Category Archives: Vitalik Buterin

Bitcoin in all its glory. Where’s the stop? – ForexLive

Market picture

Bitcoinjumped 24% last week to close at $28,000. Ethereum added 16.2% to $1800. Otherleading altcoins in the top 10 gained between 6.6% (Polkadot) and 19.3% (BNB).

The total capitalisationof the crypto market, according to CoinMarketCap, rose 14% over the week to$1.17 trillion.

Last weekproved to be the best week for bitcoin in the last five years, since February2018. BTC rose sharply along with gold as market participants began to see itas a safe haven for capital amid problems with banks.

At the sametime, bitcoin's positive traction has been boosted by technical factors. Havingfound itself in the $25,000+ territory, the first cryptocurrency appears to befacing an impressive short squeeze.

As is oftenthe case with cryptocurrencies, they only become attractive to speculatorsafter strong moves. The recent momentum still has some upside potential.

The 30,000area was a significant support for a year and a half until the middle of lastyear and now has a high chance of acting as resistance. As we approach the30,000 level, we should be prepared for the bulls to start taking massiveprofits, much as we have seen since the second half of February.

Ryan Selkis,CEO of analyst firm Messari, has predicted that the first cryptocurrency willhit $100,000 within 12 months. He sees bitcoin as a safe investment amidproblems in the US economy.

Moody'sbelieves that the recent decoupling of USD Coin (USDC) from the US dollar couldhinder the development of stablecoin and lead to tighter regulation.

Cryptocurrencyexchange Coinbase is exploring the possibility of creating a new tradingplatform outside of US jurisdiction, Bloomberg reports.

Launching anoffshore exchange would allow Coinbase to insulate itself from hostile USregulation and offer international customers new products that are not approvedin its home market.

Ethereumco-founder Vitalik Buterin has called for self-storage of digital assets. Hesaid that he personally and the Ethereum Foundation use the MultiSig wallet tostore most of their funds.

This article was written by FxPros Senior Market Analyst AlexKuptsikevich.

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Bitcoin in all its glory. Where's the stop? - ForexLive

Top Reasons Why This Ancient Ethereum Whale Holding $440 Million Has Never Liquidated – Coinpedia Fintech News

Cryptocurrency is anonymous, making it difficult to determine who owns what. Even some of the biggest whales, who have the biggest influence on the cryptocurrency market, can maintain their anonymity.

Usually, that isnt a matter of concern but is actually one of the reasons people seek crypto out.

However, this particular case, which is maybe the biggest mystery to date, demands your immediate attention. Continue reading to learn more.

In a recent tweet by the director of Coinbase, Conor Grogan, he mentioned one of the most mysterious addresses in all of crypto. He managed to dig up data on an Ethereum address that has been completely untouched since the ICO by Vitalik Buterin and other co-founders of the second-largest blockchain platform in the summer of 2014.

This address bought $75k worth of ETH at the ICO in the year 2014. It is a completely untouched wallet and has never made a single transaction. The wallet $400M+, a 5333x. It received $6.5M in airdrops just by holding (a 87x on initial investment alone).

There are three possibilities for something like this happening, lets understand in detail.

Firstly, the holder could have diamond hands. When it comes to cryptocurrency, having diamond hands means having the fortitude to hang onto your holdings even when they fall in value during a bear market until they start to become extremely profitable.

Investors with diamond hands have the conviction to hold onto their investments even when everyone else is selling and to resist the urge to panic-sell when the markets tumble. Diamond hands are a show of dedication to an asset and suggest knowledge of the possible advantages of long-term investment in a cryptocurrency project.

Secondly, the holder might have simply lost their keys. Conor also believes that the most likely outcome is that the user lost the keys. This has happened before too. James Howells accidentally tossed away the Bitcoin on a hard drive while cleaning the house. Now that the Bitcoin is thought to be worth 150 million ($184 million), he plans to spend millions of dollars excavating a Newport landfill in an effort to discover the missing hard drive.

Finally, it couldve so happened that the user might have died. Once the owner dies, instead of being treated as cash in a bank account, they are considered assets. However, because these assets exist only in virtual form and are encrypted, they can be nearly impossible for surviving heirs to find.

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Top Reasons Why This Ancient Ethereum Whale Holding $440 Million Has Never Liquidated - Coinpedia Fintech News

Who is the Mysterious Koyo Token Burning Billions of Shiba Inu? – The Crypto Basic

Who is the mysterious Koyo Token that is taking web3 by storm?

Koyo Token launched exclusively on ShibaSwap on March 9, 2023. The Telegram channel (https://t.me/KoyoToken)channel had but a few members with a single anonymous admin at the time of launch. Within minutes to hours of the launch, the telegram filled up into the hundreds including over 50+ Shiba OGs, both from the past and the current.

