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Showing posts from December, 2023

Multisig for Bitcoin ordinals wallet

I am trying to make and receive transactions on unisat wallet, But it doesn't support multisig. How do I implement multisig for a wallet that supports ordinals. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/563ZuYv via IFTTT

What does a utxo output or vout of 0 mean?

If I sent myself bitcoin to a new address on a different hardware wallet and it was all of my funds with no change, is it normal for the utxo output or "vout" to be 0? It is my understanding that if I was not sending all my bitcoin and receiving some back in my change address that output or vout would now be 1? Am I understanding this correctly? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/R1FxA4k via IFTTT

Analyst Sets $8 Trillion Target For Crypto Market Cap In 2025

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With the year drawing to an end, crypto investors and enthusiasts definitely have their eyes set on the future and what the digital asset market holds for them in the coming years. Despite a slow start to the year, the final months of 2023 have looked favorable for the cryptocurrency landscape, with the bull cycle seeming to be in full gear.  There has been broad commentary on the potential of the ongoing bull run and how it could impact the crypto market. A crypto researcher with the pseudonym Ether NasyonaL is one of the latest entities to discuss the current cycle and its future trajectory. Total Market Cap To Hit $8 Trillion By 2025: Analyst In a recent post on the X platform, crypto analyst Ether NasyonaL put forward an exciting projection for the digital asset market over the coming years. According to the pundit, the crypto total market capitalization could reach $8 trillion by 2025. This bullish prediction is based on candlestick formations on the weekly timeframe across

Vitalik Buterin Reveals Ethereum’s Roadmap For 2024

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Ethereum founder Vitalik Buterin has shared the crypto project’s roadmap for 2024. In a series of posts on X on December 30, Buterin spoke extensively on Ethereum’s gameplan for the new year, which he claims is quite similar to the plan for 2023, albeit with a few changes. Ethereum Roadmap 2024 According to information revealed by Buterin, the main focus of Ethereum for 2024 centers around six key goals, namely the Merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge. The Ethereum Merge aims to create an ideal, simple, robust, and decentralized proof-of-stake (PoS) network.  The Merge occurred in September 2022 with the integration of the Ethereum mainnet with the Beacon Chain, thus marking the end of the proof-of-work consensus algorithm. Speaking on post-Merge improvements in 2024, Buterin claimed that the single-slot finality (SSF) mechanism presented the easiest method of eliminating the current restrictions of Ethereum’s PoS design. By popular demand, an upd

How can I add more OP_RETURN outputs to a PSBT transaction?

I want to fund a PSBT transaction that I created with Bitcoin rust. It looks like there is no such function to do that as the Creator is the only one that can set the inputs and outputs. There is an API with bitcoin core rpc called “walletcreatefundedpsbt” but unfortunately it only accepts a single op_return data field. What can I do? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/pN581uV via IFTTT

Bitcoin "stolen"

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Im a bit of a noob when it comes too bitcoin but i still know some basics. I Ordered 0.00145603 bitcoin ($100AU) from Paybis and the crypto went into my account and then was taken out. If anyone could help me it would be greatly appreciated from Recent Questions - Bitcoin Stack Exchange https://ift.tt/Cj8nEKU via IFTTT

I messed up? Am I saddled with a $2000 tx fee?

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I have 5 hosted ASIC miners mining bitcoin. For about 2 years, these miners have generated about .001 bitcoin a day and everyday I have that amount sent to my ledger hardware wallet. So there are hundreds of very small transactions. I recently learned that the ledger is not well suited as a mining wallet (for other reasons). So I tried to consolidate these coins in another wallet and the estimated transaction fee was $2,000 at 265/sat per byte or $4,438 at 376/sat per byte!!!!!!! I'm assuming this is because of the amount of space required for so many small the transactions. Am I screwed into having to eat this cost? Any suggestions? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/ihw8VPC via IFTTT

Expert Analysis: Pro-XRP Lawyer Challenges Stablecoin Securities In Terraform Labs Case

