JPMorgan’s participation in the BlackRock Bitcoin ETF as a custodian raises eyebrows, given its history of hefty fines and controversies. Concerns over counterparty risk loom large in the crypto industry, emphasizing the importance of individuals holding their own bitcoins to avoid potential consequences of a major Wall Street bank’s involvement.
Author: Kadan Stadelmann
Kadan Stadelmann
Kadan Stadelmann is a blockchain developer and operations security expert, currently serving as the Chief Technology Officer for the Komodo Platform. His diverse experience spans across various sectors, including operations security within government, launching technology startups, and delving into application development and cryptography. Stadelmann embarked on his blockchain technology journey in 2011 and became a part of the Komodo team in 2016.
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The introduction of Bitcoin Ordinals, pure NFTs on the Bitcoin blockchain, has ignited a fierce debate within the cryptocurrency community. While proponents see them as a gateway to expand Bitcoin’s functionality, critics, including prominent figures like Max Keiser, label them as spam. This controversy has the potential to lead to a Bitcoin fork, reminiscent of past disagreements over protocol rules and block size. The outcome remains uncertain, but the impact on the cryptocurrency landscape is undeniable.
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