About the Author Sebastien Borget is president of the Blockchain Gaming Alliance, where he advocates for player-centric gaming, and is also the co-founder of virtual gaming metaverse The Sandbox. The views expressed here are his own and do not necessarily represent those of Decrypt. This story comes from GG. Your Web3 Gaming Power-Up Discover GG While many believe that the…
Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance on allegations of violating federal securities laws. Even though the $25,500 support held for Bitcoin, investors are still digesting the potential impacts of the regulatory action, which also involves Binance CEO Changpeng “CZ” Zhao. According to digital…
Millions of dollars worth of users’ cryptocurrency have reportedly gone missing among users of the self-custodial, decentralized Atomic Wallet. The project on Saturday acknowledged the compromise and said it was doing everything it could to investigate the apparent vulnerability. A wave of accounts on Twitter said their wallets’ contents had been drained of funds, sparking widespread concern throughout Crypto Twitter. …
Illustration by Mitchell Preffer for Decrypt Markets finally began to grow a little this week after four weeks of stagnation. There wasn’t a whole lot of news to drive prices either way. In the U.S., regulators continued to hold the line on their assertion that existing rules are sufficient for the industry. Meanwhile, another domestic crypto exchange—Gemini—continued expanding offshore. The…
The Metropolitan Museum of Art has agreed to return hundreds of thousands of dollars in donations it received from FTX under the leadership of founder and former CEO Sam Bankman-Fried. The museum, located on the Eastern cusp of New York City’s Central Park, is recognized as one of the country’s leading art museums and joins the growing list of organizations…
Only 16% of Americans said they favored a CBDC compared to 34% that opposed the technology’s adoption, according to the latest series of polls conducted by the Cato Institute. The libertarian think tank headquartered in Washington, D.C., took the country’s temperature on a Central Bank Digital Currency (CBDC). Only a sliver of Americans support the notion of a digital dollar,…
The Atomic Wallet team continues to investigate the recent $35 million exploit of its software wallet over the weekend. The crypto wallet provider announced today that “less than 1% of our monthly active users have been affected/reported,” and that the last exploit was reported 40 hours ago. It noted that the “security investigation is ongoing,” and the team is working…
Investors pulled $62 million from crypto funds last week, bringing the seven-week draw down to $329 million, according to a report by Coinshares on Monday. Assets under management, or AUM, fell by 1% in the last week. These withdrawals were driven by an uptick in investors cashing in on short positions after prices rose by 56% across different cryptocurrencies in…
Twitter co-founder and current CEO of fintech firm Block Jack Dorsey appears to have officially endorsed Robert Kennedy Jr., a pro-Bitcoin Democrat presidential candidate. He took to Twitter on Sunday to share a video clip of Fox News’s Harris Faulkner interviewing Kennedy titled: “Robert F. Kennedy, Jr. argues he can beat Trump and DeSantis in 2024.” Dorsey added to the clip:…
Do Kwon will be released from Montenegro detention after his bail request of approximately $427,900 (€400,000) was accepted. This comes after the court verified his property to be “worth millions.” The Terraform Labs co-founder waits to face trial—alongside his former finance officer Han Chang-Joon—in Montenegro for falsifying official documents. Terraform Labs was the firm behind the collapsed stablecoin project Terra.…
