A prominent economist said that this catastrophic event would cause the price of Bitcoin to reach $10 million.Chief economist and global strategist Peter Schiff predicted that Bitcoin could reach $10 million if the US dollar experiences hyperinflation. This forecast is based on the historical case of the German Papiermark, which experienced a significant decline in value due to hyperinflation in 1914. Schiff believes that Bitcoin’s decentralized nature and market capitalization make it a potential hedge against currency devaluation. Schiff also compared the value of Bitcoin to that of gold, sparking criticism and debate within the cryptocurrency community. Despite the controversy,…
Author: Crypto Flexs
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Oh you, Spadina, Finally, finality Hello and farewell tl;dr Quick Spadina post-mortemNew testnet: Sync. launching pad It’s live; Genesis deposit is just one week away! Spadina post-mortem The Spadina testnet dress rehearsal began last Tuesday. Spadina is now healthy and on the cusp of finishing, but the launch hasn’t gone as smoothly as it once did. Validator participation started out very low, and it took ~70 epochs (nearly 8 hours) to reach the 2/3 participation threshold needed for the chain to complete. But since then the chain has actually been surprisingly stable. Initially, we thought that this lack of initial…
Craig Wright, the self-proclaimed inventor of Bitcoin, is facing two high-profile lawsuits related to his claim to be Satoshi Nakamoto, the pseudonymous creator of the pioneering cryptocurrency. TLDR The UK’s Supreme Court has refused Craig Wright permission to appeal his defamation suit against podcast host Peter McCormack. Wright previously received 1GBP in damages from McCormack in relation to Wright’s claims that he was Bitcoin founder Satoshi Nakamoto. Wright’s lawyers tried twice to appeal the nominal damages award, but failed, before it was rejected by the Supreme Court. This ruling comes as Wright is pursuing lawsuits against cryptocurrency companies and developers…
The Algorand Foundation CEO’s X social media account was hacked, marking the third major attack on a cryptocurrency-related X account this month. new lineThe company that runs smart contract platform Algorand (ALGO) announced that the X account of company CEO Staci Warden had been hacked and warned people not to interact with it. “(Staci Warden’s) account has been compromised. Do not click on any links on her account or respond to her direct messages (DMs). “Recovery work is underway.” Some of the hacker’s messages included a repost link to a recording titled “Puppets Ruined Bitcoin” and links containing false content.…
I have an Umbrel Node on my RaspberryPi4. I’m connected to the same router as my computer, but I can’t connect using Python (bitcoinrpc). my code rpc_user = “umbrel” rpc_pass = “password” rpc_host = “192.168.1.122” rpc_port = “8332” rpc_connection = f”http://rpc_user:rpc_pass@rpc_host:rpc_port” print(rpc_connection) rpc_client = AuthServiceProxy(rpc_connection, timeout=240) I always get the same error. Traceback (most recent call last): File “/media/donbolli/code/python/bitcoin/crawler/test.py”, line 10, in <module> rpc_client = AuthServiceProxy(rpc_connection, timeout=240) File “/media/donbolli/code/python/bitcoin/venv/lib/python3.10/site-packages/bitcoinrpc/authproxy.py”, line 87, in __init__ if self.__url.port is None: File “/usr/lib/python3.10/urllib/parse.py”, line 185, in port raise ValueError(f”Port could not be cast to integer value as port!r”) ValueError: Port could not be cast…
The cannabis industry has been growing at a rapid pace in recent years, and with this growth has come the need for a reliable and secure currency that can be used for transactions within the industry. Meet PotCoin, a digital cryptocurrency designed specifically for the legal cannabis market. In this article, we’ll take a look at what PotCoin is, how it works, and why it could be the future of cannabis currency. What is Potcoin? PotCoin, like Bitcoin, is a digital cryptocurrency specifically tailored to the cannabis industry. It was created in 2014 by a team of developers who saw…
Magic Eden is preparing to launch a multi-chain wallet designed to address fragmentation in the non-fungible token (NFT) and cryptocurrency markets. The goal is to provide users with a more seamless experience across various blockchain networks. Magic Eden cross-chain interaction Recently published on the X platform, NFT marketplace Magic Eden shared a teaser video with text hinting at the launch of a multi-chain wallet on January 29th. In November 2023, Magic Eden announced the launch of a multi-chain compatible cryptocurrency wallet browser extension to simplify user interaction across various blockchains. As CEO and co-founder Jack Lu noted, the initiative aims…
January has passed pretty quiet When it comes to new game releases, it’s a typical lull after the holiday blitz. But things are about to get a lot more interesting in February thanks to a steady stream of powerful new games.From Rocksteady Games’ “Suicide Squad” comics (following three sharp Batman games) to Square Enix’s comics. Final Fantasy VII RebirthThere are quite a few things worth playing in February — and quite a few in between. Here’s what we’d like to get our hands on.Suicide Squad: Kill the Justice League (February 2)After producing a trilogy of excellent Batman games, Rocksteady Games…
Solana recently released Token Extensions, a set of futuristic token tools. According to the X thread, advanced token features will benefit Solana’s developers. Extensions allow developers to quickly build custom token environments. These experiences are designed to meet all your business and market compliance needs. Additionally, the extension provides flexible and secure tools for both physical and digital assets. Given Solana’s low cost and high throughput nature, the extension will provide unparalleled value to developers. This will unlock unique capabilities for developers and enterprises that are not possible on many public blockchains. There are currently more than a dozen token…
Image Generation AI (IMGNAI) has seen a significant price increase after announcing the completion of a $1.6 million seed round. According to CoinGecko, the IGNAI token price rose 4.6% this week. In the past year, it has risen 595%, reaching a high of around $0.024. Image Generation AI (IMGNAI) has its own. IGNAI, an artificial intelligence (AI) token, has completed a seed funding round led by top-tier venture capitalists. San Francisco-based Hack VC took the lead in a recent $1.6 million funding round. Additional support came from Rana Capital, Selini Capital, West Ham Capital and others. Following the announcement of…