Almost 50 Terra projects, including the NFT marketplace OnePlanet and metaverse game Derby Stars, have begun migrating to Polygon—and more are on the way. “We will be putting capital and resources against these migrations to welcome the developers and their respective communities,” CEO Ryan Wyatt tweeted on Friday. In a separate tweet, also on Friday, OnePlanet wrote: “Thanks to all…
On June 30, Ethereum developers delayed the network’s difficulty bomb via the Gray Glacier update, which means The Merge won’t happen at least until September 2022. Meanwhile, there’s now more than 13 million ethereum locked into the Beacon Chain worth $15.8 billion using today’s prices. More Than 13 Million Ether Worth $15.8 Billion Deposited Into the Ethereum 2.0 Contract This…
This week Bitcoin.com News spoke with Gerald Celente, the popular trends forecaster, and publisher of the Trends Journal. During a telephone conversation, Celente discussed the uncertainty surrounding the global economy after governments worldwide locked down the world’s citizens over the Covid-19 pandemic, shut down businesses and injected trillions into the economy. The discussion touches upon gold, bitcoin, the pandemic, the…
A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of VC Roundup. The monumental collapse of the Terra ecosystem spilled over into other segments of the digital asset market, exposing over-leveraged traders, lending platforms and venture capital funds. In the process, Bitcoin’s price plumbed new lows, falling below the previous cycle’s peak for the…
This week in coins. Illustration by Mitchell Preffer for Decrypt It was a great week for investors as nearly all of the top 100 cryptocurrencies by market capitalization grew in value, despite the lingering crypto winter exacerbated by insolvency issues at crypto lenders Vauld and Voyager. Bitcoin has jumped more than 12% over the last seven days to trade at…
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken out by Celsius — Stablecoin…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) One of the best parts of DeFi is its transparency, and recent events in the lending market have made that abundantly clear. Everyone in the market can see who’s borrowing what, how much they’re borrowing, and, perhaps most importantly, at what price level they face liquidation. Compare this to various…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) One of the best parts of DeFi is its transparency, and recent events in the lending market have made that abundantly clear. Everyone in the market can see who’s borrowing what, how much they’re borrowing, and, perhaps most importantly, at what price level they face liquidation. Compare this to various…
What doesn’t kill you makes you stronger. As the crypto winter hits hard, some crypto businesses are focused on merely surviving, but others are working hard on growing. The Latin American exchange Ripio says it’s expanding its business and increasing interaction with cryptocurrency enthusiasts—both beginners and experts. To that end, it’s focused on various initiatives, including the launch of a…
What doesn’t kill you makes you stronger. As the crypto winter hits hard, some crypto businesses are focused on merely surviving, but others are working hard on growing. The Latin American exchange Ripio says it’s expanding its business and increasing interaction with cryptocurrency enthusiasts—both beginners and experts. To that end, it’s focused on various initiatives, including the launch of a…
