The co-founder and CEO of Mantra has pledged to burn all of his allocated “team tokens” in a bid to restore faith in the project, days after its OM token crashed 90% in an hour. Mantra co-founder and CEO John Patrick Mullin tweeted Tuesday that he would burn all of his tokens from the “Team […]
Mantra CEO Pledges to Burn His Team Tokens After Major 90% OM Crash Read More »
Oklahoma’s attempt to become one of the first U.S. states to implement a Bitcoin reserve has come to an abrupt end. In a tight 6-5 vote on Monday, the Senate Revenue and Taxation Committee struck down House Bill 1203, also called the Strategic Bitcoin Reserve Act, despite late momentum and a surprise vote reversal from
Oklahoma Kills Bitcoin Reserve Proposal in Senate Committee Vote Read More »
A rallying yen and the highest Japanese bond yields in 30 years are sending warning signals across global markets, and Bitcoin may not be spared. This week, Japan’s 30-year bond yield jumped to 2.345%, its highest level since 1994, while the yen rallied to around 153 against the U.S. dollar. Goldman Sachs analysts led by
Yen Surge, Soaring Bond Yields Could Threaten Bitcoin as BOJ Weighs Policy Shift Read More »
Decentralized exchange (DEX) KiloEX has suspended operations following a $7.5 million attack, which cybersecurity researchers attributed to a “price oracle exploit.” KiloEX launched in 2023, built on BNB Chain, opBNB, and Manta Network, and has received seed funding from Binance Labs, which invests in the Binance Coin (BNB) ecosystem. In a tweet, the DEX reassured
Binance-Backed DEX KiloEX Suspends Operations Following $7.5 Million Exploit Read More »
Since a “wave of negative sentiment” formed in February, digital asset products have shed $7.2 billion worth of assets, the most dramatic stretch of outflows on record, CoinShares Head of Research James Butterfill wrote in a report on Monday. But he cautioned against substantial concern over last week’s outflows of $795 million across tracked crypto
Former Binance CEO Changpeng Zhao, who goes by CZ, and Tron founder Justin Sun strongly denied a Wall Street Journal report claiming Zhao agreed to provide evidence against Sun as part of his 2023 plea deal with U.S. authorities. Citing unnamed sources, the Journal reported Friday that Zhao, who served four months in prison after
A new study has found that Bitcoin mining produces harmful air pollutants, with fine particles from the facilities crossing state borders, affecting areas far from the mines themselves. Between August 2022 to July 2023, some 1.9 million Americans were exposed to significant levels of these fine particles, according to researchers behind a groundbreaking study published
Harvard-led Study Reveals Bitcoin Mining Spreads Air Pollution Interstate Read More »
The Mantra token (OM) plummeted over 90% within an hour on Sunday, crashing from nearly $6 to below $0.4 and wiping out billions in market value. “The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice,” Mantra co-founder John Patrick Mullin stated
Mantra Token Crashes 90% in One Hour, Team Blames ‘Reckless Liquidations Read More »
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the fifth instalment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, we’ll investigate cryptocurrency adoption.
Professor Coin: What’s Driving Cryptocurrency Adoption Around the World Read More »
Ross Ulbricht, the founder of Silk Road, will make his first public appearance since his release from prison earlier this year, speaking at the Bitcoin Conference in Las Vegas from May 27 to 29. The news, announced by Ulbricht on X on April 10, follows a presidential pardon by Donald Trump in January that saw
