Blogs

Below are blogs that I've written on topics covering blockchain technologies and cybersecurity. I look into how these technological advancements will change our lives today and what it means for all of us in the future.

Interested in possibly working together? Feel free to reach out via my contact page and let's chat!

Latest Crypto Exchange EDX, Launched by Major Players Fidelity, Schwab, Citadel Securities

Michael Paulyn

Nov 21, 2022
1 min

Latest Crypto Exchange EDX, Launched by Major Players Fidelity, Schwab, Citadel Securities

Several major financial players, including Charles Schwab (SCHW), Citadel Securities, and Fidelity Investments, announced the launch of their new crypto exchange known as EDX. This brand-new exchange is described as "a first-of-its-kind" using a design that offers a much safer, quicker, and more efficient experience for users when trading digital assets. The part that makes EDX genuinely unique is that it will be able to serve retail and institutional investors from several d

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In The News: Biden Releases New Guidelines Focused on Crypto

Michael Paulyn

Nov 19, 2022
1 min

In The News: Biden Releases New Guidelines Focused on Crypto

President Biden released brand new guidelines regarding trading cryptocurrencies within the United States. This newly published framework zones in on how to make it easier for crypto transactions to reduce cybercrime, which seems to be a growing trend in this space. Some recent reports suggest that the president is looking to propose to Congress to increase the penalties by sending unreported money. Along with that, the US government is looking to change some federal laws giv

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FTX, Second Largest Crypto Exchange, Files for Bankruptcy as CEO Steps Down

Michael Paulyn

Nov 14, 2022
2 min

FTX, Second Largest Crypto Exchange, Files for Bankruptcy as CEO Steps Down

Most recently, it's been in the news that FTX, the world's second-largest crypto exchange, is filing for bankruptcy amid allegations. Many news outlets state that the CEO, Sam Bankman-Fried, was responsible for mismanaging client funds and repurposing deposits into his other company Alameda Research. Reports surfacing that this chapter 11 bankruptcy by FTX will likely affect about 130 affiliated companies, and over 100,000 creditors will likely lose between $10 to $50 billion

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In The News: The United States CTFC Officially Charges Digitex Crypto Exchange

Michael Paulyn

Nov 12, 2022
1 min

In The News: The United States CTFC Officially Charges Digitex Crypto Exchange

The United States Commodity Futures Trading Commission (CTFC) recently announced that they had charged Digitex and its founders and CEO Adam Todd with several violations against the Commodity Exchange Act (CEA). The CTFC is accusing Todd of using a variety of corporate subsidiaries such as Digitex LLC, Digitex Ltd., Digitex Software Ltd., and Blockster Holdings Ltd. Corp., all of which were for the sole purpose of operating an illegal crypto derivative trading platform. The C

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MetaMask's Latest Beta Portfolio dApp to Has Access to Cryptos and NFTs

Michael Paulyn

Nov 7, 2022
1 min

MetaMask's Latest Beta Portfolio dApp to Has Access to Cryptos and NFTs

Some big announcements come out of MetaMask, with their latest beta portfolio dApp allowing users to view their NFTs and crypto simultaneously. The true beauty of this new update is that users can link their accounts and crypto investments through one interface. Currently, users can access this option as a web browser extension or on their mobile device. First, users must click the "portfolio" link on their browser's extension main page, which will provide a connection betwee

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The US Fed Increases Interest Rate Helping Drive the Bear Market

Michael Paulyn

Nov 5, 2022
1 min

The US Fed Increases Interest Rate Helping Drive the Bear Market

The United States Federal Reserve is working on increasing interest rates which is expected to be detrimental for pushing along the crypto bear market, making it for some investors a genuinely bitter pill to swallow. According to acclaimed market analyst Michael van de Poppe, "crypto is heavily skewed towards the outcome of the FOMC meeting on Wednesday, while indices are acting relatively calm. What's the best case? 1) DCA and have a longer perspective. 2) Wait until FOMC is

