press release PRESS RELEASE. Irvine, California, January 21, 2022: Merkle Standard, a sustainable digital asset mining platform, announced a new miner purchase order from Bitmain Technologies Limited. The executed purchase agreement is for 13,500 mining rigs from the leading ASIC mining manufacturer and aligns with Merkle Standard’s goal of becoming the industry’s most efficient and sustainable miner. The acquisition of…
Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases. According to a Bloomberg report, a comment letter from the SEC released Thursday showed the regulatory body objected to MicroStrategy reporting information related to its Bitcoin (BTC) purchases based on non-GAAP, or Generally Accepted Accounting Principles. The business intelligence firm has…
Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying: “I don’t need this money for the next 5 to 10 years, but I have to admit sometimes I get so…
Sometimes, you just have to laugh so you don’t start crying. Or tweet so you don’t keep refreshing the screen on your dwindling crypto portfolio. In just 24 hours, the price of Bitcoin and Ethereum fell by over 11% and 15%, respectively. As of publication, a single BTC sells on an exchange for about $37,800, according to CoinMarketCap, its lowest…
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year. A16z to Double Down on Crypto A16z will continue…
Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly battle to attract investors funds by offering enticing yields for crypto holders willing to take a risk and lock up their assets and protocols use this funds to build out their products and attract attention from larger investors. One protocol that has…
In brief Cryptocurrency prices keep tumbling, with the market down 11% in 24 hours. Bitcoin hit a six-month low, while Ethereum and Solana are at four-month lows. The bleeding hasn’t stopped: following a sizable drop in cryptocurrency prices on Thursday that only worsened as the day went on, the market is sinking even deeper into the red today. And top…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) The mad man of DeFi has done it again. Andre Cronje, the creator of Yearn Finance and several other notable DeFi projects, has announced the launch of yet another DeFi project. He’s teamed up with developer Daniele Sestagalli, who played a key role in building out Wonderland (a fork of OlympusDAO,…
South America is alive and well today with the sound of new bitcoin initiatives: Rio de Janeiro taking taxes in bitcoin, Paraguay introducing new enabling legislation, Strike launching in Argentina, and El Salvador pioneering with bitcoin as its legal tender. Someone had to go first in adopting bitcoin as legal tender and introducing Bitcoin takes a special kind of courage — the…
Assen Vassilev, Bulgaria’s Deputy Prime Minister for EU Funds and Minister of Finance, said the EU member nation is exploring options for rolling out a crypto payment mechanism. According to a Friday Bloomberg report, Vassilev said the government was in discussion with the Bulgarian National Bank as well as industry players to explore crypto payments “in the short to medium…
