A traditional Ethereum
ETH
wallet is called an Externally Owned Account (EOA) and it is what you use with MetaMask for example. As a result, your Ethereum account is uniquely derived from the cryptographic key pair that signs on its behalf.
Account Abstraction (AA) is the process of separating signing keys from the accounts for which they sign. Developers can use this separation to shape their UX and abstract technical details from the...
Last week, the International Monetary Fund and the Financial Stability Board published a joint report advising against implementing blanket bans on crypto-asset activities. Instead, they recommend comprehensive regulations and targeted restrictions to mitigate the associated risks. The news comes at a time when crypto is making significant regulatory strides, including a recent court victory for Grayscale vs. the Securities and Exchange Commi...
Developments in Artificial Intelligence (AI) over the last year have shifted public perception of how this technology could impact the future of traditionally human-held jobs. Given the meteoric rise of new and powerful AI tools like ChatGPT and Midjourney, many have expressed concerns surrounding the future of careers in writing, digital art, and many other fields.
Some of these fears may be merited, but there are a lot of nuances that many...
I caught up with Andy Yen, the founder and CEO of Proton, this year at the Collision Conference in Toronto to discuss his views on bitcoin, encryption, and what trends will affect both technologies long-term. The following is an excerpt of that interview, though it’s been copy-edited for clarity, and some parts of the interview have been rearranged.
Did PayPal’s censure of your initial crowdfunding campaign lead you to accept Bitcoin and ado...
Against all odds, despite a market downturn, the FTX scandal, regulatory freezes, and more, there’s a renewed sense of optimism in the blockchain sector due, in large part, to the rise of tokenized traditional financial assets.
It helps significantly that major web2 organizations are getting in on the action. From financial institutions and corporate borrowers jumping into the world of bond tokenization to asset managers following suit by to...
In today’s connected world, it has never been more important to safeguard your digital assets from malicious actors and fraudulent counterparties.
According to the blockchain analytics company Chainalysis, 2022 was the biggest year ever for digital asset hacks, leading to the tune of $3.8 billion in thefts. Unfortunately, lessons were not learned, and poor cybersecurity controls and bad practices have again resulted in the loss of hundreds o...
Artificial intelligence (AI) has been the buzzword of the year, but investors are now looking beyond foundational technologies like ChatGPT to identify how companies in other industries could benefit from applying the concept.
Dozens of influential investors and business leaders converged on Pier 60 in Manhattan for the second annual Forbes Iconoclast Summit on June 12 to discuss how they’re adjusting their portfolios and steering their comp...
The outlook for Coinbase’s
COIN
Q2 results, set to be delivered after the market closes, is grim.
The cryptocurrency exchange has seen its stock price nearly double since early June after a federal judge delivered a partial win to Ripple Labs in its legal battle with the Securities and Exchange Commission and several high-profile firms including BlackRock
BLK
and Fidelity filed paperwork to launch spot bitcoin exchange-traded funds. ...
Unlike traditional assets however, bitcoin can easily be transferred in a peer-to-peer fashion, like the digital version of handing someone a paper dollar. There are two ways of holding bitcoin; custodial and non-custodial.
Custodial options are typically easier. However, individuals may be sacrificing privacy and add counterparty risk by trusting entities to properly secure the private keys that allow for the movement of their bitcoin. In ...
What Happened
The SEC will now have to at least consider the plan by Grayscale, the world’s largest digital asset manager to convert its $16 billion Grayscale Bitcoin Trust into an exchange-traded fund, which it rejected out of hand for being based on spot-market prices.
That translated to a 7% daily gain for bitcoin and increased the chances that the premier cryptocurrency would find a much larger market. But the euphoric reaction was not e...
