It’s All About Crypto Blog
When Your Salary Isn’t Welcome in the Bank
Today, someone in a Telegram chat shared a message they had received from the support team of the European neobank bunq. You can see the message in the screenshot. The customer used the bank only to receive their salary. They didn’t keep the funds there - instead, they immediately transferred the money to other fintech services to exchange it for cryptocurrency. In my view...
Beyond DeFi: Where Stablecoins Can Earn Much More
The crypto industry still offers unique ways to earn yield. Most people look for somewhere to park their stablecoins in DeFi at 6-10% APY. But there are far less obvious opportunities that can deliver significantly higher returns - fully passively. I’m talking about prediction markets, where you can sometimes find truly unbelievable bets. For example, there’s a market on Polymarket betting that the US...
The Day Bitcoin Rewrote Itself: What Users Actually See
What happens to your exchange during moments like yesterday, when two Bitcoin blocks were orphaned and replaced by others? In reality, nothing bad happens at all. If the transaction sent to you by Rabbit.io had ended up in the original versions of blocks 941881 and 941882 - the ones mined by Antpool and ViaBTC and later replaced by blocks mined by...
SWIFT Discovers Blockchain. Now What?
SWIFT recently announced on its website that it is preparing to launch a new infrastructure for international transfers - one that will be built on blockchain technology. That immediately brings to mind how blockchain was originally positioned as an alternative to SWIFT. And not just because blockchain transfers are faster and cheaper. There were other important points of...
How KYC Harms Business and Violates Consumer Rights
Ordinary everyday businesses - grocery stores, restaurants, or beauty salons - can freely serve customers without establishing their identity. A cashier does not ask you to show your ID to sell you a loaf of bread, and certainly does not inquire about the origin of the funds you use to pay for a haircut. Moreover, in most...
When "Safe" Assets Drop 40%: Rethinking Bitcoin Volatility
At Rabbit.io, we aim to offer our users the best possible exchange rates, so I keep a close eye on crypto market pricing. At the same time, it’s hard to miss the headlines about oil prices rising amid the conflict in the Middle East. But lately, I realized I’d been overlooking traditional safe-haven assets like gold and silver. If you haven’t been tracking them...
Institutions Want Crypto Exposure - Just Not Crypto Itself
Ernst & Young, one of the world’s largest professional services firms (audit and market analysis), recently conducted a survey of major institutional investors - funds, banks, and similar players - to understand how they view cryptocurrencies. You can read the full results here. I’d like to highlight a few takeaways. First, 73% of respondents plan to increase their...
Opera Walks Away from Cash - Toward CELO
Opera, the company behind the browser, has asked the developers of the Celo blockchain for 27% of the circulating supply of CELO tokens. That’s a highly unusual move. Let’s break it down to understand what makes it so unusual. Opera comes in several versions, and the lightest one is Opera Mini, designed for low-end mobile devices. Like other versions of the browser...
Who Is "the System"? A Closer Look at HTX DAO Governance
HTX DAO recently announced that HTX tokens can now be staked to participate in DAO governance. That caught my attention because the HTX ecosystem has already been involved in one of the most striking cases of “decentralization in name only” that I’ve written about before: the shutdown of the HECO blockchain. At the time, the developers simply announced that the chain...
One Token to Rule TRON: The 96% Dominance of USDT
For a long time, I assumed that the TRON ecosystem owes much of its position in the crypto industry to USDT. But I didn’t realize just how extreme that dependence really is - until I came across some statistics today. The numbers are honestly staggering. The screenshot I’m referring to comes from Tronscan. It shows that 96% of all volume is attributed to USDT. The site...
