Author: NBTC
If you’re a keen reader of CryptoSlate, you may have noticed that our editorial style avoids referring to Bitcoin as ‘crypto.’ This isn’t accidental, and the choice was not pedantic. We believe that Bitcoin stands apart from other digital assets we traditionally classify under the broad term ‘crypto.’ I stand behind this vision; however, it has not always been the case. My profile describes me as a “blockchain maxi,” and this was born, I now believe, from a critical misunderstanding of the intangibles of Bitcoin. One of the first articles I wrote in this space promoted the concept that a…
Litecoin (LTC) has reached a historic milestone, as reported by IntoTheBlock. The network now boasts over five million long-term holders, comprising an impressive 62.5% of all LTC addresses with a balance. This achievement marks a significant moment for the cryptocurrency, demonstrating its widespread adoption and long-term viability. The growth in long-term holders has been particularly notable in recent months. The number surged by 170,000 in just over a week at the end of February, signaling a strong trend toward holding LTC for extended periods. Additionally, the number of “Crusiers,” who have held LTC for 1-12 12 months, stands at 2.54…
The Montenegrin court once again approved the extradition of Do Kwon, one of the key figures in the Terra (LUNA) cryptocurrency collapse, leaving the final decision to the Minister of Justice Andrej Milovic. This decision came after the local Supreme Court canceled Kwon’s extradition to South Korea and restarted the process. The Supreme Court of Podgorica ordered Kwon’s extradition and stated that the legal requirements for extradition “to South Korea and the United States” had been met. The final decision on extradition will be made by Minister of Justice Andrej Milovic. The Supreme Court of Podgorica decided to extradite Kwon…
In a week marked by volatility in Bitcoin prices, US spot Bitcoin exchange-traded funds (ETFs) reached record highs, witnessing unprecedented levels of both net inflows and trading volume. Spot Bitcoin ETFs Experience Record Weekly Inflows and Trading Volume Data compiled by BitMEX Research and Farside Investors revealed that net inflows into spot Bitcoin ETFs rose to $2.57 billion in the week ending last Friday. This figure marks a significant increase of 15% compared to the previous week’s total inflow of $2.24 billion. BlackRock’s IBIT ETF, which led the way in terms of net inflows, reached a significant figure of $2.48…
David Schwartz, a high-ranking executive of Ripple, the company’s chief technology officer and one of the XRPL creators, commented on a recent video published by Ripple featuring Brad Garlinghouse. In it, the Ripple chief executive takes a prominent dig at scammers, who frequently impersonate him in videos published on various social media platforms, but mainly on X/Twitter and YouTube. Ripple CTO shares his jesting take David Schwartz issued a rather ironic comment on the anti-scam video, saying that he saw it for the first time during a meeting that took place on Zoom. He also mentioned the joke when Garlinghouse…
The SEC secretly investigated Dapper Labs in September but closed the case in December 2023. The document, acquired by Fortune and referred to as a “Case Closing Report,” was signed off by David Hirsch, head of the SEC’s Crypto Asset and Cyber Unit, on Sep. 29, 2023. The report did not detail the reasons for the SEC’s inquiry into Dapper Labs, its initiation date, or the factors leading to the investigation’s termination. Dapper Labs is behind high-profile NFT projects such as NBA Top Shot and CryptoKitties. You might also like: SEC serves Wells notice to Uniswap The specifics behind the…
Historically, every Bitcoin halving — a disinflationary mechanism inscribed in the currency’s code by Satoshi Nakamoto — has come a year or two before a new all-time high. This is partly because a halving cuts the block reward paid to miners in half, reducing the number of new bitcoin being created and theoretically making bitcoin more scarce. For example, with the latest halving to come, the block reward will fall from 6.25 bitcoin (BTC) to 3.125 BTC. The three previous Bitcoin halvings occurred in the run-up to an all-time high, which then gave way to a price drawdown — until…
aelf, an innovative blockchain network, has declared its visionary strategy to incorporate artificial intelligence (AI) into its blockchain operations. This step signifies a transformative era for the aelf blockchain, which will evolve from a decentralized network to an advanced ecosystem infused with cutting-edge AI technologies, expanding its capabilities and enhancing user engagement. aelf’s transition integrates computational advancements, large language models (LLMs), and intelligent agents into its blockchain infrastructure, marking a significant enhancement and evolutionary step in its development. “This is not merely an improvement; it is the evolution of our blockchain,” explained Auric, the founder of aelf. 📢ANNOUNCEMENT📢As we envision…
Yesterday, Uniswap, the world’s largest decentralized exchange platform, announced through its blog that the U.S. Securities and Exchange Commission served them with a Wells notice indicating a possible lawsuit. This not-so-shocking news comes when the SEC is still in wrangles with Coinbase, the US’s largest centralized exchange, and Ripple, among other crypto and blockchain companies. Following the announcement, notable individuals within the crypto community have come out to voice their opinions on the SEC and their motives. Uniswap took to their blog to explain the contents of the Wells notice, indicating that the SEC did not provide any material detail…
XRP investors holding between 5,000 and 100,000 XRP could see their investments skyrocket by as much as 70 to 164x if XRP rallies to the $43 to $100 range. The cryptocurrency market has embarked on a recovery journey, with Bitcoin (BTC) leading the charge, as prices experience major rebounds. However, despite BTC reclaiming the $70,000 price point, some altcoins have not recovered their mid-March highs. XRP is one such altcoin, currently trading for $0.6085 amid a 0.93% drop over the last 24 hours. In addition, while XRP’s relative strength index (RSI) indicates a lack of strength, its current position at…