Tag: Decrypt

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Ethereum’s lackluster price action is compounded by a massive sell-off in the DeFi space. …Read the full story

All in all, the company still has about 60 vacancies in strategic areas such as accounting, tax, legal consulting, fraud detection, and product and software development. Federico Ogue, CEO of Buenbit, noted that the company has had to redefine its strategy to have a greater presence in the crypto industry of the future. Still, this […]

On Friday, state senators in New York voted to approve a bill that would create a 2-year moratorium on crypto mining operations that use carbon-based power. Greenidge Generation, a coal-powered plant in upstate New York, prompted the debate over crypto’s environmental impact in the state when it pivoted to Bitcoin mining last March. Georgia has […]

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Terra’s UST, the third-largest stablecoin by market cap, dropped to $0.69 in Monday trading, an all-time low according to CoinMarketCap data, even after the Terra-supporting Luna Foundation Guard rushed a $1.5 billion loan to shore up the currency. Unlike USDC and Tether, which are ostensibly backed by cash and assets in the bank, the UST […]

Bitcoin fell below $35,000 on Sunday morning after declining almost 4% over the past 24 hours and nearly 9% over the last seven days. Institutional investors began pulling assets out of Bitcoin exchange-traded funds more than a week ago, according to a CoinShares report. …Read the full story

For the fifth consecutive week, leading cryptocurrencies like Bitcoin and Ethereum fell, even as signs of wide adoption keep popping up: Gucci’s U.S. A few of this week’s biggest losers were among the so-called “Ethereum killers” aka smart contract-enabled layer-1 blockchains. TRON announced it wants to raise $10 billion in reserve funds to help its […]

The situation isn’t much better for Ethereum, down 5% over the week, while newer best-of-breed coins like Solana fell over 10% this week. Governments around the world are being walloped by inflation levels not seen in 40 years, and central banks are finally taking measures—like jacking interest rates and shrinking their balance sheets—to fix this. […]

For years, trading app Robinhood listed just a handful of cryptocurrencies. GBTC and ETHE are investment products that trade like a stock and allow investors to get exposure to the price of Bitcoin and Ethereum, respectively, without actually having to buy them. But while both GBTC and ETHE are ostensibly tied to the price of […]

Though financial markets, including crypto, briefly enjoyed a run-up in prices, yesterday Bitcoin, Ethereum, and major market indices like the Nasdaq and Dow Jones industrial average plummeted. Meanwhile, Bitcoin is down more than 8% over the past 24 hours and is currently trading at $36,132. This drop may, in part, be due to holders rotating […]

Declining 8% in just 24 hours, Bitcoin dipped below $36,000 before stabilizing. The gist of the narrative is that traders reacted with relief yesterday that the Fed’s inflation measures were measured before realizing today that the 0.5 percentage point increase on interest rates are still very high by historical standards. After starting the year at […]

According to Vogue Business, in-store payments will be made using a QR code that customers can scan with their crypto wallet, sent by Gucci via email. Offering in-store crypto payments is the latest in Gucci’s move into Web3. These brands will also be competing against crypto-native fashion houses like Digitalax, Blanksoles, DRESSX, and Red DAO, […]

El Salvador, the first nation to experiment with Bitcoin as national currency, has an $800 million bond due in January, according to Moody’s. Nevertheless, with the government yet to introduce legislation necessary for the bond to move forward, the clock is ticking. It’s intended to raise $1 billion: $500 million in Bitcoin for the treasury, […]

The foundation began accepting Bitcoin in 2014. But Wikipedia’s exposure to crypto was barely significant prior to the ban. “In the last financial year the most used cryptocurrency was Bitcoin. Those in favor of crypto donations cited a need for pseudonymous donations in countries where Wikipedia might be illegal or censored. …Read the full story

But a contentious hard fork in 2017 saw the network fork into two blockchains—Bitcoin and Bitcoin Cash, the latter of which has low fees and lower congestion so that it can be used for transactions. But Ver still retains that old libertarian ethos that drew him to Bitcoin and un-censorable money in the first place. […]

The three-year financing agreement has been secured by 3,336 new S19j Pro Bitcoin mining rigs, according to a Securities and Exchange Commission filing submitted Friday. CleanSpark isn’t alone in using crypto assets—in this case, mining hardware—to secure loans rather than relinquishing shares of the company. News of CleanSpark’s financing comes just a month after the […]

Local Government Minister Darragh O’Brien, who oversees elections and voting reform, put together a task force in January to recommend laws to maintain electoral integrity. election, Russia surreptitiously bought ads on Facebook, and state actors posing as Americans swarmed social media to rile up people on both sides of the aisle. According to the U.S. […]

The firm publishes weekly reports on institutional allocations in crypto products like those offered by Grayscale, 3iQ, 21Shares and its own CoinShares XBT. Two weeks ago, most of the outflows were from the U.S., but 88% of last week’s outflows were from Europe. Butterfill also noted that after several bearish weeks of money flowing into […]