It’s All About Crypto Blog
Central Storage Kills Decentralization. Worldcoin Case
The Bavarian Data Protection Authority (BayLDA) has ordered the World Foundation (digital identity project World) to delete certain biometric data. For those unfamiliar: World verifies digital identity by scanning the iris. Users who provide an iris scan receive a World ID, which: 1. Proves the individual is both human and unique. 2. Uses Zero-Knowledge Proof...
The IMF and El Salvador’s Bitcoin Dilemma
The IMF claims it reached an agreement with El Salvador to end the mandatory acceptance of Bitcoin as legal tender. While El Salvador hasn’t confirmed this, President Bukele shared a quote from the IMF’s press release, hinting at possible agreement. Five years ago, a friend of mine called Bitcoin unreliable due to its lack of state-backed liquidity...
Crypto Regulation Hits Hard
The e4pool mining pool has announced it is shutting down. The reason? e4pool operates in Russia, and new regulations require mining pool operators to report all participants to the tax authorities and deny access to those who aren’t registered in the state registry. This contradicts the business model and principles of e4pool's operators, making...
Avalanche9000 Launches on Avalanche Mainnet
Avalanche has rolled out a major update called Avalanche9000 on its mainnet. For a long time, Avalanche9000 served as a sandbox for testing bold innovations. It simulated extreme loads, allowing developers to stress-test their apps under the toughest conditions. Apps built on Avalanche9000 are now ready to face real-world challenges. And now...
Trump, Bitcoin, and Solving the U.S. National Debt
Donald Trump once promised to solve the U.S. national debt problem using Bitcoin. To me, the issue with national debt is that the government borrows more than it can repay. How could Bitcoin solve that? One idea came to my mind: 1️⃣ Ban the government from borrowing in dollars. 2️⃣ Allow borrowing only in Bitcoin. How would this...
The Countdown to MiCA: Is the Crypto Industry Ready?
Opinions on MiCA vary widely in crypto circles. Some complain that it creates excessive bureaucratic hurdles that stifle business growth. Others welcome it as the world’s first comprehensive, clearly defined set of rules that allow businesses to operate in a structured, trouble-free environment. Anyone intending to continue doing business in Europe, however they may feel...
Coinbase, WBTC, and a Lawsuit Over Fair Play
An intriguing story is unfolding around Coinbase and the WBTC token. BiT Global Digital has filed a lawsuit against Coinbase, accusing the exchange of violating anti-monopoly and unfair competition laws. The reason is Coinbase’s delisting of WBTC. The plaintiff argues that by removing WBTC, Coinbase gives an unjust competitive advantage to its own token, cbBTC. This framing made...
Bybit Votes on New Token Listing - And It’s Luna Again
Bybit is letting users vote on whether to list the Luna token. Routine, right? Not quite - the token itself is surprising. This Luna isn’t what you might think. It’s tied to an AI-powered K-pop virtual performer named Luna. According to the backstory, she was part of the group AI-DOL and has now gone solo, streaming on TikTok 24/7. K-pop fans...
Roger Ver on Bitcoin, the CIA, and Shifting Narratives
Roger Ver, one of Bitcoin Cash’s creators, recently spoke with Tucker Carlson, discussing ideas around abandoning the dollar and adopting Bitcoin. But one comment stood out: Ver claims that by 2012, CIA and FBI agents had infiltrated crypto forums. Their goal was to shift the conversation from “Bitcoin as new money” to “Bitcoin as speculation.” I got into Bitcoin...
Cryptocurrency Miners Blamed for Energy Crisis in Abkhazia
Abkhazia, a region of Georgia outside central government control, is experiencing a severe energy collapse. Power is now supplied only at night (9 PM to 7 AM) and briefly twice during the day for just over 2 hours. The region mainly relies on electricity from Russia. In November, after the pro-Russian “president” was ousted, Russia stopped funding...
