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Critical Bitcoin Security Tips With Trezor CEO: The Importance of Self Custody (Podcast)
We sit down with Trezor’s CEO to discuss the challenges of self-custody and its best practices, as well as chat on where we are at in the current cycle and what may rest ahead.
Taking care of your own crypto through self-custody is the epitome of the industry and has been its fundamental proposition ever since Bitcoin was first introduced to the world.
Not your keys, not your Bitcoin.
That’s a saying anyone who’s been in the industry for more than a few weeks has heard, and it’s powerful for a reason. Crypto provides us with a means of taking full control over our funds without the necessity of using centralized third parties.
But make no mistake—self-custody does come with certain intricacies, challenges, and even risks. In this critical process, hardware wallets take center stage. That said, in today’s episode, we have Matej Zak, the CEO of Trezor, the manufacturer of the world’s first hardware wallet. Read More
Proofworks launches to unlock a new era of digital transformation in the spirits industry
London-based Proofworks has been launched with a proprietary SaaS solution to digitalise the entire spirits supply chain, from production, maturation and bottling, to customer engagement and digital ownership.
Combining user-friendly solutions with the latest in powerful Web3 technologies, the Proofworks platform aims to surface previously unseen data and insights, allowing for optimisation and transparency at every stage of the product journey.
This is a key time for the spirits industry, as visibility of channel inventory becomes critical with category growth changes, and as increasing costs and supply chain disruption drive the need for greater efficiency. We’re also seeing changing consumer behaviours with an increased desire to connect in new, authentic and more meaningful ways.
Proofworks wants to enable the connectivity of distilleries and warehouses through technologies such as NFC, RFID, QR codes and smart sensors. All this data is stored securely on blockchain and made accessible via the Proofworks platform. Read More
Will Vitalik Buterin’s Gas Fee Proposal Make Ethereum More Like Solana?
The Ethereum co-founder is proposing some significant changes to the network’s gas fee structure. Would it make it more like its chief competitor?
Ethereum could use a much better system for charging transaction fees from its users, the network's chief architect Vitalik Buterin argued in a widely circulated essay published Thursday.
Buterin's post, which laid out a path toward a more customized and equitable system, immediately garnered reactions from two principal groups: Ethereum users, who expressed their excitement at the prospect of lower fees on the network’s costly mainnet; and Solana users and developers, who noticed that Buterin's proposal sounded an awful lot like the Solana network's own fee model.
“It’s certainly a Solana-esque approach,” Mert Mumtaz, a prominent Solana builder and the co-founder and CEO of infrastructure startup Helius Labs, told Decrypt.
So just how similar is Buterin’s “multidimensional gas fees” proposal to Solana's "local fee markets"? Read More
From Financial To Physical. The Next Big Thing In Crypto - DePIN
Recently, there has been significant interest in decentralized physical infrastructure, also known as DePIN, within the crypto space. People are curious about the potential of this niche and which specific projects within it are worth noting. The latest detailed study, titled State of DePIN 2023 by Messari, aims to provide insights into these questions. This summary will highlight key findings from the report and discuss their potential impact on the cryptocurrency market.
What Is DePIN?
The report commences with a concise delineation of DePIN, an acronym for decentralized physical infrastructure. It encompasses a cluster of ventures that employ cryptocurrency-based incentives to foster a range of physical infrastructure. These initiatives span from decentralized Wi-Fi systems, decentralized computing clouds, decentralized cloud storage solutions, and decentralized mobile networks to other similar endeavors. A salient feature that sets most DePIN projects apart, in addition to their crypto-based incentives, is the accessibility for individuals to contribute, provided they possess the requisite hardware. Read More
What is cryptocurrency insurance, and how does it work?
Cryptocurrency insurance acts as a safety net for various stakeholders in the digital asset market, including individuals, companies and institutional investors.
The purpose of cryptocurrency insurance, also known as digital asset insurance or crypto coverage, is to reduce the risks involved in trading, storing or possessing cryptocurrencies and other digital assets.