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In a recent ruling by US District Judge Jed Rakoff, the US Securities and Exchange Commission (SEC) emerged victorious in the Terraform Labs case, causing concern and unease within the cryptocurrency community over the classification of stablecoins.This has led legal experts to question the ruling and its implications. The case centered around Do Kwon, a cryptocurrency entrepreneur, and his company Terraform Labs, who were found to have violated US law by failing to register two digital currencies that eventually collapsed in 2022. The TerraUSD stablecoin and Luna (LUNC) were at the heart of the SEC’s allegations. Doubts On Stablecoin’s Security Status Pro-XRP lawyer Jeremy Hogan took to social media, expressing skepticism over the classification of stablecoins as securities.  Jeremy Hogan’s skepticism regarding the classification of stablecoins as securities stems from his questioning of how a stablecoin, which is typically pegged to a specific value such as the US dollar, can

Decoding Base64 from an old wallet.dat

Good day! I found a wallet.dat file on my old computer and no longer know the password, now I had the idea and what I read in the forum that I read the Base64 code and then convert this code. Unfortunately my knowledge is limited and now I'm not sure if the file is corrupted. This is what the Base64 code looks like (not complete!): wKOCZEPaRssAQAAAAAAAAQAAAAAAwtmcm9tYWNjb3VudAABbgM4MzkJdGltZXNtYXJ0CjEyOTkxMjQ5NTYAAAAAAAK998GAAAAAjAAECdHi6UcWqMkoj92i8H4xWg/AlJx55Qa0EIouIrCN5JjQvYgAA ...... The Base64 code consists of a total of 5,013,504 characters!? When I convert it, my resulting text looks like this (not complete!): =T����|`-;:6F[*w)�����������fromaccount�n1034 timesmart 1300202056�����}`��#�tx�&vQ,P$=/S~6d5ubGb~Y[���1[X1~0$v fx)���G0D d[ꎹka|OvkӘǟXюz ((I=QVP+o.ݑGAfQLMFjw)w]w aIO϶4}uwHX> !``L���vbܶ"~`4gv)p@4����v.UN<I3VL Shouldn't I see the password here or is the file corrupted or what is it? from Recent Questions - Bitcoin Stack Exchange https://ift.tt

Canadian Crypto Exchange In Lockdown: Trading, Withdrawals Halted After Breach

After discovering a “security issue,” the Canadian cryptocurrency exchange Catalyx has stopped accepting withdrawals and ceased all trading activities on its platform. The cryptocurrency exchange’s operator, CatalX CTS Ltd., stated in a press release that an employee may have been involved in the security incident. The amount of Catalyx’s cryptocurrency holdings that were lost in the hack was not disclosed. Catalyx Faces Crypto Loss Amid Investigation The suspension comes after the Alberta Securities Commission filed a cease-trade order on December 21 against the business and co-founder Jae Ho Lee. The organization opened an investigation because it suspected that one of its employees was involved in the incident, which resulted in a loss of part of the cryptocurrency assets held by Catalyx’s customers. Caltyx said in a statement on December 28 that “management suspects that this security breach, which may involve an employee, has resulted in the loss of a portion of the crypto

Cardano Founding Entity EMURGO Maps Out Growth Strategy For 2024

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EMURGO, a founding entity of the Cardano blockchain, has recently reflected on the achievements of 2023 and unveiled a roadmap for the ecosystem in 2024. With a focus on sustainable community governance, technical advancements, interoperability, and ecosystem expansion, Cardano aims to improve its position in terms of decentralized applications (DApps) and real-world Web3 solutions in 2024. Cardano Roadmap Unveiled As EMURGO highlights in its roadmap, in 2023, Cardano took steps toward establishing sustainable community governance through initiatives such as CIP1694 and the launch of Intersect, a member-based organization.  According to the founding entity, these developments laid the foundation for the blockchain’s minimum-viable community-run government.  With a vision of 2024, the upcoming Chang hard fork, which will be implemented by community consensus, will begin the “bootstrapping phase” of Cardano’s governance model .  In particular, Delegate Representatives (DReps) wil

