Wondering about what a "51% attack" is? When the mining power for a decentralized blockchain network becomes too concentrated (centralized), miners with bad intentions can overturn blockchain transactions and double-spend participants' crypto. Continue Reading →
Cryptocurrency
Posts about Cryptocurrency.
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Coinbase's remarkably clever "Less talk, more Bitcoin" Super Bowl TV commercial was so effective that it appears to have broken the internet. (The site was down for a while during the game.) Continue Reading →
In a press release, NYDIG announced that Drew Brees will start using its Bitcoin Savings Plan to convert a portion of his compensation to bitcoin. Continue Reading →
Silvergate Exchange Network (a subsidiary of Silvergate Capital) confirmed it was buying assets and intellectual property from Mark Zuckerberg's Diem Group and hopes to launch a stablecoin by the end of the year. Continue Reading →
I’m thrilled to announce our new Web 3 training facility at Metacademy.xyz. Together with our partners, Blockchain Foundry and Catbotica, we’ve created a free-to-use, risk-free hands-on tutorial that will teach you the correct way to set up a crypto wallet, mint your own NFTs, learn how to buy and sell them, and much, much more. Continue Reading →
Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a note that central bank digital currencies (CBDCs) “are an inevitable evolution of today’s electronic currencies,” according to a Bloomberg report. Continue Reading →
A popular internet meme: On November 12, 2021, Odell Beckham, Jr. signed a deal with the Los Angeles Rams for $750,000, which he accepted in bitcoin (BTC). Continue Reading →
According to CNBC, Walmart plans to create its own cryptocurrency as well as a collection of NFTs. The big-box retailer filed for several new trademarks that indicate its intent to make and sell virtual goods, as well as to create its own cryptocurrency and NFTs. Continue Reading →
Back in June '21, I wrote, "I’ve just become aware of the best example of everything that is bad (and hopefully temporary) about crypto-insanity. If you are wondering about the hype, this article from Coindesk is very instructive." Continue Reading →
According to Bloomberg, "In the first three quarters of 2021, about a third of contributions to Wyoming Republican Cynthia Lummis’s campaign committee came from crypto executives or investors." Continue Reading →