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Hop Protocol reveals details of Hop DAO and Optimism-style airdrop

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Posted on May 5, 2022

Hop Protocol, a cross-chain bridge designed to facilitate the quick transfer of tokens between different Ethereum Layer-2 scaling solutions, has unveiled a new governance model alongside an airdrop that will see early users receive 8% of the total supply of soon-to-be-released HOP tokens. Similar to Optimism, which recently unveiled a new governance structure that will

Renowned Fashion Brand Gucci Diving Into Crypto, Will Accept Digital Asset Payments in Select US Stores: Report

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Posted on May 5, 2022

Acclaimed fashion brand Gucci is venturing into the world of digital assets with the announcement that the company will soon begin accepting crypto payments in select stores across the US. According to a new report by Vogue Business, the famed luxury line will begin welcoming cryptocurrency payments starting at the end of May with plans

Descending channel pattern and weak futures data continue to constrain Ethereum price

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Posted on May 5, 2022

Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance. Ether/USD price at FTX. Source: TradingView Federal Reserve monetary policy continues to be

Here’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint

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Posted on May 5, 2022

In May 2021 OpenSea closed out nearly $140 million in total volume. Fast forward a year and the most dominant NFT marketplace closed over $880 million in less than a week partially because of the Yuga Labs’ The Otherside mint. As a result of this mint, a fresh surge of liquidity was injected into the

Kazakhstan imposes strict energy consumption reporting requirements on crypto miners

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Posted on May 5, 2022

Kazakhstan has imposed new reporting requirements that seek to determine the energy consumption rate by crypto miners. The order requires every crypto-miner in the country to provide detailed information about their operations 30 days before commencing operations. Kazakhstan requests new information from miners The new rules aim to determine how crypto mining affects the country’s

A third of Brits have bought crypto, says Coinbase report

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Posted on May 5, 2022

Bitcoin (BTC) number go up technology is boosting crypto adoption in the United Kingdom. More and more Brits are buying cryptocurrency according to a Coinbase research piece carried out by Qualtrics. The key takeaways indicate that 33% of British people own crypto, up from 29% in October 2021. Plus, over half, or 61%, of those surveyed intend

Ripple Takes the Gloves Off in XRP Lawsuit, Goes After ‘Ridiculous’ SEC Tactics: Crypto Legal Expert

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Posted on May 5, 2022

Attorney and crypto expert Jeremy Hogan thinks Ripple has finally “taken the gloves off” in its legal face off against the U.S. Securities and Exchange Commission (SEC). The SEC sued Ripple in late 2020, alleging that the payments firm sold XRP as an unregistered security. Recent squabbles in the lawsuit have centered around documents relating

Coinbase Research Report Details What’s Next for Bitcoin and Ethereum, Highlights New Class of Crypto Investments

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Posted on May 5, 2022

US-based digital assets exchange Coinbase is analyzing what’s ahead for the crypto markets in the second half of 2022. Starting with Bitcoin (BTC), Coinbase says in a research report that the supply of the flagship crypto asset could shoot up as the actualization of the Mt. Gox compensation plan gets underway in the second half

08/02/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | Bitcoin news today | BTC

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Posted on May 4, 2022

Algorand (ALGO) Founder Makes 10-Year Prediction On Crypto Markets: Report

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Posted on May 4, 2022

The founder of Ethereum challenger Algorand (ALGO) says that crypto assets with one key feature will survive into the next decade as blockchains become mainstream tools used by traditional financial institutions. In a new interview with the Los Angeles Times, Silvio Micali, a professor of computer science and cryptography at the Massachusetts Institute of Technology

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