centralized

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Binance User Assets Hit $100 Billion - Should I Trust Them?

20 Mar 2024 1 minute read 1 comment Bfab

I recently saw some news that Binance now holds over $100 billion in user assets. That's a huge number, and it sounds pretty impressive. But honestly, it also makes me a little nervous. Here's the thing: while Binance says they hold all user funds at...

Cryptocurrencies and Custodial Wallets are Self-Contradictory

21 Nov 2023 2 minute read 13 comments Debesh Choudhury

Bitcoin was invented to get rid of centralization. When Bitcoin was invented, the sole purpose was decentralized peer-to-peer transfer of digital assets. The title says it all. "Bitcoin: A Peer-to-Peer Electronic Cash System." Source As of today...

Is Ethereum Quasi-Centralized?

11 Nov 2023 2 minute read 12 comments Debesh Choudhury

Are you surprised by my title? I was a little bit uneasy with the title. But I can't help asking this question about Ethereum. I will give reasons for writing such strong allegations against the second-ranking cryptocurrency in terms of market cap af...

StakeWise is to staking what CEXes are to exchanging: Destroying crypto's trust-free nature

4 May 2022 2 minute read 0 comments Kovichni

The first time I've heard of this SWISE thing was when I asked someone what the point was of holding 27 ETH and just barely miss the 32 ETH minimum which then enables you to stake it, and he then told me he was already staking about half of that on S...

Understanding Centralized versus Decentralized: The Red or Blue Pill

22 Apr 2022 5 minute read 0 comments TheeCryptoDoc

Starting out in the cryptocurrency space can be daunting. So many terms, acronyms, and layers to this space. Books have been written, blogs have been made, and YouTube channels have explained many things about cryptocurrency. Indicating that we are s...

Celsius CFO Arrested. How Trustworthy is Celsius? A quick fact check!

30 Nov 2021 4 minute read 1 comment BitcoinBaby

So there was some Celsius Fud this week and that made me wanna have a closer look into these guys. Because Not your keys----   What the FUD? So what was the FUD about, Yaron Shalem, the chief financial officer of cryptocurrency lending platform Cels...

Internet Computer in focus, strong project or clever rugpull?

22 Sep 2021 3 minute read 4 comments Austras

There are several factors that play an important role when coin's marketcap is decided. The tech, team, history, use cases and potential all play major roles. But what is most important? ICP saw a large price jump with its release and has been on a s...

Ripple in focus, the banks' bridge into crypto

6 Sep 2021 3 minute read 2 comments Austras

International payments have always been a pain and difficult to deal with. Sometimes it brings red tape and issues when money crosses international borders or currency. We're not alone with dealing with this, despite how you feel about them, banks ha...

Don't Trust Your Bank Too Much!

13 Aug 2021 4 minute read 2 comments Eybyoung

Did you know why Satoshi Nakamoto made Bitcoin? Because he has the vision to change the world financial system. He wants people to have freedom with their own money, to have full control of it without trusting any intermediaries such as banks and the...

Iran is attempting to Centralize and Regulate Crypto through new proposed bill

4 Jul 2021 2 minute read 0 comments Lukros76

As the title suggest, the Iranian government wants to centralize the decentralized... Iran is in a similar situation to China, attempting to substitute crypto with digital currencies, and obviously failing at it, as we can all imagine no one wants th...