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In The News: The First US State, Colorado, Now Accepting Crypto as Tax Payments

Michael Paulyn

Oct 31, 2022
1 min

In The News: The First US State, Colorado, Now Accepting Crypto as Tax Payments

Colorado is officially the first US state to accept crypto for tax payments, pushing these digital currencies further into the mainstream. With this latest update, Governor Jared Polis says that Colorado’s looking to help push the state further into the digital sphere. Polis remarks that “as of right now, the state of Colorado is officially accepting cryptocurrencies as a payment option for all taxes. We've been talking about this for a while, and we said we would deliver by

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Everything You Need to Know About Bitcoin Mining

Michael Paulyn

Oct 29, 2022
1 min

Everything You Need to Know About Bitcoin Mining

The term bitcoin mining refers to the process where brand-new bitcoins are made and put into circulation. Along with that, bitcoin mining is how the network works to confirm the latest transactions, providing an essential service for the blockchain’s infrastructure maintenance and expansion. It’s important to note that this process is complex, expensive, and sporadic, much like a modern-day gold rush. The actual process of mining involves highly specialized hardware that’s re

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In The News: Celsius Might Have to Repay Customers Using Wrapped Assets

Michael Paulyn

Oct 24, 2022
1 min

In The News: Celsius Might Have to Repay Customers Using Wrapped Assets

Celsius Network executives have proposed a new proposal regarding how they can pay back customers. In this latest scenario, they're suggesting issuing a batch of new wrapped assets which can potentially be traded on other platforms. This update is all thanks to a freshly leaked recording from the most recent internal meetings. Tiffany Fong, a public figure, and Celsius customer, is accredited with posting many other leaked all-hands meeting recordings. In this latest update,

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Michael Paulyn

Oct 22, 2022
2 min

A Quick Guide on NFTs: Part 2

As more news comes out about prices rising and falling, almost like the tide, it can leave most of us with more questions than answers. There's no doubt that NFTs might be the most confusing thing in the blockchain space. In this blog, I will examine the differences between fungible and non-fungible assets and explain NFTs. All About NFTs The internet doesn't entirely operate the same way as the real world, making things tricky. In the physical world, when you purchase someth

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Everything You Need to Know About Blockchain Technology

Michael Paulyn

Oct 17, 2022
3 min

Everything You Need to Know About Blockchain Technology

As the world becomes increasingly obsessed with blockchain, have you stopped wondering how it works? Blockchain technology is changing the world as we know it right before our eyes, and it can be easy to get caught up in all the excitement. But what is blockchain technology, exactly? If you're curious, read and let me guide you in the fantastic tech world. All About Blockchain Technology Blockchain technology is an electronic database to record information spread across many

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Michael Paulyn

Oct 15, 2022
2 min

A Quick Guide on NFTs: Part 1

There's no doubt that NFTs might be the most confusing thing in the blockchain space. As more news comes out about prices rising and falling, almost like the tide, it can leave most of us with more questions than answers. In this blog, I will examine the differences between fungible and non-fungible assets and explain NFTs. Fungible vs. Non-Fungible Assets When it comes to NFTs, there are some key terms and concepts that need further clarification before moving forward. Below

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Michael Paulyn

Oct 10, 2022
1 min

Part 4: What Is Proof-of-Stake (PoS)?

What Is Proof-of-Stake vs. Proof-of-Work? The difference between Proof-of-Stake (PoS) vs. Proof-of-Work (PoW) is that PoS applies a random assortment of validators to confirm each transaction, creating new blocks. At the same time, PoW uses what's known as a "competitive" method to confirm each transaction and create new blocks. Is Proof-of-Stake a Certificate? PoS uses what's known as a "consensus" mechanism, which is where the crypto validators share the responsibility to c

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At the Moment, Some Crypto Projects Lack Any Real-World Use

