Two common complaints about Bitcoin are the transaction times associated with its proof of work model for verifying and writing transactions, and its privacy issues. But there are solutions and projects that provide ways to hold and transact the king of cryptos that are faster and more secure. For transaction speeds, there are wallets that...
Category: TRENDS IN CRYPTOS
Post
SEARCHING FOR SOLANA
So far, 2021 has been the year that cryptos and blockchain technologies in general broke decisively into the mainstream. Prices of major cryptos like Bitcoin, Ethereum, Binance Coin and Cardano have been volatile, with ups and downs. But that’s hardly new. The huge surge in decentralized finance and non-fungible token ecosystems, and the cryptos and...
Post
COINBASE PARTNERS WITH MUFG TO OFFER JAPAN CRYPTO EXCHANGE
Coinbase, the largest U.S. cryptocurrency exchange, has formed a partnership with Japan’s Mitsubishi UFJ Financial Group (MUFG) that will allow the bank’s 34 million customers to buy and sell digital currencies through their existing bank accounts. If the venture is successful, Coinbase likely will offer the same deal to other Japanese banks, MUFG said. The...
Post
FACEBOOK’S DIGITAL WALLET POISED FOR LAUNCH
Novi, Facebook’s digital wallet, has received licenses or regulatory approval in “nearly every state” and is now “ready to come to market,” David Marcus, who has spearheaded the company’s foray into digital currencies, wrote in an 18 August memo quoted by the Financial Times. The wallet will allow persons to transfer money between themselves directly,...
Post
BITCOIN ETFs IN PREP AS SEC HIGHLIGHTS PATH TO APPROVAL
This month, asset managers Galaxy Digital, Invesco, ProShares, Valkyrie Digital, and VanEck have filed applications with the U.S. Securities and Exchange Commission (SEC) to operate Bitcoin exchange-traded funds (ETFs). The applications were filed after SEC chair Gary Gensler signaled that the agency would look favorably on funds that traded futures for Bitcoin only, not cryptocurrencies...
Post
BLOCKCHAIN BATTLES
KYB: KNOW YOUR BLOCKCHAIN. Who writes to the blockchain, controls it. One of the major differences in different blockchain networks is whether the blockchain is “permissionless” or “permissioned.” Other terms, like “public” and “private,” “transparent,” “anonymous,” “pseudonymous” and “KYC” (know your customer), also come into play. What does it all mean, and why does it...
Post
EL SALVADOR CRYPTO WALLETS READY IN SEPTEMBER
No thanks to the World Bank, El Salvador’s government backed bitcoin wallet will be available for download by citizens in early September. The Central American country made history by being the first in the world to formally specify Bitcoin cryptocurrency as legal tender. Though central banks that lend to countries and are used to profiting...
Post
THE BITCOIN FIX
A recent interview with noted crypto backer Michael Saylor might well have been taken as over-the-top crypto babble a few years, or even a few months ago, when Bitcoin and the blockchain sphere was diving (again). But with cryptos up again, and an undeniable rising tide of both consumer and institutional interest, Saylor’s thoughts don’t...
Post
VISA MOVES INTO NFTs WITH CRYPTOPUNK PURCHASE
Money talks…and so does money-making. The surge of consumer money into cryptos, DeFi and NFTs is happening fast, and the pace of traditional Big Finance and Big Tech looking to buy into the action is happening just as fast. Credit card giant Visa on Monday announced that it had purchased one of the original collectives...
Post
“THE CRYPTO-ING”: FINANCIALS PICKING UP PACE TO CRYPTOS
Two of the largest U.S. banks, Wells Fargo and JPMorgan, registered Bitcoin funds with the Securities and Exchange Commission (SEC) this past week. The move represents the latest in a growing trend of traditional financial institutions looking for exposure in crypto markets, which, while volatile over their history, have undergone explosive growth. Another major bank,...