Secure oracle mechanisms are the only way to bring established companies onto the blockchain, according to the founder of Chainlink (LINK). In an interview with Crypto Briefing, Sergey Nazarov explained that many companies are interested in using the technology, but are nervous about adapting to new infrastructure.

“If you take some time to talk to these people and try and sell them a system, you realize that they literally run servers on COBOL,” Nazarov told Crypto Briefing. 

Decentralized finance may just be taking off, but it hasn’t escaped the notice of savvy traders. The rapid rise of Compound Finance suggests that the lending app has become the focal point for sophisticated trading strategies, which exploit arbitrage opportunities on DeFi dApps across the Ethereum ecosystem.

In this series on Bitcoin and money, Crypto Briefing takes a deep dive into the complexities of the modern monetary system and how Bitcoin, as the ultimate hard money, can serve as a solution to many of its problems.

In Part Six of the series we start to resolve some of the issues laid out in the first chapters – specifically regarding why Bitcoin and other blockchain-based models exemplify a new economic reality in which self-sovereignty, data privacy, and trustlessness have value.

The weekend drone attack on Saudi Arabia’s oil production facilities has slashed global oil supplies by five percent, temporarily sending the price of Brent crude up twenty percent. The attack also prompted a one percent rise in the price of gold. For Bitcoin, which is often touted as a virtual form of gold, the Saudi oil attacks will prove a crucial test of the asset’s safe-haven bona fides.

As we pass the middle of September, cryptocurrency markets are still lethargic. Bitcoin’s tunnel trading continues with renewed vigor, though we are seeing a fair amount of action further down the charts. Notable gainers are Ethereum and EOS, which had noticeable upticks over the weekend.

• Ethereum has recovered over twenty percent of its value from the lows of August
• The ETH / USD pair has now turned bullish over the short-term
• The $205.00 level is the next major upside technical challenge for the cryptocurrency

Ethereum has made a much-awaited advance back towards the $200.00 resistance level, with the second-largest cryptocurrency reclaiming twenty percent of its value from the worst trading levels of August.

In this series on Bitcoin and money, Crypto Briefing takes a deep dive into the complexities of the modern monetary system and how Bitcoin, as the ultimate hard money, can serve as a solution to many of its problems.

In Part Five of the series we shift our focus slightly to question why decentralization is such an important part of the Bitcoin debate – especially when centralization continues to appear as an economic theme in political systems.

The full nine-part series will be available here.

One of the largest points of contention in the Bitcoin community surrounds the question of block sizes. Larger blocks mean faster transactions and less congestion,  but they have higher requirements in storage and bandwidth.

Kin has been in the news a lot lately, whether it’s for fighting for the cause of cryptocurrency, or for announcements of the latest app to add Kin integration. The Kin ecosystem keeps on growing, with an expanding library of apps and a broadening variety of utilities.

Lightning Labs has confirmed that a major vulnerability in the Lightning Network has been exploited ‘in the wild.’ The peer-to-peer payment network is meant to provide fast and inexpensive Bitcoin payments, but as the bug incident demonstrates, it may not yet be ready for serious payments.