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Ripple CTO Shares Unexpected Satoshi Nakamoto Statement Ripple's Chief Technology Officer (CTO) David Schwartz ignited a heated debate by questioning the identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The controversy unfolded when a prominent Bitcoin community member, known by the alias "Ryuushi," suggested that despite recent legal setbacks, Craig Wright remains the most probable candidate to be Nakamoto.  This assertion sparked a fiery response from Schwartz, who dismissed it as "complete nonsense." He highlighted Wright's failure to provide conclusive evidence of his identity as Nakamoto during the trial, emphasizing that other individuals, including himself, had no such motive to falsely claim authorship of Bitcoin. Interestingly, Schwartz's rebuttal reignited speculation surrounding his own potential connection to Nakamoto. Citing his extensive background in cryptography, dating back to the early days of the field, some theorists have posited him as a plausible candidate for Nakamoto's identity. Schwartz's involvement in pioneering patents related to distributed ledger technology further fueled speculation. Despite these theories, Schwartz has consistently denied any association with Nakamoto, maintaining that he is solely an architect of XRP Ledger, distinct from Bitcoin's genesis. What's up with Craig Wright? The dispute surrounding Wright's claims to the coveted title of Bitcoin's creator continues. Despite Wright's legal battles, the Crypto Open Patent Alliance (COPA) recently scored a victory when a judge ruled against Wright's assertion that he is Nakamoto.  COPA, an organization dedicated to safeguarding the open-source nature of cryptocurrencies, seeks further injunctions to prevent Wright from making further claims and pursuing litigation in the crypto community. #RippleRumblings #satoshiHashRate

Ripple CTO Shares Unexpected Satoshi Nakamoto Statement

Ripple's Chief Technology Officer (CTO) David Schwartz ignited a heated debate by questioning the identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

The controversy unfolded when a prominent Bitcoin community member, known by the alias "Ryuushi," suggested that despite recent legal setbacks, Craig Wright remains the most probable candidate to be Nakamoto. 

This assertion sparked a fiery response from Schwartz, who dismissed it as "complete nonsense." He highlighted Wright's failure to provide conclusive evidence of his identity as Nakamoto during the trial, emphasizing that other individuals, including himself, had no such motive to falsely claim authorship of Bitcoin.

Interestingly, Schwartz's rebuttal reignited speculation surrounding his own potential connection to Nakamoto. Citing his extensive background in cryptography, dating back to the early days of the field, some theorists have posited him as a plausible candidate for Nakamoto's identity. Schwartz's involvement in pioneering patents related to distributed ledger technology further fueled speculation. Despite these theories, Schwartz has consistently denied any association with Nakamoto, maintaining that he is solely an architect of XRP Ledger, distinct from Bitcoin's genesis.

What's up with Craig Wright?

The dispute surrounding Wright's claims to the coveted title of Bitcoin's creator continues. Despite Wright's legal battles, the Crypto Open Patent Alliance (COPA) recently scored a victory when a judge ruled against Wright's assertion that he is Nakamoto. 

COPA, an organization dedicated to safeguarding the open-source nature of cryptocurrencies, seeks further injunctions to prevent Wright from making further claims and pursuing litigation in the crypto community.

