As I’m sure you’re well aware, El Salvador just recently became the first country in the world to recognize Bitcoin as legal tender, and this caused the price of the crypto to jump 5%. The Bitcoin Law, as it’s named,…
NuCypher for Noobs
What is NuCypher? NuCypher is a data encryption and security layer that is not reliant on a central service provider for Ethereum (and possibly other networks) and decentralized applications (dApps). The protocol, dubbed a decentralized key management system (KMS) by…
Owner of Original “Doge” Photo Sells NFT for $4 million
The now-iconic image of a grinning Shiba Inu has just become the most valuable meme to be sold as a non-fungible token, or NFT. The dog meme “doge” was auctioned off for almost $4 million on Friday to an unnamed…
Orchid for Noobs
What is Orchid? Orchid is a decentralized technology that aims to encourage a group of computers to run and maintain a decentralized virtual private network (VPN). VPNs, a frequently used technology for routing online traffic, let users change how their…
Bitcoin Lightning Network on Twitter is “Only a Matter of Time,” according to CEO Jack Dorsey
Twitter’s CEO, Jack Dorsey, has disclosed that the social media platform may soon join the cryptocurrency industry through the Lightning Network, an alternative Bitcoin network for fast payments. Dorsey is also the CEO of payments firm Square. On Friday, the…
Texas Will Permit State-Licensed Banks to Store Cryptocurrency
The Texas Department of Banking has approved the holding of crypto assets by state-licensed institutions. The banking department’s statement is an admission that conventional risk-based evaluations by banks are adequate for providing bitcoin custody. The following is the department’s statement:…
Wendy’s and Clover Health Go Through Meme Stock Rally
Shares of the health care company Clover Health Investments and fast-food chain Wendy’s have become the latest meme darlings hyped up by online retail investors. On Tuesday, June 8, Wendy’s shares rose suddenly by 16% and Clover Health shot up…
Rarible for Noobs
What is Rarible? Rarible is a decentralized platform that allows digital artists and creators to create and sell bespoke crypto assets that reflect ownership of their work. Rarible is noteworthy because it is both a marketplace for such assets and…
El Salvador Becomes the First Nation to Legally Recognize Bitcoin as Cash
El Salvador is the first nation in the world to recognize bitcoin as legal money. The Bitcoin Law was passed by a supermajority of lawmakers in the Central American country’s Congress. The Bitcoin Law was passed by a “supermajority” of…
ICON for Noobs
What is ICON? ICON’s goal is to create a decentralized network of networks based on cryptocurrency. ICON sees its purpose as creating a “digital country” where diverse economic players may issue and govern their own kinds of value under their…