It’s All About Crypto Blog
$10 Tron Fees? Sun Claims Relief Is Coming
Justin Sun announced today that Tron will adjust its fees to stay competitive. For those who don’t know: fees on Tron can actually be changed by the developers. This isn’t Bitcoin, where only the sender decides how much they’re willing to pay to get their transaction included in a block. On Tron, the protocol rules are flexible - and that gives developers a lot of...
Will Stablecoins Really Cut Remittance Fees by 92%?
Keyrock has published a report on how stablecoins could reshape global payment systems and capture a significant share of cross-border transfers. According to their estimates, within five years stablecoins may account for around 12% of all cross-border payments - that’s one in every eight dollars. What caught my attention was their forecast for remittances. The authors suggest that stablecoins could...
Funds Avoid Crypto Despite Market Boom
Bank of America surveyed fund managers to see how their portfolios are structured. Turns out, 75% of funds hold zero crypto exposure. Another 6% only keep around 2% in crypto. And here we are thinking massive institutional money is pouring into the crypto market! In reality, three out of four U.S. funds haven’t put a single cent into it. What’s...
Digital IDs in DeFi Threaten the AI Crypto Narrative
According to Cointelegraph, the U.S. Treasury is considering introducing digital ID requirements into DeFi smart contracts as a way to combat money laundering. The crypto community has already pushed back with some pretty clear counterarguments. A good example comes from well-known blockchain investigator ZachXBT: * Scammers can easily bypass such checks, since verified accounts are routinely bought and...
Why a 51% Attack Isn’t as Scary as It Sounds
This week, the Monero network found itself under a 51% attack. The Qubic project claimed it had gained control over the majority of Monero’s mining power — and backed it up by successfully rewriting several blocks. That sounds alarming: after all, many people believe a 51% attack spells doom for any cryptocurrency. But the reality is far less dramatic. As the...
BIS Wants to Control the Gates
The Bank for International Settlements (BIS) has proposed a new risk assessment framework for crypto transactions. According to it, before any crypto-to-fiat exchange, financial institutions would be required to assign an AML compliance score to each transaction. If adopted, this would make it practically impossible to move from crypto into the traditional financial system without...
Don’t Fall for This Tron Fake Transfer Trick
Today I came across a type of fraudulent transaction on the Tron network that I hadn’t seen before. I want to share it with you, because if you’re not aware of it, you could easily fall for it. Take a look at this list of transactions: https://tronscan.org/#/address/TYQtKyZUQhWEtrxqQccvuhCdWteX6R15nb/approval Open any of them and you’ll see: * an amount in USDT * the...
The Stablecoin Market Is Crowded. Can MetaMask Break Through?
While the crypto market is going through turbulence, many are anticipating the launch of a new stablecoin. According to CoinDesk, MetaMask is planning to release its own stablecoin later this month. We already have plenty of stablecoins out there. I honestly can’t imagine what could convince users to adopt yet another new one. It seems MetaMask is aiming...
Binance Drops - Market Shrugs
Today, Binance announced it will be delisting three spot trading pairs - ANIME, HYPER, and STO. Interestingly, all three tokens saw a price uptick after the announcement. The gains weren’t huge - just a couple of percent - but still, it’s the opposite of what used to happen. Not so long ago, poor performance on exchanges was a death sentence...
Monero Under 51% Attack - What’s Happening and What to Expect
The 51% attack on the Monero network I warned about earlier now appears to have actually happened. Judging by the pattern of blocks appearing and disappearing, it seems the attack has taken the nastiest possible form. The attacking pool isn’t just replacing individual blocks as they’re mined - it’s privately mining an entire chain of blocks, then, once that chain becomes longer than...
