The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the…
Month: July 2024
Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days
Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days. Over the […] Source: https://news.bitcoin.com/average-onchain-bitcoin-fees-drop-below-2-lowest-in-over-250-days/
Mt. Gox Bitcoin Billions Are Being Repaid—How We Got Here
In brief Mt. Gox was the world’s largest Bitcoin exchange until it shut down in 2014 after discovering large-scale BTC thefts. Some 850,000 Bitcoin was stolen over the course of years due to a vulnerability in Bitcoin’s code. After Feds recovered 140,000 BTC in 2023, repayments to Mt. Gox users are finally underway. We do the research, you get the…
Skild AI announces $300M funding from Jeff Bezos, Softbank to build ‘robot brains’
Another unicorn has entered the race the develop human-level AI. Source: https://cointelegraph.com/news/skild-ai-artificial-intelligence-300-m-funding-jeff-bezos-softbank-robot-brains?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Usual Money Launches Usual USD on Public Mainnet; TVL Reaches $90M
A project called Usual Money has officially unveiled its public mainnet, launching the usual usd (USD0) stablecoin. This initiative seeks to provide a decentralized alternative to traditional fiat-backed stablecoins. Usual Money Debuts USD0 Stablecoin and USD0++ Liquid Bond According to the project’s team, usual usd (USD0) is a stablecoin supported by real-world assets (RWAs), crafted […] Source: https://news.bitcoin.com/usual-money-launches-usual-usd-on-public-mainnet-tvl-reaches-90m/
290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF Launch
According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing, […] Source: https://news.bitcoin.com/290000-eth-added-to-liquid-staking-protocols-ahead-of-spot-etf-launch/
Justin Sun Endorses Donald Trump After Assassination Attempt, Citing Crypto Industry Benefits
TRON founder Justin Sun has publicly endorsed former U.S. President and current presidential candidate Donald Trump in the upcoming election, citing his potential to provide a more favorable environment for the cryptocurrency industry. In a social media post, Sun expressed his hope for the President’s speedy recovery and praised Trump as a better choice for […] Source: https://news.bitcoin.com/justin-sun-endorses-donald-trump-after-assassination-attempt-citing-crypto-industry-benefits/
This Week on Crypto Twitter: Trump Support Surges After Shooting, Degens Brush Off Germany’s Bitcoin Dumps
Crypto Twitter celebrated Trump’s safety—and yes, the impact of the attack of crypto in the U.S.—following a big week for Bitcoin sales. Source: https://decrypt.co/239600/this-week-crypto-twitter-trump-support-surges-germany-bitcoin-sales
Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales
Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp. Institutional Players Absorb Bulk of Germany’s […] Source: https://news.bitcoin.com/institutional-liquidity-providers-and-otc-desks-absorbed-88-of-germanys-bitcoin-sales/
Professor Coin: Do Investors Treat Crypto Differently?
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the ICMA Centre at Henley Business School, University of Reading. Welcome to Professor Coin, a new column in which I bring important insights from recently published academic literature on cryptocurrency to the Decrypt readership. In this first installment, I’ll outline the main findings of a recent paper…