On Nov. 15, 2022, a post was created on the forum website bitcointalk.org and the thread’s creator asked people to share signatures tied to some of their oldest mined bitcoin blocks. 11 days later, a newly created bitcointalk.org profile, called “Onesignature,” shared a signed message tethered to an extremely old block reward created on Jan. 19, 2009. The key was…
According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Report Claims Genesis Owes the Winklevoss-Operated Exchange Gemini $900 Million FT reports that the centralized crypto asset exchange created by…
This week in coins. Illustration by Mitchell Preffer for Decrypt. If last week was a mixed bag of flatness for the largest coins, this week offered the first real signs of gains following the catastrophe of FTX’s spiral into bankruptcy. Bitcoin (BTC) rose 2.7% over the past seven days and currently trades at around $17,000. Its closest rival Ethereum (ETH)…
Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owes $900 million to Gemini’s clients, according to a Financial Times report disclosed on Dec. 3 citing people familiar with the matter. The issue derives from the FTX dramatic collapse in November. Crypto exchange Gemini operates a product called Gemini Earn in partnership with Genesis, offering investors the…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) There’s been a ton of chatter about wrapped tokens like Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH) this week—some of it legitimate, some of it top-tier shitposting. Earlier this week, several notable crypto Twitter accounts began peddling the idea that WETH was on the verge of collapse. “ATTENTION: WETH is about…
Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday’s volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day. Quant (QNT) Quant (QNT) was trading near a multi-week high on…
Decentralized finance (DeFi) markets may have cooled down over the past year, but the technology powering these applications continues to advance. In particular, smart contract platforms that enable transactions to take place across DeFi applications are maturing to meet enterprise requirements. While it’s notable that enterprises have previously shown interest in DeFi use cases, smart contract limitations have hampered adoption.…
Bitcoin was consolidating to start the weekend, as prices once again fell below $17,000. The move comes as traders continued to digest the latest U.S. nonfarm payrolls report. Ethereum was also marginally lower in today’s session, with price dropping below a key resistance point. Bitcoin Bitcoin (BTC) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report.…
Fiat, an automotive brand property of Stellantis, has launched its first metaverse-based store, which the company claims is the first showroom of its kind. The experience, which was developed with tech supplied by Touchcast and Microsoft, aims to make the virtual process of reviewing a car more interactive. Fiat Introduces Metaverse-Based Store Fiat, an automotive brand property of one of…
Alibaba Cloud, a.k.a Aliyun, a subset of Chinese e-commerce giant Alibaba, announced an integration with Avalanche blockchain to power the company’s Node-as-a-Service initiatives. Avalanche’s partnership with Alibaba Cloud will see the development of tools that enable users to launch validator nodes on Avalanche’s public blockchain platform in Asia. The integration will allow Avalanche developers to use Alibaba Cloud’s plug-and-play infrastructure…
