Digital Identity for Bitcoin: Can Governments Track Down Your Private Wallets? | Curated CoinCodeCap #20 March 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
Our Blockshots Podcast 🎙️🎤
This week we speak to Rahul S., the CTO of Connext network, a protocol building primitives for blockchain interoperability. We discuss cross-chain bridges, multi-chain dapps and the UX challenges of current bridging solutions.
Curve Might Introduce the Newly Developed Fundraising Gauge
The Curve community initiated a vote. The vote is on a proposal to introduce a new “FundRaising Gauge”. At the time of writing, 95% were for the support and 5% were against it. It will enable a more efficient financing model. Keep Reading »
Digital Treasures Center Gets In-Principle Approval for Digital Payment Token Services
The Monetary Authority of Singapore (MAS) has conceded an in-principle approval to Digital Treasures Center (DTC) along with Coinhako, Hodlnaut, and Paxos. The company will now be able to provide fiat-to-crypto pairing. It was possible as Digital Treasures Center has been offered a license under the Payment Services Act. Keep Reading »
Money Laundering Danger Associated with Cryptocurrencies
Bitcoin was the first blockchain cryptocurrency to gain significant value. As a result, Bitcoin is becoming more widely accepted as a medium of exchange for products, services, and currency. Bitcoin transactions are recorded on a decentralised public ledger and validated with significant computational power. Keep Reading »
Digital Identity for Bitcoin: Can Governments Track Down Your Private Wallets?
Blockchain has progressed tremendously from its inception as a distributed ledger system for tracking bitcoin holdings. This technology can potentially replace existing identity management systems with a highly reliable mechanism. Keep Reading »
Is Bitcoin’s PoW Cause of Climate Change or a Driving Force of Clean Energy?
The original consensus algorithm in a blockchain network is Proof of Work (PoW). The algorithm confirms the transaction and adds another block to the chain. Minors compete against each other to accomplish the network transaction in this method. The miner is credited as soon as they successfully construct a valid block. Keep Reading »
Market Updates
Bitcoin On-Chain analysis 12 March to 19 March 2022
On-Chain Analytics and Derivatives from a pure price structure standpoint, Bitcoin has now been consolidating for roughly 2 months now. From an on-chain perspective, this is visualized by URPD, which is very similar to traditional volume. The only difference is that this shows you the amount of Bitcoin’s money supply that has last moved at each denominated price level, making it more dynamic. Keep Reading »
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