Cryptolinks Cryptocurrency News Blog
Use Case and Not Price Is the True Essence of Cryptocurrency!
By:
Nate Urbas
29 November 2019
It is no more news that the cryptocurrency market is a volatile landscape fueled by speculations and hype. While this assertion defines the present status of the market, it, however, does not highlight digital assets' main selling point. Maybe crypto practitioners are becoming blind to the fact that crypto has much more to offer than volatility-induced profits. As it stands, the crypto community is easily swayed by fickle price speculations. And this is evident in the recent price downturn of...
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Are Centralized Exchanges Hurting the Efficacy of Crypto?
By:
Nate Urbas
8 November 2019
From the looks of things, the travails of crypto are one way or the other tied to the operations of crypto exchanges. This assertion holds, considering the array of controversies these entities attract, and its effects on the image of crypto as a viable asset class. For one, recent news relating to crypto exchanges highlights the growing number of sudden closures, high profile hacks, and troubling lawsuits. The apparent lack of standards in the crypto exchange market is one of...
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The Ultimate Guide to Never Get Your Cryptocurrency (Bitcoin) Stolen
By:
Nate Urbas
17 October 2019
The bitcoin industry has grown over the last decade, transforming from being a geek’s hobby to a standalone sector that lawmakers and big companies are taking note of. From buying pizza to being one of the major performing assets in the last few years, bitcoin is playing a huge role in introducing a lot of people to cryptocurrencies. But this growth has also attracted the attention of criminals who are out to steal the digital assets from unsuspecting holders. Once...
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The Rise of Stablecoins and the Governments’ Arms Race to Regulate Facebook’s Libra Cryptocurrency
By:
Nate Urbas
30 September 2019
The rise of stablecoins is largely attributed to the increasing adoption of blockchain by major firms and the need for a digital currency that is supposedly a better “store of value” than cryptocurrencies such as bitcoin and ethereum, which are notorious for their volatility. There are many types of stablecoins, and for the most part, they have been issued by cryptocurrency firms. However, this trend is changing as more traditional institutions and big tech firms dip their feet into...
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Fractional Reserve Bitcoining
By:
Nate Urbas
12 September 2019
Scaling solutions, banking in bitcoin, and institutions “Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the blockchain. There needs to be a secondary level of payment systems which is lighter weight and more efficient.” Hal Finney Bitcointalk Forum December 30th, 2010 Key Takeaways: An old idea of institutions reserving bitcoin has been reignited after analyst Nic Carter published a detailed blog post which covers some of...
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The State of Privacy in Cryptocurrency
By:
Nate Urbas
3 September 2019
Fungibility is an important prerequisite for money. While Bitcoin is the most widely adopted blockchain network, it has issues with fungibility and privacy - something that prevents it from being adopted as money. Pretty much all other cryptocurrencies also possess this weakness. Aspects of Privacy in a Cryptocurrency Privacy can relate to several things when talking about cryptocurrencies. The first aspect relates to your identity. Identities Most cryptocurrencies are pseudonymous, meaning that they are not totally...
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Trump’s Remarks on Bitcoin Sparks a Crypto Debate Amongst Politicians
By:
Nate Urbas
24 July 2019
Donald Trump has become the first sitting US President to mention Bitcoin by name, an amazing feat given that the “magical, internet money” is just over ten years old, sparking a cryptocurrency debate amongst American politicians. President Trump is “Not a Fan of Bitcoin” While the US President’s remarks were negative, as the saying goes any publicity is good publicity. Trump wrote on Twitter, “I am not a fan of Bitcoin and other cryptocurrencies, which are not...
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Facebook Touts Libra as a Cryptocurrency, But is it Really a Competitor to Bitcoin?
By:
Nate Urbas
27 June 2019
On June 18, 2019 Facebook Inc. announced its own digital currency, called Libra. The announcement comes after months of speculation that one of the big tech firms would make a big move into cryptocurrency and the blockchain sector. Due to launch in 2020, Facebook touts Libra as a cryptocurrency and as an alternative to bitcoin. We look under the hood to see how the Libra digital currency works, why Libra is so controversial and whether it is a...
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What you Need to Know About Privacy Coins in 2019
By:
Nate Urbas
20 June 2019
Bitcoin’s lack of fungibility has led to the emergence of so-called “privacy coins” which allows users to make private transactions. While the open, transparent blockchain ledger of Bitcoin is one of its main strengths, it is simultaneously one of its biggest weaknesses. Transactions can be blacklisted, coins become tainted by past criminal use, and the rise of blockchain analytics means that bitcoin users are now tracked more than ever. In this article, we will give an overview of the...
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What is Bitcoin’s Halving and Why does it Affect the Price of Bitcoin?
By:
Nate Urbas
11 June 2019
Just after 01:00 on May 22, 2020, Bitcoin will undergo its third block reward halving. But what does the term ‘Bitcoin halving’ actually mean? How does it affect the price of bitcoin? And how you can prepare for it? How does it apply to other cryptocurrencies? We explain the answers. What is the Bitcoin block reward halving? Bitcoin is decentralized, meaning there is no central authority issuing the cryptocurrency, unlike fiat currencies such as the US Dollar...
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