If you’re into cryptocurrency or blockchain, there’s a good chance I don’t have to spell out the benefits of decentralization. You’re a first-generation user of a technology that will increasingly define the future of the internet, and you have front-row seats to the world premiere of Web3. The internet’s use and control were always as centralized as we see now.…
Grayscale has renewed a months-long push to persuade the Securities and Exchange Commission to approve converting the crypto investment firm’s $40 billion Bitcoin Trust into an exchange-traded fund (ETF). ETFs bundle securities like stocks or commodities, and allow investors to buy shares of these bundles without owning the assets directly. There are two main types of Bitcoin ETFs: Bitcoin futures…
Illustration by Mitchell Preffer for Decrypt Crypto prices were generally motionless this week as losses from the previous two weeks stalled. Talk of a potential Twitter takeover by Tesla CEO Elon Musk also fizzled. For the most part, it was back to normal, as people reflected on oncoming crypto regulations and shared industry gossip. On Monday, Coinbase Chief Legal Officer…
During the last year, the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection has become one of the most popular NFT projects. After weeks of a continuous rise in value, the current floor price for a single Bored Ape NFT is 130 ether or $382K. Following the floor price rise, the decentralized derivatives exchange Injective Pro has revealed an…
In brief The Akutars NFT launch hit a snag when bugs in the smart contract locked up $34 million worth of ETH. Creators will issue refunds this week and airdrop the NFTs to buyers using a new smart contract. A hotly anticipated Ethereum NFT launch on Friday went seriously awry when apparent flaws in the project’s underlying code (or smart…
We’re going to continue our conversation of Bitcoin’s role in humanitarianism, this time in the realm of private property rights. But before we talk about that, we need to understand why private property is so important. One of the biggest drivers of economic growth and higher standards of living is private property rights. This is the idea that you own…
The Office of Foreign Asset Control (OFAC) has added three ethereum addresses to its Specially Designated Nationals And Blocked Persons List (SDN). OFAC alleges the ether addresses are controlled by the Lazarus Group, a cybercrime group that is associated with North Korea. Lazarus Group Behind Axie Infinity Heist The U.S. Treasury Department’s OFAC has added three ethereum addresses that are…
Bitcoin (BTC) stayed below $40,000 on April 24 as the weekly close looked set to be a painful one for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance bids slowly thin below spot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to retake the $40,000 mark after losing it before the weekend. As traders braced for classic volatility…
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 Lili Zhao, director of ecosystem growth at Neo — an open-source blockchain development platform. The A to Z of Lili Zhao: Authenticity…
Loans based on cryptocurrencies have become a mainstay of the decentralized finance (DeFi) universe ever since the smart contract-based lending/borrowing platforms began offering the service to crypto users. The Ethereum network, the first blockchain that scaled the smart contract functionality, sees most of the total value locked (TVL) on DeFi protocols dominated by cryptocurrency lending platforms. According to data from…
