If you’ve been following the cryptocurrency market lately, you’re likely aware of the fact that Ethereum has made a 30 percent jump in recent days, marking a two-month high value, and shocking the overall crypto market. The price of Ethereum is $3,727.51 at the time of this writing, though that figure is obviously subject to change as the market continues to fluctuate. Given that ether has been all over the news in recent days, it’s only fair to assume a number of fresh eyes have been placed on the world of crypto investments . So, let’s unpack what exactly Ethereum is, how it works, and examine the factors which led to this week’s historic leap. Furthermore, we’ll examine trends in the market and see if we can construct a comprehensive outline of where the decentralized currency will climb in the coming years. Without any further preamble, let’s take a moment to dive into Ethereum, its price, and its applications. What Is Ethereum? Like other hot cryptocurrencies on the market,...

Lil Uzi Vert has proven he’s a rapper that’s looking toward the future. In an Instagram post, JT of the City Girls revealed that she received a McLaren for her birthday (And as we can see, the Hip-Hop star is clearly thrilled). https://www.instagram.com/p/CXC5HU1s3bb/ But clearly, there are “levels” to this. On an episode of the Full Send podcast, RD Whittington — a celebrity car broker — revealed that Lil Uzi Vert paid for the sweet whip in Ethereum. “He just bought his girlfriend a car,” he said. “It was a gift. And he paid it in Ethereum.” Whittington — whose upcoming show, “Million Dollar Wheels,” will be premiering on Feb. 28 on Discovery+ and is executive produced by Jamie Foxx — explained that part of the reason Lil Uzi Vert paid in the popular cryptocurrency was that he needed the car pretty quickly. However, he couldn’t do a wire transfer from bank to bank. So, he asked Whittington for his Coinbase information, which was provided, and the payment was subsequently sent over....

Crypto scammers certainly made 2021 their year. According to a new report from CNBC, the trifling thieves took a gobsmacking $14 billion (with a B!) from their unsuspecting victims last year. That’s a 79 percent jump from the amount of money they stole in 2020 — the year the pandemic began. Analysts for CNBC blame the rise of DeFi — decentralized finance — platforms for this record-breaking uptick in theft from crypto scammers. In a nutshell: more platforms equals more opportunities for wannabe scammers to rip you off. The outlet also referred to Chainanalysis’s annual CryptoCrime report (yes, this is a thing) to analyze the trends in thievery. “DeFi is one of the most exciting areas of the wider cryptocurrency ecosystem, presenting huge opportunities to entrepreneurs and cryptocurrency users alike,” Chainalysis wrote in its annual Crypto Crime report. “But DeFi is unlikely to realize its full potential if the same decentralization that makes it so dynamic also allows for widespread...

A recent article featured in The New York Times talked about so-called “junk crypto.” In the story, David Segal detailed how he created his own cryptocurrency in the hopes of cashing in on the craze. But his coin, essentially, turned out to be absolutely worthless. “One day in May, I created my own cryptocurrency,” he explained in the piece. “I did it on a Zoom call with an excitable 36-year-old in Taiwan, Dan Arreola, who had posted a tutorial on YouTube about how to make, and promote, a ‘scam coin.’ It has more than 240,000 views. After a few minutes of tweaking, and about $300 in fees, I pressed a button. Instantly, 21 million coins were minted.” Whether you call them “scam coins,” “hype coins” or “junk crypto”–  the end result is all the same. When it’s all said and done, you have nothing but a bunch of worthless cryptocurrency that can’t even get you a burrito off the Taco Bell dollar menu. So, why do they still prevail in the crypto market? Why is it so easy to buy this...