BIS, AML, KYC, WTF
Big Banks Are Speaking Up August, 2025 – The Bank of International Settlements (BIS – the central bank of central banks) released guidance this week regarding crypto, AML approaches (Anti Money Laundering), and KYC (Know Your Client protocol.) An AML compliance score based on the likelihood of illicit blockchain activity is proposed in order to […]
The Genius of “Proof Of Work”
A key master stroke in the design of Bitcoin is “Proof of Work”. It is how Bitcoin holds it’s power. Here’s how it works: A new block of bitcoin transactions, a ledger, is made every ten minutes since January of 2009. Those blocks are created by the distributed computing power of whomever decides to belong […]