Crypto News
XRP Ledger ‘Self-Healed’ After Brief Downtime
The XRP Ledger (XRPL) was briefly unavailable early Wednesday as a consensus mechanism design led to a temporary halt in network operations.The incident began when the network's consensus process appeared to function, but validations were not being published, causing the network's ledgers to “drift apart.”In the XRP Ledger, consensus among validators is crucial for updating the ledger with new transactions. If validators cannot agree on which transactions to include in the next ledger version, the network can't move forward.A “drift” in this context means that while the consensus protocol was technically running, validations (or confirmations of transaction sets) weren't being published.At least one validator operator manually intervened to reset the network's consensus to a previously validated ledger state, although the...
Ethereum to Bitcoin Ratio Hits 4-Year Low—Here’s Why
The ETH/BTC ratio has plunged to lows of 0.027, as institutional investors demonstrate a clear preference for Bitcoin ETFs.Source link
Blockstream Opens New Office in Tokyo as It Expands in Asia
Blockstream, the crypto company co-founded by legendary bitcoin (BTC) developer Adam Back, is expanding its global presence with the opening of a new office in Tokyo, the company said in a press release on Wednesday.The company will be partnering in the region with Diamond Hands, Japan's leading Bitcoin strategic consultancy, and investment firm Fulgur Ventures. Blockstream plans to drive adoption of Bitcoin Layer-2 and self custody technologies in Japan, the company said, as well as the tokenization of real world assets (RWA).Japanese corporates have shown increased interest in the world's largest cryptocurrency. Metaplanet (3350), the hotel investor, recently announced the largest capital raise in Asian equity market history to buy bitcoin. Blockstream is looking to support local businesses that want...
Lightchain AI Testnet Launches, Raising $15M—One Presale Stage Left
PRESS RELEASE. The blockchain world is buzzing, and for good reason—Lightchain AI has officially launched its testnet, already securing over $15 million in funding! Combining the unmatched potential of blockchain and AI, Lightchain AI is charting a bold, innovative course for decentralized technology. If you’re a cryptocurrency enthusiast, a tech-savvy investor, or a developer onSource link
Equities-Crypto Relationship Is Likely to Weaken in the Long Term, Citi Says
The relationship between stocks and crypto markets is likely to weaken in the future, Wall Street bank Citi (C) said in a research report Monday.While equities have been and remain the most important macro driver of crypto markets, the "equity-crypto correlation is likely to fall over time as the nascent asset class matures, the investor base grows, technology advances and adoption progresses," the report said.Still, the speculative nature of cryptocurrency markets means that risk asset correlations may be inflated, especially during risk-off events, the bank said."A more transparent regulatory regime in the U.S. will also lead to more idiosyncratic price action," analysts led by Alex Saunders wrote.Bitcoin (BTC) volatility is expected to continue to fall in the long term...