It’s All About Crypto Blog
Are cryptocurrencies truly stateless?
When GMCI launched the GMCI USA index to track crypto projects associated with the US - such as XRP, SOL, DOGE, and ten other assets - I didn't see the point. These cryptocurrencies operate globally, and I couldn't understand their connection to the US. None were created or backed by the US; essentially, their "nationality" seemed artificial. The...
Crypto Exchange Platforms Continue to Block Stolen Ether
Cryptocurrency exchange platforms (both trading exchanges and swapping services) continue to report blockages of ETH stolen from Bybit. At the same time, some companies are refusing to cooperate with Bybit on this matter. Who is right in this situation? Most likely, both sides have valid points. The company refusing to cooperate with Bybit has legitimate reasons. Previously...
Rewarding Content Creators in Web3: The Prospects of Kaito
Last week saw the high-profile launch of KAITO — a token designed to reward content creators on the Kaito platform. The token’s price surprised many when it didn’t drop after the airdrop, despite active sell-offs by major holders, including popular crypto influencers. KAITO/USD price chart after the airdrop. Source: Coingecko The cryptocurrency community saw potential...
The most puzzling part of the Bybit hack
In the recent Bybit hack, I noticed something particularly puzzling: even after rumors of a massive unauthorized ETH withdrawal were confirmed, people in the P2P section were still posting offers to buy ETH at near-market prices. Think about it: * Everyone knew there wasn't enough ETH on the exchange (most of it had been stolen). * Everyone understood...
Coinbase and Kraken are reportedly in talks to acquire Deribit
According to Solid Intel's recent post, Coinbase and Kraken are reportedly in talks to acquire Deribit. If true, the price tag must be astronomical. I've never been a big fan of CEXes. I don't like how they can freeze your crypto on the flimsiest of pretexts and then make impossible demands before returning it. (This is probably why...
KAITO Token Initial Distribution Starts Today
Kaito.ai is launching a new social media token that promises to revolutionize content discovery through AI-powered personalized feeds and search results. The platform aims to differentiate itself from Instagram, X, and other social networks by prioritizing relevance over popularity. Rather than promoting viral content, Kaito's AI claims to surface posts...
Another day, another exploit
Once again, an exploit has led to stolen crypto — this time on the Abstract blockchain. My first thought, as usual, was relief that I keep most of my savings in Bitcoin — which I’ve always considered far more secure than other cryptocurrencies. However, the developers of Abstract clarified that the breach was not due to...
Trump Token Airdrop Announced for Brand Merchandise Buyers
The developers of the Official Trump meme token have announced an airdrop of these tokens to all purchasers of Trump-branded watches, perfumes, sneakers, or digital collectible cards. Anyone who made any purchase before February 15 will receive 3 $TRUMP tokens. In the crypto community, such distributions are commonly called retrodrops. In retrodrops, token rewards are given to those...
When Bitcoin ETFs Protect You From Yourself
PlanB, a well-known Bitcoin advocate, has announced that he sold his Bitcoin holdings in favor of Bitcoin ETF shares. As you probably know, ETFs have nothing in common with Bitcoin except the price. It's surprising to see someone who understands Bitcoin well suddenly act as if price is all that matters. PlanB justified his decision by saying he didn't want to worry...
Why Bitcoin Hasn’t Become a Popular Payment Method
When someone “buries” Bitcoin, a common argument is that over 16 years, Bitcoin has failed to establish itself as a widely used payment method. And this is true. Why do so few people pay with Bitcoin, and does this mean Bitcoin has failed? WHAT DOES AN ASSET NEED TO BECOME A PAYMENT METHOD? In countries where barter...