A flame was lit within the community, and the KoyArmy was formed virtually overnight. But you might be asking what brought everyone into Koyo? A call, in fact; for those trusted frens and frens of frens into a trusted place for frens, which has laid the solid foundation, and now KoyArmy is becoming one of the fastest growing communities in defi.

In an epic effort, the KOY contract has single-handedly burned 4.6 billion SHIB in the span of 8 days, with the most significant of burns in one transaction just short of 1 billion SHIB. In pure genius, the KOY contract has automated 2% from the 5% buy and sell tax for ongoing SHIB burns through the burn portal contract dapp; the very same burn address that Vitalik Buterin originally sent 410 trillion Shib too.

These transactions caused quite a stir within the ShibArmy and the greater defi space. A project, not more than 11 days old, gaining the attention of the Shiba Inu lead developer himself, Shytoshi Kusama, who has liked several tweets about Koyo and follows both Kintaro (Koyos founder) and the main KoyoToken Twitter account. It has also been noted that many among the Shiba team and ShibArmy have been showing proactive support on Twitter and within the Koyo telegram for the KoyArmy.

In a surprise twist to the KoyArmy, the Koyo channel recently announced that the KOY smart contract was launched with an automated 40M KOY token weekly burn function to a max cap of 40% of the total KOY supply. There was much excitement from the KoyArmy when the first 40M KOY token was burned from the total supply, and with 9 weeks of remaining weekly $40M KOY burned from the total supply, it is going to be an exciting few months for the KoyArmy.

During the week, the Koyo channel announced that a further 2% from the Buy & Sell Tax would be allocated to liquidity and an additional 0.5% of buys and sells towards the KOY burn as well, while Kintaro approved a buy of 777,777 KOY tokens paired with Ethereum from the marketing wallet and allocated to liquidity pool on ShibaSwap due the efforts of the community adding to the proactively to liquidity pool.

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Koyo also recently announced the entire team had been KYCd and smart contract audited by solidproof.io and has locked their liquidity on dx.sale.

It has been interesting to note the high-profile list of members to join the KoyArmy telegram, from David Gokhshtein, Zach Humphries, YourPOP, Majestic Drama, Dom CEO of vEmpire, Lucie Shiba Ambassador, DogeCoinRide, Giba from Kingdom x100, and to the likes of Travladd Crypto co-founder of KingFinance who has become known as one of the loyal KoyArmy Resident OG Community Leaders.

The Koyo team continues to shock and surprise their community with mysterious announcements and continuous interference to an upcoming Revelationmysterious, right?

Kintaro, although limited in chats, has been extremely powerful in his words and GIFs, which has the entire community in awe, while leaders called protectors have been continuously released into the community, preparing to build the KoyArmy for the upcoming revelation, which has many in anticipation.

Kintaro, the leader of the KoyArmy and Koyo Token, recently announced via Twitter.

While in a previous tweet hinted at what the ShibArmy should expect on SHIB burns.

Kintaro plans to build the biggest of platforms servicing the largest armies, generating billions in volume and providing millions in rewards.

Connecting the dots, its become obvious that Koyo is building one of the most substantial utility platforms exclusively on Shibarium.

What has been quite fascinating, Koyo has not attempted to emulate Ryoshi or Shiba as seen in many past inu projects but has announced itself as a trusted and loyal alliance to the ShibArmy and its ecosystem. Many are awaiting the revelation to unpack the mystery behind Koyo.

With Shytoshi battling away from within to ensure the bigger vision comes to fruition, we are starting to realize this very vision, with significant projects such as Koyo that envision bringing billions of dollars in volume by exclusively building their utility platform onto shibarium.

Shytoshi Kusamas grand vision is slowly becoming a reality, and the community sentiments are starting to rise; the confidence in the ShibArmy has taken social media by storm, and the belief is back to its former peaks.

Is this the start of Shytoshis unifying vision coming to fruition? Bringing community-driven projects onto shibarium alongside leading web2 brands in building possibly the biggest decentralized marketplace web3 has ever seen.

Koyo token is listed on Coinmarketcap and Coingecko and recently hit an ATH $23M Market cap with over 600+ holders, all this with limited information available; it wont surprise many if KOY becomes the next big FOMO attraction for the web3 community, make sure to always DYOR.

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Who is the Mysterious Koyo Token Burning Billions of Shiba Inu? - The Crypto Basic

Vitalik Buterin Explains How He Will Choose ‘Guardians’ for Recovery Wallets – U.Today

Arman Shirinyan

Vitalik Buterin believes 'guardians' will become backbone of crypto safety

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Multisig wallets, like Gnosis Safe, are a secure way to store funds without relying on a centralized entity. They offer the benefits of self-custody, meaning that your funds are not at risk if a seemingly trustworthy entity fails. Social recovery wallets are similar, allowing funds to be recovered using keys held by others if the main key is lost. Both types of wallets rely on "guardians," which are individuals or entities holding keys that can approve transactions or recover funds.

