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Log in Sign Up Menu News Learn Features Coins Reviews Videos & Podcasts The Rollup Collections Decrypt en Español 🇪🇸 We're hiring! 🚀 Search Open Bitcoin Account sponsored by Numbrs About  App Email Discuss Podcast Decrypt-a-cookieThis website or its third-party tools use cookies. Cookie policy. By clicking "Accept," you agree to the use of cookies. Accept BitcoinBTC (24h) Created with Highcharts 10.0.0 $27,503.23-11.85% EthereumETH (24h) Created with Highcharts 10.0.0 $1,873.09-20.22% Binance CoinBNB (24h) Created with Highcharts 10.0.0 $249.21-21.96% XRPXRP (24h) Created with Highcharts 10.0.0 $0.3690-28.17% Binance USDBUSD (24h) Created with Highcharts 10.0.0 $1.012+1.07% View All Price data by TOP STORIES INSIGHTS INTO THE DAY’S BIGGEST NEWS. CARDANO'S HOSKINSON SAYS 'BEST-TO-MARKET' CRYPTO COULD HELP AVOID ECONOMIC 'COLLAPSE' NewsMarkets 2 min read Kate IrwinMay 11, 2022May 11, 2022 Create an account to save your articles. * Bitcoin IS THE BOTTOM IN FOR BITCOIN? MARKET SELL OFF POISED TO CONTINUE, ANALYSTS SAY We haven't reached the bottom yet. That’s the conclusion that analysts at the Huobi Research Institute, the research arm of the Huobi cryptocurrency exchange, reached in a newly released repor... NewsCoins 5 min read Kate IrwinMay 11, 2022May 11, 2022 Create an account to save your articles. * EthereumBitcoin BITCOIN HITS LOWEST PRICE SINCE 2020 AS ETHEREUM NEARS $2,000 The price of Ethereum dropped by nearly 10% in 24 hours to put it under the $2,100 mark for the first time since July 2021. Nearly simultaneously, Bitcoin extended its losses by 7% to hit $28,... NewsMarkets 2 min read Jeff BensonMay 11, 2022May 11, 2022 Create an account to save your articles. * NOT JUST TERRA: APECOIN, AVALANCHE, SOLANA, SHIBA INU ALL DOWN AT LEAST 20% IN CRYPTO CRASH It’s bloodshed pretty much across the board in the crypto market again today, led by Terra (LUNA) and its 97% drop following the collapse of its paired UST stablecoin. No other coin has suffer... NewsMarkets 2 min read Andrew HaywardMay 11, 2022May 11, 2022 Create an account to save your articles. * AFTER THE COLLAPSE OF TERRA'S UST, WHAT'S NEXT FOR ALGORITHMIC STABLECOINS? On Monday, the Federal Reserve released a report that identified three assets with funding risks: certain money market funds, some bond funds, and stablecoins. The latter sector, it said, "rem... FeaturesLong Reads 6 min read Jeff BensonMay 11, 2022May 11, 2022 Create an account to save your articles. * 'FIRE SALE PRICES': COINBASE CEO ON STOCK'S 87% DECLINE SINCE 2021 DEBUT Coinbase shareholders are reeling as the stock price fell about 30% on Wednesday, after the company posted earnings that widely missed analysts' expectations. The stock had already been subjec... NewsBusiness 3 min read Jeff John RobertsMay 11, 2022May 11, 2022 Create an account to save your articles. All News LEARN QUICKLY UNDERSTAND THE TECHNOLOGIES THAT MATTER. WHAT ARE WRAPPED TOKENS? HOW THEY WORK AND WHAT THEY’RE USED FOR Wrapped tokens such as WBTC help move assets across blockchains. Here’s why they matter to the crypto ecosystem. LearnFrom PubDAO 5 min read Joseph O'Neill Create an account to save your articles. WHAT IS TERRA? THE ALGORITHMIC STABLECOIN PROTOCOL EXPLAINED Terra is a Cosmos-based protocol that powers a suite of algorithmic stablecoins, which aim to maintain their pegs using a coin called LUNA. LearnThe Projects 6 min read Liam J. Kelly, Robert Stevens Create an account to save your articles. Ethereum WHAT IS COLLAB.LAND? A DIGITAL 'CONCIERGE' FOR TOKENIZED COMMUNITIES The chatbot powers a wide array of crypto ecosystems on Telegram and Discord. LearnThe Projects 4 min read Ben Munster Create an account to save your articles. Aave WHAT IS AAVE? INSIDE THE DEFI LENDING PROTOCOL DeFi protocol Aave is one of the largest lenders of cryptocurrency and its AAVE token has a larger market cap than rivals Maker or Compound. Here's how it works. LearnThe Projects 6 min read Jeff Benson, Sander Lutz Create an account to save your articles. All Learn PODCASTS ALL PODCASTS ABOUT BITCOIN, ETHEREUM, CRYPTOCURRENCY AND THE ADVENT OF THE DECENTRALIZED WEB. Subscribe GM FROM DECRYPT gm! Decrypt EIC Dan Roberts and Exec Editor Jeff Roberts sit down for candid conversations with the biggest names in crypto. Bitcoin, Ethereum, altcoins, multi-chain, NFTs, DeFi, DAOs and the metaverse -- they talk about all of it. Subscribe THE DECRYPT DAILY Stay on top of Bitcoin news with our daily podcast! Join Matthew Diemer he takes you through breaking news and crypto market updates. All Videos & Podcasts FEATURES DEEP DIVES INTO WEB 3.0 AFTER THE COLLAPSE OF TERRA'S UST, WHAT'S NEXT FOR ALGORITHMIC STABLECOINS? UST is just one of many algorithmic stablecoins on the market. Here's their path forward, according to stablecoin experts. FeaturesLong Reads 6 min read Jeff BensonMay 11, 2022May 11, 2022 Create an account to save your articles.  