughts on This Article!Was this…