Despite a brutal bear market, money is still flowing into the crypto space: The founder of blockchain infrastructure provider Polygon today launched a new crypto-focused venture capital firm with $50 million in the bank. Headed up by Polygon’s Sandeep Nailwal and Cere Network founder Kenzi Wang, Symbolic Capital launched in May—but today announced that despite the crypto market crashing, it…
Police have closed down at least 16 cryptocurrency exchanges in the Herat province of western Afghanistan in the last week, according to a report in Ariana News, an independent news outlet in that country. The report quotes a local police official as saying arrests were made during the closures. The closures were carried out in response to a ban on…
Blockchain development company Alchemy today announced the acquisition of ChainShot, an educational platform that helps aspiring Web3 developers find their footing in the crypto space. For Alchemy, which has oft been dubbed the “AWS for blockchain,” this represents the first-ever acquisition that the company describes as “a major step towards free access to high-quality web3 education.” While Alchemy declined to…
On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic’s hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network’s second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH/s) on August 20, 2022. Ethereum Classic Hashrate Spikes Following the Latest Merge…
In brief Online discussion community Reddit is airdropping free NFTs to some of its top users. Reddit launched the Polygon-based “Collectible Avatars” last month and also sells them. Popular online discussion platform Reddit is leaning harder into blockchain technology, and recently announced that it would launch a series of NFT avatars based on its Snoo character. But now, in addition…
By Faryar Shirzad, Chief Policy Officer Tl;dr: We’re launching our U.S. crypto policy education initiative today, which includes a voter registration portal, to respond to our community’s strong interest in learning more about where their representatives and candidates for public office stand on issues of importance to the crypto community, and in finding ways to have their voices heard. Today,…
Non-fungible tokens (NFTs) are, ultimately, a form of digital media. And just like other digital media—from the words written in Decrypt articles to YouTube videos and streamed music—NFTs, in their most basic form, consist of data made up of 1s and 0s. That’s important because everything associated with the NFT—from the smart contract it lives in to the URL you…
In this weeks episode of Market Talks, we welcome professional trader Charlie Burton. Charlie is a professional trader with 24 years of experience and has been trading full-time since 2001. He is the founder of EzeeTrader and Charlie Burton Trading. He is also undefeated in the annual London Forex show live trade-off for the 5 years it was running. He…
Alexey Pertsev, a Tornado Cash app developer who was recently apprehended by Dutch police over suspected money laundering charges, has been ordered to stay in prison for an additional 90 days. “It is not clear what arguments they had for not releasing him under house arrest,” Xenia Malik, Pertsev’s wife, told Decrypt. “Lawyers confirmed [the additional 90-day holding], but I…
Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub. In a Thursday announcement, Siam Commercial Bank’s SCB X Group said it would no longer be paying 17,850 million Baht — roughly $536 million in November and $497 million at the time of publication — to acquire a 51%…
