tldr; Banks suck because of a history of structural issues and a lack of market incentives to improve. A new kind of bank, one that doesn’t rely on fees but rather investments is now possible because the Volker rule was changed on June 25th, 2020.
The top 15 US banks have a combined $12 trillion in assets and capturing a small percentage of the US banking sector would make a $100 billion-dollar company. Banking was created in the 11th century, and the first merchant banks didn’t have walls, they were just a table and a paper ledger set up in…
Tether’s Unfair Contract
Any contract that is published on Ethereum is publicly available on Etherscan and you can see exactly what its doing ‘under the hood’. Tether’s USD-pegged stable-coin has become the 3rd largest cryptocurrency on the planet. As a security analyst, I thought I would look at Tether’s ERC20 smart contract which holds together a 16 billion dollar market… And what I found was quite fishy. This has got to be one of the least fair contracts I have ever read, the smart aspect just makes things worse.
Did you know that each time Tether is traded a small…
Instant is bringing about a faster cryptocurrency. We are building from existing standards, and adapting them to the problems that face this ever changing world. With the explosion of DeFi, and new and emerging markets, Instant plans on bringing a more advanced coin to the Ethereum network to unlock more of its potential.
Follow us on Reddit:
