This week in coins. Illustration by Mitchell Preffer for Decrypt Bitcoin suffered minimal losses this week, about 0.87%, while Ethereum sank 9% to $1,792. Several so-called Ethereum killers, aka smart contract-enabled layer-1 blockchains, were among the biggest losers: Cardano fell 12% to $0.46, Avalanche dropped 19% to $23.53, Algorand crashed 14% to $0.36, NEAR dropped 17% to $4.87, and Solana…
DOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it rose by nearly 5%. Dogecoin (DOGE) DOGE was one of the most notable movers in crypto markets on Saturday, coming as traders continued to buy the…
A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion. GMT’s price has rebounded by nearly 35%—from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the price fell in the same range, which had acted as support before GMT’s 500% and 120% price rallies…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) One of the more interesting considerations in the world of crypto—one championed as a bastion of transparency and open-source code—is whether a decentralized platform qualifies as a public good. If it’s a public good, then the service should be open to anyone and everyone. What’s more, using such a service doesn’t make it scarcer for…
Dr. Riste Simnjanovski is a tenured professor of public administration at California Baptist University. Most recently, his published research explores digital assets in the public and private sectors. In 1873, Mark Twain and Charles Dudley Warner copublished the novel, “The Gilded Age: A Tale of Today.” While the text doesn’t receive the recognition it should, possibly as a result of…
Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Bitcoin Following a brief rebound on Friday, BTC once again moved lower, with prices falling under the $29,000 mark to start the weekend. Yesterday…
Crypto holders can’t wait to see the end of May, a month that has brought nothing but losses. And while it’s too soon to say whether the worst is over—Bitcoin is below $30,000 right now and could go lower—it feels like the industry will come through the downturn just fine. So long as the Ethereum merge goes off okay, that…
Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head around why NFTs exist, demand has soared, institutions have been built, and the lingo has entered our collective consciousness. There is an elephant in the room, though: NFTs are difficult to use and a majority of…
press release PRESS RELEASE. In another groundbreaking achievement, the blockchain-based metaverse platform Dvision Network has just announced its official onboarding on Binance Custody. As such, Binance’s custody services arm will support deposits and withdrawals of Dvision’s native token, DVI, on its platform. The support for DVI token on Binance Custody will be provided in a cross-chain manner, adding support for…
Do Kwon, the co-founder and CEO of Terraform Labs, confirmed the relaunch of Terra’s new chain, Terra 2.0, which aims to revive the fallen Terra (LUNA) and TerraUSD (UST) ecosystem. Kwon’s revival plan for Terra involves hard forking the existing blockchain and reissuing LUNA tokens to existing investors based on a snapshot before the death spiral bled the LUNA and…
