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Ethereum

Vitalik Buterin, Ripple’s Chief Technology Officer Engage in Twitter Spat over XRP

While Ripple executives claim that Ripple has been unfairly treated at the SEC, Ethereum frontman Vitalik Buterin is not exactly silent. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.”

The latest feud also started with a discussion of new regulatory changes in Canada with Ontario-based crypto exchanges – Bitbuy and Newton – imposing a 30,000 CAD annual “buy limit” for “restricted coins” for their users to “protect consumers” amid tightened regulations, except for altcoins – Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

This is when Buterin intervened and praised Ethereum for opposing regulations that favor Ether over legitimate crypto-assets. David Hoffman, Bankless.eth founder replied by saying he wouldn’t have said anything if Ontario Exchanges had restricted XRP. Buterin responded with ,

“XRP already lost the right to protection after they tried to make us feel stupid as “China-controlled imo .”

“.

Ethereum-Ripple Feud

Buterin lambasted Ripple for labeling Bitcoin and Ethereum as controlled by China back in 2020. After the founder stated that the blockchain company, which is currently involved in a fight against the SEC, had fallen to “new levels .”

“.

Biterin’s latest anti-XRP statement has gained significant traction, so much that David Schwartz couldn’t resist. Once again, the Ripple CTO reaffirmed his company’s stance of Bitcoin and Ethereum being securities while comparing miners of the two networks with shareholders of eBay.

” The goverment should penalize projects that disagree with the narrative” seems to be a good ETH slogan. It’s fair to compare miners in PoW systems with stockholders in companies. The residual friction between buyers/sellers that eBay doesn’t remove is what eBay’s stockholders make, and so does the stockholders of eBay. So do miners in ETH/BTC

Schwartz asked Buterin if the matter should be decided by the market or government.

Ripple Lawsuit

The status of crypto-assets is a matter of dispute for many years. The US Securities and Exchange Commission (SEC vs. Ripple) case will provide much-needed clarity for the industry.

The regulatory agency claimed that Ripple sold XRP, an illegal security product. However, the company claimed several victories in its continuing legal battle while the SEC has been at the receiving end of significant mockery. This could indicate that a verdict is possible.

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Ethereum

Arthur Hayes Says Cardano Is A ‘Shitcoin’ – Here’s Why

Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes.

“Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday.

Cardano Is A Shitcoin, Says Hayes

Continuing to describe the cryptocurrency – a top ten digital asset by market cap – Hayes did not mince words: “The first wannabe Ethereum, and probably the first one to go to be irrelevant,” he said.

Typically, the popular crypto essayist and trader is well known as one of the loudest long-term Bitcoin (BTC) and Ethereum (ETH) bulls, and often expresses interest in small-cap cryptos for short-term trading.

During the same interview, Hayes even expressed interest in the memecoin “dogwifhat” calling it the “best dog money of this bull cycle.

“I love Rare Pepe’s… I think we’re going to see a resurgence of NFT trading volumes,” he added.

The writer’s unique callout of Cardano ruffled some feathers online – especially with the network’s founder, Charles Hoskinson. On Tuesday, Hoskinson asked Hayes why he was “throwing shade” at Cardano.

“Cause your coin is a piece of shit man,” Hayes replied. “Just buy some ETH and chill.”

What Makes Cardano Unique?

Much like Ethereum, Cardano is a smart contract platform for developing decentralized applications. It also popularized as one of the first well-developed proof-of-stake cryptocurrencies, which use crypto rather than energy to secure its network.

However, many popular blockchains today now use the same mechanism, with Ethereum undergoing a massive upgrade in 2022 to adopt proof of stake. In terms of both market size and DeFi TVL, Cardano is still outsized by competitors like Ethereum, Solana, and Binance Smart Chain (BSC).

On Tuesday, Hayes published a list of the world’s most popular Dapps, and asked which of them had originated or grown most popular on the Cardano blockchain.

“From my very limited knowledge, it looks like none of them do,” he said. “That’s why ADA is dog shit.”

On Bitcoin, however, Hayes remains a bull, expecting strong money printing from the Federal Reserve to drive the asset’s price up soon.

“When printing money happens and you debase the value of time and human labor, we rejoice and say great, fuck you, we’re gonna take Bitcoin to a million,” he told Coin Bureau.

Late last year, Hayes predicted that Bitcoin would reach between $750,000 and $1 million by the end of 2026.

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Ethereum

Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend

On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold on Tuesday…
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Ethereum

Ethereum Technical Analysis: ETH Highlights Resilience Across Several Timeframes

Ethereum started Monday with its price hitting $2,934 per unit, marking a week filled with a strong 14.9% increase. Over the preceding fortnight, the second-leading crypto asset by market cap witnessed a substantial 25.9% upswing. Kicking off this week, ether’s trading volume over the past 24 hours has hovered around $24.74 billion…
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