Blockchain

VisaNet can process more than 65,000 tps (transactions per second). By comparison, Bitcoin (BTC) can only process ~5 tps. Therefore, Bitcoin (and other cryptocurrencies by proxy) are inherently too slow for practical use. Before you buy into this apples-to-oranges comparison, let's define the word "process." With a little more clarity, you will be better able to frame your thoughts about centralized (VisaNet) versus decentralized (Proof of Work) crypto transactions. Continue Reading →

Key Russian figures and financial institutions have been placed on a U.S. sanctions list, and key Russian banks have been removed from the SWIFT interbank system. As a result, the value of a Russian ruble has plunged, which raises the question: can crypto be used by Russia to avoid sanctions? Continue Reading →

The U.S. Treasury's Office of Foreign Assets Control is set to issue new rules to restrict financial transactions to enforce existing sanctions against Russia. The rules, dubbed the Russian Harmful Foreign Activities Sanctions Regulations, take aim at “deceptive or structured transactions or dealings to circumvent any United States sanctions, including through the use of digital currencies or assets or the use of physical assets.” Continue Reading →

Should crypto exchanges freeze Russian accounts? Continue Reading →

First, my heart goes out to the people of the Ukraine and to the innocent victims of Russia's brutal attack. The people of Ukraine are fighting for their lives. Hopefully, the international community will figure out a way to get Russia to stand down. Continue Reading →

Mark Zuckerberg wants to build an AI universal translator for Meta: "This is going to be especially important when people begin teleporting across virtual worlds and experiencing things with people from different backgrounds.” He's right, of course. Continue Reading →

Solana-based NFT marketplace Neon soft-launched the first NFT vending machine (located at 29 John St in Manhattan) back in December. Now, the vending machine is open 24 hours a day and allows collectors to buy Solana NFTs with a credit card. Continue Reading →

This past Saturday, hackers socially engineered approximately 32 OpenSea users into signing incomplete contracts and stole 254 NFTs. Although it was a phishing attack, it caused a bit of a panic.  Continue Reading →

U.S. senators on Wednesday introduced legislation requiring the State Department to write a report on El Salvador's Bitcoin Law and develop a plan to "mitigate potential risks to the U.S. financial system." Continue Reading →

Wondering about what a "51% attack" is? When the mining power for a decentralized blockchain network becomes too concentrated (centralized), miners with bad intentions can overturn blockchain transactions and double-spend participants' crypto. Continue Reading →