Binance Square
LIVE
Crypto小陈师 冲10w粉
@Square-Creator-4ed154686
合约+现货交叉布局🔥精通仓位布局,姨太短线之王, 擅长量身打造操作计划🔥Twitter:Crypto小陈师 微博:crypto山河
Following
Followers
Liked
Shared
All Content
LIVE
--
See original
Ripple plans to renew cooperation with financial companies to promote the use of ODL in the United StatesThe Ripple case that has been litigated for many years finally has an initial glimmer of victory. The payment network company Ripple hopes to resume cooperation with financial institution customers so that they can resume using Ripple's ODL services with peace of mind. Detailed explanation of the development and implications of the Ripple case: After reading the XRP court documents, explain in detail the reasons why XRP and the currency circle are not free from securities risks Ripple hopes customers will use ODL services again Stu Alderoty, general counsel of payment network company Ripple, told CNBC that Ripple plans to start discussions with financial companies this quarter. Hopefully, these US banks will resume using Ripple’s ODL services after the ruling.

Ripple plans to renew cooperation with financial companies to promote the use of ODL in the United States

The Ripple case that has been litigated for many years finally has an initial glimmer of victory. The payment network company Ripple hopes to resume cooperation with financial institution customers so that they can resume using Ripple's ODL services with peace of mind.

Detailed explanation of the development and implications of the Ripple case: After reading the XRP court documents, explain in detail the reasons why XRP and the currency circle are not free from securities risks

Ripple hopes customers will use ODL services again

Stu Alderoty, general counsel of payment network company Ripple, told CNBC that Ripple plans to start discussions with financial companies this quarter. Hopefully, these US banks will resume using Ripple’s ODL services after the ruling.
See original
Lens Protocol V2: Four major functional updates and the waiting list reopenedLens Protocol, a social protocol built by the Aave team, announced the launch of the V2 version yesterday (17), adding four major new features to enable users to perform more operations and create value when using it. In addition, the long-awaited waiting list has been reopened. If you want to experience the Lens ecosystem, don’t miss it. Lens V2 new feature: Open Actions This feature aims to bring users a more diverse and native operating experience by adding various Web3 functions to the Lens App. Through open operations, users and developers can "bring their own smart contracts" to enable any external smart contract operation on Lens, and can even be extended to cross-chain operations with oracle support (such as between Ethereum and L2 operations performed).

Lens Protocol V2: Four major functional updates and the waiting list reopened

Lens Protocol, a social protocol built by the Aave team, announced the launch of the V2 version yesterday (17), adding four major new features to enable users to perform more operations and create value when using it. In addition, the long-awaited waiting list has been reopened. If you want to experience the Lens ecosystem, don’t miss it.

Lens V2 new feature: Open Actions

This feature aims to bring users a more diverse and native operating experience by adding various Web3 functions to the Lens App.

Through open operations, users and developers can "bring their own smart contracts" to enable any external smart contract operation on Lens, and can even be extended to cross-chain operations with oracle support (such as between Ethereum and L2 operations performed).
See original
Ripple-SEC case settlement on the way: judge’s new orderThe legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) over the status of XRP has entered a new phase. District Judge Analisa Torres forwarded the case to District Judge Sarah Netburn for general pretrial proceedings, according to a court order filed July 16. The ruling states that Judge Netborn will consider all aspects of trial and discovery in the case, including timing, adverse motions and settlements. The resolution also states that the parties should now agree on three mutually appropriate dates for a mediation conference if they believe a result will be achieved at this time.

Ripple-SEC case settlement on the way: judge’s new order

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) over the status of XRP has entered a new phase.

District Judge Analisa Torres forwarded the case to District Judge Sarah Netburn for general pretrial proceedings, according to a court order filed July 16.

The ruling states that Judge Netborn will consider all aspects of trial and discovery in the case, including timing, adverse motions and settlements.