Individuals, companies and institutional investors are financially protected against losses brought on by a variety of incidents, such as theft, hacking, fraud, operational mistakes and legal actions, with cryptocurrency insurance.
Traditional insurance solutions frequently fall short of providing adequate coverage given the particular risks connected with cryptocurrencies, such as scams and regulatory difficulties. By providing specialized solutions made especially for the ecosystem of digital assets, cryptocurrency insurance fills this gap. Read More
Blockchain adoption in healthcare faces serious obstacles in Germany
Blockchain technology could enhance healthcare digitalization, but privacy concerns are hampering adoption.
Blockchain technology has expanded beyond cryptocurrency and is now used in a number of applications, including decentralized databases, which can prevent counterfeiting through transparency and security.
This ability to secure data is particularly valuable to the healthcare sector, where blockchain tech can secure data, enhance data integrity and empower patients to control their data more effectively.
It can also improve transparency in supply chains and verify the authenticity of medicine. Additionally, blockchain aids in healthcare identification and has the potential to enhance biomedical research by simplifying data storage and exchange. Read More
Crypto Teams May Exit Space Due to Ethereum Security Classification, Amina Bank Report Suggests
According to Amina Bank, designating ethereum (ETH) as a security “would pose significant risks to the entire cryptocurrency and decentralized finance (defi) ecosystem.” Such a designation could result in defi platforms that allow users to leverage the cryptocurrency asset being deemed “unregistered securities brokers.” Furthermore, cryptocurrency exchanges intending to list ETH would be required to register with the U.S. Securities and Exchange Commission (SEC).
However, in its latest Crypto Market Monitor report, the Swiss-based banking group said the operational complexities resulting from such a designation would force “most teams in crypto to exit the space.” The report also warned that if the SEC were to proceed to declare ETH a security, protocols using the proof-of-stake (PoS) consensus may be forced to return to a proof-of-work (PoW) consensus.
“Gensler has suggested that such PoS chains, rewarding users for locking up their coins, resemble investment contracts and could be deemed securities, without specifically mentioning ETH. Given that most major blockchains, apart from PoW Bitcoin, work on PoS like Ethereum, regulators might extend similar classifications to them,” the report stated. Read More
What Is Altcoin Season? When Will It Start? Or Is It Already Here?
Altcoin season, a term on the lips of many cryptocurrency enthusiasts since Bitcoin's recent surge to unprecedented heights, is a phenomenon many have eagerly anticipated. However, despite this anticipation, only a select few coins and tokens, along with many meme coins, have experienced substantial growth. This has led to speculation that altcoin season may never arrive, as funds flowing into spot Bitcoin ETFs may not be redirected towards the broader cryptocurrency market. But is this the full story?
With the invaluable insights of some highly credible crypto experts, this article takes a deep dive into the current state of the cryptocurrency market. It focuses on the 'altcoin season' concept and its potential impact on market trends. The article explores why altcoin season has yet to occur and predicts when it may begin. It also offers insights on how to recognize its onset. Additionally, the article highlights the types of alternative cryptocurrencies (altcoins) that may be worth watching during this period. Read More
An in-depth guide to Multi-Signature Smart Contracts
A comprehensive tutorial on how to write multi-signature smart contracts for secure, multi-user access to digital assets.
As the world of blockchain and cryptocurrencies continues to expand, the need for secure, multi-user access to digital assets is becoming increasingly important. One solution to this issue is the use of multi-signature (multi-sig) smart contracts. The Sui Blog recently published a comprehensive tutorial on how to write these contracts, enabling secure accounts that can be accessed by multiple people.
Multi-signature wallets and accounts let multiple people access their assets based on specific parameters. This could include a decentralized autonomous organization's (DAO) communal treasury or a group's shared assets. The wallet might require a percentage of the members to sign a transaction before any assets can be moved.
These smart contracts open up a world of possible uses, including creating game components and commerce apps that can only be unlocked by multiple users. Requiring a quorum of users, or setting other unlock conditions, keeps digital assets secure from a single rogue user raiding an account. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
