NEO for Noobs

What is NEO? Neo is an open-source blockchain framework developed in 2014 by Da Hongfei and Erik Zhang that is targeted towards decentralized applications (DApps). After the project’s rebranding from Antshares to Neo in 2017, the project’s aim is to…

Furucombo DeFi Protocol Hit by a $14 million “Evil Contract” Hack

Furucombo, a dApp that simplifies trading and Maker/DeFi by making it simple to build multi-step transactions, was compromised. Hackers managed to drain $14 million from their users’ accounts at press time. As a decentralized technology that focuses on enabling multiple-step…

How Blockchain will Change Healthcare

I don’t know about you, but I first heard about blockchain in reference to cryptocurrency, and I kept an inaccurate notion that blockchain was just for cryptos. I didn’t think that blockchain tech had any sort of usage outside the…

Solana (SOL) for Noobs

What is Solana? Solana is a scalable, stable, fast, decentralized blockchain that offers marketplaces and applications. Currently, the machine can accommodate a theoretical 50,000 TPS (transactions per second) and a theoretical block time of 400 milliseconds. The main purpose of…

Note from JPMorgan Endorses Holding 1% in Bitcoin

Due to recent statements of strategists, who argue that cryptocurrency offers security against major volatility in conventional asset classes such as stocks, shares, and minerals, the potential valuation of cryptocurrencies looks exciting. They consider investing a tiny sum of capital…

The Binance Bridge for Noobs

What is the Binance Bridge? The Binance Bridge is intended to allow different blockchain ecosystems to interact. Binance Chain and Binance Smart Chain wrapped tokens can be used to convert crypto assets to (and from) Binance Chain and Binance Smart…

A Dubai-based Mogul Pledges $4.8 billion Bitcoin Investment

Dubai business magnate, Khurram Shroff of the IBC Group pledged 100,000 Bitcoin (worth $4.8 billion) to the Miami 2.0 Blockchain Strategy Foundation in order to help start the platform. Adoption of cryptocurrencies would be supported significantly by IBC’s commitment. The…

Chairman Powell: Fed “Carefully” Looking at a Digital Dollar

The Federal Reserve Chair, Jerome Powell, confirmed that the Fed is exploring the feasibility of implementing a digital currency. Central bank digital currency (CBDC) is a form of money that operates purely as a consequence of the introduction of electronic…

Square Announces $170 Million Investment in Bitcoin

Square made the announcement on Tuesday that it had acquired $170 million worth of bitcoin in order to boost its already sizeable position in the cryptocurrency. Since purchasing Bitcoin in October, the latest acquisition takes the overall number of bitcoins…

An Introduction to the BEP-20 Token Standard

BEP-20 tokens are Binance Smart Chain (BSC) native tokens that are able to execute smart contracts. It’s basically the Binance Smart Chain’s ERC20 token implementation. The BEP-20 token standard has introduced on the Binance Smart Chain and it expands the…