Michael Paulyn

Oct 8, 2022
2 min

At the Moment, Some Crypto Projects Lack Any Real-World Use

In March 2022, there were 18,465 different types of cryptocurrencies, with more every day flooding the marketing. About ten coins dominate the crypto sector, but as more projects enter the market, there can be fluctuations among even the most stable coins. The issue is that most of these new tokens have little to no real-world applications and will never even come close to being functional. The main reason for creating these crypto projects is simply to get a piece of crypto'

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The Recent S&P 500's Bear Market Shows How Different External Factors Have Affected Crypto

Michael Paulyn

Oct 3, 2022
1 min

The Recent S&P 500's Bear Market Shows How Different External Factors Have Affected Crypto

The recent S&P 500 bear market shows how different external factors affect crypto, causing it to fluctuate between incredible highs and painful lows violently. Some new CNBC reports share some insight, "since the modern S&P 500 index began in the late 1920s, the average bear market has translated into a 38% price decline lasting an average of almost 19 months." As 2022 ends, we're facing a different monster, inflation. This financial mess that's beginning to unfold is nothin

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What Should Web 3.0 Projects Focus on with a Bear Market on Its Way?

Michael Paulyn

Oct 1, 2022
2 min

What Should Web 3.0 Projects Focus on with a Bear Market on Its Way?

As 2022 ends and the crypto bear markets show no signs of weakening, the world of web3 projects should work on preparing for the next bull market. As the internet in the coming years is set to onboard a wave of new users from across the globe, this will cause token prices to decline and growth to slow down. Regarding a16z's 2022 State of Crypto Report, which states that cryptocurrencies follow something known as a "price innovation cycle." This cycle refers to new projects co

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Unknown Crypto Whale Moves $300 Million into BTC

Michael Paulyn

Sep 26, 2022
1 min

Unknown Crypto Whale Moves $300 Million into BTC

Recently, an unknown crypto whale (someone who holds vast amounts of wealth in the form of cryptocurrency) just moved $319,120,100 in Bitcoin, transferring the funds to an unknown wallet. This particular wallet received a total sum of 55,688 Bitcoin and currently has an entire worth of $482,863,640. Ki Young, CryptoQuant CEO, sheds some light on this and states, “when fear hits the BTC market, whales are active in exchanges for various reasons. The uptick in June this year se

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New Release by BNB Chain, Acts as New Tool to Locate Fraudulent Projects and Scams

Michael Paulyn

Sep 24, 2022
1 min

New Release by BNB Chain, Acts as New Tool to Locate Fraudulent Projects and Scams

Binance, the renowned crypto exchange, has released a cutting-edge smart contract-enabled blockchain that locates crypto scams and fraudulent scams. A newly released statement by Binance, "DappBay is a DApp hub on the BNB Chain ecosystem that offers users the necessary tools to navigate the space more safely." The statement also shares that "DappBay features an easy-to-use contract risk scanning tool, Red Alarm, which identifies potential high-risk projects to help users prot

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CFTC Getting Ready to Regulate Crypto, Says Chairperson

Michael Paulyn

Sep 19, 2022
1 min

CFTC Getting Ready to Regulate Crypto, Says Chairperson

In a surprising turn of events, Rostin Benham, Head Chair of the Commodity Futures Trading Commission, stated that the CFTC is now looking at how to regulate crypto better. Benham stressed that the CTFC has the necessary skills and expertise to regulate the digital asset commodity market properly. Benham spoke in front of the US Senate, saying "the volatility in the market, and its impact on retail customers – which may only worsen under current macroeconomic conditions – emp

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Coin Bureau's Prediction on the Latest Ethereum Merge

Michael Paulyn

Sep 17, 2022
1 min

Coin Bureau's Prediction on the Latest Ethereum Merge

Before I say anything else, this huge Ethereum merge is essentially an upgrade to its blockchain, which enables it to handle new technologies such as NFTs (non-fungible tokens). Recently, the ever-popular Coin Bureau analyst, known as Guy, is telling his over 2 million followers that this new Ethereum upgrade could probably help to ignite some final rallies, nicely capping off this year. Here Guy states, "I think we are pretty likely to see an ETH merge this year; that's base

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