The resolution also states that the parties should now agree on three mutually appropriate dates for a mediation conference if they believe a result will be achieved at this time.
See original
Analysts at British giant bank Barclays discuss Ripple (XRP) victory!Coinbase, the largest U.S. cryptocurrency exchange, received bullish support from Barclays on Monday after a court ruled in favor of one of the listed tokens, Ripple, in a lawsuit with the SEC. The U.S. Southern District Court ruled last week that XRP, the native token of the Ripple payments network, was not a security when sold on exchanges, but only a security when Ripple issued it to institutional investors. The decision is a partial victory for Ripple, which was sued by the SEC for allegedly selling $1.3 billion worth of unregistered securities. Analysts at Barclays, one of the UK's largest banks, said the decision was "incrementally positive" for Coinbase as it could provide greater clarity and confidence to the crypto industry and future token offerings. They retained their Underweight rating and $70 price target on COIN stock, citing some near-term catalysts for the stock.

Analysts at British giant bank Barclays discuss Ripple (XRP) victory!

Coinbase, the largest U.S. cryptocurrency exchange, received bullish support from Barclays on Monday after a court ruled in favor of one of the listed tokens, Ripple, in a lawsuit with the SEC.

The U.S. Southern District Court ruled last week that XRP, the native token of the Ripple payments network, was not a security when sold on exchanges, but only a security when Ripple issued it to institutional investors.

The decision is a partial victory for Ripple, which was sued by the SEC for allegedly selling $1.3 billion worth of unregistered securities.

Analysts at Barclays, one of the UK's largest banks, said the decision was "incrementally positive" for Coinbase as it could provide greater clarity and confidence to the crypto industry and future token offerings. They retained their Underweight rating and $70 price target on COIN stock, citing some near-term catalysts for the stock.
See original
In-depth Synthetix: Current Ecosystem and V3 OutlookSynthetix was launched in 2017 by Kain Warwick and Justin Moses. The project, initially called Havven, offers a stablecoin (nUSD) over-collateralized by crypto assets. The protocol has come a long way since then, now offering synthetic forms of the asset on the Ethereum mainnet and Optimism. Synthetix has experienced significant growth recently. This article aims to break down what makes Synthetix currently unique, its recent performance and why V3 is a major innovation for DeFi. Current status of Synthetix Synthetix was launched in 2017 by Kain Warwick and Justin Moses. The project, initially called Havven, offers a stablecoin (nUSD) over-collateralized by crypto assets. The protocol has come a long way since then, now offering synthetic forms of the asset on the Ethereum mainnet and Optimism.

In-depth Synthetix: Current Ecosystem and V3 Outlook

Synthetix was launched in 2017 by Kain Warwick and Justin Moses. The project, initially called Havven, offers a stablecoin (nUSD) over-collateralized by crypto assets. The protocol has come a long way since then, now offering synthetic forms of the asset on the Ethereum mainnet and Optimism.

Synthetix has experienced significant growth recently. This article aims to break down what makes Synthetix currently unique, its recent performance and why V3 is a major innovation for DeFi.

Current status of Synthetix

Synthetix was launched in 2017 by Kain Warwick and Justin Moses. The project, initially called Havven, offers a stablecoin (nUSD) over-collateralized by crypto assets. The protocol has come a long way since then, now offering synthetic forms of the asset on the Ethereum mainnet and Optimism.
See original
Ethereum Layer 2 Resolution Protocol zkSync Releases New Update!Matter Labs, the lead developer of Ethereum layer 2 solution zkSync Era, has launched a new proof system called Boojum. zkSync launches new Era protocol update Boojum Boojum is a STARK-powered proof system that runs on consumer-grade GPU hardware and delivers superior performance compared to previous systems. The proof system developed by zkSync is based on a Rust-based cryptographic library and powers the zkSync Era and ZK Stack’s upgraded zero-knowledge (ZK) circuits. Previously, the zkSync Era was based on a proof system that used a zero-knowledge proof called SNARK to enable layer 2 sequencers to process over 100 transactions per second (TPS).