#RippleRumblings #satoshiHashRate

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Major Dogecoin Wallet Shut Down Sparks Community Outrage Dogechain, a major noncustodial wallet powering the Dogecoin (DOGE) ecosystem, is shutting down. Surprisingly, many members of the Doge army are not aware of a scenario that has pushed an X user and Dogecoin proponent to speak out. While the Dogechain wallet has a strong legacy in the broader digital currency ecosystem, the regulatory terrain in the United States has forced many innovators to rethink their stance lately. Dogechain is not the first of the wallets to announce a shutdown.  Legacy Bitcoin-privacy wallet Wasabi also revealed earlier this week that it is ceasing operations. The decisions appear to stem from fears emanating from the arrest and charges brought by Samourai Founders for money laundering. From Tornado Cash to Samourai, the tolerance of U.S. regulators for privacy-centered outfits remains low. The Dogecoin community is currently frustrated as the exit of Dogechain implies the number of native DOGE-dedicated wallets has fallen. Dogecoin influence not waning Despite the current outlook on the market and regulatory consideration, the influence of Dogecoin is not fading. Dogecoin Founder Billy Markus remains one of the top market voices with takes on the current trend. Dogecoin might be losing its grip with Dogechain's closure, but the coin may gain full integration on Elon Musk’s payment app. Though speculative, this anticipation has triggered renewed optimism that the utility of the dog-themed meme coin will soar soon. Dogechain's exit is not negatively impacting the price of DOGE yet. It is up 0.7% in the past 24 hours to $0.1328, per data from CoinMarketCap. The coin’s trading volume is down 36% to $1,110,810,641. #altcoins #CryptoWatchMay2024 #DogecoinDay $DOGE
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Shibarium Completes Hard Fork Promising Blazing Fast Transactions: Price Impact Shibarium, the layer-2 network from the Shiba Inu (SHIB) ecosystem, successfully completed a significant hard fork on May 2. This update promises to deliver blazing-fast transactions and more predictable gas fees, enhancing user interactions with the network. Is Shiba Inu Poised For a Breakout After the Shibarium Hard Fork? The Shibarium Network announced on X (formerly Twitter) that it completed the hard fork at the block height of 4,504,576. A hard fork in blockchain technology entails a major upgrade that results in the split of the network into two chains. Introduced on April 24, this process introduces fundamental changes incompatible with the previous software version. Consequently, the Shiba Inu development team initiated this ambitious upgrade to unlock advanced capabilities and streamline user engagement on the Shibarium platform. The enhancements from this Shibarium hard fork aim to meet community demands for better usability and performance. As a result, Shibarium aims to be more affordable and accessible, addressing the primary concerns of its growing user base. Moreover, the upgrade serves as a strategic move to foster innovation within the decentralized finance (DeFi) sector. By providing a robust and secure platform, Shibarium wants to be well-positioned to support developers and users eager to explore new possibilities in the crypto space. #altcoins #Shibalnu #Shibarium $SHIB
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Why This Hedge Fund Bought Dogwifhat at 1 Cent: ‘It Had a Hat’ After venture capital firm Stratos boasted 300x profits from an investment in Solana meme coin Dogwifhat (WIF), other hedge funds started to consider meme coins as a legitimate investment. So, why did Stratos believe in a Shiba Inu with a hat? The California-based firm invested in WIF in December when it was around $0.01. And it’s still holding onto its stash of WIF, which is now trading for $2.76 according to CoinGecko data. Prior to investing in WIF, Stratos had invested in some of the “blue chip” meme coins—the likes of Dogecoin, PepeCoin, and Shiba Inu. Due to its small team, Stratos says it was able to be quick on its feet when they first got a whiff of WIF. “Normally, you will spend months doing due diligence before you actually make an investment. That obviously doesn’t work for memes,” Rennick Palley, founding partner of Stratos, told Decrypt. “The reason why we designed the fund the way it is, is because we've been in crypto long enough to know how it works.” WIF is the latest dog-based meme coin on the Solana blockchain. It doesn’t pretend to be anything it isn’t, explaining on its website that it’s “literally just a dog wif a hat.” With no utility, the community has turned to guerrilla marketing to boost the tokens value, with the project currently aiming to get its furry mascot plastered on the Las Vegas Sphere. Another interesting project that I would like to talk about. Ready to Fight the 1st blockchain boxing ecosystem aiming at the $10B boxing market and bridging 2B boxers & fans worldwide. They are dropping rewards to pioneers, participants and promoters as they get ready for their @WhiteBit listing. #BullorBear #WIF🔥🔥 #RTF #altcoins #WhiteBit
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Meme Cryptocurrencies Face Steep Declines: Dogecoin, Shiba Inu, and PEPE Suffer Major Setbacks in Market Value Dogecoin (DOGE), a leading cryptocurrency inspired by memes, experienced a significant downturn, losing over 12% of its value in the last 24 hours. The price of DOGE, a favorite of tech mogul Elon Musk, has decreased by more than 23% over the past week and by 40% within the last month. Currently, DOGE’s market price hovers around $0.1245. This marks an 83% decline from its peak value of $0.737, recorded on May 8, 2021. Despite this setback, the trading volume of Dogecoin surged by 75% in the last day, reaching $1.7 billion, with its market capitalization now at $18 billion. Shiba Inu (SHIB), another popular meme cryptocurrency, also faced challenges, with its price dropping by 12% in the same 24-hour period.This recent fall adds to a 22% decrease over the past week. Nevertheless, Shiba Inu has seen a significant 134% rise over the last 90 days, reflecting sustained investor interest despite shifting market sentiments. Shiba Inu is currently priced at $0.000021, with a 24-hour trading volume that increased by 50% to $833 million. SHIB’s market cap stands at approximately $12.3 billion. A newer meme coin, PEPE, has also felt the market’s volatility. After a remarkable 560% rise in the last 90 days, PEPE has seen a 22% decrease over the past week, with an additional 16% drop in the last 24 hours. PEPE’s current trading price is $0.000006, and its trading volume over the last day rose by 28% to $980 million. Despite recent declines, PEPE remains the third-largest meme cryptocurrency, boasting a market cap of $2.58 billion. These fluctuations in the meme cryptocurrency sector underscore the inherent volatility and the shifting dynamics influenced by both investor sentiment and broader market trends. #DogecoinDay #Shibalnu #PEPE❤️ $DOGE $SHIB $PEPE
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