Day: March 29, 2024

Vitalik Buterin Explores Blobs and Parallelization in L2 Rollup Analysis

In a recent deep dive into Ethereum’s future scalability and infrastructure, Ethereum co-founder Vitalik Buterin discusses the latest introduction of blobs and their significant role in the evolution of layer two (L2) rollups. This pivotal development marks a transition towards more efficient internal scaling and parallelization within Ethereum’s ecosystem, according to Buterin. Scaling Ethereum: Buterin […] Source CryptoX Portal

Crypto Analyst Predicts 600%-1000% Return For XRP, Here’s The Target

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A cryptocurrency analyst has predicted a massive price surge for XRP, anticipating the cryptocurrency to witness a more than 600% increase. Despite its historically sluggish growth, XRP has begun to gather momentum, showing potential to experience major price growth during the 2024 bull run.  Price Projected To Soar Above $5 A crypto analyst identified as Egrag Crypto has taken to X (formerly Twitter) to predict an exponential price surge for XRP. According to Egrag Crypto XRP is “guaranteed” to experience a 600% to 1000% increase to new all-time highs around…

UK court freezes $7.6m of Craig Wright’s assets

A British court has issued a global freeze on $7.6 million of Craig Wright’s assets, effectively blocking him from transferring the funds abroad.  A legal ruling earlier this month found Wright not to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, contrary to his previous claims. Judge James Mellor presided over the lawsuit initiated by the Crypto Open Patent Alliance (COPA). The judge concluded that Wright did not invent Bitcoin, write the original Bitcoin whitepaper, or develop the early versions of the Bitcoin software.  Subsequently, Wright informed the U.K.’s Companies…

Taiwan’s Cryptocurrency Sector Granted Approval for Industry Association Formation

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Taiwan’s Ministry of the Interior has approved the establishment of a cryptocurrency industry association, marking a significant step toward regulating the burgeoning sector. The local cryptocurrency industry working group, which was formed last year to pave the way for the creation of the association, announced on Friday that it had received government approval for its application. The working group is now tasked with finalizing all necessary preparations and officially establishing the cryptocurrency industry association by the end of June, as stipulated by government regulations. Comprising 22 cryptocurrency firms, including prominent…

Dogwifhat (WIF) Flips PEPE As The 3rd Largest Memecoin

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Memecoins are again in the spotlight as some of the most popular dog-themed tokens performed remarkably during this bull cycle. Dogwifhat (WIF), Floki Inu (FLOKI), and Dogecoin (DOGE) have done impressive numbers this month. WIF’s market capitalization skyrocketed to almost $4 billion, surpassing PEPE and taking third place as the largest memecoin in the market by this metric. Hats On, Is WIF Going To The Moon? Yesterday, WIF’s price increased 32% in half a day, setting a new all-time high (ATH) of $4. Simultaneously, its market capitalization jumped from $3.04…

Bitmain Reveals S21 Pro Bitcoin Miner: Pioneering 15 Joules per Terahash 

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On Friday, the producer of bitcoin-specific application-specific integrated circuit (ASIC) mining equipment, Bitmain, unveiled the latest Antminer S21 Pro model during the World Digital Mining Summit (WDMS). This new device features a hashrate of approximately 234 terahash per second (TH/s) and boasts a much lower energy efficiency of 15 joules per terahash (J/T). New Antminer […] Original

LTC eyes $150 ahead of Bitcoin Halving

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Litecoin’s price reached an eight-month peak of $106.2 on March 29, and recent trends observed among miners and speculative traders suggest more gains ahead. On March 29, Litecoin emerged as the best-performing asset in the top 20 crypto market rankings after scoring 12% gains within a frenetic 12-hour period. On-chain data trends pinpoint the key drivers behind the ongoing Litecoin price breakout and how speculative traders have positioned their bets on LTC for the coming days. Litecoin miners leading the rally Litecoin’s price has been spiraling downward since the completion…

Crypto Expert Predicts Massive Shiba Inu Run As Price Mirrors 2021

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Crypto expert Rekt Capital has suggested that Shiba Inu (SHIB) could follow a similar trajectory to its move back in 2021. If so, this sets up the crypto token for a parabolic move that could see it hit its all-time high (ATH) and even surpass it.  2024 Shiba Inu To Mirror 2021 Action Rekt Capital mentioned in an X (formerly Twitter) post that SHIB’s retest was successful and that history was repeating itself. According to him, SHIB needs to break above the $0.000033285 price range to begin its uptrend continuation.…

UK Judge Freezes Craig Wright’s Assets Worth $7M Amid Satoshi Nakamoto Identity Dispute

After Judge James Mellor in the U.K. rendered his decision in the notable lawsuit initiated by the Crypto Open Patent Alliance (COPA) against Craig Wright, he concluded that Wright did not embody the persona of the pseudonymous Satoshi Nakamoto. Subsequently, Mellor enforced a worldwide injunction on Wright’s holdings, freezing assets valued at £6.7 million (approximately […] Source CryptoX Portal