Is Ledger Tracking Each And Every Move You Make? Hard Data Shows

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An investigation by Rekt Builder has raised concerns about the extent of data collection by Ledger Live, the official software for managing Ledger hardware wallets. The developer claims that Ledger Live tracks every move users make, including the apps they install and the crypto they hold. Ledger Live Covertly Tracking User Transaction Activities? Taking to X on December 27, Rekt Builder  claims  that Ledger Live embeds the genuine check into the app’s listing procedure. As such, it means that whenever you plug in your Ledger device and open Ledger Live, the software checks whether the device is genuine and sends this information to Ledger’s servers. This data includes the device’s serial number, firmware version, and the list of apps installed. Rekt Builder also notes that Ledger Live tracks the crypto balances stored on the device. However, what’s concerning is that all this data is sent to Ledger’s servers. Accordingly, it means Ledger can access a detailed record of its clients

Bitcoin ETF Approval Imminent: SEC Poised To Give Go-Ahead, Bloomberg Analyst Says

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As the eagerly anticipated deadline for Bitcoin ETF applications approaches, there are growing expectations that the US Securities and Exchange Commission (SEC) is prepared to approve spot Bitcoin ETFs.  However, Bloomberg’s ETF expert, Erich Balchunas, has shed light on a potential catch , revealing that the SEC will likely require clear language regarding cash-only creations and a signed agreement with an authorized participant (AP).  Could Grayscale’s GBTC Conversion Make Or Break SEC’s Decision?  In a recent post on X (formerly Twitter), Balchunas suggests that while Grayscale, one of the world’s largest crypto asset managers, has already fulfilled these requirements, its existing advantage in terms of embedded assets and volume may pose a challenge for the SEC in maintaining a “level playing field.” According to Balchunas, the SEC’s primary concern is ensuring fair competition among all qualifying issuers. Consequently, the commission may view Grayscale’s potential conversio

Security Of Public Bitcoin Nodes / Servers

I have been wondering about the security of using public bitcoin nodes with your wallet. E.g. sparrow wallet offers three connection options (public nodes, your own bitcoin core node or a private electrum server with bitcoin core) and the docs recommend to use your own bitcoin node / electrum server if you are storing larger sums. I see the point that using your own node offers more privacy (which in turn can offer security in the sense that no one knows your addresses which could make you a target), however, I don't see how using a public server is inherently less secure from a cryptographic standpoint. I mean, I am still signing my transactions with my private key. Sure, the public node could just not broadcast my transactions or even show incorrect balances to me but it cannot fake or alter my transactions. Do I see something wrong here? Would be curious to hear in what way a public node could be problematic from a security standpoint. Is there some detailed guide explaining

What Are Bitcoin Ordinals And How Can You Trade BRC-20 Tokens

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Cryptocurrency enthusiasts have been captivated by the world of Bitcoin Ordinals and BRC-20 (Bitcoin Request for Comment 20) Tokens, witnessing a dynamic shift within the Bitcoin ecosystem.  These developments, often associated with the realms of NFTs and blockchain innovation, have raised curiosity and debates within the community.  What Are Bitcoin Ordinals? Bitcoin Ordinals emerged as a groundbreaking protocol by developer Casey Rodarmor, introducing a unique way to create NFTs on Bitcoin. These Ordinal NFTs leverage the blockchain’s inherent capabilities to store immutable information, attaching value to each satoshi, the smallest Bitcoin denomination.  Ordinals empower Bitcoin with the ability to assign rich data, such as images or text, to individual satoshis, making them unique and valuable. They’re simply pathways for Bitcoin-native NFTs, tapping into the network’s intrinsic characteristics without added layers. Bitcoin’s Ordinary NFTs have added $210 million trading vo

From Boom To Gloom: Crypto VC Funding Takes A 68% Hit In 2023

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The crypto industry in 2023 witnessed a significant reduction in venture capital (VC) funding, experiencing a 68% drop compared to the previous year. Despite this downturn, the $10.7 billion invested in 2023 surpassed the amounts recorded in previous bear markets. The year’s total investment notably exceeded $3.1 billion in 2019 and $3.2 billion in 2020, according to a report, signaling that while the landscape has cooled, it remains more active than in past down periods. The Recorded Shift In Crypto VC Investment Trends 2023 witnessed venture capitalists directed their focus towards crypto and blockchain startups, contributing $10.7 billion, a stark contrast to the $33.3 billion boom in 2022. The majority of these investments were made in Q1 of the year, with a noticeable slowdown in the second half of the quarter. However, according to the report, November marked an unexpected increase in funding. Interestingly, the year saw a shift in the allocation of deals, with increased sup

