Author: NBTC
The XRP Ledger (XRPL) went down briefly on November 25, 2024. This stopped transaction processing for about 10 minutes. RippleX has since urged validators and node operators to upgrade their networks to the latest version, Rippled 2.3.0. This will make the network more stable and prevent similar problems. The network issue happened at around 13:39 UTC. Several XRPL nodes crashed and restarted, including Full History, Current Ledger, Pathfinding, and Submission nodes. What Caused the Disruption? During the instability, XRPL’s consensus mechanism focused on safety over progress, which delayed transaction processing. The network started working normally again at 13:49 UTC. No…
The start of 2025 brings the crypto industry to a critical juncture. The United States, under the second Trump administration, is expected to make a pivot on its crypto policy. And across the Atlantic, the European Regulation on Markets in Crypto Assets (MiCA), the most comprehensive and ambitious legislation for virtual assets to date, became fully applicable. MiCA: Regulating Crypto in the EU A quick recap: MiCA’s first implementation date, June 30, 2024, applied to stablecoins (referred to as “Asset Reference Tokens” or “E-Money Tokens” under the MiCA-speak). Its second and final implementation date, December 30, 2024, brought all other…
FTX creditor Sunil Kavuri has highlighted how the SUI token’s recent performance represents a significant loss for the bankrupt exchange. In a post on X, Sunil noted that SUI reaching $5.20 with a $16 billion market cap meant that the 890 million SUI tokens that FTX sold for $96 million in March 2023 are now worth $4.6 billion. He posted on X: “FTX sold 890m Sui tokens (warrants) + equity to Mysten Labs for $96m in March 2023. These are worth $4.6 bn.” The bankrupt exchange sold the stake back to Sui network developer Mysten Labs in 2023, a few…
As bitcoin (BTC) trades under the $96,000 mark at 1 p.m. ET on Monday, prediction markets Kalshi and Polymarket reveal mixed expectations for the cryptocurrency’s potential to reach $100,000 within the coming months and throughout 2024. Analyzing $100K Betting Forecasts From Kalshi and Polymarket Kalshi and Polymarket, two prominent prediction platforms, highlight varied confidence levels regarding bitcoin’s milestone of $100,000. On Kalshi, traders estimate a 37% probability of bitcoin exceeding $100,000 before Dec. 1, 2024, a figure that has slightly decreased recently. This translates to 36 cents per “yes” contract and 66 cents for “no.” Kalshi odds at 1 p.m.…
During a discussion between Bitcoin advocate and influencer, Jeremy Davinci and Former XRP developer Matt Hamilton, concerns were raised regarding Bitcoin scalability, and it was highlighted as to why XRP, and XRP Ledger, provides a more practical solution for everyday use and how the Ledger’s first use case was to tokenize Bitcoin (BTC). $XRP was initially created to tokenenize Bitcoin 🔥🔥🔥Man davinci got the RED Pill shived down his throat 🤣🤣💀#Ripple #RLUSD pic.twitter.com/IYEGhtJW5C — XRPNinja (@steule47) December 2, 2024 In the discussion, Hamilton acknowledged the fact that Bitcoin was revolutionary at its launch, and pointed out that its utility is…
Pro-XRP lawyer Jeremy Hogan suggests a potential settlement in the Ripple vs. SEC case by April or May. Both Ripple and the SEC have appealed the court’s split decision, drawing widespread attention. Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal. But the new SEC administration may decide not to pursue the appeal, and perhaps that leads the parties to settle for what the court awarded. — Marc Fagel (@Marc_Fagel) January 6, 2025 The court had ruled Ripple’s $700 million institutional sales were illegal securities offerings and imposed a $125…
The clock is ticking for FTX creditors as the January 20, 2025 claims deadline approaches. A complex claims process, including KYC verification and tax submissions, has left many struggling to meet the requirements. Missing these deadlines could result in delayed payouts or even the loss of claims, adding to creditors’ anxieties. Bahamas FTX Claim DistributionMost are stuck on KYC, unable to choose Payment InstructionFTX set 20th Jan deadline to complete:1) KYC2) Tax forms3) Choosing Distribution Agentfor claims <$50kFTX customers involved are concerned with the Bahamas process and deadlines pic.twitter.com/yQVQyHvAnP — Sunil (FTX Creditor Champion) (@sunil_trades) January 6, 2025 What Creditors…
Chainlink’s native token LINK surged 29% on Dec. 3 as supporters positioned it as the true “bank money,” drawing comparisons to XRP. Chainlink’s LINK Token Soars 29% and Is Dubbed Real ‘Bank Money’ by the Community This surge took LINK from $16.54 a week ago to $26.90, a 53% gain in seven days. The rally follows a number of developments in Chainlink’s ecosystem and renewed discussions in the crypto community regarding LINK’s role in connecting blockchain networks to traditional financial systems. LINK’s rise coincided with a notable rally by XRP, which climbed to $2.46 before recently pulling back. XRP’s rally…
Michael Saylor, Executive Chairman of Microstrategy, would be open to taking a crypto advisory role in the Trump administration. However, he declined to disclose if he had already met with President Trump to discuss this subject. Michael Saylor Open to Serve Under Trump Michael Saylor, Executive Chairman and co-founder of Microstrategy, the public company that holds the most bitcoin, remains open to taking a crypto advisory role in the upcoming Trump administration. In a recent interview with Bloomberg, Saylor was inquired about his political views and possible involvement with the upcoming administration. When asked if he had met with President…
FTX EU, the European arm of Sam Bankman Fried’s now-bankrupt cryptocurrency trading empire, has been sold to Backpack Exchange, a crypto trading company founded by former Alameda Research and FTX employees. FTX EU, which held a MiFID II-license under the Cyprus Securities and Exchange Commission (CySEC), cost Backpack $32.7 million, the exchange said. Backpack’s new European arm will offer a full suite of crypto derivatives throughout the EU, starting out by capitalizing on its position as the only regulated perpetual futures provider across Europe, according to Armani Ferrante, CEO of Backpack Exchange. A number of crypto trading firms have applied…