A lot of people are already familiar with the saying ‘not your keys, not your coins’. And it’s true. While hardware wallets have gained recognition as one of the safest methods to store crypto, there are still some vulnerabilities that people should be aware of… The significance of hardware wallets Hardware wallets (a.k.a. cold wallets)…
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With the trial of SBF starting this week, I thought it would be important to remember which members of congress were lobbied by SBF. It is estimated he has given out more than $42 million "donations." These are donations/gifts paid for with stolen funds. 196 members of Congress received money from Sam Bankman-Fried/FTX Here…
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The XRP price has already been under pressure for the past month, as the future outlook of Ripple is still set to be determined in the near future. Although XRP has moved up with the rest of the crypto market over the past few days of green, there is still uncertainty about the next bull run. However, this little price movement could be brief, as the number of XRP tokens in circulation just increased by 1 billion XRP, around 1.87% of the circulating supply of 53.312 billion tokens. Related Reading: CRV Price Surges 16% – What’s The Next Move For Curve DAO Token? Potential Impact On XRP Price And Supply On-chain data from Whale_Alerts has shown bouts of XRP totaling 1 billion have been unlocked from escrow in three transactions from two separate wallets. First, 400 million XRP tokens worth over $205.9 million were unlocked. 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 400,000,000 #XRP (205,914,675 USD) unlocked from escrow at #Ripplehttps://t.co/V54DFtoI16 — Whale Alert (@whale_alert) October 1, 2023 In the second transaction, 100 million XRP tokens worth $51.4 million were unlocked. 🔓 🔓 🔓 100,000,000 #XRP (51,478,668 USD) unlocked from escrow at #Ripplehttps://t.co/P8BgPU21Hr — Whale Alert (@whale_alert) October 1, 2023 And in the last transaction, Ripple unlocked 500 million XRP tokens worth $257.3 million. With the current market price of XRP at $0.5177, this puts the value of the unlocked tokens over $514.6 million. 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (257,393,344 USD) unlocked from escrow at #Ripplehttps://t.co/1lSZdeqcMS — Whale Alert (@whale_alert) October 1, 2023 Ripple’s latest unlock is part of the periodic release in its plan to release 55 billion XRP tokens over 55 months. Since 2017, the payment company has been known to release 1 billion XRP tokens each month through a smart contract. While Ripple claims this helps increase liquidity and utility, it also means a major influx of new coins entering circulation. With more XRP available, the price often drops as supply outweighs demand. Each new release adds downward pressure, and the price frequently falls in the days leading up to and following the escrow unlocking. SOL market cap currently at $9.5 billion on the weekend chart: TradingView.com The monthly escrow has led to significant price slumps in the past months, especially during periods of lower interest in XRP. In particular, XRP witnessed a major selloff in June as whales dumped around 120 million XRP after Ripple unlocked its escrow. Ripple has been known to periodically relock a portion of released tokens into the escrow system to reduce selling pressure, which helps extend the runway for the remaining tokens to be unlocked. For instance, Ripple immediately relocked 800 million (80%) of September’s token unlock. The total amount to be locked back in escrow this month is yet to be determined. Related Reading: Maker (MKR) Inks 20% Price Advance, Leads Top 50 Coins Today Ripple: The Future Outlook For XRP XRP is currently up by 1.83% in a seven-day timeframe but the price outlook looks remains highly uncertain in the short term. Various predictions have come in for the token’s future, with one prediction even going as high as $10,000. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock
You've heard about Bitcoin, right? Those virtual coins need to come from somewhere, and that somewhere often involves some seriously mind blowing hash power. — Jokes aside, there are some interesting maps and graphs we can draw based on the generated hash power data around the world. In this post I'll be using data from…
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Newbies/Day Traders aka Nervous Wrecks: These are those who check every spare moment they have.. Journeymen aka Crab Checkers: After experienced too much crab markets, these have more control, and check maybe once a day, or a few times a week. DGAF Masters: These are the masters of chill, basically those to don't bother checking…
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Account Inaccessible to protect it from unusual activity I was locked out. June 5, 2021: Chase Bank, without notice or cause, froze my accounts. Chase threatened to seize my funds, and forward them to the state Controller's Office. Notification Arrived 2 min after failed log-in Why are they closing my account? This tells me nothing.…
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Within these transactions, a significant portion of 7,749 ETH, equivalent to $13 million, was directed toward the Thorchain router and Railgun contract.
In the ever-changing world of cryptocurrency, seizing the right moments is crucial. Many crypto enthusiasts have overlooked significant chances, but it's time to change that narrative. My team and I have been actively engaged in various crypto projects, including Optimism, Aptos, and the recent Sei, leading to substantial profits. The key to success? Staying informed…
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In the ever-evolving world of cryptocurrency, recognizing the right moments is essential. Many crypto enthusiasts have overlooked significant chances, but it's time to change that narrative. My team and I have been actively engaged in various crypto projects, including Optimism, Aptos, and the recent Sei, leading to substantial profits. The key to success? Staying informed…
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