Hacks have stolen more than $2 billion worth of digital currency this year, shaking faith and confidence in DeFi, the experimental field in decentralized finance. Ben Weintraub was shocked to learn that he had dropped out of college in order to pursue a career as a cryptocurrency trader. Two of his classmates at the University …
The Crypto World is on the Edge after a string of hacks Read More »
The risks associated with unregulated digital currencies are clearly illustrated by the sharp sell-off this week. SAN FRANCISCO — The Bitcoin price plunged to the lowest level since 2020. The large cryptocurrency exchange Coinbase saw its value plummet. The cryptocurrency Coinbase, which was promoted as a stable exchange platform, collapsed. A crash in cryptocurrency prices on Monday caused more than …
The Perfect Storm of Panic and Fear Melts Cryptocurrencies Read More »
It was possible to travel for days, or even weeks, without ever hearing about cryptocurrency, except in San Francisco. Now, suddenly, it’s inescapable. One way you’ll see Larry David and Matt Damon advertising crypto start-ups. You can swivel your head, and you’ll see that it’s the mayors from Miami and New York City arguing about …
Best beginner’s guide to understanding cryptography and the crypto market. Read More »
DAO stands for decentralized autonomous organization. DAO (pronounced “dow”) is a new type of organization structure that uses blockchain technology. It is often referred to as a crypto co-op or a kind of financial flash mob. You could also refer to it as a “financial Flash Mob” or “group chat with a banking account.” DAOs can be …
Web3 is the name technologists gave to the idea for a new type of internet service. It is built using decentralized Blockchains, the shared ledger systems used in cryptocurrencies like Bitcoin or Ether. Although the term is not new, it has become more popular in the last year. Packy McCormick is an investor who helped popularize …
This term, “web3”, is popping up everywhere. But what is web3 after all? Read More »
Ethereum, the most widely used crypto platform, has successfully upgraded their software architecture from a type known as “proof-of-work,” which it has been running since 2015 to a type known as “proofof stake.” The upgrade, also known as “the merger”, is already being hailed as a historic moment in crypto history. A number of Ethereum developers met …
Ethereum, the most widely used cryptocurrency platform, has completed its long-awaited switch to an energy-efficient infrastructure. It was Wednesday, just minutes before midnight on West Coast. After many years of delays and discussions, the popular cryptocurrency platform Ethereum has completed the long-awaited software update known The Merge. This will allow the platform to shift to a more sustainable, …
The Long-Awaited Crypto ‘Merge’ Reaches the Finish Line Read More »