Plaque commemorating an act of jury nullification in the Old Bailey, London. Introduction With everything going on in the world today, it seems likely that state-level attacks on Bitcoiners will continue to increase. Furthermore, as Bitcoin puts pressure on traditional power structures, the authorities will almost certainly extend or enact unconscionable laws to restrict, tax or otherwise frustrate the free…
Illustration by Mitchell Preffer for Decrypt The prices of leading cryptocurrencies sustained a steady ascent for the third straight week, with market leader Bitcoin setting a 2022 high of $48,000 on Monday. Over on Crypto Twitter, things were a bit calmer than usual. There was a trickle of notable announcements. On Tuesday, crypto whale tracking bot Whale Alert tweeted that…
On Sunday, April 3, the total value locked (TVL) in decentralized finance (defi) has risen to $231 billion. The TVL is nearing the all-time high (ATH) of $256 billion recorded on December 2, 2021, as it’s only 10.82% under the TVL’s ATH. Additionally, while Curve Finance continues to dominate in terms of TVL, the defi applications Lido and Anchor have…
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 Chen Li, the co-founder and CEO of Youbi Capital, a venture capital firm investing in blockchain technologies and disruptive decentralized applications. Chen…
These days, crypto is composed of layer-1 and layer-2 technologies. Layer 1s are the base layer of a blockchain network—think Solana, Ethereum and Bitcoin. Layer-2 networks sit on top of layer-1 networks. Usually, layer 2s are faster and cheaper than the base layer of the blockchain. Sometimes, they can do things that layer-2 blockchains cannot, such as accept assets from…
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered as “innovative companies,” to receive millions of dollars in tax preferences. 5 Mining Entities in Kazakhstan Get $18 Million in Tax Exemptions Auditors in Kazakhstan have identified crypto mining enterprises…
Bitcoin (BTC) bulls had everything to play for on April 3 as the first weekly close of the month looked set to be above the all-important $46,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Anything could happen in final hours of Sunday Data from Cointelegraph Markets Pro and TradingView painted an interesting picture Sunday, as commentators waited for some classic end-of-week…
Occasionally, you’ll read a news item about an eccentric individual who accumulated a substantial quantity of money and stashed it all away under a mattress. We shake our heads and wonder why someone would do such a thing. Doesn’t he understand the risks involved? A fire could burn it all or a thief could steal the entire stash! He could…
The primary purpose of the Ethereum name service (ENS) is to convert machine-readable identifiers like Ethereum addresses to human-readable names. The web began as a decentralized system based on the DNS, with anybody able to buy, own and manage their domain name and move it from one host to another as needed, with complete control and ownership over all underlying…
In brief Fan Controlled Football, a physical sports league with digital interactivity elements, is expanding into NFTs for its new season. Prominent NFT creators and influencers own new teams in the league, while fans can buy NFTs to help govern those teams. It’s right there in the name: American sports league Fan Controlled Football was built to give power to…
