• Bitcoin,  Innovators,  Technology

    Beyond Overpriced JPEGs

    The hottest new NFT projects are on Bitcoin?

    “The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime… I don’t believe a second, compatible implementation of Bitcoin will ever be a good idea.” The creator of Bitcoin, known by the pseudonym Satoshi Nakamoto, wrote these words in a forum post on June 17, 2010, and they set the tone for the protocol’s slow evolution in the 13 years since. Bitcoin’s deliberate approach to change and innovation is rooted in a commitment to security, stability and decentralization. Developers and thought leaders in the Bitcoin community have emphasized the importance of maintaining a slow and…

  • Opinion,  Technology

    NFTs are Overhyped

    Why the vast majority of NFT projects are a complete waste of money

    What is an NFT and why do they matter? NFT is a term that has been appearing all over social media and the news in the last few months. An NFT is a Non-fungible token, stored on a blockchain, which is essentially a digital ledger. NFTs function similarly to a cryptocurrency like Ethereum or Bitcoin. The major difference between interchangeable tokens like Ethereum and an NFT is that each NFT is uniquely different, hence the word non-fungible. An NFT can be a digital picture, song, file, and much more. Ownership of an NFT does not confer copyright or the ability to use legal action. Instead, it is more of a…

  • BNY Mellon and Mastercard enter crypto
    Asia & Australia,  Commentary,  Cryptocurrencies

    Mastercard Accepting Crypto Payments

    A Look Into Cryptocurrency in The Asia-Pacific Region

    On November 8, 2021, Mastercard made an important announcement regarding their payment systems in the Asia-Pacific region. Because of the company’s partnerships with Amber Group, Coinjar, and Bitkub, anyone in the region will now be able to apply for a crypto-linked Mastercard. This will allow users to instantly convert their cryptocurrency into fiat dollars which they can spend wherever you can use a normal card.  This doesn’t mean that people will be paying for their purchases in Bitcoin (BTC) or other coins, but instead Mastercard does an instant transfer from crypto to fiat. This allows for buyers to use the card at any merchant that accepts normal cards, which gives…

  • beeple everyday $70M Christie's
    Cryptocurrencies,  Technology

    Beeple’s NFT collage EVERYDAYS sells for nearly $70M at Christie’s

    Digital artist Mike Winkelmann’s art is now more valuable than the likes of Eugene Delacroix, Marcel Duchamp and Francisco Goya

    Just having a non-fungible token work on sale at one of the world’s oldest and most prestigious auction houses was a major coup for the crypto-based artform. The work, “EVERYDAYS: THE FIRST 5000 DAYS” was described by Christie’s as Beeple’s “monumental digital collage,” of images of an artwork he posted every day since May 1, 2017.