Author: CryptoHoppers
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…
Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common currency, particularly between large economies like India and China. While some BRICS members support a single currency, Stepashin advocates for enhancing financial […] Source link
The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing. This surge was mirrored across the altcoin landscape, with several cryptocurrencies, including TRON, Avalanche (AVAX), and Chainlink (LINK), recording impressive gains ranging from 20% to 30% within just seven days. Despite these gains among widespread altcoins, Bitcoin continues to exert dominance over the entire market. Bitcoin Increases Dominance: What Does It Mean For Altcoins? The altcoin season has yet to…
Blockchain data indexing platforms are one of the most consequential, yet largely unknown innovations in the Web3 industry, helping to free up developers’ resources and dramatically improve the user experience in decentralized applications. Yet the vast majority of Web3 users don’t have the first clue about what a Web3 data indexing platform is, or does, or why it’s so important. It might come as a surprise to learn that data indexing is what makes the Web2 world go around. Indexing facilitates the bulk of people’s online interactions, enabling YouTube to serve them videos in interesting genres they like, ensuring search engines…