Led by Ethereum, a new financial system based on blockchain technology is being built. As reality currently unveils, the foundation this new financial order is built on poses significant challenges. This is why a true new financial order built on Bitcoin is already underway. Ethereum is commonly referred to as the pinnacle of decentralized finance (DeFi). With more and more…
If the words “derivatives trading” conjures up images of men in suits with disheveled white sleeves rolled up to the elbows and exacerbated expressions on their faces — like something out of The Big Short — then the word decentralized exchanges (DEXs) must conjure up, well, nothing. There are no offices, no floor traders waving papers and certainly no men…
In brief Zcash maintainer Electric Coin Company is releasing an official wallet. Zcash will be moving to a proof-of-stake consensus mechanism over the next three years. ECC is also thinking of adding Zcash to the Cosmos stack. Yesterday, Electric Coin Company, the organization behind privacy coin Zcash, outlined its official roadmap for the next three years. Within hours, the price…
Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. On Friday, Harvard economist Kenneth Rogoff told the press…
Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per data from TradingView. However, the financial watchdogs soured the mood by rejecting VanEck’s proposal for a…
We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense. Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or FTX’s native exchange token. Well,…
Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure bill. They explained that the current definition of a broker in the bill “would increase uncertainty in the cryptocurrency industry, pick winners and losers … all while eroding our country’s competitive edge against other…
Rumblings from the belly of the Washington beast are being heard in the bitcoin world. President Joe Biden has generated tremendous controversy by nominating Saule Omarova to head the Office of the Comptroller of the Currency (OCC). Brian Brooks showed in 2020 how the OCC can be a powerful force on the regulated side of bitcoin, so it’s worth understanding…
Blockchain tech has come a long way. It wasn’t that long ago that crypto remained at the fringes, evangelized by a vocal minority. The narrative shifted once the COVID-19 pandemic pushed people into their homes with plenty of time to dive into new interests. Crypto benefited from the increased attention, entering everyday conversations among friends, family and colleagues. Even so,…
This week in coins. Illustration by Mitchell Preffer for Decrypt. At the start of the week, two big events put the brakes on the bull market. On Monday, President Joe Biden signed off on a $1.2 trillion infrastructure bill that lets the government collect taxes from crypto custodians—and could, confusingly and perhaps unworkably, require DeFi protocols to report information about…