Vitalik Buterin, the co-founder of Ethereum, recently shared his thoughts on using multisig and social recovery wallets. He personally uses a multisig wallet to store most of his funds, as does the Ethereum Foundation. He believes that social recovery wallets, once mature, will be ideal for "hot wallets," which store small portions of funds for daily use, while multisig wallets will be best for "cold wallets," which hold long-term savings.

Guardians play a crucial role in both wallet types. To ensure security, guardians should be chosen based on their ability to keep their keys safe and on their trustworthiness. Ideally, guardians should not know each other in order to minimize the risk of collusion. Also, they should be geographically dispersed and use different wallet types and operating systems to minimize common risks.

When requesting a guardian's approval for a transaction or key reset, they should ask a security question to verify your identity. This prevents hackers from posing as you to access your funds. If you require a quick responses from guardians, it is important to choose those who can act quickly and are in different time zones.

Regularly testing guardians ensures they have not lost or forgotten their accounts. Conducting two test operations per year with half of the guardians each time is recommended.

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Vitalik Buterin Explains How He Will Choose 'Guardians' for Recovery Wallets - U.Today

Ethereum’s Vitalik Buterin Recommends These Wallets for "Self … – Watcher Guru

Right after FTX collapsed, people from the space started advocating decentralization. In fact, stalwarts, time and again, kept emphasizing the importance of self-custody and managing ones own wallet keys.

The U.S. is now in the midst of a banking crisis, and the community has yet again circled back to the same. They have started re-asserting that self-custody is the way and decentralization could help build a better system. According to on-chain data tweeted by Research and Data Analyst, James Straten, around 70k Bitcoin has been taken into self-custody since the collapse of Silicon Valley Bank, justifying the communitys inclination.

In fact, in a recent tweet, Ethereum founder Vitalik Buterin also went on to talk about the said notion. He said,

Self-custody is important.

He went on to add that the social recovery and multisig paths were a great way to do so. Elaborating on the same in a Reddit post, Buterin said that he uses a multi-sig wallet personally to store the bulk of his funds. In fact, even the Ethereum Foundation treads on the same path.

Self-custody is important. And social recovery and multisig is a great way to do it.

A quick reddit post on how I think about choosing guardians for social recovery and multisig wallets:https://t.co/FY1iyJ6BFC

Buterin dubbed social recovery wallets to be a close cousin of multi-sig wallets. For these wallets, a single key can be used to sign transactions. However, if that key is lost, a group of keys held by other people can be used to recover the funds. In fact, the Ethereum founder went on to assert that social recovery wallets are much easier to use than multi-sig wallets. Putting forth his recommendation, he added,

Once social recovery wallets become mature enough, my recommendation will be to use social recovery for hot wallets that store a small portion of a person or organizations funds, and multisigs for cold wallets that store a person or organizationss savings.

Guardians are quite an integral part of the self-custody equation. In the post, Buterin chalked out the choices he personally makes with regard to guardians. First and foremost, he pointed out that it is alright for some of the guardians to be ones own devices. However, he emphasized that there shouldnt be too many and said,

It makes natural sense to have at least one guardian be a wallet on one of your own devices it doesnt reduce decentralization to do that, and after all, itisyour money.

Furthermore, he added that according to his rule of thumb, there should be enough guardians controlled by other people. So, even if one disappears, thered be enough other guardians left to recover funds.

He then highlighted the need to choose guardians who do not often talk to each other. In fact, guardians who do not know each other would be ideal because itd reduce the risk of them colluding. Elaborating on the same, he added,

Minimize correlations between your guardians as much as possible: dont choose two guardians who live in the same city (or ideally even the same country), or two guardians who use the same type of wallet, and have a balance between different operating systems.

Additionally, Buterin asserted that when a guardian is asked to approve an operation, they should not simply say yes immediately. According to the Ethereum founder, this would be a disaster for security. Highlighting a way to get around, he added,

My preferred protocol to avoid this is to instruct guardians toask a security question. That is, when you ask for a confirmation on your operation, the guardian should ask you something that only the two of you and very few other people know.

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Ethereum's Vitalik Buterin Recommends These Wallets for "Self ... - Watcher Guru

5 Things That May Surprise You About Ethereum Creator Vitalik … – Investing.com UK

Benzinga - One of the most well-known figures in the world of cryptocurrency is Vitalik Buterin. Known as the founder and creator of Ethereum (CRYPTO: ETH), Buterin also has experience with Bitcoin (CRYPTO: BTC).

Early Days: Buterin was born in Russia in 1994. His family immigrated to Canada when he was six years old.

Buterin excelled in school and was placed in an accelerated program for gifted students while in the third grade. Buterin naturally excelled in math and programming. Its reported that Buterin could add three-digit numbers in his head twice as fast as kids his age at the time.

Worked At Bitcoin Magazines: In 2011, Buterin took a side job working for Bitcoin Weekly. As a writer, Buterin was paid 5 Bitcoin for each article written. At the time, that made each article payment less than $5 for Buterin.

