The value of Luna Classic, LUNC, is up over 70 percent for the week and up over 44 percent for the month, hitting $0.000365 mid Sunday as traders awaited final token burn numbers from Binance. This as most cryptocurrencies saw minimal gains. As impressive as the relative numbers are, the price is a far cry from its $100 price in…
274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an all-time price high in November 2021 and today, a great majority of the top crypto assets are down between 70% to 90%…
Brian Quintenz said he understands why the crypto industry isn’t happy with the Securities and Exchange Commission (SEC)—but doesn’t see regulation itself as the problem. The former head of the Commodity Futures Trading Commission (CFTC) said the regulatory environment for crypto is cumbersome in its current form, and in an interview at Mainnet 2022, he told Decrypt why some are…
As one of the oldest entertainment industries in existence, the music business has experienced many technological advances that enhanced widespread adoption. The digitalization of music meant that artists could reach any audience across the world, and digital distribution gifted people with unlimited access to music. With these advances in distribution came some drawbacks in music monetization. The way musicians make…
Illustration by Mitchell Preffer for Decrypt Bitcoin and Ethereum managed to escape a broader slide this week as the market briefly reclaimed a trillion dollar market capitalization. XRP, Cardano, Chainlink and Cosmos posted the biggest losses among the twenty leading currencies. The week began on crypto Twitter with Ukraine DAO—a decentralized autonomous organization (DAO) that has so far raised millions…
According to a recent report, the world’s largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Group’s decision follows the digital currency exchange FTX, as the crypto company applied to become a derivative clearing organization and awaits approval from the U.S. Commodity Futures Trading Commission (CFTC). If CME Group is approved to…
Illustration by Mitchell Preffer for Decrypt Bitcoin and Ethereum managed to escape a broader slide this week as the market briefly reclaimed a trillion dollar market capitalization. XRP, Cardano, Chainlink and Cosmos posted the biggest losses among the twenty leading currencies. The week began on crypto Twitter with Ukraine DAO—a decentralized autonomous organization (DAO) that has so far raised millions…
Today’s blustery global economy has everyone on edge as inflation has wreaked havoc on the wallets of ordinary people and energy prices continue to soar worldwide. According to Credit Suisse, “the worst is yet to come,” as the global investment bank’s analysts believe the European Union (EU) and the U.K. are already dealing with a recession. S&P Global has a…
The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long term-one, according to forex trader and crypto analyst Alessio Rastani. During the October-December 2022 period, the analyst expects to see the S&P rallying. “If that bounces or rally fails and drops back down again, then…
Time President Keith Grossman: ‘NFTs Will Disrupt Any Industry That Lacks Transparency’ TIME President Keith Grossman tells Decrypt’s Dan Roberts and Kate Irwin in our Decrypting Mainnet series at Mainnet 2022 about how he brought Time into Web3 even as people asked him if he was crazy, the visceral feelings some people have against NFTs, what use cases for NFTs…
