Via LLRX – What is proof-of-stake? A computer scientist explains a new way to make cryptocurrencies, NFTs and metaverse transactions – Prof. Scott Ruoti, briefs us on yet another new component in Digital Ledger Technology. Proof-of-stake is a mechanism for achieving consensus on a blockchain. Blockchain is a technology that records transactions that can’t be deleted or… Continue Reading
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Category Archives: Cryptocurrency
Pete Recommends – Weekly highlights on cyber security issues, September 24, 2022
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, September 24, 2022 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly… Continue Reading
The Financial Stability Implications of Digital Assets
Federal Reserve Board, August 2022. The Financial Stability Implications of Digital Assets Pablo D. Azar, Garth Baughman, Francesca Carapella, Jacob Gerszten, Arazi Lubis, JP Perez-Sangimino, David E. Rappoport, Chiara Scotti, Nathan Swem, Alexandros Vardoulakis, Aurite Werman – “The value of assets in the digital ecosystem has grown rapidly, amid periods of high volatility. Does the… Continue Reading
Government reports on digital assets responsive to Biden’s Executive Order on crypto
Follow-up to September 16, 2022 White House Framework on Regulating Cryptocurrency, please see the following documents related to the directive re Ensuring Responsible Development of Digital Assets: September 16, 2022 – “The White House Office of Science and Technology Policy (OSTP) is publishing its report, Technical Evaluation for a U.S. Central Bank Digital Currency System,… Continue Reading
White House Framework on Regulating Cryptocurrency
FACT SHEET: White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets – September 16, 2022 – Following the President’s Executive Order, New Reports Outline Recommendations to Protect Consumers, Investors, Businesses, Financial Stability, National Security, and the Environment – The digital assets market has grown significantly in recent years. Millions of people globally, including… Continue Reading
U.S. bank regulator warns of crisis risk from fintech proliferation
Reuters: “The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday. “I believe fintechs and big techs are having a large impact and warrant much more of our attention,” Hsu… Continue Reading
More Than Half Of All Bitcoin Trades Are Fake
Forbes Digital Assests – “A new Forbes analysis of 157 crypto exchanges finds that 51% of the daily bitcoin trading volume being reported is likely bogus. Within the emerging and turbulent market for cryptocurrencies, where there are no fewer than 10,000 tokens, bitcoin, is the great granddaddy, the blue-chip, representing 40% of the $1 trillion… Continue Reading
10 blockchain startups to watch
VentureBeat: “While many industries have seen a decline in venture capital investment, the blockchain space has continued to enjoy funding. Blockchain startups have found strength in the rise of NFT use cases alongside the convergence of blockchain and other emerging technologies like 5G, augmented reality (AR), virtual reality (VR) and artificial intelligence (AI). Gartner predicts… Continue Reading
Insider Trading in Cryptocurrency Markets
Félez-Viñas, Ester and Johnson, Luke and Putnins, Talis J., Insider Trading in Cryptocurrency Markets (August 8, 2022). Available at SSRN: https://ssrn.com/abstract=4184367 or http://dx.doi.org/10.2139/ssrn.4184367 “We find evidence of systematic insider trading in cryptocurrency markets, where individuals use private information to buy coins prior to exchange listing announcements. Our analysis shows significant price run-ups before official listing… Continue Reading
Top 100 Public Companies Investing in Blockchain & Crypto Companies
Blockdata Research: “Recently, we analyzed the top 100 banks investing in blockchain/crypto (by assets under management, AUM) to understand the key use cases they’re backing and what new banks have entered the space over the last 10 months. We also revisited the blockchain investment activity of the top 100 public companies (by market capitalization) to… Continue Reading
Non-Fungible Tokens (NFTs)
CRS Report – Non-Fungible Tokens (NFTs), July 20, 2022 [24 pages]: “Non-fungible tokens (NFTs) have become popular as unique and non-interchangeable units of data that signify ownership of associated digital items, such as images, music, or videos. Token “ownership” is recorded and tracked on a blockchain (a digital database that records data on a decentralized… Continue Reading
Cryptomining Capacity in U.S. Rivals Energy Use of Houston, Findings Show
The New York Times: “…Earlier this year, a group of congressional Democrats launched an investigation into energy use at the country’s largest cryptomining companies. They asked seven cryptomining companies for data on their operations, and the group’s findings, issued Friday, are based on the companies’ responses. That data showed that the seven companies alone had… Continue Reading