Bitcoin Magazine was founded by Buterin later in 2011 where he was the lead writer.

Creation of Ethereum: Buterin launched a white paper for Ethereum in late 2013. The goal of Ethereum was to add scripting to make it easier for application development. Buterin wanted to make it possible to set up binding contracts.

Ethereum was officially launched on July 30, 2015. Buterin currently holds 333,500 ETH in his primary wallet.

Related Link: Ethereum Co-Founder Calls SEC's Gary Gensler 'Shining Knight' Of Decentralization Despite 'Securities' Stance

Donated To Charity: As the founder of a popular cryptocurrency, Buterin has built a large following of people from the community.

As a result, Buterin is often the subject of donations from new cryptocurrencies that hope Buterin will support them or others will see the coins in his public wallet.

Buterin was donated 50 trillion Shiba Inu (CRYPTO: SHIB), worth around $1.2 billion at the time. Buterin donated the Shiba Inu to the India Covid Relief Fund, along with $2 million worth of Ethereum. The announcement that Buterin was donating the Shiba Inu instead of keeping it led to a crash in the price of the cryptocurrency.

Fake Death Rumor: In 2017, it was reported that Buterin died in a car crash. The rumor came from 4Chan, a popular board to share stories and often the subject of internet trolls.

Ethereum lost around $4 billion in value on the internet rumor. Ethereums price recovered, but the impact on the price from news of his death offered up a look at how important Buterin could be to Ethereums success.

The drop in Ethereums price also led to a comparison of Bitcoins founder being anonymous and Ethereum having a public founder.

Now Read: ETH Goes Up in Flames: Vitalik's Bonfire Burns 3 Million Tokens Since London Fork

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Original publication: Sept. 5, 2021.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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5 Things That May Surprise You About Ethereum Creator Vitalik ... - Investing.com UK

After scalability, privacy is the next big thing in the blockchain space – Cointelegraph

Public blockchains provide decentralization and transparency, but they lack on the privacy side. The anonymity of transactions on blockchains like Bitcoin (BTC) and Ethereum (ETH) is steadily losing ground, as transactions and addresses are easily tracked. With KYC imposed on most crypto exchanges, the majority of blockchain transactions can be traced to their initiators, exposing user activity, holdings, and financial data.

Even decentralized finance (DeFi) interactions can be easily monitored by advanced on-chain analysis systems. This is why privacy is just as important as speed and scalability for crypto to reach mainstream acceptance. Average consumers expect at least bank account level privacy to freely transact and RAILGUN is a ZK (Zero-Knowledge) based solution for existing blockchains that provides such wallet-level privacy.

The utility of digital assets comes with major downsides amid a lack of privacy. What happens when a crypto user pays for a coffee in crypto? They risk revealing their holdings, income and shopping preferences to merchants, peers and anyone who wants to extract value from their data. And taking it a step further, how many people would be comfortable receiving their salaries in crypto if it meant broadcasting all their financial information to the world? The necessity for increased privacy in the crypto space is essential to mainstream adoption.

Privacy is an important goal for public blockchains, especially Ethereum, which accounts for about two-thirds of all DeFi activity. The need for privacy on Ethereum has increased after the adoption of the widespread adoption of layer-2 solutions like Arbitrum.

In January 2023, Ethereum co-founder Vitalik Buterin admitted the need for improved privacy on the blockchain. He proposed a stealth address system to increase the privacy degree of Ethereum transactions. Stealth addresses would be generated by wallets and would represent obfuscated public key addresses to receive funds in a private environment. Access to stealth addresses would require a special code referred to as a spending key. This would enable two parties to transact without being visible to the public. However, stealth addresses are an incomplete solution as they dont account for full DeFi functionality.

Its still too early to know when Ethereum will implement privacy features and to what extent, but the good news is that there are solutions that can already achieve a high degree of privacy. RAILGUN is a smart contract system that provides crypto and DeFi users with privacy through zero-knowledge proof (zk-SNARK) technology.

RAILGUN is currently among the leading complete privacy solutions for the DeFi space, as it generates zk-SNARK encryption entirely within a smart contract. That enables users to store their funds anonymously and interact with decentralized applications (DApps) in an anonymous, noncustodial manner.

Source: Railgun

RAILGUN, which is governed by a decentralized autonomous organization (DAO), employs zk-SNARKs to encrypt transaction details, wallet balances and transaction history. Unlike other third-party, Layer-2 privacy solutions, RAILGUN works directly on-chain, enabling users to transfer, swap, lend, borrow and transact with all kinds of DApps anonymously.

On top of that, the RAILGUN smart contracts can be plugged into any Ethereum Virtual Machine DApp for shielded transactions using the RAILGUN Connect dev toolkit.