Ethereum Layer 2 Resolution Protocol zkSync Releases New Update!

Matter Labs, the lead developer of Ethereum layer 2 solution zkSync Era, has launched a new proof system called Boojum.

zkSync launches new Era protocol update Boojum

Boojum is a STARK-powered proof system that runs on consumer-grade GPU hardware and delivers superior performance compared to previous systems.

The proof system developed by zkSync is based on a Rust-based cryptographic library and powers the zkSync Era and ZK Stack’s upgraded zero-knowledge (ZK) circuits.

Previously, the zkSync Era was based on a proof system that used a zero-knowledge proof called SNARK to enable layer 2 sequencers to process over 100 transactions per second (TPS).
See original
US Banks Expected to Turn to XRP After Decision!Last week, the long-awaited SEC-XRP lawsuit was settled in favor of Ripple, creating a landmark impact for the cryptocurrency industry. With this decision, exchanges such as Coinbase, which delisted XRP following the SEC lawsuit, decided to list XRP one after another as it became clear that XRP, Ripple’s native cryptocurrency, was no longer a security. These developments also led to a significant increase in the price of XRP. While XRP’s victory is still being talked about, Ripple general counsel Stu Alderoty said in an interview with CNBC that he believes U.S. banks and other financial institutions will start showing interest in adopting XRP for cross-border payments.

US Banks Expected to Turn to XRP After Decision!

Last week, the long-awaited SEC-XRP lawsuit was settled in favor of Ripple, creating a landmark impact for the cryptocurrency industry.

With this decision, exchanges such as Coinbase, which delisted XRP following the SEC lawsuit, decided to list XRP one after another as it became clear that XRP, Ripple’s native cryptocurrency, was no longer a security.

These developments also led to a significant increase in the price of XRP.

While XRP’s victory is still being talked about, Ripple general counsel Stu Alderoty said in an interview with CNBC that he believes U.S. banks and other financial institutions will start showing interest in adopting XRP for cross-border payments.
See original
From giant banks to restrictions on cryptocurrency exchanges!Leading Australian bank National Australia Bank (NAB) has announced that it has blocked some payments to cryptocurrency exchanges. The increased use and popularity of Bitcoin (BTC) and cryptocurrencies has also prompted criminals to enter the cryptocurrency space and led to an increase in fraud cases. This has prompted countries and institutions to be cautious and prohibitive towards the cryptocurrency industry. At this point, the final move comes from Australian banks. Increasing scrutiny of the crypto industry by Australian authorities has led to banks taking tough action in their work with cryptocurrency exchanges and companies.

From giant banks to restrictions on cryptocurrency exchanges!

Leading Australian bank National Australia Bank (NAB) has announced that it has blocked some payments to cryptocurrency exchanges.

The increased use and popularity of Bitcoin (BTC) and cryptocurrencies has also prompted criminals to enter the cryptocurrency space and led to an increase in fraud cases.

This has prompted countries and institutions to be cautious and prohibitive towards the cryptocurrency industry.

At this point, the final move comes from Australian banks.

Increasing scrutiny of the crypto industry by Australian authorities has led to banks taking tough action in their work with cryptocurrency exchanges and companies.
See original
The market in the afternoon still maintained a shock range of more than 100 points, as the same saying goes: the horizontal direction is as straight as the vertical direction is as long as it is. Looking at the market in 4 hours, it has dropped from a sharp decline and maintained fluctuations within 500 points all the way. Bollinger showed signs of shrinking. In addition, macd has been brewing in the bottom area for a long time. It is about to exit the golden cross. In the afternoon, the temple road remains unchanged, waiting for the stimulation of a news. Afternoon pancake 30250-30050 is directly there, look around 30850 #BTC
The market in the afternoon still maintained a shock range of more than 100 points, as the same saying goes: the horizontal direction is as straight as the vertical direction is as long as it is. Looking at the market in 4 hours, it has dropped from a sharp decline and maintained fluctuations within 500 points all the way. Bollinger showed signs of shrinking. In addition, macd has been brewing in the bottom area for a long time. It is about to exit the golden cross. In the afternoon, the temple road remains unchanged, waiting for the stimulation of a news.

