It’s All About Crypto Blog
Crypto for Charity: The Story of MIRA Token
People use cryptocurrencies for various purposes, including charity. One such initiative was the launch of the MIRA token to raise funds for a critically ill girl. The creator transferred 50% of the token supply to the girl’s father, accompanied by a campaign focusing on compassion and mutual support. Today, MIRA’s price spiked, only to fall back within hours...
The Growing Risks of P2P Exchanges and How to Avoid Them
The Bank of Italy has published a report highlighting the growing popularity of P2P exchanges, which the authors describe as "crime-as-a-service." The report explains that with P2P exchanges, crime organizers no longer need to cover the financial tracks of their illicit activities themselves; instead, P2P brokers and other market participants handle that for them. As...
Another Proof of the Challenges in Entering the Stablecoin Market
Coinmetrics presents a chart showing the market share of low-cap stablecoins, collectively valued at $10 billion. Among these, one stands out: PYUSD. 1. It’s issued by PayPal, a financial giant with decades of reputation and an enormous user base. 2. Despite this, PYUSD’s share is invisible on the chart - it’s that small. Even PayPal, with its massive...
Binance & Kraken Invest $10M in Usual Labs’ Stablecoin USD0
Crypto exchanges Binance and Kraken have led a $10 million investment round in Usual Labs, the issuer of the USD0 stablecoin. At first glance, investing in a new stablecoin issuer might seem unprofitable. The stablecoin market is already saturated and divided among major players. But if giants like Binance and Kraken see potential, Usual Labs’ business model must offer something...
F2Pool Censorship Sparks Bitcoin Concerns
Recently, two F2Pool-mined Bitcoin blocks excluded transactions marked "sanctioned". HOW IT WORKS: Transactions enter a mempool, awaiting inclusion in a block. Miners typically choose those with the highest fees. But F2Pool's blocks 875575 & 875840 seem to actively exclude certain transactions, not just low-fee ones. These excluded txs were linked to sanctioned addresses. THIS RAISES CONCERNS:...
From ETF to Banana and Beyond
In 2024, spot ETFs for Bitcoin and Ethereum were launched in the United States. Each investment in such funds must be backed by actual cryptocurrency purchases. This means that every dollar flowing into these funds directly translates into crypto purchases. But what if these funds decide to sell their crypto? Will they be able to get back the...
Onyx: The Bitcoin-Exclusive AI Agent
Most crypto-related AI agents have their own tokens. The most common practice is launching tokens on the Base network via the Virtuals protocol (notable examples include AIXBT, GAME, and LUNA) or on Solana (AI16Z, ARC, and REALIS). But recently, a beta version of an AI agent exclusively operating with Bitcoin in its financial transactions was launched. This AI agent...
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...
