A new bridged token from cross-chain protocol LayerZero is drawing criticism from nine protocols throughout the Ethereum ecosystem. A joint statement from Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router on October 27 called the token’s standard “a vendor-locked proprietary standard,” claiming that it limits the freedom of token issuers. Today, we’re announcing a unified call for Open…
Hold onto your beer mugs, folks! The digital realm’s reigning queen, Amouranth, is diving deep into the world of brewing. But this isn’t your grandpa’s ale; it’s got a, er, personal touch. Amouranth, the Twitch sensation known for her steamy hot tub streams and, let’s just say, “unique” product offerings, is stirring the pot yet again. This time, she’s teaming…
Sam “SBF” Bankman-Fried’s defense attorney Mark Cohen heard testimony from the former FTX CEO on his relationship with Caroline Ellison and political donations from the crypto exchange. According to reports from the courtroom on Oct. 27, Bankman-Fried claimed not to have discussed donations to U.S. politicians with former FTX engineering director Nishad Singh and former FTX Digital Markets co-CEO Ryan…
Chainlink’s native token, LINK, has jumped 6% in the past day while Bitcoin and Ethereum prices hold steady. The LINK token is changing hands at $11.01 at the time of writing, according to CoinGecko, having recently settled at a market capitalization of $6.1 billion. The token has roughly doubled its market capitalization since June this year. But it’s still a…
Stock image library site Shutterstock is joining the growing list of image providers turning to artificial intelligence to stem the tide of unauthorized AI-generated images. On Thursday, Shutterstock announced the integration of a new generative AI tool called Creative AI into its library of over 700 million images, allowing users to create customized AI-generated works that are appropriately licensed. A…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was filled with bullish resurgences for many projects, but it was the Uniswap founder’s $650 billion HayCoin (HAY) burn — 99% of the token supply — that…
Illustration by Mitchell Preffer for Decrypt. The last seven days were an exhilarating ride for holders of many leading cryptocurrencies, with multiple coins posting double-digit percentage gains by the start of the weekend. The marketwide rally began last week, when rumors and speculation that a Bitcoin spot ETF was about to be approved in the United States drove Bitcoin (BTC)…
The Chainlink’s (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK price then stabilized around $10.50, prompting investors to question the sustainability of this new price level. Chainlink (LINK) token price, 12-hour, USD. Source: TradingView It’s worth noting that this surge coincided…
Gemini today sued digital asset lender Genesis over who rightfully owns $1.6 billion in Grayscale Bitcoin Trust shares. A Friday lawsuit filed in the U.S. Bankruptcy Court Southern District of New York shows that New York-based cryptocurrency exchange Gemini wants to regain control of the shares to pay back the clients of its Earn program. Gemini and Genesis have been…
Crypto exchange Kraken is set to share data on tens of thousands of its users with the Internal Revenue Service (IRS), in compliance with a June court order, the company has announced. The company, specifically, will share information regarding cryptocurrency transactions above $20,000 made by Kraken customers between 2016 and 2020. U.S.-based users who made such transactions will have their…
