Bitcoin (BTC) will “most likely” see a serious price drawdown before a key date for institutional investors dawns, says gold bug Peter Schiff. In recent X activity, the longtime Bitcoin skeptic sounded the alarm over recent BTC price gains. Schiff bets on a BTC price “crash” before ETF launches Bitcoin is a favoirte topic of criticism for Peter Schiff, the…
The “fixReducedOffersV1” amendment is now in a two-week activation countdown phase, having garnered approval from over 80% of validators. This amendment signals a significant upgrade for XRPL. XRP Ledger (XRPL) is set to introduce additional features in the upcoming weeks. As per XRPScan, users relying on rippled v1.11.0 or earlier versions are advised to update their systems. Implementing fixReducedOffersV1, addressing…
The FTX bankruptcy estate, headed by CEO John J. Ray III, has filed a lawsuit against ByBit, its investment arm Mirana, and various executives. The aim is to recover funds and digital assets that ByBit withdrew from FTX just before its collapse, with the current value close to $1 billion. The suit claims ByBit used its “VIP” access and ties…
Several former FTX executives have teamed up to help build a new cryptocurrency exchange in Dubai with a specific focus on what FTX failed to do — secure customer funds. Ex-FTX lawyer Can Sun is leading the way with Trek Labs, a Dubai-based startup that received a license to offer cryptocurrency services in the region in late October. Backpack Exchange is…
Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust. The proposed legal framework was pitched by Bitcoin Argentina’s president Ricardo Mihura at LABITCONF 2023 in Argentina’s capital, Buenos Aires on Nov. 10. Bitcoin Argentina previously dismissed the idea that the industry needed to be regulated.…
The “esports winter” is still ongoing. Decrypt’s GG spoke with more than a dozen esports industry leaders, players, and executives to pull back the curtain on the state of competitive video games—and the ongoing struggle for the industry’s future. “Everyone in esports is in a war right now,” M80 co-founder and CEO Marco Mereau told Decrypt of the current esports…
The need for blockchain technology in the service industry Integrating blockchain into existing service industry infrastructure poses challenges due to diverse platforms, data privacy concerns and interoperability issues. The difficulty of integrating blockchain with existing infrastructure and processes is a significant obstacle. Because service providers frequently use a variety of platforms and technologies, achieving seamless integration can be difficult. It…
The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58. That is Solana’s best weekly performance since January 2023. Many factors have contributed to the gains, including a general cryptocurrency market uptrend led by Bitcoin ETF euphoria and growing appetite for risk overall. Solana (SOL) weekly price chart. Source: TradingView FTX-dump fears fails…
After months of viral stories with giddy headlines about how “worthless” most NFTs have become, the diminishing NFT market is finally showing real signs of life. Sales have steadily risen in recent weeks, with October’s trading volume tally up 32% over September and daily trading volumes ticking up each of the last few days. Prominent NFT prices are popping, as…
Illustration by Mitchell Preffer for Decrypt Crypto enthusiasts appeared eager this week to read tea leaves, taking numerous developments—some more material than others—as signs that the ongoing, brutal, and seemingly endless crypto winter might finally be thawing. Chief among those events was BlackRock’s registration of an iShares Ethereum Trust in Delaware, which immediately sparked rumors that the Wall Street titan…
