Fear not, crypto-faithful. So what if Changelly has decided to implement KYC/AML controls; Trezor has just announced
that users can swap between coins within its hardware wallets. We are not exactly sure how this will work though as it seems like it will still require integration with Changelly/Shapeshift.
We have always believed that in the cryptoworld, wallets and exchanges provide broadly the same function, albeit with different user interfaces and costs. Wallets are intuitively simpler, but not very transparent on pricing, while exchanges can sometimes be overwhelming but have much better pricing transparency. For most of the retail market, especially that bit that is not actively trading these things multiple times a day, an efficient UX/UI provided by the likes of a wallet will be worth the extra cost imposed by the wallet. What is more, a lot of regulators might not let an exchange slide, but they will let a wallet be.
In spite of all the negative vibes it gets from the crypto community, Ripple gets some things right. Like their detailed disclosures
, for instance
Oh Dr.Roubini! It does not matter if you are right or wrong about bitcoin. It is just plain wrong when you lose your cool and start responding to twitter trolls, at the level of /twitter trolls.
For the record, here is a list of things that Roubini got wrong
in the testimony. Sometimes makes you wonder if he just got lucky with the 2008 crisis. For the record Raghuram Rajan called out the crisis before anyone else, in his now legendary address
in Jackson Hole, way back in 2005. As for Roubini, as someone tweeted on twitter - It is always good to be a pessimist; You are either constantly being proved right or you are being pleasantly surprised!
And just before we click the send button on your favorite daily newsletter, we learn that Ethereum has postponed its planned hard fork, Constantinople. Of course being spun as a good thing, and it well might be…