Afternoon pancake 30250-30050 is directly there, look around 30850

#BTC
See original
The pie has been unable to escape this pattern in the near future, and the icon will inevitably retrace after reaching a new high; Last Thursday, the currency price rose sharply during the session, and the currency price broke through a new high to the 31,855 line. As a result, it dropped more than 1,000 points during the session on Friday and fell below the 30,000 mark. This kind of bullish situation is still unable to form a continuation even if it stands firm at the resistance level. It shows that the current oscillation pattern at the daily level is extremely tenacious, but if the currency price cannot effectively form an upward trend after multiple rebound attempts, as the daily oscillation period becomes longer, the downside risk will increase. This is natural; at present, After some ups and downs last week, the daily line still uses the 30,000 mark as support. Adjustment suggestions: short defense near 30300-30400, 30600 out, 3000-29800 #BTC
The pie has been unable to escape this pattern in the near future, and the icon will inevitably retrace after reaching a new high;

Last Thursday, the currency price rose sharply during the session, and the currency price broke through a new high to the 31,855 line. As a result, it dropped more than 1,000 points during the session on Friday and fell below the 30,000 mark. This kind of bullish situation is still unable to form a continuation even if it stands firm at the resistance level. It shows that the current oscillation pattern at the daily level is extremely tenacious, but if the currency price cannot effectively form an upward trend after multiple rebound attempts, as the daily oscillation period becomes longer, the downside risk will increase. This is natural; at present, After some ups and downs last week, the daily line still uses the 30,000 mark as support. Adjustment suggestions: short defense near 30300-30400, 30600 out, 3000-29800

#BTC
See original
Faster!!! Binance Embraces Lightning Network: A Step Towards Faster Bitcoin TransactionsBinance, one of the world’s leading cryptocurrency exchanges, has successfully integrated the Bitcoin Lightning Network into its platform, taking a big step towards making Bitcoin trading more efficient. Announced on July 17, 2023, this integration enables Binance users to leverage the power of the Lightning Network for Bitcoin deposits and withdrawals. The Lightning Network is a second-layer protocol that sits on top of the blockchain and enables fast transactions between peers. This system is not limited to Bitcoin; it is also compatible with other cryptocurrencies, such as Litecoin. Although it has its own node and software that runs independently, it remains connected to the main chain. To transfer into or out of the Lightning Network, users must perform specific transactions on the blockchain.

Faster!!! Binance Embraces Lightning Network: A Step Towards Faster Bitcoin Transactions

Binance, one of the world’s leading cryptocurrency exchanges, has successfully integrated the Bitcoin Lightning Network into its platform, taking a big step towards making Bitcoin trading more efficient. Announced on July 17, 2023, this integration enables Binance users to leverage the power of the Lightning Network for Bitcoin deposits and withdrawals.

The Lightning Network is a second-layer protocol that sits on top of the blockchain and enables fast transactions between peers. This system is not limited to Bitcoin; it is also compatible with other cryptocurrencies, such as Litecoin. Although it has its own node and software that runs independently, it remains connected to the main chain. To transfer into or out of the Lightning Network, users must perform specific transactions on the blockchain.
See original
Hong Kong uses cryptocurrency to bust money laundering ringHong Kong police say they have busted a gang that used cryptocurrencies to launder money. Police said on Friday they arrested six people, including a Hong Kong high school student, in a crackdown on a cross-border group laundering suspected criminal proceeds of more than HK$100 million ($12.7 million). Police said the student was suspected of using a cryptocurrency account to trade cryptocurrency, conceal the source and flow of criminal proceeds, and help the gang launder illegal funds. Zhu Mingwen, senior inspector of Hong Kong's anti-narcotics team, said the digital currencies were transferred to virtual wallet accounts abroad to avoid detection.

