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Ripple to add smart contracts to XRP Ledger

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Ripple Labs has announced a significant upgrade to its XRP Ledger (XRPL) with the introduction of smart contracts via an Ethereum Virtual Machine (EVM)-compatible sidechain. This move aims to expand the functionality and appeal of the XRPL, making it more versatile for developers and businesses.

The new sidechain will enable the deployment of Ethereum-compatible smart contracts on the XRPL, bridging the gap between Ripple’s blockchain and Ethereum’s robust smart contract ecosystem. This integration is expected to enhance the XRPL’s capabilities, allowing for a broader range of decentralized applications (dApps) and services.

Ripple’s decision to adopt EVM compatibility underscores its commitment to evolving its blockchain infrastructure to meet the growing demands of the decentralized finance (DeFi) sector. By integrating with Ethereum’s widely-used smart contract platform, Ripple is positioning the XRPL as a competitive alternative to other major blockchains in the DeFi space.

Developers will now be able to leverage familiar Ethereum tools and programming languages, such as Solidity, on the XRPL, simplifying the process of building and deploying smart contracts. This compatibility aims to attract a broader developer base and foster innovation within the Ripple ecosystem.

The introduction of the EVM-compatible sidechain also promises to improve interoperability between different blockchain networks. Ripple anticipates that this will lead to increased adoption and integration of XRPL-based solutions across various sectors.

In response to the upgrade, Ripple Labs expressed optimism about the new opportunities this development will create. The company believes that the enhanced functionality will drive greater use of the XRPL and contribute to its long-term growth and success.

As Ripple advances its blockchain technology, it joins a growing trend of blockchain projects seeking to enhance their ecosystems through greater compatibility and functionality. The XRPL’s latest upgrade reflects the ongoing evolution of the blockchain landscape and its potential to support a wide array of innovative applications.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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