Author: cointechies
Crypto analyst Steph points out that the overall XRP supply is shrinking significantly while demand for the token remains high. Steph cited data from the analysis platform CryptoQuant. The chart he shared showed that XRP’s maximum supply of 100 billion has declined sharply in recent years. In contrast to the decline in available supply, the price of XRP is on a strong uptrend. Accordingly, Steph indicated that demand for XRP is surging. He claimed that XRP’s next price move could be explosive and that it is only a matter of time before such an explosion occurs. Notably, XRP has been…
The year 2024 was filled with major milestones for Bitcoin, from reaching new all-time highs to multiple governments considering a Bitcoin reserve. However, the data shows that less than 1.19 million BTC remain to be mined. Unmined Bitcoin is becoming even more scarce in terms of remaining supply as more people around the world get excited about the idea of wider Bitcoin (BTC) adoption. Data from Clark Moody revealed this there As of December 26th, only 1,198,640.60 BTC remained unmined. Meanwhile, 94.29% of the Bitcoins had already been issuedwhere 220.32 BTC is invalid for payments. Eight countries, including Venezuela, China…
A recent development in the financial and technology sector has shed light on a groundbreaking patent application by Shenzhen Qianhai WeBank Co., Ltd. thrown, which aims to advance blockchain technology. Information from the National Intellectual Property Administration on December 25, 2024 revealed that the company had filed a patent entitled “Node Consensus Method, Device, Equipment and Medium in Blockchain System.” The patent with publication number CN 119172383 A was filed in September 2024. The details of the patent illustrate an innovative approach to improving the efficiency of node consensus mechanisms within blockchain systems. In the proposed method, each node maintains…
FTX executive Ryan Salame has had his prison sentence reduced by over a year, with his new release date set for March 2031. Ryan Salame, a former top executive at failed cryptocurrency exchange FTX, checked into federal prison in October to begin serving his 7.5-year sentence for his role in the collapse of Sam Bankman-Fried’s multi-billion dollar crypto empire. However, according to a report from Business Insider, Salame’s release date has suddenly been moved forward by more than a year. Federal Bureau of Prisons records show Salame is now scheduled to be released on March 1, 2031, just over a…
As hundreds of thousands of WazirX users wait for their locked funds to be redeemed on the exchange, WRX – WazirX’s own token – has suffered a 90% loss in value after being delisted from Binance. According to estimates, WazirX users are expected to suffer a loss of over Rs 50 crore following WRX’s crash due to delisting by Binance. WRX tokens were part of the existing funds held by WazirX after the July 18 hack in which cryptocurrencies worth Rs 2,000 crore were stolen. The latest Proof of Reserve report shared by CoinGabbar shows that there are a total…
A widely followed cryptocurrency trader says a top utility altcoin may be poised to rise. The analyst, known by the pseudonym Bluntz, shares with his 305,200 followers on the social media platform “These floor structures are definitely some of my favorites to trade; BTC 2019 bottom for reference.” Source: Bluntz/X He says LINK may be forming a bullish Adam and Eve pattern, which suggests an asset is threatening to overcome its horizontal resistance after hitting a bottom. “Now that the dust has settled, beautiful soil structures are forming everywhere. Perfect Adam and Eve substructure on LINK here with a horizontal…
Ryan Salame, the former chief executive of the fallen cryptocurrency exchange FTX, has had his release date from prison moved up by more than a year. Salame, who was deeply involved in Sam Bankman-Fried’s massive fraud scheme, began serving his seven-and-a-half-year sentence in October at the Federal Correctional Institution in Cumberland, Maryland. According to federal records, Salame’s release is now scheduled for March 1, 2031 – more than a year earlier than originally planned. This change is likely due to “good behavior” credits under the 2018 First Step Act, which allows prisoners to earn up to 54 days of impunity…
Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Lightchain AI and Avalanche are leading blockchain solutions, with LCAI combining AI and blockchain for exponential potential and AVAX offering proven scalability and growth. The cryptocurrency market is constantly evolving and groundbreaking projects are pushing the boundaries of blockchain technology. A standout opportunity is the Lightchain AI (LCAI) Presale, a chance to participate early in a project that seamlessly integrates artificial intelligence into blockchain systems. Meanwhile, Avalanche (AVAX), a leading smart contract platform, continues to dominate the market due…
Artificial intelligence company xAI, founded by Elon Musk, has successfully raised $6 billion, significantly increasing its startup’s competitiveness with competitors such as OpenAI. The company said it intends to use the funds to strengthen its base and advance its research and development. The most important participants in this financing round included BlackRock, Fidelity and Sequoia Capital. xAI’s products include the Grok chatbot, which is backed by US venture capitalists as well as chipmakers such as NVIDIA and AMD, as well as investment funds from Saudi Arabia and Qatar. Elon Musk reportedly stated in one of his posts on He quickly…
The Shiba Inu ecosystem has evolved significantly with the launch of early access to SHIB: The Metaverse, a platform that combines blockchain technology with immersive experiences. Announced Through SHIB’s official X account, the initiative aims to revolutionize virtual engagement, creativity and digital ownership. This development marks a turning point for Shiba Inu and the transition from a memecoin to a user-focused digital asset. A recent blog post highlighted the platform’s role in demonstrating the power of decentralized communities. Inspired by pioneers like Apple and Netflix, the Metaverse aims to promote innovation and dynamic interaction in a virtual space built on…