Illustration by Mitchell Preffer for Decrypt The week was a cautiously optimistic one for an industry still shaken by the turmoil of last year. Prices grew all week with Solana leading the charge with a 36% rally, all the more surprising considering SOL’s price was in freefall for the last two months following the collapse of FTX. But there are…
Federal prosecutors in New York, along with the SEC, are investigating Digital Currency Group (DCG) for internal transfers at its lending subsidiary Genesis, Bloomberg reported on Friday. DCG has received requests for documents and interviews by prosecutors in the Eastern District of New York, the report states, citing people familiar with the investigation. The SEC is also separately investigating DCG,…
The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw increases over the last week. Bored Ape NFT Collection Leads the Way with $19 Million in Sales, 52.82% Increase from Previous Week According…
Mexico’s central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by 2024. According to local media reports, Mexico’s central bank, known as Banxico, is currently working on legal, administrative, and technological requirements for the peso’s digital version. The first of three stages for the proposed launch timeline. In…
Ryan Selkis, co-founder of the crypto market intelligence firm Messari, was suspended from Twitter on Saturday for pretending to be Ryan Selkis. “I was suspended for allegedly impersonating myself, so I imagine that will be corrected,” Selkis told Decrypt. “The team over [at Twitter] is relatively short staffed given all the changes, so I don’t know if that’ll happen Monday…
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation Following a Reuters report in…
Inspired by the creative possibilities in Web3, the electronic musician and past world champion turntablist Niall Dailly, a.k.a. DJ Plus One, built interactive visual experiences around his new album “Metamorphic.” And there’s a unique twist: NFT holders can ultimately decide whether the rest of the world gets to freely experience that media. Dailly, a past member of the Scratch Perverts…
Crypto conglomerate Digital Currency Group, or DCG, are under investigation by the United States Department of Justice’s Eastern District of New York (EDNY) and the Securities and Exchange Commission (SEC), according to a Bloomberg report. The authorities are digging into internal transfers between DCG and its subsidiary crypto lending firm Genesis Global Capital, noted the report citing people familiar with…
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy at MKS Pamp Group, there…
In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashion, the CAR followed in El Salvador’s footsteps. El Salvador has since boasted surging tourism numbers, a resilient economy and a healthy amount of free PR…
