David Schwartz, the Ripple CTO, recently disclosed that he opted to receive Ripple shares instead of an XRP allocation. Schwartz revealed this in a recent discussion surrounding Ripple’s substantial XRP holdings. Notably, the firm’s Q3 2023 XRP Markets Report, released last November, showed that it held 46.55 billion XRP as of September 2023, representing 46.5%…
In 2024, the crypto market is experiencing significant growth, with Bitcoin and Ethereum leading the way as popular alternatives to traditional investments. The introduction of spot Bitcoin ETFs marks a turning point, attracting institutional investors and signaling wider acceptance of cryptocurrencies. While Bitcoin and Ethereum are the primary beneficiaries of the incoming capital, the growth…
Crypto phones, also known as blockchain phones, go beyond the conventional features of traditional devices by integrating blockchain technology at either the software or hardware level. This integration facilitates the creation of decentralized networks that prioritize enhanced security, privacy, and user control. Enhanced Security Features One of the defining features of crypto phones is their…
The amount of Ethereum (ETH) staked in smart contracts has seen an impressive jump despite the withdrawal allowance ushered in by the Shapella Upgrade. According to data insight shared by Ki Young Ju, the CEO of CryptoQuant, the Ethereum locked-on staking protocols now stand at 24% of the total supply. Data from CryptoQuant puts this…
While Bitcoin struggles to maintain its footing at $42,500, a longstanding technical analyst has argued that BTC could be heading towards a consequential decline, potentially tanking to $34,000. The foundation of the bleak outlook rests on suggestions from Bitcoin’s historical pattern, particularly those established before halving cycles. Notably, Bitcoin’s next halving is just three months…
Tether continues to strengthen its stablecoin (USDT) reserve as it purchases 8,888 BTC in Q4 2023, bringing its total Bitcoin holdings to 66,485. Tether, the world’s largest stablecoin issuer, has increased its Bitcoin holdings following its acquisition of a significant amount of BTC. According to reports, Tether purchased a whopping 8,888 BTC, equivalent to $380…
XRP runs the risk of dropping as low as $0.34 unless bulls can fight back as the cryptocurrency faces a crucial support level. XRP has had a less-than-stellar start to 2024, dropping over 9% from its yearly open value of $0.62. However, there could be more losses ahead unless bulls can rally to push the…
The X account of leading blockchain-based protocol VeChain has suffered a hack, with the exploiters leveraging the account to promote a scam giveaway. The official X account of the VeChain protocol was hacked by malicious actors a few minutes ago today, Jan. 18, and used to promote a scam giveaway promising double of whatever investors…
Attorney John Deaton says the SEC classified Ripple’s XRP sales under several categories, emphasizing that Judge Analisa Torres only ruled accordingly. The cryptocurrency community has continued to comment on the just-concluded hearing of Coinbase’s motion to dismiss the SEC’s lawsuit. SEC Criticizes Judge Torres Ruling As expected, the SEC did not disappoint XRP community members…
Cardano (ADA) has proven that it can outshine Ethereum (ETH), the industry’s largest smart contract network, in one of the most understated ways. According to data from crypto analytics platform IntoTheBlock (ITB), the 30-day volume of large transactions on Cardano has far outstripped that of Ethereum. This update comes in the wake of the general…