Author: CryptoHoppers

Avalanche Foundation, a Non-profit Organization, has launched an infraBUIDL() Program that will act as a bridge between developers and the blockchain infrastructure. The Avax Foundation, a non-profit organization that runs development programs and resources for developers, entrepreneurs, and users, recently publicized the infraBUIDL() program that will help spread AvalancheLS1. The Goal Since the Avax ecosystem is unique, through the infraBUIDL() program, the foundation will grant amounts to developers and teams that will build infrastructure projects that support the ecosystem. The intention is to strengthen the existing Avax ecosystem, establish innovative projects led by competent individuals, and foster a nurturing community. N Paths to Explore…

Key Takeaways BET reached $20 million daily volume but Polymarket maintains market dominance. Crypto prediction markets saw 740% volume growth and 1,500% user growth in 2024. Share this article Solana-based prediction market BET surpassed $20 million in daily volume on Aug. 29 but failed to sustain the volume spike the following day. Meanwhile, Polymarket is showing over ten times the trading volume of BET on Aug. 30.BET is a prediction market launched by the money market Drift on Aug. 17. Thus, registering a significant amount of daily trading volume in less than two weeks after launch is no small feat.…

Argentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part limited series, titled “Milei – The Series,” will showcase the process Milei underwent to reach the Argentine presidency. It will feature never-before-seen insider content recorded by director Santiago Oria, who is also responsible for the […] Source link

The Blockchain Association filed a Freedom of Information Act (FOIA) request to uncover if the US Securities and Exchange Commission (SEC) is secretly advising certain banks on how to bypass SAB121. This could allegedly mean providing special treatment for legacy banks. Earlier, the association submitted a FOIA request to investigate the de-banking of crypto firms in the United States. It was linked to allegations about account closures and refusal to open new accounts. FOIA request targets SEC’s possible favoritism In an X post, the Blockchain Association posted that it has filed a FOIA appeal to dig into the possible correlation…

Swan Bitcoin is partnering with Equity Trust Company to offer enhanced Bitcoin Individual Retirement Accounts. Clients can now seamlessly manage Bitcoin (BTC) within their retirement portfolios, with new account types such as Solo 401(k)s, Roth Solo 401(k)s, SEP IRAs, and Health Savings Accounts available through the Swan platform, according to an Aug. 29 press release.  This partnership expands Bitcoin savings to more tax-advantaged accounts. The collaboration also introduces a unique feature: a premium IRA option that provides clients with a specific watch address, allowing direct on-chain visibility and verification of their Bitcoin holdings. This marks a significant step in making…

Key Takeaways Tixbase and Passo’s partnership marks the largest blockchain ticketing deal to date. The partnership introduces NFT tickets, turning them into collectible assets. Share this article Blockchain ticketing platform Tixbase has entered into a five-year exclusive partnership with Passo, Turkey’s major event ticketing company. The collaboration intends to use blockchain technology to address issues in security, transparency, and user experience in the ticketing industry while also attempting to regulate the secondary market.This partnership represents a significant deal for blockchain ticketing, potentially indicating increased interest in blockchain solutions within the sector. The alliance will integrate Tixbase’s blockchain, TixChain—built on the…

Double Jump.Tokyo, a Japan-based Web3 gaming company, has secured over $10 million in its Series D first closing led by SBI Investment. The round, which had the participation of Sony Group Corporation and others, will allow the company to continue developing blockchain games and offering related services, strengthening its talent base at the same time. […] Source link

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…