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Coinbase Launches Open Source Encryption

The library will help develop complex cryptographic techniques to meet the needs of the growing DeFi industry.

On Monday, Coinbase, the world’s fourth-largest cryptocurrency exchange by turnover, announced the creation of a new cryptography library, Kryptology, as a compendium of blockchain developer tools. This includes secure, audited, and easy-to-use APIs, as well as a repository of common issues and lessons learned throughout the history of cryptography.

Without encryption, cryptocurrencies like Bitcoin would be lines of digital code that anyone can copy/paste. It would be easily replicable and falsifiable, leading to big problems like spending double the money. Recent advances include Boneh-Lynn-Shacham, or BLS, companies that senders cannot deny the validity of their transactions, ensuring that their data is securely stored. Another recent adoption is the Shamir Secret Sharing, or SSS, algorithm. The SSS shares a secret security between several participants, called shareholders, who must work together to rebuild the secret. The setup is ideal for storing private keys that have access to decentralized finance, or DeFi, smart pools and contracts that lock a large amount of money.

Then there are zero knowledge tests, ensuring that encrypted messages can be transmitted and validated without revealing underlying personal data, making them ideal for use in complex DeFi applications. Finally, designing new elliptic curves, such as Pasta, could also potentially improve cryptographic portfolios.

One of the main areas of innovation in cryptography is privacy coins, which can allow users to avoid tracking blockchain forensic signatures and prevent outsiders from seeing the details of their transactions. Law enforcement agencies have rejected this technology because of its ability to promote illicit activities.

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77x Bitcoin – 77xbtc.com

77xbtc.com Investment Firm first entered the Bitcoin market in August 2011. At the time, the price for one Bitcoin was around $10 and there was a very small group of people who knew about it and its potential. It was not in the media and most investors that found out about it thought it would disappear. No one thought that an anonymous crypto-currency with no government or banks backing it could ever catch on. Not 77xbtc.com Investment Firm, we believed in Bitcoin back then and we still believe in it today.

77xbtc.com Investment Firm has developed an Bitcoin investment strategy that has been proven to provide the highest returns for our investors while keeping our fees relatively low. How our strategy works is when you invest with us your investment is added into a pool of Bitcoins from other investors with similar investment goals as you. We take that pool and trade it on open markets until the goal of each investor is met.

When that goal is met or the investment limit reached, we divide the pool back into parts and give the Bitcoins, plus the returns, back to the investors. How we keep our fees low is by treating our fees as an investor. Our fees have a flat rate that we convert into a negative Bitcoin amount and add to the pool. This way we can invest without worrying about fees because they have been already accounted for.

This is great for our investors because, the more people there are in the pool the lower our fee is. That allows the Bitcoins to be invested longer and more profits for our investors to be made. Also, one of the best things about us is that you never see the fees. Because we add the fees to the Bitcoin pool, we give you the returns with the fees already deducted. So when we say you will make a return of 7700%, we mean 7700%. Not 7700% minus our fees. We find this is the best way to keep our clients happy and keeps them coming back. Not to mention you make more money because of it.

With Bitcoin’s popularity and price increasing daily. There is no better time than the present to start investing. Our clients that invested with us a year ago have seen great returns and continue coming back. When you use the best investment firm, with highly qualified investors, using the most advanced tools, you only get one thing: The best Bitcoin investment options you’ll find anywhere. Click below to get investing today and let 77xbtc.com Investment Firm help you reach your financial goals.

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US Treasury Secretary Yellen says it has not been decided whether the Fed should issue digital currency

US Treasury Secretary Janet Yellen says she has not decided whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “there are also significant costs.”

Janet Yellen hasn’t decided whether the Fed should develop a digital dollar

Treasury Secretary Janet Yellen said Thursday during an interview at the Reuters Next conference that no opinion has been formed on whether the Federal Reserve should create a digital dollar.

She explained that the decision would require a broad consensus between Congress, the central bank and the White House. The Secretary of the Treasury believes that more study is needed on the advantages and disadvantages of having a central bank digital currency (CBDC) in the US, including its effects on the banking system. Yellen opined:

I see pros and cons in doing this. And my own opinion is not based on that.

According to the Atlantic Council’s Center for Geoeconomics, 87 countries (representing more than 90% of global GDP) are exploring a CBDC.

