Illustration by Mitchell Preffer for Decrypt As the war in Ukraine entered its second week, Twitter proved to be both an invaluable source of information and a great fundraising tool for humanitarian and defense efforts. It was through Twitter that Ukraine’s government first started soliciting Bitcoin, Ethereum, and Tether donations—a crowdfunding drive that’s so far raised well over $50 million.…
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.” While Wall Street Fears Stagflation, Analyst Believes ‘Global Markets…
In 2021, crypto went more mainstream than ever before, and there’s now a growing library of books exploring Bitcoin and blockchain tech for the legions of crypto-curious. Decrypt’s staff has rounded up a list of our favorites: Digital Gold, by Nathaniel Popper We may still not know exactly who the pseudonymous Bitcoin creator Satoshi Nakamoto is, but Digital Gold will…
In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable. What the name could be, however, is aspirational…
About the author Lewis Taub is a certified public accountant and a director of tax services at Berkowitz Pollack Brant Advisors and CPAs. He works on tax issues for businesses and individuals, and has a special focus on minimizing the tax impact of cryptocurrency transactions. He can be reached at ltaub@bpbcpa.com. It’s tax season and, more than ever before, the…
Following a week-long winning streak, ANC finally fell on Sunday, as crypto bears finally entered the fray. Despite this, WAVES managed to maintain recent highs, and has now climbed close to 60% in the last week. Anchor protocol (ANC) Following a streak of fresh record highs from Wednesday to Saturday, Sunday saw anchor protocol (ANC) fall by over 20% as…
The crypto-economy has been sliding in value during the last 48 hours as the current market valuation for all 13,000+ crypto assets is $1.83 trillion. Furthermore, the total value locked (TVL) in decentralized finance (defi) protocols has slipped below the $200 billion mark to $196.02 billion on Sunday morning (EST). Meanwhile, Ethereum’s dominance is 55.54% of the current aggregate TVL…
Prolific developer Andre Cronje has quit decentralized finance, according to an announcement today by his colleague Anton Nell, a senior solutions architect at the Fantom Foundation, who’s joining him in that decision without citing a reason. Cryptocurrencies associated with Cronje’s projects, such as FTM and YFI, dove sharply after the surprise announcement—yearn.finance (YFI) plunged 13% from almost $20,000 to $17,000.…
Bitcoin remained under the $40,000 level on Sunday, as bears continued to pressure cryptocurrency markets. This pressure also kept ethereum lower, with the world’s second-largest crypto hovering around its long-term support level. Bitcoin Sunday saw the price of bitcoin (BTC) trade lower for a fifth consecutive session, as it was unable to shake off recent bearish pressure. BTC/USD fell to…
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Reeve Collins, co-founder of BLOCKv — a platform for creating, minting and distributing next-generation programmable NFTs. I have always found myself at the…
