Month: January 2024

Ripple CTO Explains How AMM Feature Will Enable XRP Holders To Earn Passive Income

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The decentralized open-source blockchain, XRP Ledger, is set to introduce more innovative solutions to XRP holders through its new Automated Market Maker (AMM) feature. The XRP community is currently buzzing with excitement as the Chief Technology Officer (CTO) of Ripple, David Schwartz, unveils how the AMM offers a unique avenue for earning passive income. XRPL AMM To Empower XRP Holders In a recent X (formerly Twitter) post, Schwartz discussed the ways an XRPL AMM could provide opportunities for XRP holders to make regular income through the AMM’s distinct trading mechanism. …

Silk Road drug lord forfeits $150m in DEA’s largest ever crypto seizure

A Silk Road drug lord who was extradited from the U.K. admits to operating an illicit drug network and surrenders $150 million in crypto.  According to the U.S. Department of Justice, Banmeet Singh, a 40-year-old individual from Haldwani, India, has pleaded guilty to operating an illegal drug distribution network. He utilized various dark web platforms, including notable ones like Silk Road, Alpha Bay, and Hansa, for selling an array of controlled substances.  Singh’s operation involved customers placing orders through his online storefronts and paying in cryptocurrencies. He then facilitated the…

Bitcoin sent to ETF wallet to benefit fund investors

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Bitwise has publicly disclosed its Bitcoin ETF fund wallet, attracting unsolicited Bitcoin from ETF supporters. Bitwise, a prominent player in the field, became the first issuer of a spot Bitcoin ETF to reveal the wallet address for its fund publicly. Shortly after this disclosure, the wallet began to receive an array of unsolicited contributions. Unexpectedly, individuals began sending small quantities of Bitcoin to the wallet, with amounts such as 0.00042069 BTC. Additionally, the wallet received various BRC-20 tokens, Bitcoin domain names, and a collection of Bitcoin NFTs. The total value…

DAOs Are Not the Next Home for Online Extremism

When we see largely peace-loving, crypto-nerd, not-racist, “DAOs” use virtually identical communications facilities, we should not also conclude that this makes crypto people extremists, or that this makes DAOs friendly to extremists, or even that DAOs are appropriate for extremists. It means that DAOs, like many other online communities which use Discord and make it one of the most popular social media applications in the world, including political movements, all emphasize participation over secrecy. Adding a DAO into the mix does not create a “safe haven” from anything, and certainly…

Analyst Predicts Bitcoin to Hit $250,000 Before Halving

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In a post shared on X on January 26, crypto analyst BitQuant forecasts that Bitcoin (BTC) will recover from the current downtrend and surge past its all-time high of $69,000 to over $250,000 before the upcoming Bitcoin halving in April. BTC to $250,000 before halving | Source: BitQuant on X Bitcoin To $250,000 Before Halving? From the chart shared, BitQuant notes that Bitcoin is still trending inside a rising channel. Out of the multi-year uptrend that the coin is in, this channel’s next “touch” is projected to be at around $250,000. For…

Spot Bitcoin ETFs see $80m net outflows on Thursday

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Investor interest in newly launched spot Bitcoin ETFs seems to wane, as another $80 million net outflow was recorded yesterday.  According to Bloomberg reports, Bitcoin ETFs witnessed an approximately $270 million inflow on Wednesday. However, factoring in the withdrawals from Grayscale Investment’s Bitcoin ETF, the net outflows totaled about $153 million on that day. The trend continued today with a $80 million net outflow, marking the fourth straight day of net withdrawals across these 10 funds.  These outflows were solely from the Grayscale Bitcoin Trust (GBTC), which transitioned into an…

Keren Blankfeld on the Story of ‘Lovers in Auschwitz’

Every year, International Holocaust Remembrance Day marks the anniversary of the Jan. 27, 1945, liberation of Auschwitz, Nazi Germany’s biggest death camp, where more than 1 million Jews were murdered or died there. And yet, 79 years later, new information about what life in Auschwitz was really like is still coming out. The latest is Keren Blankfeld’s Lovers in Auschwitz: A True Story, a book out Jan. 23 about two Jewish prisoners who managed to date while imprisoned, but went their separate ways after the liberation and would not see…

Could Bitcoin Ever Skyrocket To $10 Million? Possible, But Based On This Condition

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Peter Schiff, a well-known critic of Bitcoin, recently engaged in a thought-provoking discussion about Bitcoin’s value relative to gold. Despite his longstanding skepticism, Schiff has presented a scenario where Bitcoin could reach roughly $10 million by 2031. However, the Bitcoin critic responded that this could happen under particular economic conditions. Schiff’s Extreme Hypothesis On Bitcoin’s Ascent To $10 Million This bold statement arises from the Economist’s comparison of Bitcoin’s potential growth trajectory to gold, highlighting the volatility of crypto assets and the spirited optimism of their proponents. No matter how…