Cryptolinks Cryptocurrency News Blog
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...
Read More
How Different is Bitcoin from 2017?
By:
Nate Urbas
23 May 2019
Volatility has reentered the price of bitcoin but how different is the network from when the price surged in 2017? We break down the metrics that quantify how strong the bitcoin network actually is. Quick take; The price of bitcoin is starting to increase at a pace similar to what was observed in 2017 The Bitcoin network today is far more secure than the one in 2017 with more hash rate and a greater distribution of hash rate in...
Read More
Binance Consider Reorg After $40 Million Hack… Does it Make Sense?
By:
Nate Urbas
14 May 2019
Quick Take: Debate and discussion are sparked after Binance consider reorganizing the Bitcoin blockchain to recover funds stolen from a hacker A number of analysts break down the incentives behind executing a reorg and the feasibility that one could be successfully pulled off The users are noted to play an important role in incentivising miners not to coordinate a reorg The largest exchange by average daily trading volume, Binance, has been hacked for the equivalent of $40 million. The...
Read More
Tether Reserves in Question and Bitfinex to Complete IEO Amid Major Lawsuit
By:
Nate Urbas
8 May 2019
Key takeaways: Tether has a long and tumultuous history with questions over their funds being raised for several years The New York Attorney Generals Office (NYAG) is now suing the company behind both Tether and Bitfinex with evidence that Bitfinex lost access to $850 million of depositors money Bitfinex is issuing an IEO to raise funds to cover the $850 million in funds which it turns out to have been frozen by a number of governments while in the control...
Read More
Will China Ban Cryptocurrency Mining?
By:
Nate Urbas
1 May 2019
A government body in China has put forward a proposal to ban cryptocurrency mining. With the proposal currently open for public comment, we analyze the likely reasons for the proposal and the impact, it would likely have if it goes through. Key Takeaways: ● China’s NDRC is considering banning cryptocurrency mining ● With 60% of bitcoin mining estimated to be taking place in China, such a ban would likely result in a drastic drop in hash rate ● There...
Read More
Will IEOs Match the ICO Craze? ICO Vs IEO
By:
Nate Urbas
27 April 2019
The decentralized fundraising flame is being rekindled as the latest niche of fundraising through blockchain technology is introduced. TLDR; IEOs are fundamentally very similar to ICOs We are seeing a number of exchanges dedicate divisions to launching IEOs Although IEOs provide increased protection against some of the more nefarious projects, there are still high amounts of risks associated with such token sales The latest trend to take up in the wild world of cryptocurrency businesses is a new fundraising...
Read More
Are Privacy and Fungibility the Biggest Threats to Bitcoin?
By:
Nate Urbas
22 April 2019
Privacy Protocols, Fungibility Threats, and Open-Source Solutions Key Takeaways: A lack of fungibility in the future may be the biggest threat to Bitcoin Code has been developed by Blockstream to integrate greater user privacy into the Bitcoin protocol and improving the fungibility of the cryptocurrency There are a number of blockchain alternatives that have privacy-focused technology integrated into the base layer of the protocol “The concern already exists, although it has yet to translate into a broad market...
Read More
The Battle to Become the Leading Decentralized Platform
By:
Nate Urbas
16 April 2019
When the idea for Ethereum was proposed in 2014, it put forward an idea that was vastly different than any of the blockchain projects which had been put forward before. The Ethereum network would create not only decentralized programmable money but a platform that made it easy for developers to build decentralized applications and smart contracts on top of. Fast forward four years later and ether, the cryptocurrency of the Ethereum network, rose to become the largest altcoin by...
Read More
The State of Stablecoins in the Crypto Industry
By:
Nate Urbas
12 April 2019
TLDR; Stablecoins are becoming an increasingly important part of the crypto market There are several types of stablecoins that can be launched in either a centralized or decentralized manner The larger number of stablecoins may be driving increased amounts of correlation among top crypto assets Stablecoins are mostly being used for speculation but can also be used to transfer value Over the past year, we have seen stablecoins become an increasingly prominent part of the crypto industry. We have...
Read More
Can Cryptocurrencies Counter Surveillance Capitalism?
By:
Nate Urbas
9 April 2019
“Will we be the masters of information, or will we be its slaves?” Shoshana Zuboff, Pioneer of the study of the surveillance capitalism The term “surveillance capitalism” has been causing a stir recently. Amber Baldet delved into the topic on Peter McCormack’s What Bitcoin Did podcast while Shoshana Zuboff recently published a book titled “The age of surveillance capitalism”. But what even is surveillance capitalism and how do cryptocurrencies tie in with this idea? In this latest Cryptolinks post, we...
Read More