Continuing its increased scrutiny of the cryptocurrency industry, the U.S. Federal Reserve released a new statement on Thursday reminding banks of the risks inherent in dealing in cryptocurrency and related assets. “Certain sources…
One of Blur’s founders has “doxxed” himself, publicly revealing his identity, after users on Crypto Twitter began piecing it together earlier this week. Tieshun Roquerre—who prefers to go by “Pacman” online—is the cofounder…
Bitcoin is largely not moving again, with the amount of dormant coins nearly at a new all-time high. According to blockchain analysis firm Glassnode, the number of Bitcoins that have not moved for…
Following two straight months of sales growth, NFT trading rapidly accelerated over the past week as Ethereum NFT volume more than doubled during that span. It’s due to an evolving market in which…
The Federal Reserve Bank of San Francisco is looking for software developers to help research and design a central bank digital currency (CBDC). One job listing posted to LinkedIn is for a “Senior…
Times, they are a-changin’. The recent hype around Bitcoin NTFs, also called Ordinals, has driven a key thorn in the side of the maximalist community. Instead of laying down the rails for “thermodynamically…
In the face of rising competition from upstart rival Blur, leading NFT marketplace OpenSea announced today that it will temporarily eliminate its 2.5% fee on sales, as well as cut down creator royalty…
Starbucks Odyssey, the coffee chain’s NFT-driven rewards program built on Ethereum scaling network Polygon, is still in closed beta—but early adopters are already flipping the NFT stamps for nearly $2,000 apiece. Since the…
Xverse, billed as a “Bitcoin wallet for Web3,” just rolled out support for Ordinals, the newly popularized protocol allowing users to inscribe NFTs onto the Bitcoin blockchain. “Today, we’ve launched first class support…
A valuable digital collectible was permanently removed from circulation over the weekend, as its owner aimed to symbolically shift the asset’s underlying blockchain from Ethereum to Bitcoin. The collectible was Bored Ape Yacht…
Paxos confirmed Monday it received a Wells Notice from the Securities and Exchange Commission, stating it’s prepared to take on the agency and any enforcement actions related to stablecoin Binance USD. A Wells…
Illustration by Mitchell Preffer for Decrypt The crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week. Bitcoin and Ethereum’s price drops managed to stay within single-digit…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) The integration of real-world assets, or RWAs, into the world of DeFi has been one of the hottest narratives so far in 2023. And…
The $60 billion implosion of the Terra ecosystem last May exposed cracks in the foundations of the crypto industry and kickstarted a year of cascading financial crises that have yet to relent. Now,…
Former Coinbase employee Ishan Wahi pleaded guilty to two counts of conspiracy to commit wire fraud Tuesday in connection to an insider-trading scheme at the exchange. But while the Department of Justice got…
The SEC is investigating San Francisco-based cryptocurrency exchange Kraken for violating securities laws, according to reports. Bloomberg reported Wednesday that the investigation was at an “advanced stage” and “could lead to a settlement…