California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations set to begin in 18 months. In a statement published on October 13, Newsom declared that the bill titled the ‘Digital Financial Assets Law,’ would make it mandatory for both individuals and firms to obtain a Department of Financial Protection and Innovation…
Imagine this: It’s a chilly Halloween night, and instead of asking Siri where the nearest pumpkin patch is, you’re inquiring about the secrets of the cosmos. Enter Mistral Trismegistus-7B, a new AI-powered digital mystic that’s ready to guide you through the arcane. Here’s the tech twist: it’s no dream or nightmare. It’s real. Mistral Trismegistus-7B isn’t just an AI—it’s your…
This week, observers caught wind of a stark contrast between large holders of the two top cryptocurrencies on the market–highlighting a seemingly opposite sentiment among whales in Bitcoin and Ethereum. According to on-chain analysis firm Glassnode, Ethereum whales that hold 1,000 or more ETH (worth roughly $1.5 million) have been in a sharp downtrend since 2020, with $20 million ETH being sold…
Hyperinflation and authoritarianism have constantly placed Venezuela in the sweet spot for a national cryptocurrency model. Whether for protection from its collapsing bolívar or to escape Nicolás Maduro’s strict regime, tech pundits are constantly touting the country as a best-case scenario for mainstream Bitcoin and digital asset adoption. But according to a recent report from Chainalysis, Venezuela ranks fifth for…
Top Stories This Week Caroline Ellison wanted to step down but feared a bank run on FTX Caroline Ellison, former CEO of Alameda Research, testified for over 10 hours this week at Sam Bankman-Fried’s trial, offering deeper details on the events that anticipated the FTX debacle in November 2022. From Ellison’s testimony, jurors learned that she planned to leave Alameda…
Sega Co-COO Shuji Utsumi has shared optimistic thoughts on blockchain gaming and the unique role NFTs could play in the future of video games—months after previously telling Bloomberg that he felt play-to-earn games are “boring.” “Within blockchain games, owning assets and, in some cases, earning money, could become player wants that haven’t existed before,” Utsumi said in an interview first…
FTX estate seems to be bullish on Solana’s native token SOL (SOL), as it staked over 5.5 million in SOL coins on Oct. 13. According to on-chain data, an FTX-identified wallet sent the coins to Figment, a staking validator firm for institutional investors. The transaction was detected by blockchain tracker Whale Alert and later identified as an FTX estate address…
Cyberpunk 2077 recently recaptured the attention of gamers with the launch of the Phantom Liberty expansion—and with a game world steeped in AI technology that brought deceased hero Johnny Silverhand back to life as an engram, it makes sense that developer CD Projekt Red would use the technology for a similar real-life purpose as well. What Phantom Liberty players may…
Illustration by Mitchell Preffer for Decrypt. Crypto is down this week, although Bitcoin and Ethereum proved more resilient than a few altcoins. Prices fell—but not by much—driven downward by a globe-rattling Israel–Palestine war and persistent inflation readings in the latest Consumer Price Index (CPI) report by the U.S. Bureau of Labour Statistics. Broadly, investors tend to switch to lower-risk assets…
Ethereum wallet MetaMask went offline on Oct. 14 for several hours on Apple’s App Store, raising concerns about its removal. MetaMask claims to have over 30 million users. The wallet is connected to a range of Web3 decentralized applications (DApps) On Oct. 14, reports surfaced that the MetaMask app no longer appeared in the App Store. Apple users were also…