Ripple Just Bagged Another Victory To End 2023 In Style

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Global payments network Ripple has secured a major victory by obtaining official regulatory approval to provide crypto services in Ireland from the Central Bank of Ireland.  Ripple’s Regulatory Triumph Last week, the Ripple team made a major announcement celebrating the addition of Ripple Markets to the Central Bank of Ireland’s Virtual Asset Service Providers (VASP).  With this approval, Ripple gains the green light to provide digital asset services in Ireland. The endorsement will list Ripple’s Irish subsidiary, Ripple Markets Ireland Limited, in the Central Bank of Ireland VASP portfolio.  Additionally, the approval stands as a testament to Ripple’s vision for global expansion and its commitment and compliance with regulatory standards. The regulatory success will also open up opportunities for Ripple to provide certain services to users across the European Economic Areas.  Commemorating Ripple’s newest expansion success, SVP, of Strategic Initiatives at Ripple, Eric Van Mil

2024 US Elections Ignite Crypto Generosity: Industry Donations Reach New Heights

The digital currency kitchen now smells like political curry, which is very different from the smell that used to be all about code. As regulatory scrutiny builds in Washington, the business is changing how it does things by using PACs and lobbying dollars like secret ingredients for the upcoming US elections. What is the goal? Add spice to the story and rules about digital assets so that doubt doesn’t drown out their taste. 2024 US Elections: Seasoned Players, Pro-Crypto Palate The super PAC – which means they can spend and raise as much money as they want to support their chosen candidates – says that so far this year, crypto-friendly venture capital firm Andreessen Horowitz, crypto exchange platform Coinbase, veteran venture capitalist Ron Conway, venture capital executive Fred Wilson, tech executives Cameron and Tyler Winklevoss, and Ripple, a crypto solutions business have all given close to $80 million to Fairshake. The PACs’ huge amounts of money to back likely pro-crypto

Ripple Claims $11 Million In FTX Bankruptcy Case, Bolstering Legal Position

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In a significant legal development within the ongoing bankruptcy case of defunct crypto exchange FTX, Ripple, the blockchain payment company, has emerged victorious with a claim on FTX assets. Notably, Ripple Singapore is the party making the claim against Alameda assets in the legal battle. Ripple Singapore Asserts Rights To FTX Assets The filing with the United States Bankruptcy Court for the District of Delaware reveals that the debtors involved in the case have revised the proposed form of order to address the informal comments submitted by Ripple Labs.  The revised order, which has received no objections from Ripple Labs, the Office of the United States Trustee, or the Official Committee of Unsecured Creditors, is now awaiting the court’s approval .   It is important to note that the filing emphasizes that the order and any subsequent actions or payments made by the debtors should not be interpreted as an admission of the validity, amount, or basis of any claim against th

Ethereum HODLers Set New Record: Over 70% Of Supply Dormant Since 1 Year

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On-chain data shows more than 70% of the Ethereum supply hasn’t displayed any movement in over a year, a new record for the network. Ethereum HODLers Now Control Over 70% Of The Asset’s Supply According to data from the market intelligence platform IntoTheBlock , the total amount of supply owned by the ETH long-term holders has reached a new all-time high. The analytics firm defines “ long-term holders ” (LTHs) as the addresses who have been carrying their coins since at least one year ago. Statistically, the longer a holder keeps their coins still, the less likely they become to sell them at any point. As such, the LTHs are the hands who are the least probable to move their coins. This cohort lives up to this fact in practice as well, as its participants rarely sell no matter what’s going on in the wider market, even if it’s a profitable rally or a deep crash. Because of this reason, the times the LTHs do sell can be ones to watch, as it suggests that the market has pushed even t

Top 5 Strangest Crypto Names: Where Humor Meets High Finance (or Doesn’t)

