Crowdfunding platform Kickstarter has revisited its plans to transition to blockchain technology after receiving backlash from segments of its customer base. Last month, Kickstarter announced it was creating a new blockchain-based version of its platform. “We think bringing all that we’ve learned about crowdfunding since 2009 to inform the development of a decentralized protocol will open up exciting new opportunities…
Bitcoin (BTC) continued its decline further into the week as BTC clung to the $40,000 support level on Feb. 18. BTC price up-down debate “mostly noise” While many analysts anticipated BTC’s price to fall towards $30,000 next, mostly based on technicals, Jurrien Timmer of Fidelity Investments lambasted the downside bias, calling it “mostly noise.” Bitcoin has been in a choppy…
Nicole Muniz, CEO of Yuga Labs—the company behind the Bored Ape Yacht Club NFT collection—criticized Buzzfeed for revealing the identities of the Bored Ape founders. “Releasing their identities and frankly only giving us 30 minutes was very, very dangerous for them and their families,” she said during an interview with D3 Network. During the same interview, Muniz said, “We believe…
Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature by President Volodymyr Zelensky who requested some changes. Majority of Ukrainian Deputies Back Law ‘On Virtual Assets’ Verkhovna Rada, Ukraine’s parliament, has adopted new legislation that will govern crypto activities…
The Ministry of Finance of the Russian Federation has officially initiated work on the country’s cryptocurrency regulation bill, filing the first public notice on the federal legal portal. Russia’s finance ministry on Thursday filed two development notices announcing the start of the process of developing a legal framework for activities related to transactions with digital currencies and their issuance. The…
KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto industry in 2022 and governance will be run through decentralized autonomous organizations (DAOs). With the DeFi ecosystem continuing to be plagued by criminal whales, the risks of financial loss within…
Bitcoin (BTC) saw its first major test of $40,000 for several weeks overnight, but what price zones are traders watching next? Whether long or short-term, the answer for many is simple: the range is still intact. Bitcoin wobbles after “moment of truth” On the back of macro pressures, BTC/USD saw a moderate sell-off on Feb. 17 which continued into Friday,…
After eradicating crypto trading and mining in the country, the Chinese government’s next concern lies with the growing scams around the metaverse projects. The Chinese Banking and Insurance Regulatory Commission issued a risk warning for the common public against fraudulent metaverse projects. The notice highlighted how the buzz around metaverse had made it a primary target of scammers and fraudsters…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Why are gas fees on Ethereum dropping? It was, after all, not too long ago that it cost an arm and a leg just to approve a transaction on the network, let alone start swinging your digital scythe in a yield farm. Now, we’re seeing sub-$10 moves (or at least…
Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia. Binance announced Thursday its entry into the Association of Banks of Russia, aiming to facilitate dialogue with local authorities, lawmakers and experts in the cryptocurrency industry. Founded in 1990, the association includes over 300 banks…
