Decrypt News

Someone Sent $243K in Bitcoin to an ‘Elon Musk’ Scam Wallet Address

You’ve probably seen the scammy tweets and video livestreams, usually tied to a fake celebrity account. “BTC Giveaway! Send 1 BTC to verify, and receive 2 BTC in return!” Nobody actually falls for those, right? Well, it looks like someone just did...to the tune of...

Did Paris Hilton Forget She’s Already Released an NFT?

Non-fungible tokens, or NFTs, are becoming popular with a new generation of artists and performers. So much so that some forgotten stars of years past have begun creating and selling their own NFTs. Paris Hilton, the 40-year-old socialite and granddaughter of the...

Ubisoft Gets Behind a New Free-to-Play Crypto Game

Ethereum-based fantasy soccer game Sorare finished February by announcing a $50 million Series A funding round, and has now started March with another major move: the launch of One Shot League, a free-to-play spinoff created in collaboration with gaming giant Ubisoft....

NFT Mania: February Trading Volume Just Topped All of 2020

The momentum behind cryptocurrency-based digital collectibles continues to build as the NFT market posts its best month yet—with tradeable “moments” platform NBA Top Shot leading the way. NFTs, or non-fungible tokens, are digital works (mostly art, trading cards or...

SEC Chair Nominee Gary Gensler: Crypto a ‘Catalyst for Change’

Gary Gensler—President Biden’s nominee for chairman of the SEC—said today in his Senate confirmation hearing that cryptocurrencies “have been a catalyst for change.” “Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion, but...

Bitfarms Targets 5% of Bitcoin’s Hash Rate With 48,000 New Miners

CanadianBitcoin Bitcoin mining company Bitfarms has bought 48,000 new mining machines. With this move, the firm’s operational hashing capacity will grow by a factor of eight from current levels by December 2022. The miners will be delivered by MicroBT, a Chinese...

Sports Token Startup Chiliz Invests $50 Million in US Expansion

Chiliz is heading for the US. The startup, which issues tokens to sports fans in return for rewards, is investing $50 million in expanding its business to the US market, it announced today. CEO Alexandre Dreyfus told Decrypt, that “with upcoming new partners and...

Thailand SEC Backtracks on Crypto Trading Restrictions

Thailand’s Securities and Exchange Commission has backtracked on a proposal that would have required cryptocurrency investors to have a minimum annual income of one million baht ($33,000), following a public backlash. According to the Bangkok Post, the SEC has stated...

Canadian Bitcoin ETF Issuer Evolve Plans Ethereum ETF

Evolve, the company behind Canada's second Bitcoin ETF, has filed with the Canadian securities regulators for an Ethereum ETF. The exchange-traded fund would enable investors to get exposure to the price of Ethereum without holding the cryptocurrency itself. "As a...

Moneygram Hit With Class Action Lawsuit Over Ripple Partnership

MoneyGram International has been sued over false statements the company allegedly made regarding its partnership with fintech company Ripple Labs that involved the XRP token. The class action lawsuit was filed on March 1 by Rosen Law Firm on behalf of MoneyGram’s...

Why Vitalik Buterin is Known as the ‘V God’ in China

In China, Vitalik Buterin is known as V神—the V God.  Like most nicknames, this one, for Ethereum’s co-founder, is meant to be somewhat amusing. But, again, like most nicknames, the name conveys the reverence many show the 27-year-old. China has a huge and vital...

Grayscale Bought 80% of All Litecoin Mined in February

Crypto fund manager Grayscale Investments has bought the majority of Litecoin mined last month, data from markets tool Bybt shows. Grayscale currently holds over 1.44 million Litecoin ($248.33 million), making it the firm’s third-largest crypto holding after Bitcoin...

Cboe Applies to List First Bitcoin ETF in US

In the closing days of 2020, investment firm VanEck filed an application with the US Securities and Exchange Commission (SEC) to form the VanEck Bitcoin Trust, an exchange-traded fund (ETF). Equities market operator Cboe BZX Exchange has now filed a proposal with the...

Damien Hirst Is Now Accepting Bitcoin and Ethereum for His Art

Damien Hirst—the British artist known for his preserved shark piece, The Physical Impossibility of Death in the Mind of Someone Living—has said he’s now taking Bitcoin and Ethereum as payment for a new run of prints. “For the first time, I’m accepting Cryptocurrency...

Link Marines Have A New Way to Make Money With Chainlink

The cryptocurrency space is still largely dominated by the original king of crypto in Bitcoin, but a few newer entrants have carved out strong followings of their own. Among them is Chainlink (LINK), which had a monster year in 2020, skyrocketing in price by over...

Pin It on Pinterest