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A blockchain update can make or break a fortune in the digital world of cryptocurrency. Amid all the technical terms and academic white papers, one thing stands out: the names. Forget about Ethereums and Zcashes; the crypto sphere is full of coins with names that are so strange that they would make Shakespeare scratch his head. But it’s not just funny that things are so strange. Within the crypto community, these strange names often show how the culture is changing, inside jokes, and sometimes bad intentions. On this trip through the strangest parts of the crypto universe, we’ll look at the top five weirdest names and the stories behind them. So put on your spacesuit and join us: Top Five Weirdest Crypto Names 5 – Doge Gay Son With its name as the “first LGBTQ+ token for all people,” GOGE is bold and controversial. The name’s audacity merits praise, regardless of whether it lives up to its lofty ambition. The flamboyant mascot is memorable, yet it may irritate some. Beyond the dazz

Spot Bitcoin ETF Poses Existential Threat, Arthur Hayes Warns

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Arthur Hayes, the former CEO of BitMEX, has some wise words to share in the volatile world of cryptocurrencies. According to him, if spot Bitcoin exchange-traded funds (ETFs) become extremely popular, they may even destroy the crypto itself. A prominent figure in the cryptocurrency space, Hayes expressed his worries in a blog post on December 23. He highlights the inherent worth of Bitcoin, which stems from its ever-changing character. But according to Hayes, the real danger is coming from spot ETFs that are meant to take in assets and store them in a vault. Spot ETFs Could Wipe Out Bitcoin: Hayes If these ETF issuers hoard all of the Bitcoin that is available, pushing investors away from traditional “HODLing” and onto BTC derivatives, then that is exactly how Hayes sees the end of the world. Transactional activity on the network declines in this grim future, and miners are no longer motivated to validate transactions. “Expression” is my last article of 2024. I offer some thought

Unspent Output Consolidation UX. Any wallets that have built-in consolidation feature?

Consolidation is important however sometimes nerve racking because you are sending your entire amount, if you accidentally send to the wrong address somehow this can be detrimental to anyone's Bitcoin user experience. Do any reputable Bitcoin wallets automate consolidation to avoid this failure? I believe this would significantly improve UX for average end users. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/lMJ5HvX via IFTTT

The problem related to forgetting the password of the Bitcoin Core Wallet

In the past years, I had some Balance in Bitcoin Core wallet , but after 5 years, I forgot the transfer password and I only have the backup file (.dat). Is there a solution that I can transfer the Balance with the help of my backup file and return its password? Thank you very much from Recent Questions - Bitcoin Stack Exchange https://ift.tt/aCubV3j via IFTTT

How to generate Bitcoin SSV

I want to understand more on Bitcoin SSV key and how it generated. I have a video of how it is generated but want to know more from Recent Questions - Bitcoin Stack Exchange https://ift.tt/Jx1UO3v via IFTTT

What is the numeric precision of Network Difficulty?

My understanding is that Difficulty (aka Network Difficulty) is an approximate representation of the Target, a 256-bit number which is hard to reason about or work with in human-readable Decimal format. The Bitcoin wiki defines Difficulty as: difficulty = difficulty_1_target / current_target , where difficulty_1_target was the Target during the first Difficulty Epoch (the first 2016 blocks). Is this definition of Difficulty correct? If yes, is it accurate to think about Difficulty as a type of proportion or ratio? And if it is a floating point number, what is its precision? I don't often work with hexadecimal or 256-bit numbers, so I am confused where the "approximation" piece comes in, making Difficulty values easier to work with than the Target. Is Difficulty rounded after some decimal place? Lastly, could someone please confirm the formula used to compare a hash against the Target, to see if it mines a valid block? For more practical use, how would you represent t

Crypto Case’s Epic Flaws Exposed: SEC’s Bold Plea For Sanction Waiver Uncovers Critical Insights

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US Securities and Exchange Commission (SEC) lawyers have issued an apology to a judge for misrepresenting facts in a case involving a crypto firm.  The SEC lawyers expressed deep regret and acknowledged their errors in securing a restraining order and asset freeze against Digital Licensing Inc., also known as DEBT Box. Regret And Corrective Actions In Crypto Lawsuit According to a Fortune Magazine report , following the judge’s order to explain the reasons behind their missteps, the SEC lawyers submitted a filing to the US District Court of Utah.  In the filing, they stated that the Commission deeply regrets the issued orders and has taken measures to address the situation, including mandatory training for the staff members involved in the crypto investigation. SEC Enforcement Chief Gurbir Grewal emphasized the agency’s appreciation for the responsibility entrusted to them when enforcing federal securities laws and admitted that the division fell short of the expected standards

