“If you want to make an apple pie from scratch, you must first invent the universe.” – Carl Sagan Among the first objections that arise for anyone who has just learned about Bitcoin is “this is too complicated to understand.” And it’s true; private keys, block times, difficulty adjustments, UTXOs, uncensorable CoinJoin transactions, hash-something — the learning curve is steep…
I get many questions about this so I’ve decided to write about why an air-gapped computer (AGC) for Bitcoin security might be desirable for some people. Reason One The primary reason for an air-gapped computer (AGC) is to check the functioning of your hardware wallet (HWW). To begin with, when your HWW generates a private key, how do you know…
The annual meeting of the International Swaps and Derivatives Association (ISDA) began Wednesday in Madrid. United States Securities and Exchange Commission (SEC) chairman Gary Gensler and U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam were both featured as keynote speakers at the event, with Behnam speaking at the morning session, and Gensler in the afternoon. Behnam spoke at…
The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any kind of association with the DeFi ecosystem have seen their prices hammered. The forced selling of the Bitcoin (BTC) holdings backing a portion of UST also influenced BTC’s current drop to $29,000…
Imagine Tupac Shakur (also known professionally as 2Pac) coming back to discover modern rap music. At the very least, he would have some questions, “What the fuck is ‘mumble’ rap?” Not that 2Pac invented rap, but he’s certainly a contender for the greatest rapper of all time, so assuming he would have input is no stretch. Satoshi Nakamoto coming back…
Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion. Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech Firm A number of major…
Authorities in the U.S. states of Alabama, Kentucky, New Jersey, Texas, and Wisconsin have filed enforcement actions against the Flamingo Casino Club for allegedly perpetrating a scam through nonfungible tokens (NFTs) tied to a metaverse casino. In a Wednesday announcement, the Alabama Securities Commission, Kentucky Department of Financial Institutions, New Jersey Bureau of Securities, Texas State Securities Board, and Wisconsin…
In brief Wrapped tokens are a way to use cryptocurrencies such as Bitcoin or Dogecoin on blockchains other than the blockchain they were originally built on. Wrapped tokens are backed 1:1 by their underlying asset, which is stored in a digital vault. Wrapped tokens are a solution to the problem of blockchain interoperability. One way to understand blockchains such as…
Bitcoin (BTC) price initially bounced from its recent low at $29,000 but the overall market sentiment after a 25% price drop in five days is still largely negative. Currently, the crypto “Fear and Greed index,” which uses volatility, volume, social metrics, Bitcoin dominance, and Google trends data, has plunged to its lowest level since March 2020 and at the moment…
Nubank now enables its customers to purchase bitcoin in its mobile app. Nubank will also allocate 1% of its portfolio to bitcoin to “strengthen the company’s conviction” in the potential of bitcoin, the firm said. Bitcoin critic Warren Buffet owns Nubank shares through his holding company Berkshire Hathaway, giving the investor indirect exposure to BTC. Nubank, the largest Brazilian digital…