Recently, RAILGUN was deployed to Arbitrum a layer-2 rollup technology for Ethereum, bringing privacy combined with speed and high throughput to the second-largest decentralized network. RAILGUNs co-founder Alan Scott stated:

The Arbitrum deployment of RAILGUN is a massive accomplishment for privacy in DeFi. Arbitrums scaling and RAILGUNs zk-SNARK-based privacy together are an exciting match. Im looking forward to seeing how DeFi builders will use RAILGUNs infrastructure to create interesting and new privacy-preserving DeFi solutions on Arbitrum.

Besides working on Ethereum and Arbitrum, RAILGUN enables on-chain privacy for BSC and Polygon. Whats more, contributors are working on adding support for Solana, Near and Metis as well.

Developers and users are starting to pay more attention to privacy as blockchain adoption expands across multiple use cases. Therefore, if developers can crack the puzzle, privacy is poised to become one of the most important trends in blockchain in the coming years.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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After scalability, privacy is the next big thing in the blockchain space - Cointelegraph

Ripple (XRP) Price Prediction 2025-2030: Whats in store for XRP? – AMBCrypto News

Ripples native token XRP, at press time, was the sixth-largest cryptocurrency in the world. It was created in 2012 to enhance global financial transfers and the exchange of various currencies. XRP operates on the decentralized, open-source XRP ledger, and transactions are facilitated by the Ripple transaction protocol. With a pre-mined token supply of 100 billion, XRP is unique compared to other cryptocurrencies.

In 2017 and early 2018, XRP reached an all-time high of $3.40, marking a 51,709% increase from its original price at the beginning of that year. Although it has since declined, XRP remains a significant player in the cryptocurrency market and is consistently ranked among the top ten coins in terms of market capitalization. The team behind XRP and Ripple continues to work on the development of the XRP ledger and its potential use cases in the global financial system. Overall, XRP remains a significant and influential cryptocurrency in the world of finance and technology.

Read Price Prediction for XRP for 2023-24

The XRP ledger uses distributed ledger technology, which is different from the more commonly used blockchain technology. This technology allows bank and non-bank actors to incorporate the Ripple protocol into their own systems, as the protocol is completely open and accessible to anyone without prior approval from Ripple Labs.

In 2017 and early 2018, XRP reached an all-time high of $3.40, marking a 51,709% increase from its original price at the beginning of that year. Although it has since declined, XRP remains a significant player in the cryptocurrency market and is consistently ranked among the top ten coins in terms of market capitalization. The team behind XRP and Ripple continue to work on the development of the XRP ledger and its potential use cases in the global financial system. Overall, XRP remains a significant and influential cryptocurrency in the world of finance and technology.

In 2020, the US Securities and Exchange Commission (SEC) sued Ripple, alleging that the company sold $1.3 billion in unregistered securities through its XRP cryptocurrency. Ripple denies the allegations, claiming that XRP is not a security and does not meet the criteria for the Howey Test.

A report by CoinShares indicated that investors are confident of Ripples victory in the landmark case against the SEC. This is based on the fact that XRP investment products have seen consistent inflows for three consecutive weeks.

On the business front, Ripple revealed key developments pertaining to its European expansion. The company shared its progress with Paris- based Lemonway and Xbaht in Sweden. Businesses in France and Sweden will now be able to leverage Ripples On-Demand Liquidity (ODL).

On 15 November, Ripple announced that it partnered with MFS Africa, a leading fintech firm with the largest mobile money footprint in the continent. This joint venture seeks to streamline mobile payments for users in 35 countries.

In other news, Ripple CTO David Schwartz took to Twitter to offer former employees of the troubled crypto exchange FTX, a place at Ripple. However, this offer only stands for employees who were not involved with compliance, finance, or business ethics.

Ripples tie-up with Tokyo Mitsubishi Bank in 2017 was a major milestone. Following the same, it became the second-largest crypto by market capitalization for a brief period. A year later, Ripple was in the news again for its partnership with international banking conglomerate Santander Group for an app focusing on cross-border transactions.

In terms of rivals, Ripple has close to none at the moment. They are the leading crypto firm catering to financial institutions around the world. As the number of partnerships grows, XRP will reap the benefits. After all, it is the medium of exchange for all cross-border transactions enabled by RippleNet.

Ripple has been capitalizing on the need for quick transactions and another untapped potential in emerging economies, given that nations in Latin America and Asia-Pacific regions are more likely to realize the value of blockchain and its tokens compared to their first-world counterparts. With the rise of central bank digital currencies (CBDC), it is likely that developing countries looking to explore this option will go for Ripple since it already offers a well-established cross-border framework. Increased adoption of CBDCs will also lead to banking institutions considering integrating crypto into their services. This will work out very well for Ripple since RippleNet is already associated with a number of banks.

Blockchain solutions being offered to Ripples Central Bank partners wanting to venture into CBDCs include the option to leverage the XRP ledger using a private sidechain.

Ripple is predicted to develop rapidly over the forecast period, as it can be used for a variety of functions like accounting, investment, smart contract implementation, and decentralized programming.

