Articles on Blockchains and Crypto Currencies
Tornado Cash is an open-source project that enables people to shield their transaction histories from public view. The U.S. government alleges it is also a service that was used to launder more than $7 billion worth of ill-gotten gains since 2019, including by North Korean hackers. Although Tornado is now blacklisted, the government cannot actually … Read more
NZ is looking to introduce open banking legislation to formalise how interoperability between banking systems and other external service providers e.g. shopping carts, payment gateways, accounting systems, company registries, lay buy services etc. works.
MEV stands for “Miner Extractable Value” or “Maximal Extractable Value”. It refers to the process of extracting value from Ethereum users by reordering, inserting, and censoring transactions within blocks. To date more than USD 606 Million in value has been extracted from users by bots frontrunning transactions, exploiting the slippage users allow in a trade. The term “MEV” … Read more
A contrepreneur is, a con artist who makes their fortune by fooling wantprepreneurs into thinking they’re getting a great deal or coming into some easy money, when the reality is, it’s the contrepreneur making the real money. They can usually be found online on Facebook, YouTube, Instagram etc. selling their get rich quick schemes typically via courses.
NZDS is a New Zealand Dollar (NZD) Stable Coin backed 1:1 with physical New Zealand Dollars in a cash and cash equivalent treasury managed by a New Zealand registered financial services provider. The crypto currency is issued by Techemynt (https://www.techemynt.com/) a New Zealand Registered Financial Service Provider.
Coin Demo has a living blockchain, a peer-to-peer network, and a user tour to visually guide users through how the blockchain works via their web application. Go check it out to get a deeper understanding of how blockchain technology works.
Markets tend to move in anticipation of something happening – this is known as the rumor. This leads to people buying up an asset thus driving up the price. When the event actually occurs – this is known as the news. During the news phase most people have already bought the asset.
DeFi reduces costs, improves transparency, is resistant to censorship, gets rid of the middlemen and the associated counter party risk. This is in direct contrast to Traditional Finance aka TradFi which is run by Banks, Wall Street and Central Banks who act as the middlemen and can manipulate financial rules to suit their own needs.
A blockchain oracle is a decentralized data services that connects smart contracts with the outside world primarily (e.g. weather data, Vessel data, stock market data etc.) to feed information in from the world, to the blockchain. Oracles also provide a way for blockchains to see into each other. This is known as interoperability, and is an important next step as well.
A limit order allows traders to purchase or sell a cryptocurrency at a specified price or better. That way you can automate the buying and selling without having to constantly watch price charts. A limit order will only be executed at the limit price, or a lower price when buying. On the flip side, a … Read more