Federal Reserve Governor Lael Brainard has urged the Fed to urgently develop a digital dollar. She said in July that she cannot understand why the United States is not actively developing a digital currency for the central bank when China and other countries are. Brainard is President Joe Biden’s nominee for the position of Vice Chairman of the Federal Reserve.

Yellen, who was the 15th chairman of the Federal Reserve from 2014 to 2018, said the US central bank is expected to release a report detailing his work on a CBDC soon. She added that the Fed understands that consensus is needed to proceed.

However, the Treasury secretary said the question of whether the Fed should develop a digital currency for the central bank was not discussed “seriously” at the White House, explaining:

This is an important decision and needs consensus. There are some benefits, but also significant costs ... It can work to disintermediate the banking system. And, you know, we have to figure out the pros and cons. I still don't have a view.

Several Federal Reserve governors fail to see the benefits of the Fed issuing a digital dollar, including Governors Michelle Bowman, Randal Quarles and Christopher Waller. “I remain skeptical that a Federal Reserve CBDC would solve the significant problems facing the US payments system,” Waller said recently.

In September, Federal Reserve Chairman Jerome Powell shared an update on the progress of the digital dollar study. He insisted that the Fed is not behind other countries in the central bank’s digital currency (CBDC).

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Fidelity Canada Launches Cash Bitcoin ETFs and Mutual Funds

Fidelity Canada successfully launched its Bitcoin exchange-traded fund (ETF) as well as the Fidelity Advantage Bitcoin ETF (mutual fund) on December 2, becoming the first of them available in the country. The funds will be listed on the Toronto Stock Exchange (TSX) under the codes FBTC for the Canadian dollar and FBTC.U for the US dollar version.

Fidelity Canada Becomes Largest Asset Manager to Launch Bitcoin ETF

Having had enough of the US Securities and Exchange Commission (SEC) and the agency’s blatant refusal to approve a prominent Bitcoin ETF, Fidelity Investment Inc. migrated to Canada to pursue its ETF plans, and ultimately the business was successful.

In a statement released by the company on Thursday, Fidelity Canada’s senior vice president of products and marketing, Kelly Creelman, expressed the company’s satisfaction even though the Bitcoin ETFs and ETFs began trading on the same day.

Meanwhile, this official launch comes several months after Fidelity officials had a closed-door meeting with the United States Securities and Exchange Commission (SEC), seeking the green light to launch a similar product in the States. -United. However, to date, the SEC has not approved or, as has been seen in some cases, categorically rejected crypto ETFs. The reasons of the SEC mean that these products do not comply with the strict rules of mutual funds.

Meanwhile, also in November, Fidelity Canada was approved by regulators across the country to offer an institutional platform for bitcoin trading and custody.

Now, with over $ 4.2 trillion in assets managed by AUM, Fidelity Investments has perhaps become the largest asset manager to launch a Bitcoin exchange-traded fund (ETF).

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Bank of America sees huge opportunity in metaverse for the entire crypto ecosystem

The Bank of America strategist says the metaverse is a great opportunity where cryptocurrencies will be widely used as currencies. “I really think it’s a great opportunity,” he said.

Bank of America Metaverse Forecast

Bank of America strategist Haim Israel told Insider on Tuesday that the metaverse is a great opportunity for blockchain technology. Moreover, he hopes that the cryptocurrency will become popular.

Israel is the chief research officer at Bank of America and a global strategist. He is also Director of the Global Thematic Research Team at Bank of America Merrill Lynch. He detailed:

I really think this is a great opportunity ... You need the right platforms ... it will definitely be a great opportunity for this whole ecosystem.

The Bank of America strategist predicted that the metaverse is where “we’ll start using cryptocurrencies as currencies,” pointing out that this is where people will finally start to use cryptocurrencies extensively for money. transactions.

However, the research director believes that existing cryptocurrencies are likely to be too volatile for this purpose, hoping that certain types of stable currencies will dominate.

The Metaverse gained a lot of attention in October, when social media giant Facebook changed its name to Meta. Many real estate properties on the Decentraland virtual reality platform were recently sold for $ 2.4 million, and Republic Realm paid $ 4.3 million for a property in the metaverse The Sandbox on Tuesday.

The Bank of America strategist also predicted that traditional payments companies will be much more interested in cryptocurrencies if they are widely used in the metaverse. “I see a lot of collaboration between the two,” he said.

Earlier this month, global investment bank Morgan Stanley said the metaverse is the next big investment topic. Last week, Grayscale Investments released a report indicating that the Metaverse is potentially a $ 1 trillion business opportunity.