Illustration by Mitchell Preffer for Decrypt The week was truly a mixed bag. Leading cryptocurrencies recaptured lost ground after weeks of general declines, but on the business side of things, Vauld and Voyager became the latest crypto lenders to battle insolvency after Celsius and BlockFi. Along those lines, former leading crypto hedge fund Three Arrows Capital (3AC) recently filed for…
Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down more than 81% since that day and despite the fact that 80,744…
Bitcoin (BTC) hit three-day lows into the July 10 weekly close as $21,000 gave way as short-term support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes bullish divergences across markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up some of its gains from earlier in the week while still looking to cap its best weekly gains…
During the past eight months, crypto assets have shed enormous value against fiat currencies like the U.S. dollar. Bitcoin has shed 69% since the leading crypto asset’s all-time high on November 10, 2021, when the digital currency’s value tapped $69K per unit. The crypto economy has seen some healing as the market capitalization of all 13,413 tokens in existence is…
The metaverse space is moving rapidly in terms of hype and the volume of new projects being launched — so much so that the industry market size is projected to grow from $100.27 billion in 2022 to $1,527.55 billion by 2029. But how many of these new projects are even remotely capable of realizing the actual vision set out? We’re…
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 Rene Reinsberg, a co-founder of Celo, an open platform that makes financial tools accessible to anyone with a mobile phone. Rene Reinsberg…
FTX CEO Sam Bankman-Fried has rushed to the rescue of ailing crypto firms so quickly amid the current crash that he is being compared to John Pierpont Morgan (the man himself, not the bank) in 1907. Now his rivals are taking note, and they want in on the bailout race. Last month, FTX extended a $250 million line of credit…
In this week’s bite-sized digest of the hottest stories from Bitcoin.com News, a hacker claims to have stolen a massive amount of Chinese citizens’ personal data from Shanghai police, and now wants to sell it for ten bitcoins. Also, Mark Zuckerberg’s Meta has ditched the Novi project, after unveiling a new metaverse wallet. These stories and more, right below. Leaked…
Digital identity has been a fraught subject since the earliest days of the internet. Web2 bridged the gap between people’s offline lives, online identities, and creative and consumer habits, which has given way to a thoroughly integrated internet experience designed to be as personalized and targeted as possible. As a new phase of virtual interaction and digital identity appears on…
Would you buy an NFT for $1,000? How about for $10? With the recent staggering losses in the crypto market, speculators have fled the once-frothy NFT market, taking what was left of their money with them. Floor prices for top collections have crashed to earth. Now some people in the industry producing original digital art—as opposed to collectible PFP (profile…
