Is Bitcoin Really Totally Anonymous?

In the great ecosystem of cryptocurrencies, the issue of transaction privacy is always mentioned, but the only positive thing is that due to the proliferation of computer criminals and/or spies, many now understand the importance of privacy and they hire encrypted computers for information and voice communications. One of the key objectives of regulation is protection. That is why exchanges such as Binance or Coinbase ask their employees for identification before using or selling them. Stablecoins are digital currencies backed by hundreds of reserve assets, it can be fiat money (currency in circulation), very precious metals (gold, silver or crude oil), or simply protected by an algorithm, with the intention of maintaining its value. stable. Today, they set a trend in the great investment market, since they are an alternative that seduces due to the demand for dollars. Users can invest their cryptocurrencies in tablecoins for a return or staking for a high return, although this carries a very high level of risk.

Do not be afraid, because, although the universe of virtual currencies is one of the most difficult to anticipate, it is impossible to resort to hundreds of methods that do not have the necessary premise of the great investor Warren Buffett, who spoke of making money while we are asleep.

Many companies see cryptocurrencies as a form of long-term investment. Others want their value to decrease. In this very conventional way, the more companies sell a virtual currency and the more successful investors there are in the stock market, the higher its value will be, it is the law of supply and demand. Users could invest their cryptocurrencies in stablecoins to own a return or in staking with a high return, although this carries a very high level of risk.

It is difficult to say what can be considered a good return on investment in cryptocurrencies because the risk is very high. For example, while Ethereum has seen its value multiplied by more than 670 thousand times, too many projects in the sector have never come to fruition and have seen its value reach 0. If this time we have or make a comparison with various functions of stock investments that can exceed values ​​that are above 18%, then cryptocurrencies have to be a little more than that rate. However, the volatility and risk in the digital asset market is slightly higher, suggesting a lower average return.

Let's assume that to use the term "Bitcoin maximalism". The term was invented by Vitalik Buterin. Only one conclusion can be drawn from this statement: bitcoin (BTC) is the ultimate cryptocurrency! According to this idea, only BTC will be needed in the future, and all other cryptocurrencies will become obsolete. Regardless of one's opinion on bitcoin (BTC), the co-founder of the Ethereum blockchain considers it to be superior to all other cryptocurrencies in terms of functionality. Furthermore, he predicts that the value of ETH will rise at the same rate as Bitcoin. Specifically, Vitalik Buterin states in his blog that "maximalism is not limited to bitcoin (BTC)".

Schulman predicts that, in a period of five to ten years, more and more changes will take place in the global financial system, even more than we have witnessed in the last two decades: “credit cards will disappear as a form of payment and will be used more mobile devices because they add so much more value,” Schulman told Time.

These latest statements come as Schulman's company is accelerating its leap into cryptocurrencies, as PayPal recently launched its peer-to-peer mobile payment application called Venmo that has allowed users to buy and sell bitcoin (BTC) and other cryptocurrencies. Also, last month, this company allowed its users to pay with crypto, hoping that the measure "significantly expands the usefulness of cryptocurrency."

When asked about the payment methods that are likely to dominate the mobile market in the future, the CEO of PayPal, predicted that there could be between six and ten superapps that will ensure a large customer base around the world, serving as intermediaries to other apps: “You won't have 50 apps on your phone, because you can't remember 50 usernames and passwords. You also don't want to put your financial information on every single app because you just can't remember the (navigation) system.

This project was developed and supported by the American company Larva Labs hand in hand with its creator parents, Canadian developers John Watkinson and Matt Hall, who were inspired by 1970s London and the burgeoning cyberpunk movement with William Gibson and his novel Neuromancer, as well as Daft Punk musicians Johnny Mnemonic and Blade Runner1. This boring monkey project was developed by the company by the Yuga Labs company, and also has a collection of 10 thousand pieces or images on the Ethereum blockchain.

These NFTs are a kind of deed of ownership or certificate of authenticity that makes it possible for their users to prove that they have the unique version of the piece. If we talk about the volume of operations, the Bored Ape Yacht Club collection is the second after the CryptoPunks, but if we consider that the latter have been on the market for 4 years and the apes have only existed since April 2021, their growth has been very rapid.

Zabu Finance, which describes itself as a full-stack DeFi station on Avalanche, explained that the hacker interacted with the contract to mine 4.5 billion ZABU tokens to accumulate tokens from liquidity providers on other farms in DEXes. Avalanche Pangolin and Trader Joe. Later, they were sold while the hacker made off with the loot. The attacker violated the “Transfer Tax” mechanism of the protocol to mint tokens causing the price to collapse. The attacker manipulated a vulnerability in the contract used by yield farms to distribute rewards. Security company PeckShield commented that "the same failure has happened many times before." It will distribute ZABU v2 tokens to those affected and will restart the farm as v2 with a pool of Zabu v1 stakes for those who entered after the hack: “In this way, the people who lost money before the hack will receive the distribution of the tokens, and they will continue supporting the protocol if they wish. For the late buyer (post-hack), they can also participate in the V2 Farm by staking what they have purchased on a Zabu V1 stake pool.”