Hong Kong uses cryptocurrency to bust money laundering ring

Hong Kong police say they have busted a gang that used cryptocurrencies to launder money.

Police said on Friday they arrested six people, including a Hong Kong high school student, in a crackdown on a cross-border group laundering suspected criminal proceeds of more than HK$100 million ($12.7 million).

Police said the student was suspected of using a cryptocurrency account to trade cryptocurrency, conceal the source and flow of criminal proceeds, and help the gang launder illegal funds.

Zhu Mingwen, senior inspector of Hong Kong's anti-narcotics team, said the digital currencies were transferred to virtual wallet accounts abroad to avoid detection.
See original
Attention: Bitcoin and crypto investors will be watching these developments in the new week! Here is the daily listAfter a week on the agenda for the Ripple case in the cryptocurrency market, it’s about to be a quiet week on the economic development front. Here are the events that Bitcoin and cryptocurrency investors should pay attention to in the new week: Monday, July 17: Ethereum Community Conference (EthCC) – ETH events will continue until July 20th. Tuesday, July 18: 17:00 – Michael S. Barr, Vice Chairman of the Federal Reserve Audit Committee, speaks The NULS (NULS) mainnet V2.16.0 version will be updated soon. Wednesday, July 19: 12:00 – Annual European regional Consumer Price Index (CPI) data will be released. (Expected: 5.5%, Previous: 6.1%)

Attention: Bitcoin and crypto investors will be watching these developments in the new week! Here is the daily list

After a week on the agenda for the Ripple case in the cryptocurrency market, it’s about to be a quiet week on the economic development front.

Here are the events that Bitcoin and cryptocurrency investors should pay attention to in the new week:

Monday, July 17:

Ethereum Community Conference (EthCC) – ETH events will continue until July 20th.

Tuesday, July 18:

17:00 – Michael S. Barr, Vice Chairman of the Federal Reserve Audit Committee, speaks

The NULS (NULS) mainnet V2.16.0 version will be updated soon.

Wednesday, July 19:

12:00 – Annual European regional Consumer Price Index (CPI) data will be released. (Expected: 5.5%, Previous: 6.1%)
See original
Over 200 Ethics Caught Due to Smart Contract VulnerabilitiesA new protocol that allows people to create and share digital objects on Ethereum has suffered a major setback, according to its creator, who said the main Ethscriptions marketplace had been hacked. Launched last month by Genius.com co-founder and former CEO Tom Lehman, Ethscriptions are a novel way to create Ethereum assets that utilize transaction “calldata” to write non-financial data to the network’s blockchain. Lehman said the Ethscriptions protocol itself, as well as other applications that leverage the technology, were not affected. However, Lehman Brothers said on Twitter on Friday that a large number of Ethscriptions listed on Ethscriptions.com had been stolen.​

Over 200 Ethics Caught Due to Smart Contract Vulnerabilities

A new protocol that allows people to create and share digital objects on Ethereum has suffered a major setback, according to its creator, who said the main Ethscriptions marketplace had been hacked.

Launched last month by Genius.com co-founder and former CEO Tom Lehman, Ethscriptions are a novel way to create Ethereum assets that utilize transaction “calldata” to write non-financial data to the network’s blockchain.

Lehman said the Ethscriptions protocol itself, as well as other applications that leverage the technology, were not affected. However, Lehman Brothers said on Twitter on Friday that a large number of Ethscriptions listed on Ethscriptions.com had been stolen.​
See original
Dialogue with Worldcoin CEO: The most daring project in cryptocurrencyThe goal is simple and humble: create a system that will eventually distribute the token for free to all 8 billion people on the planet as a universal basic income (UBI). But because the rise of artificial intelligence will make it difficult to determine who is human and who is digital forgery, Worldcoin first needs to create a system that allows everyone — everyone on the planet — to prove that they are, in fact, human. Several Web3 projects are working hard to create better cryptocurrencies. Some people are grappling with the issue of autonomous identity. Some try to differentiate between the real and the fake ones created by artificial intelligence. Some are building better governance systems. Some people try to improve the development of artificial intelligence through the principle of decentralization. Some seek to reduce global inequality.

