Cryptolinks Cryptocurrency News Blog
Banks Are Finding A Way Around Decentralization
By:
Nate Urbas
5 December 2019
To many, cryptocurrency remains the biggest threat to the traditional banking sector. This sentiment is borne out of the fact that crypto technology introduces a variety of functions that easily overrides the limitations of conventional financial systems. That said, the recent developments registered in the crypto space tells a different story. Crypto is fast becoming an important tool for banks looking to strengthen their grip on the global financial landscape. While this revelation completely contradicts the notion that brought crypto...
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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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Everything you need to know about Bitcoin Halving in 2020
By:
Nate Urbas
25 November 2019
Bitcoin, the world’s leading cryptocurrency in the world derives much of its value and appeal in scarcity. Unlike fiat currencies that can be printed and brought into circulation through a process known as quantitative easing, Bitcoin is a scarce commodity with a hard cap of 21 million coins. The scarcity of bitcoin requires a mechanism by which the bitcoins brought into circulation are controlled in order to maintain a perfect balance between supply and demand. Unlike fiat currency in which...
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China, The US, And Crypto: The Dawn of a New Financial Order
By:
Nate Urbas
14 November 2019
There are lots of conclusions to draw from China’s latest show of affinity for blockchain technology, and its immediate effect on the price of bitcoin. The same is true of the events that trailed President Donald Trump’s tweets addressing his perception of bitcoin, and its place in the American economy. It is safe to say that these two events connote important points in the ongoing crypto adoption narrative, and the roles economies are playing in its establishment. On one hand,...
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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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Blockchain Can Make Climate Action Work!
By:
Nate Urbas
30 October 2019
When Greta Thunberg went to the United Nations Climate Change Summit 2019 meeting, she was the smallest and youngest person in a room full of world leaders. By the end of her speech, she came off as the oldest person in a room full of world leaders. She was brushing off climate change skeptics for their talking points, and supporters for making empty promises. Her manner was level and unflinching. But her raw honesty around the message of climate change...
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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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