XRP has an edge over its rivals due to its low cost of entry. The fact that a few dollars will buy tens of XRP seems appealing to new investors, especially those who prefer little investment.

According to a Valuates report, the cryptocurrency markets size is expected to hit $4.94 billion by 2030, growing at a CAGR of 12.8%. A number of crypto-firms will benefit from this, Ripple among them.

The growth in the cryptocurrency market is spurred by an increase in the demand for operational efficiency and transparency in financial payment systems, as well as an increase in demand for remittances in developing nations.

The general idea is that RippleNets adoption by financial institutions will increase, leading to more recognition of the platform as well as its native token. This has also been factored in while calculating predictions for 2025 and beyond.

At press time, XRP was trading at $0.37740 with buy pressure exceeding the selling pressure.

XRPs press time price was a far cry from its all-time high of $3.84 in January 2018. As a matter of fact, its price was closer to its launch price than its all-time high.

Although XRP gained somewhat over the last 3 months, its recent returns have investors worried.

On 22 December 2020, the U.S Securities and Exchange Commission (SEC)filed a lawsuit against Ripple Labs. The lawsuit alleged that Ripple had raised $1.3 billion through the sale of unregistered securities (XRP). In addition to this, the SEC also brought charges against Ripples top executives, Christian Larsen (Co-founder) and Brad Garlinghouse (CEO), citing that they had made personal gains totaling $600 million in the process.

The SEC argued that XRP should be considered security rather than a cryptocurrency and as such, should be under their purview.

A verdict in favor of the SEC will set a rather unpleasant legal precedent for the broader crypto market. This is why this case is being closely observed by stakeholders in the industry.

It is evident that developments in the lawsuit have a direct impact on XRPs price. Following the news of the lawsuit in 2020, XRP tanked by almost 25%. In April 2021, the judge handed Ripple a small victory by granting them access to SECs internal documents, which caused XRP to rise over the $1-mark A threshold that the crypto hadnt crossed in 3 years.

According to a tweet by Defense Attorney James Filan on 15 August 2022, the U.S District Court for the Southern District of New York dealt yet another blow to the SEC when Judge Sarah Netburn granted Ripples motion to serve subpoenas to obtain a set of video recordings for the purpose of authentication, dismissing the regulators claim that Ripple was trying to reopen discovery. This was in response to Ripples motion filed on 3 August 2022.

In the Opinion & Order published earlier in July, Judge Sarah Netburn condemned the SEC for its hypocrisy and actions which suggested that the regulator was adopting its litigation positions to further its desired goal, and not out of a faithful allegiance to the law.

The lawsuits verdict, whatever it is, will have a lasting impact on XRPs value. It is important to note that a verdict in favor of the SEC would make XRP security only in the U.S because the regulator does not have jurisdiction across the countrys borders. This should offset some of the damage to Ripple, given that it has a substantial amount of business globally

Carol Alexander, Professor of Finance at the University of Sussex, believes that XRP is unlike any other crypto. She believes that if Ripple manages to beat the SEC lawsuit, it could start taking on the SWIFT banking system. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions.

In an interview with CNBC, Ripple CEO Brad Garlinghouse talked about the possibility of an IPO after the case with the SEC is resolved. Ripple going public will have a significant impact on XRPs price action in the following years.

In an interview with Axios at Collision 2022, Garlinghouse further stated that the current price of XRP has already factored in Ripple losing the case. If Ripple loses the case, does anything change? Its basically just status quo, he added.

As for his personal opinion on the verdict, Garlinghouse is betting that it will be in favor of Ripple. Im betting that because I think the facts are on our side. Im betting that because the law is on our side, he remarked.

Curiously, support for Ripple and XRP hasnt been universal really, with Ethereums Vitalik Buterin recently commenting,

XRP already lost their right to protection when they tried to throw us under the bus as China-controlled imo

Ripple and the SECs lawsuit is not just restricted to the courtroom. The matter is often covered by the media with both parties having been featured in multiple op-eds, often criticizing each other. Just this month, the market watchdog and the crypto firm were the subject of a heated exchange through pieces published by the Wall Street Journal.

On August 10, SEC Chairman Gary Gensler reiterated his stance on the definition of crypto assets and their oversight in his op-ed piece featured in The Wall Street Journal. Make no mistake: If a lending platform is offering securities, it . . . falls into SEC jurisdiction.

Chairman Gensler went on to cite the $100 million settlement that the regulator had reached with BlockFi, stating that the crypto markets must comply with time-tested securities laws. As per the terms of the settlement, BlockFi has to rearrange its business to comply with the U.S Investment Company Act of 1940 in addition to registering under the Securities Act of 1933 to sell its products.

In response to Chairman Genslers op-ed, Stu Alderoty published his own piece in The Wall Street Journal and did not mince his words while taking a shot at the regulator. Alderoty accused Gensler of side-lining fellow regulators (CFTC, FDIC etc.) and overreaching its jurisdiction, as opposed to the executive order by U.S President Joe Biden, which directed agencies to coordinate on regulations for crypto.

