According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as soon as possible.” Binance Reveals U.S. Subsidiary to Purchase Voyager Digital’s Assets for $1B, Company Bid Seeks Bankruptcy Court…
Disgraced crypto mogul Sam Bankman-Fried is preparing to be extradited to the United States as soon as today, according to a news report, apparently changing course after initially fighting the request from U.S. authorities. FTX founder and former CEO Bankman-Fried (SBF) is reportedly ready to leave the Bahamas to face charges in the United States, Bloomberg claimed early Monday, citing a…
Shiba inu rose for a third consecutive session on Monday, as the meme coin continued to move away from last week’s lows. Today’s surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing. Monero was another notable mover to start the week, as it too rose in back-to-back sessions. Shiba Inu (SHIB)…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) If there’s a DAO, there’s a whale—and it’s probably vying for domination. In this case, Balancer has taken an interesting pivot against a crypto cetacean roaming its digital waters. After roughly eight months harvesting the popular DeFi project’s coin, Humpy has agreed to a peace treaty of sorts. Yes, Humpy is really…
According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments’ CEO Michael Sonnenshein said that the firm may consider “a tender offer for a portion of the outstanding shares of GBTC [Grayscale Bitcoin Trust]” if the latter’s exchange-traded fund conversion process is ultimately unsuccessful. Sonnenshein stated that “such tender offer would be for no more than 20%…
Bitcoin (BTC) stayed rigid below $17,000 at the Dec. 19 Wall Street open as skeptical traders feared more downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC traders call time on upside potential Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around the $16,700 mark, practically unmoved over the weekend. The pair saw only fractional volatility at the…
With the Grayscale Bitcoin Trust (GBTC) hitting deeper discounts by the day, the firm’s CEO is now weighing new options for how to shore up investors should the trust fail to get converted into a Bitcoin ETF. Grayscale’s flagship offering gives more traditional investors an easy way to gain exposure to Bitcoin without needing to buy or hold Bitcoin themselves.…
The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies in another, discriminating on the collateral and quantity that banks might hold for each one. Basel Committee Defines…
Cryptocurrencies and blockchain are the building blocks of Web3. However, the decentralized web also relies on technologies like AR, VR, IoT and others unrelated to blockchain or digital currencies. The third generation of the internet, known as Web3, is based on blockchain technology. However, technologies like machine learning, big data, artificial intelligence (AI), the Internet of Things (IoT), augmented reality…
The proof-of-stake (PoS) blockchain Axelar launched on Dec. 19 a $60 million startup funding program dedicated to accelerating the development of decentralized applications and protocols that can replace centralized exchanges. The initiative is backed by over 15 blockchain investors. Dubbed Axelar Ecosystem Startup Funding Program, the initiative was designed to foster the development of Web3 applications addressing global issues that…
