The recent news that Facebook would be launching its own cryptocurrency, Libra, has sparked its fair share of controversy. Critics point to Facebook’s history of shortcomings when it comes to user privacy as good reasons to be nervous about Libra. With data on over 2.4 billion people, it seems like adding to their massive data trove would not be the best thing. In response, Facebook insists that it will all be different this time — Libra will be “decentralised”. Which means that no single entity can control it (supposedly). …
At Albacore we develop tools to improve financial transparency. We believe that more can be done to provide users with information about the organisations they trust with their money.
A few weeks ago, the crypto-community was abuzz amidst fresh claims of “Satoshis’ second coming”. Claims like these are not new, with Craig Wright being the most recent cult
This new claim came with “evidence”, a digital signature that had seemingly been made using an address known to have belonged to Satoshi. At face value the signature appeared to valid, appearing to confirm that this was indeed Satoshi Nakamoto.
At Albacore we develop tools to improve financial transparency. We believe that more can be done to provide users with information about the organisations they trust with their money
While crypto-assets have only been around for a short period of time, its history has been littered with incidents of theft and questionable actions by crypto-organisations that have sought to capitalise on its popularity while skirting regulations that have struggled to keep up. From the infamous Mt Gox bankruptcy filing in 2013–14, to the recent controversy surrounding Tether and their claim to be 100% USD-backed. Questions have been raised regarding the…
We are pleased to announce a new strategic partnership between Albacore and Bamboo, a micro-investments platform that allows anyone to seamlessly purchase cryptographic assets.
Cryptographic assets now form a larger part of people’s investment portfolios, and as a result more and more companies dedicated to buying and managing crypto-focused assets have come into existence. Thanks in part to the open and decentralised nature of the blockchain, these companies are in a unique position to provide an unprecedented level of transparency to clients while traditional institutions have fallen behind.
Albacore is a new venture, started by myself and Ilyas to create tools and systems that will enable financial transparency and increase accountability between individuals, the companies they interact with, and the internet at large. We believe giving everyone the ability to “trustlessly” conduct business with any other party is a goal worth spending significant time on.
Companies that work with cryptocurrencies and other block/sidechain-based assets have a unique opportunity to be significantly more transparent about their operations than traditional financial institutions. …
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