Solana Ramps Up For Paxos’ Stablecoin Expansion With NYDFS’s Positive Nod For January 2024

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In a significant development for the stablecoin industry, Paxos, one of the largest stablecoin issuers, has received regulatory approval to extend its product offering to the Solana ( SOL ) blockchain. The expansion, scheduled to launch on January 17, 2024, follows a directive from the financial regulator ordering Paxos to halt the minting of Binance’s BUSD tokens earlier this year due to “several issues.” New York’s DFS Grants Paxos First Trust Charter Paxos has established itself as the world’s most regulated stablecoin issuer , with a track record of issuing regulated stablecoins at scale.  According to a Fortune Magazine report , the company obtained the first trust charter granted to a crypto firm under the digital asset regulatory framework implemented by the New York Department of Financial Services (NYDFS) in 2015.  Notably, the NYDFS remains the sole US financial regulator to have established a comprehensive regulatory framework for cryptocurrencies, attracting industry

Bitcoin Address Checksum

Lower Bit Range: 245 Upper Bit Range: 256 The Checksum of this address 1H5aq8vssj9fCKdw2mYEn8enzpUMEBsUZ7 is 9ed6e860 , how it is calculated using python from Recent Questions - Bitcoin Stack Exchange https://ift.tt/XwAoqQp via IFTTT

Prioritize whitelist LAN Connections

With bitcoind I have whitelisted local connections with whitelist=10.0.0.0/8 in bitcoin.conf on my server. When I launch bitcoin-qt on my laptop (only has one peer the server) it does not sync any blocks unless I block all incoming connections from the WAN to the server. I have used bitcoin-cli -netinfo and seen that my client 10.0.0.10 is listed as npr so I know it is connected. I have seen the suggestion to use whitebind but that requires more effort to implement than just using whitelist . Reserve the connection for local wallets Is there a way to give priority to whitelisted clients so they can sync immediately or is whitebind the only option? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/BSj4Q8F via IFTTT

Explosive Ripple CTO Predictions: Five Catalysts That Could Shape 2024’s Crypto Landscape

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In a recent post on X (formerly Twitter), David Schwartz , Ripple’s Chief Technology Officer (CTO), shared his predictions for the blockchain industry in 2024 and beyond.  Interoperability As Catalysts For DeFi Growth On The XRPL According to Schwartz, the convergence of artificial intelligence (AI) and blockchain will revolutionize cybersecurity and financial services. AI, according to Schwartz, will play a pivotal role in ensuring blockchain security, empowering accurate market insights and automated trading. Additionally, AI chatbots, like those on the XRP Ledger (XRPL), will simplify development processes, fostering global innovation and financial inclusion. Schwartz also anticipates that real-world asset (RWA) tokenization will drive the blockchain economy, with a particular focus on sectors such as real estate and commodities.  Schwartz believes that Tokenized RWAs on the XRP Ledger will enhance collateralized loans, improve interoperability, and attract institutional ado

Bitcoin Liquidity Across Exchanges Remain Low, Will BTC ETF Providers Face Challenges?

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The CEO of Medici, Edward Boyle, has raised concerns about the low liquidity of Bitcoin (BTC) across leading spot cryptocurrency exchanges like Binance and Coinbase. Boyle believes this could pose challenges for Bitcoin exchange-traded funds (ETFs) providers, especially when they launch in the United States in the coming weeks, subject to the Securities and Exchange Commission (SEC) approval. Bitcoin Liquidity On Spot Exchanges Low After FTX Collapse In a  post on December 12, Boyle cites Kaiko data that shows that there is generally only $200 million in Bitcoin trading volume within 1% of the spot price. Accordingly, this data means that if a large buyer or seller wants to execute a significant trade, they could impact Bitcoin prices. However, for those wishing to liquidate or buy “a few million worth of Bitcoin,” the current liquidity would instantly absorb it. Looking at existing liquidity data from Kaiko, the CEO seems to suggest that the collapse of FTX, once a prominent ex