As Ethereum regains lost ground in the crypto bear market, so too are some of its biggest competitors. Solana, Avalanche, Algorand, Polkadot, and Cardano—sometimes referred to as “Ethereum killers” because they offer similar features to the leading smart-contract network but at significantly lower costs—are climbing. Solana’s native cryptocurrency SOL is up 11% in the past 24 hours and has spiked…
Crypto fans are rejoicing at the sight of green across the market on July 19 as the months of “down only” price action have finally come to an end after the market flashed its first substantial relief rally in at least a month. Data from Cointelegraph Markets Pro and TradingView shows that much of the newfound excitement is the result…
According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims, as discovered through a recent 3AC creditors meeting. In addition, the claim amount could be understated, as many have either not made their claim or have not disclosed their claim amounts for reasons…
In brief Bitcoin gaming startup Zebedee has raised a $35 million Series B funding round. Final Fantasy publisher Square Enix is one of the startup’s new backers. While a lot of crypto gaming activity is taking place in the Ethereum and Solana ecosystems, Zebedee has consistently banged the drum for Bitcoin over the last couple years. Now the gaming startup…
The bitcoin mining operation Marathon has announced the company has secured 254 megawatts of new hosting deals with the option to increase to 324 megawatts (MW). Marathon’s latest expansion deals should support the bitcoin mining firm’s intended goal of securing approximately 23.3 exahash per second (EH/s). Marathon Secures 254 MW of Bitcoin Mining Capacity — Firm Aims to Have 23.3…
Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation. In a speech on the MAS Annual Report on Tuesday, Menon said crypto-related companies including TerraForm Labs and Three Arrows Capital,…
BNP Paribas, a leading private bank in the Eurozone, is reportedly entering the custody space for bitcoin and other cryptocurrencies.The bank will partner with Metaco, a Swiss digital asset custody firm who has existing banking partnerships.It is unclear whether or not Metaco will serve as custodian or a consultant and what digital assets will be the focus of the bank.…
press release PRESS RELEASE. Austrian Post, the national postal service of Austria, has announced the launch of its latest product called Crypto stamp art (CSA), which is based on the Ethereum blockchain. The shift to focus on going digital first is significant, since Austrian Post is a major player in the blockchain industry and have successfully sold out several iterations…
Digital asset exchange Crypto.com has received approval from Italian regulators to offer its services in the Mediterranean country — a move the company says aligns with its vision of “building lasting growth in the region.” On Tuesday, Crypto.com announced that it had officially received registration and regulatory approval from Organismo Agenti e Mediatori, also known as OAM, Italy’s primary anti-money…
Art by Grant Kempster Welcome to DeFi D.I.Y., where Decrypt’s DeFi whiz walks you through how to use a specific DeFi tool or platform. Today: moving funds around on Hop Protocol. Moving between Ethereum mainnet and popular Layer 2 solutions like Arbitrum and Optimism is an incredibly important frontier for the crypto space. And now there’s a project to take…
