More than half of the newly listed Ethereum tokens on decentralized exchanges could be pump and dumps, a Chainalysis report shows. Of the Ethereum-based tokens that hit DEXs last year, 54% “display patterns that may be suggestive of pump and dump schemes,” the report finds. Even though most tokens showed signs of potentially being scams, […]

In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid assets, were “fully covered by the undistributed accumulated profits known as excess reserves ($5.4 billion).” Bitcoin […]

Binance has announced the launch of an in-app Inscriptions Marketplace supporting Bitcoin BRC-20 tokens such as ORDI. According to an announcement by the crypto exchange, the Binance Inscriptions Marketplace provides a “one-stop solution” within the Binance Web3 Wallet, enabling users to inscribe and trade inscriptions including BRC-20 tokens and Ethereum Virtual Machine tokens. BRC-20 is […]

Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight decline in mid-January, the network’s hashrate is on an upward trajectory, in anticipation of the expected difficulty adjustment set for Feb. 2, 2024. Bitcoin […]

Consider a doomsday scenario. You spend the past couple years diligently dollar cost averaging and withdrawing to your wallet. You have a ton of small UTXO1‘s and bitcoin transaction fees rise so much that your bitcoin turns into dust2. You’re now unable to spend your bitcoin. For some bitcoin users, this is not a doomsday […]

Looking to improve your understanding of Ethereum? Take Decrypt’s Getting Started With Ethereum Course and earn your free on-chain certificate! Ethereum, the leading proof-of-stake blockchain, is undergoing a significant upgrade known as Dencun, adding a new feature called “proto-danksharding.” This article provides an explanation of the Dencun upgrade, exploring its technical components, development stages, and […]

Parallel, the NFT card-battler that Decrypt’s GG named as its 2023 game of the year, may soon be launching to a much larger audience amid teases of an open beta launch on the horizon. Currently available in a closed beta test that’s gradually letting more players in, Parallel said on Twitter (aka X) late Wednesday […]

The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this request on the grounds that “public harm is reasonably likely” should standard operations persist. Biden’s OMB Approves EIA’s Emergency […]

On Wednesday (January 31), the highly anticipated Jupiter (JUP) airdrop took place. Jupiter, a decentralized exchange aggregator built on the Solana blockchain, has been making waves in the crypto space lately, even surpassing Uniswap in terms of trading volume. However, the airdrop, while initially boosting JUP’s value, has been followed by controversy. Jupiter (JUP) Airdrop […]

Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight decline in mid-January, the network’s hashrate is on an upward trajectory, in anticipation of the expected difficulty adjustment set for Feb. 2, 2024. Bitcoin […]