In the wake of the complete destruction of the crypto exchange FTX, along with its founder Sam Bankman-Fried’s multi-billion dollar fortune, it appears some financial chicanery is afoot. Withdrawals and internal balance transfers…
In brief Solana (SOL) has jumped 33% in value since hitting a recent low under $13 on Wednesday amid FTX’s collapse. The Solana Foundation opted not to unstake 28.5 million SOL overnight amid…
The price of Bitcoin is now below $17,000—the first time that the asset has dropped that low since November 2020. It’s been a volatile week for crypto assets, as the market reacts to…
Bitcoin, Ethereum, Solana, and most other cryptocurrencies are experiencing a brutal sell-off following wild price gyrations today as traders make up their minds about what to do with the news that Binance is…
The Securities and Exchange Commission has won its case against LBRY, Inc., the company behind the LBRY protocol announced Monday along with a published copy of the ruling. “We lost. Sorry everyone,” LBRY…
Illustration by Mitchell Preffer for Decrypt This week crypto finally appeared to be out of the woods, although one can never be too sure in this industry. As crypto prices continued to climb…
Google’s cloud computing division Google Cloud announced on Saturday that it’s now running a validator on the Solana blockchain, and will soon add features aimed at welcoming Solana developers and node runners. Solana…
In brief A planned crypto wallet is reportedly on hold at Twitter after Elon Musk’s takeover of the company. Musk previously teased Dogecoin integration into Twitter and told employees that crypto payments would…
In brief Video game publisher Square Enix has revealed Symbiogenesis, an Ethereum NFT-driven web-based game. Square Enix first signaled interest in blockchain in 2019 and has made a number of moves around NFTs…
The Federal Reserve announced today that it will continue with its aggressive monetary policy to fight inflation, and both crypto and traditional markets are so far reacting positively to the news. Bitcoin, the…
Aave co-founder Stani Kulechov feels more optimistic than ever that the $5 billion DeFi lending protocol’s upcoming stablecoin GHO (pronounced “go” as in ghost, the project’s mascot) will solve real world payment problems….
Silicon Valley’s elephant in the room, the massive venture capital firm Andreessen Horowitz (also known as a16z), is lending a helping hand to Twitter’s new overlord Elon Musk. Sriram Krishnan, a general partner…
Illustration by Mitchell Preffer for Decrypt The industry was more optimistic than usual this week. After nearly two months of weeklong price freezes or crashes, it appeared that things are finally starting to…
This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto markets unthawed this week for the first time in six consecutive weeks. Bitcoin (BTC) rose 8% over the past seven days and…
Binance is creating an internal team to help Twitter fight bot accounts using blockchain and crypto, the exchange confirmed to Decrypt on Friday. The world’s biggest cryptocurrency exchange today announced itself as an…
With just one day to go before officially purchasing Twitter, Elon Musk today dropped a last-minute statement on his motivations for acquiring the social media giant. And the avid Dogecoin fan has much…