Novogratz’s Galaxy Digital Pulls in $32 Million for Ethereum Funds

After Monday’s filings to the U.S. Securities and Exchange Commission, Galaxy Digital’s institutional ETH funds have collected over $32 million in investment. The little-known but well-off investors of the Cayman-based funds have found their way into the pool early stages…

Zcash for Noobs

What is Zcash? Zcash is a cryptocurrency that uses encryption to provide users with more anonymity than other cryptocurrencies including Bitcoin. The codebase of Zcash is built on that of Bitcoin. It has a lot in common with Bitcoin, such…

Nano for Noobs

What is Nano? Nano (NANO) is a peer-to-peer digital currency that was formerly known as RaiBlocks (XRB). It is a decentralized, open-source cryptocurrency with a guided acyclic graph (DAG) design that’s licensed under the FreeBSD License. It uses a distributed…

Arthur Hayes, the CEO of BitMEX, Reportedly Negotiating a Surrender to US Authorities.

Arthur Hayes, who has a warrant out for his arrest by the U.S. government, was asked to turn himself in per legal documents cited by federal prosecutors, as reported by The Block. Hayes is one of the BitMEX owners and…

The chairman of Biden’s SEC candidate sends a warning of yet greater oversight for cryptocurrencies.

After President Biden appointee Gary Gensler stated that he will give “guidance and clarity” to the quickly developing cryptocurrency industry, it seems that the SEC would produce the first cryptocurrency guidelines. During his Senate confirmation hearing on Tuesday, Gary Gensler…

ETH Classic for Noobs

What is Ethereum Classic? The decentralized blockchain-based distributed computing framework known as Ethereum Classic (ETC) includes smart contract (scripting) capabilities. A transaction-based state machine is built on the public Ethereum Virtual Machine with support for Nakamoto consensus and modifications (EVM).…

Cardano Rises With the Release of New “Mary” Update

This week, Cardano launches the first big platform update named Mary. Mary allows users to create a multi-asset network like Ethereum for Cardano. It would add new framework cases, functionality, and capabilities, as well as enabling users to create their…

DASH for Noobs

What is DASH? Dash is an open-source blockchain project. It’s a blockchain forked from the Bitcoin protocol. It’s also a decentralized autonomous association (DAO) operated by “masternodes,” a subset of the network’s users. How does DASH work? In order to…

Robinhood To Face $26.6 million in FINRA Fine

Robinhood plans to compensate the Federal Reserve a minimum of $26.6 million as part of a possible compromise in inquiries of various enforcement agencies. According to Robinhood, it is working to resolve inquiries by the Financial Sector Regulatory Authority (FINRA)…

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…