Coinbase’s former CTO Balaji Srinivasan wagered on Friday that the price of Bitcoin will benefit from a rapid devaluing of the U.S. dollar in the next three months, skyrocketing to $1 million by…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) DeFi faced its very own contagion event this past week after Euler Finance was drained of nearly $200 million via six flash loans and…
Artificial intelligence is dominating tech headlines lately thanks to OpenAI’s advancing GPT models and competitors, and such models can generate text and media with alarming speed and accuracy. They may revolutionize many industries…
A group of investors who did business with defunct cryptocurrency exchange FTX brought a class action lawsuit against multiple internet influencers Wednesday, alleging the content creators pushed unregistered securities on their viewers and…
The NFT space was booming last March when Formfunction—a Solana marketplace focused on one-of-one, single-edition artwork—announced that it had raised nearly $5 million in funding from prominent backers. Just one year later, however,…
As Bitcoin’s price surged past $26,000 on Tuesday, crypto traders were quick to claim that the recent uptick in digital asset prices represented a significant shift in momentum. Crypto Twitter is filled with…
Unless it can find another service provider, crypto exchange Binance will suspend British pound sterling deposits and withdrawals starting on May 22, according to an email shared with Decrypt. The email, which was…
With hours to go before the trading day begins in Asia, top U.S. regulators have mulled guaranteeing all deposits at Silicon Valley Bank to prevent broader panic in the global financial sector, the Washington…
USDC stablecoin issuer Circle has claimed that it will “cover any shortfall” caused as a result of the $3.3 billion in its funds held by the collapsed Silicon Valley Bank. In a blog…
President Joe Biden yesterday dropped a $6.9 trillion budget plan. The huge blueprint—which is expected to be rejected in the GOP-controlled House—wants to increase taxes on the wealthy and corporations to reduce a…
The New York Attorney General’s office today filed a lawsuit against cryptocurrency exchange KuCoin for allegedly violating securities and commodities laws in the state. In the complaint, Attorney General Letitia James makes the…
Blaming “recent industry and regulatory developments,” crypto-friendly bank Silvergate announced today that it is winding down operations. According to a Wednesday press release by Silvergate Capital Corporation, the holding company of Silvergate Bank,…
Tensor, previously a relatively small contender in the Solana NFT marketplace wars, is quickly capturing market share after taking a page from the playbook of leading Ethereum platform Blur—by targeting “pro” traders and…
Failed crypto company FTX announced today that its affiliate Alameda Research is suing asset manager Grayscale Investments in a bid to unlock investments that it says are being improperly withheld from its customers. …
Decentralized cryptocurrency exchange PancakeSwap announced Saturday that a new version of its application is rolling out to users next month on BNB Smart Chain. “The new features we’re introducing will offer our users…
This week in coins. Illustration by Mitchell Preffer for Decrypt. It was the second consecutive week of straight losses for leading cryptocurrencies. The start of the third month of the year comes off…