Dialogue with Worldcoin CEO: The most daring project in cryptocurrency

The goal is simple and humble: create a system that will eventually distribute the token for free to all 8 billion people on the planet as a universal basic income (UBI). But because the rise of artificial intelligence will make it difficult to determine who is human and who is digital forgery, Worldcoin first needs to create a system that allows everyone — everyone on the planet — to prove that they are, in fact, human.

Several Web3 projects are working hard to create better cryptocurrencies. Some people are grappling with the issue of autonomous identity. Some try to differentiate between the real and the fake ones created by artificial intelligence. Some are building better governance systems. Some people try to improve the development of artificial intelligence through the principle of decentralization. Some seek to reduce global inequality.
See original
XRP has a good chance of a second rally, but there’s a catchCryptocurrency analytics platform Santiment is charting a future path for XRP after a court ruled that Ripple Labs’ automated, open-market sale of XRP did not constitute a security sale. XRP, which is up more than 70% after hitting a 15-month high following the court ruling, has greater upside potential amid renewed interest, Brian Quinlivan, the company's director of marketing, said in a new blog post on Santiment Insights. “Social dominance, which measures discussions related to an asset as a percentage of all top 100 assets by market capitalization, shows that XRP has surged to 7.4% of all discussions. This is the highest level of discussion about XRP since January 2021.

XRP has a good chance of a second rally, but there’s a catch

Cryptocurrency analytics platform Santiment is charting a future path for XRP after a court ruled that Ripple Labs’ automated, open-market sale of XRP did not constitute a security sale.

XRP, which is up more than 70% after hitting a 15-month high following the court ruling, has greater upside potential amid renewed interest, Brian Quinlivan, the company's director of marketing, said in a new blog post on Santiment Insights.

“Social dominance, which measures discussions related to an asset as a percentage of all top 100 assets by market capitalization, shows that XRP has surged to 7.4% of all discussions. This is the highest level of discussion about XRP since January 2021.
See original
After FTX, what’s new for Solana in 2023?After Kyle’s article which is comparable to Do Kwon’s “You size is not size”. The crypto winter is coming, and with the Terra (Luna) ecosystem and Three Arrow Capital (3AC) experiencing thunderstorms one after another, market panic continues to spread. In the end, due to the combined forces of internal and external factors, another person behind Solana and the most powerful backer in the industry at the time also fell - FTX declared bankruptcy. On December 1, 2021, Kyle Samani, managing partner of Multicoin Capital, made a bold statement, "SOL (Solana) is about to receive a huge payout because every billionaire in the world is calling me and SBF." The then-unstoppable SOL cost around $230.

After FTX, what’s new for Solana in 2023?

After Kyle’s article which is comparable to Do Kwon’s “You size is not size”. The crypto winter is coming, and with the Terra (Luna) ecosystem and Three Arrow Capital (3AC) experiencing thunderstorms one after another, market panic continues to spread. In the end, due to the combined forces of internal and external factors, another person behind Solana and the most powerful backer in the industry at the time also fell - FTX declared bankruptcy.

On December 1, 2021, Kyle Samani, managing partner of Multicoin Capital, made a bold statement, "SOL (Solana) is about to receive a huge payout because every billionaire in the world is calling me and SBF." The then-unstoppable SOL cost around $230.
See original
Litecoin (LTC) Halving in 2023The next Litecoin halving event is scheduled to take place on August 2, 2023. This means that the block reward miners receive for validating transactions will be cut in half, from 12.5 LTC to 6.25 LTC. This will reduce the supply of new LTC entering the market, potentially leading to higher prices. The Litecoin halving is a scheduled event that occurs every 4 years in the Litecoin blockchain. Litecoin’s first halving occurred in 2015, and the second halving occurred in 2019. The next halving will be the third in Litecoin’s history. Halving is a way to control Litecoin’s inflation rate. By cutting the block reward in half, the amount of new LTC created each year will also be cut in half. This helps keep Litecoin’s value stable over time.

