Everything web3, crypto, defi, degen
Since the crypto market took off in 2021, many non-fungible tokens (NFTs) are now changing hands for dizzying sums of money. To date, the ten most expensive NFTs sold at auction have fetched between $7 million and $91.8 million. That’s higher than the average price of Claude Monet’s artwork ($80.5 million) and many other pieces…
Humanity has long relied on physical currency as a medium for representing and transferring value. Some of the earliest examples of coinage date back many thousands of years. The Mesopotamian shekel is widely believed to be the oldest coin. Western Asian tribes first minted the shekel – meaning “weight” – 5,000 years ago. This example…
For the uninitiated or crypto-curious people out there, non-fungible tokens (NFTs) represent one of the more colorful sectors of the cryptocurrency industry. How is it that duplicable, oftentimes wacky pieces of digital artwork can fetch extraordinarily high prices, and why are people flocking to buy these intangible items? It’s certainly a difficult topic to get your head…
If you’ve ever tried to explain cryptocurrency to your relatives, you might have found it can be as difficult as trying to teach rocket science to a toddler. Most folks react with skepticism, ridicule or scorn when you try to explain the utility of decentralized digital currencies that have limited supplies and aren’t controlled by…
Bitcoin’s appetite for energy needs little discussion. For years it’s been a top-of-mind topic for regulators, a major concern among critics, and a frequently misreported feature of the protocol. The specific point of contention lies with bitcoin mining — a resource-intensive, cryptography-based competition that repeats approximately every ten minutes. Each winner is rewarded with transaction…
Over the last decade, countless critics have pointed the finger at Bitcoin as being nothing more than an intelligently-orchestrated Ponzi scheme. Detractors like Brazilian computer scientist Jorge Stolfi argue that the leading decentralized cryptocurrency bears all the hallmarks of a scam named after Italian swindler Charles Ponzi. The question whether or not cryptocurrency in general…
There’s a common misconception among prospective bitcoin buyers that only those with deep pockets can afford to access the market. However, this is simply not the case. Using exchanges like Kraken, people can buy as little as $10 worth of bitcoin (BTC). This is possible because there are smaller units of bitcoin, similar to how…
