Synthetix (SNX) for Noobs

What is Sythetix? The Synthetix Network Token (SNX) is an exchange-based token generated and distributed by Synthetix, an Ethereum blockchain-based decentralized synthetic asset issuance protocol. Synthetix, developed by Kain Warwick and the Synthetix Foundation, is a decentralized synthetic asset issuance…

Grayscale Reopens its Ethereum Trust

Grayscale, one of the world’s biggest operators of digital assets, has reopened to investors its Ethereum Trust. The $4 billion Ethereum Trust operates much as all of Grayscale’s other trusts: Grayscale invites a consortium of private partners and utilizes their…

Compound for Noobs

What is Compound? Compound is a DeFi project that enables users to take out loans or provide loans by locking up their properties via Ethereum-based smart contracts. The availability and demand of each crypto asset dictate the sum of interest…

Mark Cuban Backs Decentralized Finance in Tweet Spree

Mark Cuban, billionaire investor, seems to be a DeFi bull. The owner of the Dallas Mavericks sold non-fungible tokens (NFTs), citing his Coinbase funds, and now he is dreaming about the advantages of decentralized finance. Cuban argued for decentralized finance,…

Coinbase Proposes Direct Listing instead of IPO

By means of a direct listing, Coinbase plans to go public, the organization revealed today in a blog post. The business reported last month that it had confidentially lodged an S-1 with the SEC. The announcement by Coinbase is as…

Dogecoin Explodes for an 800% Gain in 24 Hours

Dogecoin, a digital coin initially created as a prank, has risen over 800 percent over the past 24 hours as it became known as GameStop’s cryptocurrency counterpart. Centered on the famous “doge” meme at the time featuring a Shiba Inu…

Dogecoin for Noobs

What is Dogecoin? Dogecoin is an Internet meme focused on the famous “Doge” cryptocurrency and has a Shiba Inu on its logo. Dogecoin is simply a clone of Litecoin. Introduced on 6 December 2013 as a “joke currency,” Dogecoin soon…

The GameStop Stock Incident Explained

If you’ve been paying attention to finance news recently, you might have caught wind of GameStop’s stock just exploding in a short period of time at the hands of some crazy Redditors on /r/wallstreetbets. I’m going take some time and…

DAI for Noobs

What is DAI? Dai (or DAI) is a stable coin cryptocurrency that, in an automated framework of smart contracts on the Ethereum blockchain, strives to maintain its value as similar to one United States dollar (USD) as possible. MakerDAO, a…

Bitcoin billionaire Chamath Palihapitiya Set to Run for California governor

Chamath Palihapitiya, an early Bitcoin trader and business proponent, has signaled a possible run for the California governor’s seat. In a Tweet on January 26, the CEO of venture capital company Social Capital, Chamath Palihapitiya, appeared to reveal his intentions.…