Litecoin (LTC) Halving in 2023

The next Litecoin halving event is scheduled to take place on August 2, 2023.

This means that the block reward miners receive for validating transactions will be cut in half, from 12.5 LTC to 6.25 LTC. This will reduce the supply of new LTC entering the market, potentially leading to higher prices.

The Litecoin halving is a scheduled event that occurs every 4 years in the Litecoin blockchain. Litecoin’s first halving occurred in 2015, and the second halving occurred in 2019. The next halving will be the third in Litecoin’s history.

Halving is a way to control Litecoin’s inflation rate. By cutting the block reward in half, the amount of new LTC created each year will also be cut in half. This helps keep Litecoin’s value stable over time.
See original
Not Just XRP: Stellar (XLM) Surges Over 57% One Day After Judge's Ruling on SEC's Ripple LawsuitXRP isn’t the only crypto asset surging following Thursday’s groundbreaking ruling in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple. XRP challenger and payments blockchain Stellar ( XLM ) is up more than 57% on Thursday, rising from around $0.095 at the start of the day to $0.144 at the time of writing. The 21st-largest crypto asset by market capitalization has also gained more than 74% in the past month, but remains more than 83% below its all-time high above $0.875 set in January 2018. . The U.S. Securities and Exchange Commission (SEC) sued Ripple in late 2020, accusing the San Francisco-based payments company of selling XRP as an unregistered security.

Not Just XRP: Stellar (XLM) Surges Over 57% One Day After Judge's Ruling on SEC's Ripple Lawsuit

XRP isn’t the only crypto asset surging following Thursday’s groundbreaking ruling in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple.

XRP challenger and payments blockchain Stellar ( XLM ) is up more than 57% on Thursday, rising from around $0.095 at the start of the day to $0.144 at the time of writing.

The 21st-largest crypto asset by market capitalization has also gained more than 74% in the past month, but remains more than 83% below its all-time high above $0.875 set in January 2018. .

The U.S. Securities and Exchange Commission (SEC) sued Ripple in late 2020, accusing the San Francisco-based payments company of selling XRP as an unregistered security.
See original
Can blockchain oracles predict the rise and fall of currency prices?What is an oracle? What is not quite consistent with this somewhat "obvious" name is that a blockchain oracle is a third-party information source whose only function is to provide data to the blockchain, making it possible to create smart contracts. Fundamentally, a smart contract is just a self-executing code. The smart contract evaluates the incoming data from the oracle and initiates execution based on the information received. Let's take an example. Let's say John and John place a bet on the price of Bitcoin this Saturday. Zhang San believes that the price of Bitcoin will be at US$8,500 or higher. On the contrary, Xiao Hei believes that the price of Bitcoin will be at US$8,000 or lower. So, they designed a smart contract (to which both parties would send funds), and whoever predicted the price closer to the actual price won the funds.

Can blockchain oracles predict the rise and fall of currency prices?

What is an oracle?

What is not quite consistent with this somewhat "obvious" name is that a blockchain oracle is a third-party information source whose only function is to provide data to the blockchain, making it possible to create smart contracts.

Fundamentally, a smart contract is just a self-executing code. The smart contract evaluates the incoming data from the oracle and initiates execution based on the information received.

Let's take an example. Let's say John and John place a bet on the price of Bitcoin this Saturday. Zhang San believes that the price of Bitcoin will be at US$8,500 or higher. On the contrary, Xiao Hei believes that the price of Bitcoin will be at US$8,000 or lower. So, they designed a smart contract (to which both parties would send funds), and whoever predicted the price closer to the actual price won the funds.
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More
Sitemap
Cookie Preferences
Platform T&Cs