Cryptocurrency has officially gone to the dogs. The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin. […]
Cryptocurrency
What are NFTs, and why do people sound so smart when they talk about them? Non-fungible tokens, but what does that even mean? And why would someone even buy NFTs since they are already up there on the web for all to see? The rise of blockchain technology, and consequently cryptocurrency and others such as meme stocks, God help […]
Robinhood, the platform that was once the raging crypto trading application, marked on Tuesday shares drop below its initial public offering (IPO) valuation after trading hours as revenues fell with key cryptocurrencies, such as Dogecoin. The trading site is witnessing a change in its winds, as its long trail of investors are holding back their […]
Facebook launched on Tuesday its own digital wallet Novi to support decentralized currencies in collaboration with Coinbase and was faced with an urge from U.S. senators and lawmakers to cease the wallet’s pilot release, effective immediately. One notion Facebook’s six-hour outage proved to us: the magnitude of our reliance on just one company. Facebook made […]
Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world’s most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s simply too big for the financial […]
NEW YORK (AP) — Interested in Bitcoin but don’t want to open a crypto trading account? Wall Street has something for you. ProShares said Monday it plans to launch the country’s first exchange-traded fund linked to Bitcoin. The ETF with the ticker symbol “BITO” is expected to begin trading Tuesday, barring any opposition from regulators. […]
Famous gaming platform Epic Games plans to open its doors to blockchain-based payments on its store, following its rival’s announcement to ban blockchain technology and NFT assets on its platform, The Verge reports. Epic is considering the implementation of cryptocurrency technology into its platform, in addition to blockchain-based assets on its game store. The multinational gaming company […]
An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant. Greenidge Generation runs a once-mothballed plant near the shore […]
Non-fungible tokens (NFT) marketplace, OpenSea has finally anchored its platform by fixing any vulnerabilities that could potentially expose accounts to NFT hacks on digital wallets and drain it, Check Point Research finds. NFT’s fame spread on all fronts as a crypto trend that transforms any digital asset into a distinctive blockchain asset or provides users […]
Coinbase announced on Monday that it’s officially jumping into the world of NFTs. The cryptocurrency exchange platform explained that it plans to sell, trade, and mint NFTs, a move that will expand the cryptocurrency’s marketplace. While there isn’t much information on how Coinbase will join the NFT marketplace, the exchange platform has noted that the […]