It’s All About Crypto Blog
Ethereum Foundation Sells ETH for DAI: A Smart Hedge?
The Ethereum Foundation regularly sells its ETH holdings. According to Binance News, 100 ETH was sold yesterday. Vitalik Buterin has previously explained the purpose behind these sales, stating that the funds from these sales go towards compensating researchers and developers. There’s something to consider here: * In Bitcoin, developer compensation is paid directly in BTC without needing to sell it...
NEAR’s Integration with Ethereum and AI Ambitions
While Cardano is integrating with Bitcoin and seeing demand for its native token ADA surge, NEAR has announced its own integration with Ethereum. Just as Bitcoin wallet users gained direct access to Cardano’s ecosystem via Grail Bridge, Ethereum wallet users can now access NEAR’s ecosystem through the Rainbow Bridge. How will this affect NEAR’s price against ETH...
Cardano Surges 53% Against Bitcoin: What’s Driving It?
Two weeks ago, I wrote about the new Grail Bridge linking Bitcoin and Cardano, and wondered who might benefit most. The market seems to have answered: since the bridge launched, Cardano’s ADA has surged 53% against BTC, rising from 500 to 765 satoshis. It seems the market sees more potential in Cardano than Bitcoin here. Some might credit ADA’s rise to founder Charles...
Why So Many Blockchains?
The simplest and clearest way to describe a blockchain is as follows: a blockchain is a file that records every transaction ever made with a cryptocurrency. However, this definition is incomplete. It leaves out essential operating principles that define what makes a blockchain unique. These principles include: * Information is recorded in blocks...
Credo Bank Explores Crypto-Only Banking Services
The Georgian bank Credo recently asked its customers to complete a survey about crypto-related banking services. Credo is just one small bank in a small country, and this wouldn’t have caught my attention if it weren’t for the content of the survey. The questions in the survey suggest that the bank is exploring interest in these services: * Crypto storage...
Do U.S. Elections Really Impact Bitcoin Prices?
Coindesk’s chart shows Bitcoin prices consistently rising in the 12 months after U.S. elections - regardless of the outcome. Why? Could it really be just a coincidence, repeating three times? It probably is coincidence. If election results affected BTC, we’d see varying trends. Yet, three times, with vastly different outcomes, Bitcoin’s price rose. The real reason likely...
How Crypto Swaps Help Avoid Tracking
All records of cryptocurrency transactions are stored in blockchains, most of which are publicly accessible. This means that anyone can view and analyze almost any action taken with nearly any cryptocurrency at any time. WHO TRACKS CRYPTO TRANSACTIONS AND WHY The main parties interested in tracking a transaction are the sender and the receiver. They...
Blockchain: A Solution for Permanent Digital Archives
The recent article by the Brownstone Institute, "They Are Scrubbing the Internet Right Now," highlights a trend of information being removed from the internet, making digital information sources less reliable. Additionally, search algorithms are downranking inconvenient content, which could be seen as censorship of the web. * The Internet Archive hasn’t archived anything since Oct 8 due...
Athenut and the Future of Paid Private Search
Two days ago, the paid search engine athenut.com launched. Since then, its counter shows it’s handled just 62 searches. Athenut operates on top of Kagi, a subscription-based, ad-free search engine delivering highly relevant results, with subscriptions payable in fiat or Bitcoin via Cash App. Athenut, however, charges per search for privacy, using Cashu tokens for micro-payments. This removes the need...
DOGE and Musk: A Maturing Meme Coin Market
Elon Musk tweeted that DOGE could help solve the U.S. immigration issues. There was a time when celebrity mentions sent meme coin prices soaring. But this time, DOGE actually dropped right after Musk’s post. It seems traders: * tried to figure out how DOGE could address immigration issues, * found no connection, * concluded Musk was grasping for ways to justify...