What we need is regulatory clarity for crypto, not the SEC swinging its billy club to protect its turf at the expense of the more than 40 million Americans in the crypto economy, Alderoty added.

A controversial article authored by Roslyn Layton in Forbes on 28 August pointed out that since 2017, the SECs Crypto Assets Unit has been involved in 200-odd lawsuits. According to Layton, this figure suggests that instead of coming up with clear regulations to ensure compliance, the regulator would rather engage crypto firms with lawsuits in an attempt to regulate by enforcement.

Ripple CTO David Schwartz found himself in a stand-off with Ethereum Co-Founder Vitalik Buterin earlier this month, after Buterin took a dig at XRP on twitter. Schwartz hit back and responded to Buterins tweet, comparing miners in the PoW ecosystems like Ethereum to stockholders of companies like eBay.

I do think its perfectly fair to analogise miners in PoW systems to stockholders in companies. Just as eBays stockholders earn from the residual friction between buyers and sellers that eBay does not remove, so do miners in ETH and BTC, Schwartz added.

Now, putting an accurate figure on the future price of XRP is not an easy job. However, as long as there are cryptocurrencies, there will be crypto pundits offering their two cents on market movements.

Changelly has gathered an average prediction of $0.47 for XRP by the end of 2022. As for 2025, Changelly has provided a range between $1.47 to $1.76 at max for XRP.

Finders conclusion from a panel of thirty-six industry experts, is that XRP should be at $3.61 by 2025. It should be noted that not all of those experts agree on that forecast. Some of them believe that the crypto wont even cross the $1 threshold by 2025. Keegan Francis, the global cryptocurrency editor for Finder, does not agree with the panel of experts. He predicts that XRP will be worth $0.50 by the end of 2025 and, surprisingly, a mere $0.10 in 2030.

According to data published on Nasdaq, the average projection for 2025 is around $3.66.

Are your XRP holdings flashing green? Check the profit calculator

Finders experts had a rather conservative figure for XRP in 2030. They believe that the crypto could hit $4.98 by 2030. In a statement to Finder, Matthew Harry, the Head of Funds at DigitalX Asset Management, revealed that he doesnt see any utility in XRP other than the speculation element.

According to data published on Nasdaqs website, the average projection for 2030 is around $18.39.

Year-to-date (YTD) figures from Ripples Quarter 2 earnings report have made it clear that despite the drop in XRPs price, demand for their On-Demand Liquidity service not only remained undeterred but actually grew by nine times year-over-year (YoY) with ODL sales totalling $2.1 billion in Q2. The report further stated that Ripple has pledged $100 million for carbon removal activities, in line with their carbon neutral objective and sustainability goals.

Ripples Crypto Trends report claims that NFTs and CBDCs are still in their nascent stages and as their potential is gradually realized, its impact on Ripples network and on the broader blockchain space will be visible.

It should be noted that while various experts have predicted XRPs price to increase in the following years, there are some who believe that XRP will lose all value by the end of the decade.

The major factors that will influence XRPs price in the coming years are:

Predictions are not immune to changing circumstances, and they will always be updated on new developments.

With the Fear and Greed index leaning towards greed at press time, it implies that more investors were experiencing confidence regarding Ripple.

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Ripple (XRP) Price Prediction 2025-2030: Whats in store for XRP? - AMBCrypto News

Ethereum Creator Vitalik Buterin Abruptly Sends 500 ETH to Little-Known DeFi Protocol – The Daily Hodl

Ethereum (ETH) founder Vitalik Buterin is catching the attention of crypto sleuths after moving 500 ETH to an under-the-radar decentralized finance (DeFi) project.

Blockchain security firm PeckShield first spotted the transaction and revealed that a wallet controlled by Buterin transferred the ETH stack to DeFi protocol Reflexer.

Reflexer is a platform designed to enable users to mint stablecoins by using their crypto as collateral.

The protocol issues RAI, a crypto asset backed by Ethereum that aims to maintain a stable value in order to protect holders from the volatility of the markets.

According to PeckShield, Buterin used the 500 ETH to accumulate stablecoins.

The blockchain security firm shows that the Ethereum founder used the ETH trove as collateral on Reflexer to mint 150,000 RAI tokens. Buterin subsquently exchanged 132,500 RAI for 378,500 USD Coin (USDC). The remaining 17,500 RAI was swapped for 50,000 Dai (DAI).

PeckShield says that the conversion of ETH to stablecoins USDC and DAI all took place within three hours.

Blockchain-tracking service Etherscan also witnessed the transactions. According to Etherscan, Buterin initially transferred 200 ETH to Reflexer to mint 100,0000 RAI. Immediately after, Buterin sent 300 ETH to Reflexer to mint 50,000 RAI.

Etherscan reveals that Buterin paid more than $200 to process both transactions.

