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As the Web3 ecosystem matures by July 2025, the importance of mitigating systemic risk—dangers posed
XRP remains in spotlight as traders' eyes move to $4
Bitgo, a U.S.-based cryptocurrency custody provider, recently announced the establishment of a local office in Brazil, where it will aim to acquire customers from the banking sector entering the crypto business. The company will also offer insurance options for clients using their own solutions. Bitgo Establishes a Foothold in Brazil to Serve Banks Entering the
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The power of Web3 lies in its ability to create entirely new economies by enabling
Ripple's chief technology officer (CTO) David Schwartz made important statements regarding the block loss issue in the XRP Ledger, which has resurfaced in the XRP community. Schwartz stated that there was a software error during the initial development phase and approximately 32,000 blocks were lost because of it. The XRP Ledger, the blockchain network that underpins the XRP coin, does not contain data from the first 32,000 blocks. This has led to some claims that the block records may have been intentionally deleted. Regarding this loss, which sparked debate within the community, Schwartz maintained in a social media post that the block loss in question was not intentional. Related News: Critical Levels in Bitcoin Have Been Set - What Levels Must Be Exceeded for an Explosive Uptrend? What Level Is Important to Prevent a Decline? Schwartz said, “Existing data wasn't deleted to prevent further loss. There was no way to recover the lost data.” He also responded to the question of why the blockchain wasn't reset at the time: “Resetting the blockchain would have erased all data beyond block 32,000, rather than ensuring the integrity of the data.” Records on the XRP Ledger currently begin at block number 32,570, meaning that approximately 32,000 blocks from the first 10 days of the blockchain—a significant transaction history—have been irretrievably lost. Schwartz stated that this technical issue was first raised in May, and that the data loss occurred due to a software error while testing several ledger streams during early development. Although a plan to reset the system was made after the error was identified, this step was never implemented. As a result, the Ripple team decided to continue the system in its current form to ensure the security of subsequent blocks, even at the cost of losing the first ones. *This is not investment advice. Continue Reading: The First 32,000 Blocks of the Ripple (XRP) Network Are Missing: Ripple Manager Makes a Statement
As the crypto market heats up in Q3 2025, Ripple price activity is turning heads yet much of the current investor excitement is flowing toward Remittix, a DeFi project quietly gaining traction among smart money. With low gas fees, real-world remittance utility and a viral Web3 wallet on the way, Remittix is being tipped as…
Gemini co-founder Tyler Winklevoss has claimed that JPMorgan Chase paused the crypto exchange’s onboarding process after he publicly criticized the bank’s new policy on financial data access. Key Takeaways: Tyler Winklevoss claims JPMorgan paused Gemini’s onboarding after he criticized the bank. He accused the bank of anti-competitive behavior and trying to block consumer access to crypto via third-party apps. The dispute surfaces as Gemini prepares for a potential IPO. In a post published Friday on X , Winklevoss said JPMorgan responded to his recent comments by halting Gemini’s re-onboarding, a process the bank initiated after previously ending the relationship during what Winklevoss referred to as “Operation ChokePoint 2.0.” The fallout follows a Bloomberg report that revealed JPMorgan’s plans to begin charging fintech companies for access to customer banking data. Winklevoss Slams Banking Rules as Anti-Crypto and Anti-Competitive Winklevoss, a longtime critic of banking restrictions on crypto, called the move anti-competitive and warned that it could undermine companies that facilitate access to crypto markets. Winklevoss also accused JPMorgan of trying to limit consumers’ ability to share their own financial data with third-party fintech services like Plaid. “We will continue to call out this anti-competitive, rent-seeking behavior and immoral attempt to bankrupt fintech and crypto companies,” he wrote. “We will never stop fighting for what is right!” Gemini’s banking history with JPMorgan has been contentious. In 2023, reports emerged that the bank had requested the crypto firm to seek alternative banking partners, citing profitability issues. Gemini later denied those claims, stating that their relationship with JPMorgan remained in place despite the speculation. My tweet from last week struck a nerve. This week, JPMorgan told us that because of it they were pausing their re-onboarding of @Gemini as a customer after they off-boarded us during Operation ChokePoint 2.0. They want us to stay silent while they quietly try to take away your… https://t.co/c9Ls7QpAmT — Tyler Winklevoss (@tyler) July 25, 2025 The Winklevoss twins, both politically aligned with Donald Trump, have taken an outspoken stance in recent months as U.S. regulators increase scrutiny of crypto platforms. Their contributions to Trump’s 2024 presidential campaign were returned earlier this year after the donations exceeded federal limits. The latest dispute with JPMorgan comes at a critical time for Gemini. The exchange confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission last month. Details on share pricing and offering size have not yet been disclosed. Founded in 2014, Gemini raised $400 million in a November 2021 funding round, reaching a valuation of $7.1 billion. $500K Club: Crypto and Political Elites Unite at DC’s Executive Branch As reported, a new private club in Washington, D.C. called Executive Branch, co-founded by Donald Trump Jr., David Sacks, and Gemini’s Winklevoss twins, is charging $500,000 for membership . The club, located in Georgetown, is set to open soon and already has a waiting list. Its launch party drew major political and tech figures, including Secretary of State Marco Rubio and SEC Chairman Paul Atkins, underscoring the club’s goal of combining political power, crypto influence, and elite networking. At $500,000, Executive Branch is one of the priciest private clubs in the U.S., surpassing venues like Aman Club. The founders aim to position it as a hub for conservative crypto leaders seeking close ties to regulators and lawmakers. Membership is highly selective, requiring referrals and background checks. Despite offers as high as $1 million for early access, some applicants have been reportedly rejected. The post Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism appeared first on Cryptonews .
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