Bitcoin (BTC) price rallied over 10% between April 9 and April 14, marking the highest daily close in more than ten months. While some analysts may argue the move justifies a degree of decoupling from traditional markets, both the S&P 500 and gold are near their highest levels in over six months. Bitcoin price breaks $30,000 despite macro headwinds Bitcoin’s…
Ethereum remained above $2,100 to start the weekend, despite crypto markets moving into consolidation. Following this week’s gains, traders have seemingly started to secure gains, with the global market cap down by 0.52% as of writing this. Bitcoin has fallen below yesterday’s peak above $31,000. Bitcoin Bitcoin (BTC) moved back below the $31,000 level on Saturday, as cryptocurrency markets consolidated…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Ethereum defied the odds again. With the latest Shapella upgrade executed, developers have again demonstrated that it’s possible to swap out key parts of a $252 billion rocket mid-flight. The last time they pulled off such a feat was last September with “the merge.” Unfortunately, the same can’t necessarily be…
Cloud computing — or “the cloud” — is an application-based software that distributes computing services throughout the internet, utilizing third-party servers, storage, databases, networking, software, analytics and intelligence to store and process data. Before cloud computing, businesses had to buy and maintain their own servers containing enough space to prevent downtime and outages and manage peak traffic volume. Still, a…
On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing. Bittorrent Creator’s Chia Aims for an IPO…
African users of the bitcoin gaming and payments app Zebedee will now be rewarded in the form of satoshis when they play games or when they listen to podcasts. In addition to being able to convert their rewards into local currencies, African users of the Zebedee app can use it to make cross-border payments. Converting Satoshis to Local Currencies Zebedee,…
South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent $7 million (9 billion won) to Kim & Chang — a top South Korean law firm — right before the collapse of LUNA (LUNA) and UST ecosystems. Kwon’s decision to send millions to Kim & Chang law firm was flagged by prosecutors as a deliberate move, which allegedly reaffirmed…
Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was processed by the Industrial and Commercial Bank of China (ICBC) paves the way for cheaper and simpler payments between the countries, according…
Blockchain security tech firm BlockSec has launched a new toolkit that enables collaborative testing on private chains “forked from arbitrary (transaction) positions” and block numbers on the Ethereum mainnet. The developer and security researcher-focused toolkit is dubbed the “Phalcon Fork” and was launched by BlockSec on April 14. We’re thrilled to introduce Phalcon Fork, a cutting-edge toolkit for Web3 developers…
Tech entrepreneur Elon Musk is reportedly developing plans to create an artificial intelligence (AI) startup to compete with ChatGPT-maker OpenAI, one of the most popular generative AI companies he co-founded in 2015. The revelation came after information surfaced that Musk is assembling a team of AI researchers and engineers, according to Financial Times. While Musk left the board of OpenAI…