At time of writing, Ethereum is trading for $1,596, up over 10% in the last 24 hours.

Featured Image: Shutterstock/The Creative Factory

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Ethereum Creator Vitalik Buterin Abruptly Sends 500 ETH to Little-Known DeFi Protocol - The Daily Hodl

Ethereum Creator Vitalik Buterin Has High Hopes for Ethereum’s … – CoinJournal

The Ethereum price prediction is getting increasingly bullish after Vitalik Buterins recent comments about the network. However, it remains to be seen whether Ethereum can outperform the AltSignals ($ASI) crypto presale, as the new token is an exciting initiative that will serve a large existing Web3 project.

Vitalik Buterins crypto market predictions forecast bullish Ethereum price action over the coming years. In a recent podcast appearance, Buterin highlighted the launch of Ethereum during the 2015 bear market, the launch of Uniswap in 2018, and the completion of The Merge in 2022, as key technological advancements that have and will move the industry towards mass adoption.

The crypto market predictions from Vitalik Buterin have produced the largest ecosystem of decentralized applications (dApps) since Ethereum was launched in 2015. The Ethereum price prediction grows increasingly bullish with every market cycle, as crypto market predictions forecast that the Ethereum ecosystem will remain the largest ecosystem in Web3.

Ethereum (ETH) was the first Turing complete blockchain. This means that it could support smart contracts and the development of dApps, which has led to over 2000 independent blockchain projects being built on the Ethereum network.

Ethereum originally used a proof-of-work consensus mechanism. This caused congestion on the network as it grew, leading to slow transaction speeds and expensive gas fees. In 2022, Ethereum successfully transitioned to a proof-of-stake consensus protocol, which reduced the blockchains energy costs by 99%.

The Ethereum price prediction is bullish, in line with the rest of the crypto market predictions. After rising 60% from its recent lows, the Ethereum price prediction now targets higher levels before the end of 2023.

ETH has a key resistance level at the $2400 price level. The Ethereum price prediction forecasts that ETH will struggle to break through this resistance before the end of 2023, as it may retrace before reaching $2500.

The wider crypto market predictions remain bullish on the long-term future of Ethereum. Crypto market predictions for the Ethereum network,which take layer-2 scaling solutions and thousands of independent dApps into consideration, will place the Ethereum price prediction at over $10,000 over time.

AltSignals is an industry-leading trading group, where accurate crypto market predictions have been shared among members since 2017. The project helps anyone to become an expert trader by sharing lucrative trading opportunities on a daily basis.

AltSignals helps both beginners and professionals alike. New traders can minimize the learning curve as they embark on their crypto trading journey, while professionals can maximize their returns.

AltSignals has already helped its some members to 10x their portfolio in 19 out of 32 months on record with itsAltAlgotool. Now, the project is offering an expanded suite of blockchain services and is launching the ASI token to make it happen.

Holders of ASI tokens will have access to AltSignals new ActualizeAI tool, which will combine advanced artificial intelligence technologies to deliver unparalleled trading signals. Machine learning, natural language programming (NLP), and predictive modelling will be used to analyze complex market data sets. The tools will take a range of indicators, including market sentiment analysis, and determine the best entry levels for profitable crypto trades.

The ASI token can also be used to gain early access to presales and private sales in the crypto markets. After AltSignals highly successful long-term record sharing crypto market predictions, this feature could produce significant returns for all participants.

$ASI can also be used to gain entry to AI Members Club. AI Members Club is where the latest AI-powered trading tools will be shared between members. By holding the ASI token, users can gain access to these tools before they are launched to the public and gain an edge for crypto market predictions.

The ASI token is unique, in that it is launching to a large existing community and represents a highly successful blockchain project. Because AltSignals is launching a revolutionary new AI trading tool, the AltSignals crypto presale potentially is a highly lucrative investment opportunity.

Early participants in the $ASI crypto presale can expect major long-term returns. This is because presales are the earliest stage of investment meaning that $ASI has yet to launch on exchanges. With deflationary tokenomics, $ASI looks destined to rise as more people become aware of the platform and as community members share their success with ActualizeAI trading signals.

By the end of 2023, $ASI has a $1 price target a 45x price rise from the end of the presale. $ASI is expected to outperform the Ethereum price prediction, as it will enter price discovery once it is made available on digital asset exchanges.

The $ASI crypto presale is expected to produce major returns from the current price level. The AltSignals project combines world-leading technologies, both blockchain and artificial intelligence, to help its community make money online.

Since the project is in its earliest stage of investment, this gives it tremendous potential for returns. $ASI is expected to outperform ETH as a result, but both tokens are great additions to an investment portfolio. Make sure to check out the $ASI crypto presale before the price rises too much, as the value of $ASI is rising from $0.012 to $0.02274 over the course of the event.

You can participate in the $ASI crypto presalehere.

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Ethereum Creator Vitalik Buterin Has High Hopes for Ethereum's ... - CoinJournal