Crypto volatility is nerve-wracking, and it may not be over yet. The turmoil may make crypto investors and crypto-related businesses less enthusiastic than when prices seemed ever to be climbing. With the market falling off a cliff, there will be big losses to claim on your taxes, right? Not necessarily. As your United States dollars shake out in the digital…
Illustration by Mitchell Preffer for Decrypt It was the eighth consecutive week of broader crypto market losses—although Bitcoin proved to be one of the more robust coins over seven days, taking just a 2% hit—but Crypto Twitter was comparatively quiet. That didn’t stop “Pharma Bro” and convicted fraudster Martin Shkreli—infamous for raising the price of toxoplasmosis drug Daraprim by 5,000%—barely…
Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Stocks correlation offers no comfort to BTC bulls Data from Cointelegraph Markets Pro and TradingView flagged the largest cryptocurrency heading for nine weeks of downtrend in a row — the most in history. Already…
The Great Pyramid of Egypt held the record for tallest man-made structure for at least 3,800 years, and its 2.3 million blocks weigh 6 million tonnes. The massive granite blocks forming chambers at its core weigh up to 80 tonnes each and are situated over 40 meters above ground level. It is at the very least 4,500 years old, and…
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked (TVL). Makerdao’s DAI Regains the Top Decentralized Stablecoin Position This month, it’s quite clear that the Terra LUNA…
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 Andrew Levine, CEO of Koinos Group, which is focused on accelerating the transition to a more decentralized future by helping entrepreneurial developers, entrepreneurs…
Job creation is traditionally engineered by politicians desperate to get the country back to work and to be seen as stimulating the economy. From the job creation programs of the Great Depression to United States President Barack Obama’s American Jobs Act, employment schemes have a long, checkered history. Today, fostering meaningful employment for the masses remains as popular as ever…
If you’ve finally wrapped your head around the idea of artwork as NFTs—blockchain-based tokens that prove ownership of a digital asset—consider now how that concept could find its way back into the physical world. As quarantine restrictions lift, Web3 and NFT companies are leveraging more and more physical activations to grow their communities. A great example would be at last…
From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week. Without further ado, this is the Bitcoin.com News Week in…
Crypto has taken over the world, and Formula One was no exception to the disruption. From NFTs and fan tokens to multi-year partnerships, the crypto community continues to support the F1 landscape in numerous ways. Monaco Grand Prix 2022 saw F1’s fastest pit crew, Oracle Red Bull Racing (ORBR), partner with crypto exchange Bybit to launch ORBR’s 2022 NFT collection…
