Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Liquid staking giant Lido Finance is finally looking to shake up its tokenomics. Specifically, as alluded to in a new proposal, members of the community are looking to add a staking feature to LDO. Remember: In order to stake directly to the mainnet, users need 32 ETH or nearly $60,000…
In a secret meeting with select creators, Instagram’s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app show a user interface similar to Twitter. Instagram’s plan to rival Twitter was uncovered by Lia Haberman, an influencer marketing and social media marketing teacher at the University of California, Los…
The author didn’t want to give away too many details on the book, but did note that his recounting of the FTX collapse “aims to read like a piece of fiction.” Source: https://cointelegraph.com/app/public/index.php/news/the-big-short-author-michael-lewis-almost-ready-to-publish-book-on-sbf
Promptly after the funds went missing, Swaprum’s Twitter, Telegram and Github accounts were all deleted, however its website is still up. Source: https://cointelegraph.com/app/public/index.php/news/alleged-swaprum-rug-pull-swipes-three-million-in-customer-funds
Michael Lewis, the bestselling author of The Big Short and Moneyball, has revealed that he has almost finished writing his book on Sam Bankman-Fried (SBF) and the collapse of the FTX crypto exchange. The upcoming book is titled Going Infinite: the Rise and Fall of a New Tycoon, and Lewis initially stumbled on to the subject of Bankman-Fried in late…
The launch of Ledger Recover, a service that allows users of the Ledger hardware wallet to back up their secret recovery phrases, met with immense resistance from the crypto community. Ledger co-founder and ex-CEO Éric Larchevêque took the criticism against Ledger as “a total PR failure, but absolutely not a technical one.” Ledger Recover is an OTA firmware update, which…
According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and … Source: https://cointelegraph.com/app/public/index.php/news/strike-moves-global-headquarters-to-el-salvador-expands-to-65-countries
According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and … Source: https://cointelegraph.com/public/index.php/news/strike-moves-global-headquarters-to-el-salvador-expands-to-65-countries
Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile app was operational only in the United States, El Salvador and Argentina. According to Jack Mallers, the CEO and founder of Zap, Strike’s parent company, the expansion drive aims to counter the…
Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform. A rug-pull or exit scam occurs when a seemingly legitimate project ropes in a certain amount of investment or user deposits before promptly shutting everything down, pulling the capital and vanishing off into the distance…
