Muneeb Ali, co-founder of Stacks, has successfully introduced smart contracts to the Bitcoin network without altering its core protocol. His journey began in Pakistan and led him to Princeton, where he envisioned a decentralized internet. The recent Nakamoto update enhances Bitcoin transactions, ensuring full finality and faster speeds for decentralized applications, while Ali emphasizes the untapped potential of Bitcoin beyond being an investment asset.
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0 posts last weekRipple’s Unique Trust Model and Satoshi Nakamoto’s Early Recognition
Ripple’s validator-based consensus mechanism and focus on cross-border payments position it as a transformative force in decentralized finance. Satoshi Nakamoto recognized Ripple’s unique trust distribution model, which contrasts with centralized systems, highlighting its innovative contributions to the cryptocurrency sector. Currently, XRP is trading at $2.95, reflecting a 5.78% decrease in the past day.
read moreCraig Wright Avoids Jail Sentence for Claiming to Be Satoshi Nakamoto
Craig Wright, who a UK court ruled is not Satoshi Nakamoto, faced contempt of court for continuing to assert his identity as Bitcoin’s creator. He received a suspended two-year jail sentence, contingent on ceasing legal actions in Nakamoto’s name, after filing a lawsuit claiming Bitcoin developers misled investors. The judge emphasized that further violations could lead to the sentence being enforced.
read moreFinancial Times Issues Apology to Bitcoiners Amid Price Surge to 100000
FT Alphaville issued a controversial “apology” to Bitcoiners as the cryptocurrency surged to $100,000, reflecting on its critical stance since 2011. The op-ed acknowledged past cynicism but maintained that the publication stands by its views, prompting backlash from the crypto community, which labeled the statement a “Cope-Pology.” Despite Bitcoin’s rise, it continues to face skepticism from prominent critics like Warren Buffett and Jamie Dimon.
read moreBitcoin ETFs Reach 20 Billion in Inflows Amid Strong Demand
Spot Bitcoin ETFs in the U.S. have surpassed $20 billion in inflows, with $1.85 billion added this week alone. BlackRock’s iShares Bitcoin Trust led with $309 million, while Ethereum ETFs saw a modest inflow of $48.4 million, primarily driven by Fidelity’s fund. Grayscale’s Ethereum Trust continues to struggle, facing significant outflows.
read moreBitcoin’s Unknown Creator vs Ethereum’s Vitalik Buterin in Cryptocurrency Debate
Anthony Pompliano, a prominent Bitcoin advocate, discussed the allure and drawbacks of Ethereum in a recent podcast. He emphasized that the anonymity of Bitcoin’s creator, Satoshi Nakamoto, benefits the cryptocurrency, contrasting it with Ethereum’s Vitalik Buterin, whose public persona can deter some investors. Pompliano also critiqued a new documentary on Satoshi, suggesting it should be viewed for entertainment rather than serious analysis.
read moreDogecoin Founder Calls for SEC to Declare DOGE Not a Security
Dogecoin founder Shibetoshi Nakamoto has urged SEC Chair Gary Gensler to declare that Dogecoin is not a security, arguing that its code is derived from Bitcoin, which Gensler has confirmed is not classified as a security. Launched in 2013 as a spin-off from Litecoin, Dogecoin shares its foundational code with Bitcoin, reinforcing Nakamoto’s claims. While the SEC has not classified DOGE as a security in its lawsuits, it has also not labeled it a commodity.
read moreBitcoin Milestone Reached as 94 Percent of Supply Issued
Bitcoin’s creator, Satoshi Nakamoto, articulated the unique value of Bitcoin 14 years ago, likening it to a scarce metal with the ability to be transported over communication channels. Currently, 94% of Bitcoin’s total supply has been mined, with only about 1.26 million BTC remaining, projected to take over 100 years to fully mint. This controlled supply enhances Bitcoin’s appeal as a hedge against inflation and currency debasement.
read moreBitcoin Addresses Holding $100,000 or More: A Millennial Perspective
The Bitcoin economy has seen over 450,000 addresses holding $100,000 or more, with Millennials making up 57% of total crypto ownership. This milestone has been reached twice before, and with the potential for further appreciation, the number of Millennials in the Bitcoin two-comma club is likely to increase. Additionally, Charlie Munger’s advice on achieving the first $100,000 is highlighted, emphasizing the importance of saving and increasing income.
read moreDecentralized Finance Ecosystem Sees $10 Billion Drop in Total Value Locked
The total value locked (TVL) on decentralized applications dropped by $10 billion in April, with Avalanche and Solana experiencing significant outflows. Despite this, Ethereum still dominates DeFi TVL, while Base and Bitcoin attracted more capital, with Bitcoin’s TVL boosted by new L2 infrastructure. Additionally, layer-2 blockchains like Blast and Coinbase’s Base saw modest growth in TVL during the same period.
read moreBlackRock and Grayscale Ethereum ETF Applications Face SEC Hurdles
BlackRock’s Bitcoin ETF has been a success, but the SEC’s delay on Ethereum ETF decisions has left investors uncertain. A fake HBAR BlackRock partnership caused a surge in HBAR token value, while Ethereum’s price remains dependent on SEC decisions and market support levels. The future of ETH ETFs is uncertain, with hopes pinned on a favorable outcome in June.
read moreThe Rise and Impact of Bitcoin: A 13-Year Journey of Satoshi Nakamoto
The cryptocurrency market is showing a slight rise, with Binance Coin (BNB) experiencing a 2% increase in the last 24 hours. BNB is currently trading at $607.6, and it is anticipated to continue sideways trading in the $600-$620 zone for the next few days. On the weekly chart, attention is drawn to the crucial $600 zone, with a potential test of the $645.2 resistance level by the week’s end if the candle closes above $600.
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