Author: NBTC
Ripple’s XRP relies on centralized UNLs, challenging its decentralization claims and raising concerns about blockchain trustlessness. Justin Bons critiques XRP’s reliance on Proof of Authority, highlighting the XRP foundation’s control over validator selection. Ripple’s pre-mined XRP distribution and lack of validator incentives fuel fairness concerns, urging a shift to transparency or true decentralization. Ripple’s claim of decentralization has sparked heated debates, with crypto researcher Justin Bons dissecting the network’s core structure in an X thread. His detailed 25-point thread challenges Ripple’s assertions, accusing it of misleading investors about XRP’s decentralized nature. Bons highlights Ripple’s reliance on Unique Node Lists, which…
WazirX explains creditors will receive their funds following court’s approval on the upcoming hearing scheduled for 22 Jan. Creditors can withdraw their funds in their preferred crypto tokens supported by the exchange. The WazirX hack has become one of the most controversial topics of 2024, involving a theft of over $230 million funds. All the users who lost funds in this hack have been waiting for this issue to resolve for several months. The time seems to come where WazirX distributes funds to all eligible creditors through its restructuring scheme. 📢 FAQs around Restructuring SchemeQ1: What is the expected timeline…
Aave CEO recently announced plans to launch new innovative contracts on Lens Network. Smart contracts for social feeds and groups, ERC-20 new versions, and innovative ERC71 contracts are some of the highlights. Decentralized social media platform Lens Network is set to enhance its features with new smart contracts release. As the project is still in its early stages, CEO Stani Kulachov announced its plans to release innovative smart contracts. Stani Kulachov is the CEO of one of the top DeFi protocols, Aave has come up with the idea of developing Lens Protocol under Avara umbrella company. When he playfully claimed…
Bitcoin dips further, currently trading at $92,939 after a 1.45% decline as selling pressure continues to mount. However, in the early hours, Bitcoin briefly rebounded and surpassed $93,000. Bitcoin Market Trends At the time of writing, Bitcoin’s 24-hour trading volume has surged by 7.36%, reaching $90.88 billion. Meanwhile, the market cap has dipped by 1.54%, at $1.84 trillion. Courtesy: Coinmarketcap Despite its position as the seventh most valuable asset globally, Bitcoin faces competition from petroleum giant Saudi Aramco, which holds a market cap of $1.771 trillion. Bitcoin’s constant surge in the last week had traders expecting that it will soon…
An unknown major investor recently withdrew over 80 billion Shiba Inu (SHIB) tokens from leading U.S. crypto exchange Coinbase. According to on-chain data from Arkham Intelligence, the previously empty wallet under the code “0xE0624” began actively transferring SHIB tokens from Coinbase today and managed to add $2.39 million worth of Shiba Inu to its holdings in 13 hours. In total, it four transfers to accumulate a staggering 80.547 billion SHIB. Such withdrawals are seen as a bullish sign by crypto market participants, as it is believed that large investors bought a huge amount of cryptocurrency and then withdrew it to…
Binance Alpha, the exclusive pre-selection pool for Binance listings, has announced the addition of three new project tokens. Binance Alpha Unveils New Batch of Project Tokens: ELIZA, METAV, and FLOCK Highlighting projects with strong potential for future Binance listings, this initiative provides users with early access to explore innovative tokens before they reach a wider market. Binance Alpha serves as a launchpad for promising blockchain projects, offering early insight and exposure to Binance’s large global user base. Details of Newly Added Tokens ELIZA: A blockchain-powered platform focused on advancing artificial intelligence and decentralized data exchange. METAV: A metaverse-centric project that…
OpenLedger and 0G Labs have recently made an official statement about the partnership that aims to change the synergy between artificial intelligence (AI) and blockchain in the future. This collaboration has the clear potential of setting a precedent that will allow decentralized solutions to usher in new developments that will stand on the borders of emerging industries. Announcing our strategic partnership with @0G_labsIn partnership with @0G_labs , OpenLedger is set to revolutionize the interplay between AI and blockchain, paving the way for a new era of decentralized innovation.A bit about us,OpenLedger, the World’s Data Blockchain for… pic.twitter.com/cgO0cjrPLU — Openledger (@OpenledgerHQ)…
Renowned Bitcoin critic Peter Schiff recently asserted that after the company’s aggressive buying spree ends, Bitcoin (BTC) and MicroStrategy (MSTR) may crash. With $10 billion already spent, Schiff noted that MicroStrategy’s three-year plan to spend $42 billion on Bitcoin could be completed much sooner than expected. He believes that the market will lose a major source of demand once the buying stops, which will cause the price of Bitcoin to drop precipitously. This perspective aligns with Schiff’s long-standing mistrust of Bitcoin. His argument is based on the notion that institutional buying — specifically from MicroStrategy — plays a significant role…
While Bitcoin struggles to push past the $100k mark, BNB, a cryptocurrency associated with Binance, is among the top-performing altcoins in the past 24 hours. The cryptocurrency surged 23% to trade at a new all-time high of $793, at some point surpassing Solana as the fifth-largest cryptocurrency by market cap. The rally is reportedly supported by growing investor confidence, increasing derivatives market activity, and heightened interest in BNB’s role within the Binance ecosystem. According to CoinMarketCap data, BNB is currently the sixth largest cryptocurrency with a market capitalization of $108 billion. It trails Solana, which has a market cap of…
Binance has announced the inclusion of the BIO Protocol (BIO) on a wide range of platforms, including Binance Simple Earn, Buy Crypto, Binance Convert, Margin, Auto-Invest, and Futures. Binance Expands BIO Protocol (BIO) Integration Across Multiple Services The integration will increase users’ access to the token through various financial services and trading features. Important Dates and Details Simple Earnings and Automatic Investing: BIO Flexible Products will be available for subscription on Binance Simple Earn starting at 1:00 PM on January 3, 2025. Users can include BIO in their Binance Auto Trading plan using various payment options starting at 13:00 on…