Blog By Sammy

 Does Ripple follow Bitcoin? [ai_post_generator_toc] Introduction Cryptocurrency  has become a hot topic in recent years, with Bitcoin being the most well-known and widely used. However, there is a new player in the game that threatens to usurp Bitcoin's place as the top cryptocurrency -  Ripple . In this article, we will explore the differences between Ripple and  Bitcoin , the advantages of Ripple over Bitcoin, the challenges facing Ripple, and the future of both cryptocurrencies in the market. Understanding Ripple and Bitcoin Bitcoin  was created in 2009 as a decentralized digital currency. It uses a blockchain network to verify transactions and maintain a public ledger. Ripple, on the other hand, was created in 2012 as a payment protocol and digital currency. It uses a different technology called the Ripple Protocol Consensus Algorithm (RPCA) to verify transactions and maintain a public ledger. Differences between Ripple and Bitcoin One of the main differenc...

Intro Bitcoin  Transactions and American Taxation  are two topics that have gained a lot of attention in recent years. As the use of Bitcoin and other cryptocurrencies continues to grow, many people are wondering how these transactions are taxed in the United States. In this blog, we will discuss the basics of Bitcoin transactions and American taxation, as well as how these two topics intersect. Understanding Bitcoin Transactions Bitcoin  transactions  are a form of digital currency that allows individuals to make peer-to-peer transactions without the need for a central authority, such as a bank. Each Bitcoin transaction is recorded on a public ledger called the blockchain, which ensures that the transaction is secure and cannot be altered. Taxation Basics in the United States Taxation  is the process of collecting money from individuals and businesses to fund government programs and services. In the United States, taxes are collected by the Internal Revenue Ser...

 Bitcoin Price Prediction - 2022 has been very rough for all the cryptocurrencies including Bitcoin. In fact, the largest cryptocurrency of the world, Bitcoin has lost nearly 65% of its market value in the entire year of 2022.  Crypto enthusiasts were caught off guard by a series of unfortunate events such as the Terra Luna crash, fall out of the largest crypto exchange FTX, and the looming macroeconomic conditions. But there are several questions which are hovering on everyone’s mind: what will happen next? Will Bitcoin ever rise again to its previous heights? Here’s a detailed read which will help you to find out all the possibilities for Bitcoin prices in 2023. Will Bitcoin Rise Again In 2023? The world’s largest  cryptocurrency , Bitcoin has fallen almost 2% and is trading around the levels of $28,000, lowest this week. This plunge has been witnessed, as one of the largest cryptocurrency exchange Binance, temporarily halted the Bitcoin withdrawals twice in a day due ...

crypto investment - It is possible to get filthy rich by investing in cryptocurrency -- but it is also very possible that you lose all of your money. Investing in crypto assets is risky, but can be a good investment if you do it properly and as part of a diversified portfolio. Cryptocurrency  is a good investment if you want to gain direct exposure to the demand for digital currency. A safer but potentially less lucrative alternative is buying the stocks of companies with exposure to cryptocurrency. Image source: The Motley Fool Let's examine the pros and cons of investing in cryptocurrency. Is  cryptocurrency  safe? Multiple factors show that cryptocurrency is not always a safe investment. All the while, other signs are emerging that cryptocurrency is here to stay. Cryptocurrency risks Cryptocurrency exchanges , more so than stock exchanges, are vulnerable to being hacked and becoming targets of other criminal activity. Security breaches have led to sizable losses for i...

Parity Wallet Hack - On July 19 the ethereum community was warned that the Parity client version 1.5 and above contained a critical vulnerability in the multi-signature wallet feature. Further, a group of multi-signature “black hat exploiters” has managed to drain 150,000 ether from multi-sig wallets and ICO projects. A Vulnerability Found in the Multi-Signature Contract “Wallet.sol” Used in Parity Clients According  to the company Parity and the firm’s founder Gavin Wood, the startup’s product the Parity wallet version 1.5 and above contained a bug that enabled the theft of  $30 million  worth of ETH. The vulnerability discovered in these specific Parity wallets used a multi-signature contract called “wallet.sol” and the contract was utilized by a few initial coin offerings (ICO) as well. Circulating reports believe that three particular ICO projects were compromised including Swarm City, æternity, and Edgeless Casino. The Parity startup had issued a security warning on...

  Ethereum Flash Crash -  The  Commodity Futures Trading Commission  is investigating Coinbase for an  Ethereum “flash crash” that occurred in June. During the crash, the  ETH  exchange rate plummeted down in an instant, but quickly regained its price. According to  Bloomberg , Ethereum dropped from trading at $317.81, down to 10 cents in a split second. However, its recovery was also swift. It regained a $300 price point in mere seconds.  The Bloomberg article said, “The  Commodity Futures Trading Commission  has requested information from Coinbase Inc. about a June 21 incident on its GDAX platform in which the Ether digital token suffered a precipitous drop, falling to 10 cents from $317.81 in milliseconds before quickly recovering, said two people familiar with the matter.” Could Margin Trading have caused the Plunge? The CFTC is concerned that leveraged or margin trading may have precipitated the flash crash. Margin tradin...

 Ripple CEO -  In a recent interview, Ripple chief executive officer, Brad Garlinghouse, and  Ethereum  co-founder, Joseph Lubin, have  criticized  the current state of the ICO industry. The pair expressed concerns that although many “high-quality projects” are using ICOs as a fundraising vehicle, numerous “copycat projects” have raised money without “intend[ing] to deliver any value to the people buying the tokens.” Ripple’s CEO Believes That Regulators Need to Catch up With the ICOs Industry Ripple CEO, Brad Garlinghouse, expressed his belief that “a lot of what’s happening in the ICO market is actually fraud,” also mentioning the increasing number of ICOs facing litigation. Although concerned by the actions of many token sales, Garlinghouse expects that said fraudulent activity will “stop” once regulators catch up with the industry. Garlinghouse also asserted that token issuers currently operate in a legal “gray area,” whilst they wait for regulators to ...