We’re excited to announce the open sourcing of Kryptology. Kryptology is a cryptographic library for the Crypto community that will enable and empower developers to create novel crypto innovations with state-of-the-art cryptography. At Coinbase, cryptography is a first-class citizen. We’re passionate about cryptography as a driver for innovation in crypto. It is the most important mechanism for delivering delightful user…
Month: December 2021
Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review
On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or DeFi, industry. The article opened by saying, “There is a “decentralization illusion” in DeFi since the need for governance makes some level of centralization inevitable, and structural aspects of the system lead…
2021’s BTC Obituary List Accelerated This Year, 41 Alleged Bitcoin Deaths Recorded – Featured Bitcoin News
As bitcoin and a number of crypto assets have dropped in value during the last two weeks, its seems that everyone’s hope for six-digit bitcoin prices has become unattainable. However, year-to-date, bitcoin has risen more than 150% in value and despite the rise, skeptics and critics continue to assume bitcoin is dead. In fact, the infamous bitcoin obituary list indicates…
Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0
Ethereum co-founder Vitalik Buterin has outlined his vision for a “plausible roadmap” for Eth2, presenting a future where the largest smart-contract platform can increase its scalability while meeting high standards for trustlessness and censorship resistance. In a Monday post titled “Endgame,” Buterin presented a thought experiment for how the average big blockchain — defined by very high block frequency, high…
Bitcoin could ‘drive people nuts’ for months with $53K BTC price ceiling — analyst
Bitcoin (BTC) may spend “months” ranging between recent $42,000 lows and $53,000 and cause panic in the process, popular analysis warned on Dec. 6. Discussing the BTC price outlook on Twitter, Scott Melker, known as the Wolf of All Streets, said that ranging behavior could last well into 2022. Bitcoin price bottoms could sink still deeper After failing to reclaim…
DeFi Vulnerabilities ‘Exceed Those in Traditional Finance’: Bank of International Settlements
The Bank for International Settlements (BIS) has warned that the crypto industry—as well as the broader non-bank financial sector—threatens financial stability and claims “systemic regulation” is needed. “In the crypto ecosystem, risks have so far surfaced mainly in frequent and sizeable price crashes. Whether such fragilities are limited to this ecosystem or can spill over to the traditional one is…
Ethereum bulls retain hopes of $10K despite ETH price chart bear flag
Ethereum’s native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000. ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an Ascending Channel that — more or less — appears like…
Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’ – Bitcoin News
El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable. Salvadoran ecologist Ricardo Navarro Questions His Country’s Volcano-Powered Bitcoin City Venture During the second week of June, El Salvador’s president…
Bitwage Processes World’s First Lightning Payroll
Bitwage has processed the world’s first Lightning payroll. The company processed a salary payment entirely on the Lightning Network, Bitcoin’s layer 2 scaling solution for fast and cheap bitcoin payments. “Bitcoin’s Lightning Network promises the ability to enable global, instant payments for almost no fees,” Bitwage said in a statement sent to Bitcoin Magazine. “Our vision for Lightning payroll is…
Popular BTM Operator Bitcoin of America Wins Silver in 11th Annual Best in Biz Awards – Press release Bitcoin News
press release PRESS RELEASE. Bitcoin of America has been named a silver winner in the Company of the Year – Midwest category in Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Bitcoin of America is a popular virtual currency exchange, registered as a money…