Open Systems, Blockchain & Business Daily

OSBBD

AI, money and the software behind them.

Daniel Brooks watching the ball as he plays a forehand on a tennis court

Daniel Brooks

Daniel follows payments and crypto, from card transactions to the keys behind a wallet. His OSBBD explainers trace where money goes and where fees enter the process. He enjoys untangling product details and finding time for a game of tennis.

Latest

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CoinMarketCap ·

CoinMarketCap Acquires Derivatives Data Firm CoinGlass

The companies say CoinGlass will retain its brand, team and existing web, app and API access.

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Tezos ·

Tezos Introduces Quantumnet, a Post-Quantum Testnet

The experimental network tests post-quantum approaches across account signatures, consensus and data availability.

Payment terminal, card and receipt on a pale desk
Stablecoin policy ·

Federal Reserve Seeks Comment on Stablecoin Rules

Two proposals address reserve and risk requirements and an approval process for covered payment-stablecoin issuers.

Payment terminal, card and receipt on a pale desk
Stablecoins ·

Reap and Visa Plan Wider Stablecoin Card Programs

The expansion targets card infrastructure across more than 100 markets, subject to local requirements.

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Proof of reserves ·

What Proof of Reserves Can and Cannot Tell You

A reserve snapshot can show specified assets. It may leave liabilities, ownership and later changes unanswered.

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Payment settlement ·

Why a Payment Can Be Approved and Still Take Days to Arrive

Approval, capture, settlement and payout describe different stages. Follow the status that matters to you.

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Token approvals ·

Token Approvals: Permissions Your Wallet Leaves Behind

Closing a decentralized app does not necessarily remove its permission to spend approved tokens.

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Open banking ·

Open Banking: What You Share When You Connect an Account

Read the requested accounts, data, duration and payment permissions before approving a connection.

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Blockchain bridges ·

What a Blockchain Bridge Actually Does

A bridge coordinates state across networks. The destination token may depend on a new set of contracts and operators.

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Banking apps ·

Your Finance App Has a Banking Partner. What Does That Mean?

The app, the account provider and the institution holding funds can be different organizations.

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Network fees ·

Where Your Transaction Fee Goes

A network fee can pay for execution, reward a validator or be burned. Exchange withdrawal fees are separate.

Payment terminal, card and receipt on a pale desk
Stablecoins ·

Stablecoins vs. Bank Transfers: Following the Same Payment

A fast blockchain transfer is only part of a payment if the recipient ultimately needs money in a bank.

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Stablecoins ·

Circle names Arc validators ahead of planned launch

The blockchain is on private mainnet, with September 16 targeted for public access.

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Stablecoins ·

Why Stablecoins Can Trade Below One Dollar

The target value, redemption terms and market price are different parts of a stablecoin's design.

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International transfers ·

The Full Cost of an International Transfer

Compare the recipient's final amount, the exchange rate and every fee along the route.

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Crypto wallets ·

What a Crypto Wallet Actually Stores

Coins stay on the network's ledger. A wallet manages the credentials and tools used to control them.

Payment terminal, card and receipt on a pale desk
Card payments ·

What Happens After You Tap Your Card?

The terminal's approval is one stage in a payment that still has to be captured, cleared and settled.

Payment terminal, card and receipt on a pale desk
Stablecoins ·

Visa opens a stablecoin operations platform in beta

Selected clients can test wallets and Open USD flows with approval rules and audit logs.

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Open source ·

Lagrange opens DeepProve's AI verification code

The software creates cryptographic proofs of model execution, without proving an answer is true.

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Banking apps ·

SoFi adds SoFiUSD stablecoin access to its app

Members can buy and hold the token, while deposit conversion and other features remain planned.

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Crypto wallets ·

Spaces opens a test faucet for Bitcoin handles

The May update pairs experimental identities with a Nostr chat client and developer SDKs.

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Crypto wallets ·

Exodus Pay brings spending into its crypto wallet

The US rollout combines card spending and transfers with a wallet whose keys stay on the user's device.

Payment terminal, card and receipt on a pale desk
Stablecoins ·

Circle launches managed stablecoin settlement

CPN Managed Payments lets institutions use fiat while Circle handles the digital-asset operations.

Payment terminal, card and receipt on a pale desk
Stablecoins ·

Visa and Bridge widen stablecoin card plans

Cards were live in 18 countries, with expansion to more than 100 planned by year-end.

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