Decrypt News

A Small Group of Investors Spent $24.5 Billion on Bitcoin in the Last Few Months

More than 1,000 wealthy investors have accumulated large sums of Bitcoin over the last three months, wrote Chainalysis chief economist Philip Gradwell yesterday in his weekly market intelligence report. In the report, Gradwell used blockchain data to analyze the...

Thodex CEO Denies Rug-Pull, Discloses Cyberattacks, Says “Funds Are Safe”

The CEO of Thodex, a Turkish cryptocurrency exchange that abruptly halted trading on Wednesday, has denied accusations of a rug-pull and intends to return funds to investors shortly. The real reason for halting trading and preventing withdrawals, CEO Fatih Faruk Özer...

Bitcoin Falls Below $50,000: A Price Correction, or a Result of Biden’s Tax Proposal?

Bitcoin’s price has fallen to approximately $48,200. That’s Bitcoin’s lowest price since March 8, and a 33% drop from its all-time high of $64,445 on April 14.  Other cryptocurrencies have performed even worse than Bitcoin: Ethereum, XRP, and Uniswap have each fallen...

US Marshals Signs $4.5 Million Contract with BitGo to Manage Seized Bitcoin

Crypto prime brokerage BitGo has signed a contract with the US Marshals Service (USMS) to help the law enforcement agency store and sell cryptocurrencies seized from criminal investigations. The exact duration of the deal, which is worth just over $4.5 million, is not...

Bitcoin’s Share of Crypto Market Drops to 51%

It’s been a tough day in the cryptocurrency markets: Bitcoin’s price has fallen below $50,000 and almost every other cryptocurrency is deep in the red, too. Most coins are down between 10 and 30%. But beyond the current price crash, Bitcoin’s share of the...

Bitcoin Price Crashes Below $50,000

Bitcoin’s price has dropped to $48,000. This is the first time the cryptocurrency has fallen below $50,000 since March 7, 2021.  According to CoinGecko, Bitcoin has fallen by almost 10% in the last 24 hours, and by 23% in the last seven days.  Other coins fared even...

What Is the Stock-To-Flow Model and Why Do So Many Swear by It?

Bitcoin’s price volatility has been one of the project’s defining features. In its early days, the price of BTC could fluctuate by as much as 15%, when measuring the standard deviation of daily returns across 30-60 days.  That sort of fluctuation put Bitcoin on par...

Coinbase Pro to List Tether Stablecoin

Coinbase, the most-recognizable cryptocurrency exchange in the US, is adding Tether to its Coinbase Pro platform. It's welcome news for Tether, the largest stablecoin by market capitalization, which just recently settled an investigation by the New York Attorney...

DeFi Index Provider Phuture Raises $1.5 Million In Seed Funding Round

Decentralized protocol Phuture has today announced that it has completed a private seed round, led by private investment firm Ascensive Assets. The funding round has raised a total of $1.5 million.  Phuture allows users to build, create and invest into indexes in a...

Ethereum ETFs Get Off to $138 Million Start So Far

The world’s first Ethereum exchange-traded funds (ETFs) began trading this week—and got off to an explosive start. All in all, the trio of Canadian ETFs have racked up $138 million in trading volume so far.  The Ethereum ETFs, run by Purpose Investments, Evolve ETFs,...

Bitcoin’s Share of Crypto Market Drops to 51%

It’s been a tough day in the cryptocurrency markets: Bitcoin’s price has fallen below $50,000 and almost every other cryptocurrency is deep in the red, too. Most coins are down between 10 and 30%. But beyond the current price crash, Bitcoin’s share of the...

Bitcoin Price Crashes Below $50,000

Bitcoin’s price has dropped to $48,000. This is the first time the cryptocurrency has fallen below $50,000 since March 7, 2021.  According to CoinGecko, Bitcoin has fallen by almost 10% in the last 24 hours, and by 23% in the last seven days.  Other coins fared even...

Coinbase Pro to List Tether Stablecoin

Coinbase, the most-recognizable cryptocurrency exchange in the US, is adding Tether to its Coinbase Pro platform. It's welcome news for Tether, the largest stablecoin by market capitalization, which just recently settled an investigation by the New York Attorney...

Ethereum ETFs Get Off to $138 Million Start So Far

The world’s first Ethereum exchange-traded funds (ETFs) began trading this week—and got off to an explosive start. All in all, the trio of Canadian ETFs have racked up $138 million in trading volume so far.  The Ethereum ETFs, run by Purpose Investments, Evolve ETFs,...

Pin It on Pinterest