NFT Revolution EX SPORTS’ NEW NFT STREET FOOTBALL GAME IS ABOUT MUCH MORE THAN JUST SCORING GOALS NFT-powered mobile game Urbanball aims to empower less well-known players and inspire soccer fans across the globe. Sponsored post by EX-Sports 5 min read Tom WigginsMay 10, 2022May 10, 2022 Create an account to save your articles. GM, WAGMI, GN: DECRYPT’S ULTIMATE GUIDE TO BITCOIN AND NFT SLANG Acronyms and misspellings run amok in the cryptoverse. Here’s a list of the most-used terms and their definitions. FeaturesBuild 7 min read Kate IrwinMay 8, 2022May 8, 2022 Create an account to save your articles. Bitcoin SVBitcoin YOU AND WHOSE ARMY? THE MANY MAXI MILITIAS OF THE CRYPTO WORLD Bagholder communities around crypto assets can grow so big that they resemble small armies. Here are a few of the most prominent supporter groups. FeaturesProfiles 7 min read Ben MunsterMay 8, 2022May 9, 2022 Create an account to save your articles. PolkadotSolana 5 BIGGEST 'ETHEREUM KILLERS' Everyone wants to take down Ethereum, the biggest blockchain network for smart contracts. FeaturesProfiles 4 min read Robert StevensMay 5, 2022May 5, 2022 Create an account to save your articles.  NFT Revolution YELLOWHEART IS TRANSFORMING HOW TICKETS ARE ISSUED, SOLD AND EXCHANGED From soccer matches to music festivals, NFT tickets are set to offer unique features and a fair deal for both buyers and sellers. Sponsored post by YellowHeart 6 min read Ekin GençMay 5, 2022May 5, 2022 Create an account to save your articles. All Features COLLECTIONS THE BIG IDEAS AND EMERGING TRENDS DECRYPT CARES ABOUT. Collection NFT REVOLUTION NFTs are provably unique crypto tokens that are quickly becoming increasingly popular among digital artists, gaming companies, and investors. Track the NFT revolution here. Last updated May 10, 2022 696 Pieces Collection THIS WEEK ON CRYPTO TWITTER Decrypt's weekend roundup of tweets from the past week that led the crypto conversation. Last updated May 8, 2022 31 Pieces All Collections VIDEOS ALL VIDEOS ABOUT BITCOIN, ETHEREUM, CRYPTOCURRENCY AND THE ADVENT OF THE DECENTRALIZED WEB. INFURA CO-FOUNDER E.G. GALANO TALKS OTHERSIDE NFT MINT, ETHEREUM GAS FEES Infura co-founder and general manager E.G. Galano talks to Decrypt's Kate Irwin about what Infura does, how the Bored Ape Yacht Club could have avoided the hiccups with its Otherdeed NFT mint, other hot NFT collections like Moonbirds, and Ethereum's gas fee issues. Interviews May 9, 2022 12m 14s DECRYPT LEARN: WHAT IS ETHEREUM 2.0? ETHEREUM'S CONSENSUS LAYER AND MERGE EXPLAINED The long-planned upgrade to Ethereum aims to improve the network’s scalability and security by switching to a proof of stake consensus mechanism. Explainers May 9, 2022 5m 24s INSIDE THE BORED APE YACHT CLUB NFT RESTAURANT IN L.A. Decrypt's Kate Irwin interviews Kevin Seo, co-founder of Bored & Hungry, the BAYC-inspired burger joint in Los Angeles. Video shot and edited by Decrypt's Jason Nelson. Interviews Apr 27, 2022 3m 45s All Videos & Podcasts THE BEST OF DECRYPT STRAIGHT TO YOUR INBOX. Please select the Newsletters you'd like to receive. You can change your preferences at any time. Daily Debrief Daily -------------------------------------------------------------------------------- Roberts on Crypto Weekly -------------------------------------------------------------------------------- Decrypting DeFi Weekly -------------------------------------------------------------------------------- Crypto Jobs Weekly -------------------------------------------------------------------------------- Join Now MORE NEWS MORE INSIGHTS INTO RECENT BLOCKCHAIN NEWS. * CRYPTO FIRMS QUICK TO ANNOUNCE NO EXPOSURE TO UST, LUNA As Terra’s stablecoin, UST, and native token, LUNA, hurtle toward unheard-of lows, many in the crypto community are scrambling to assess how far-reaching the damage will be for decentralized f... NewsDeFi 2 min read Sander LutzMay 11, 2022May 11, 2022 Create an account to save your articles. * GERMANY WON'T TAX BITCOIN, ETHEREUM SOLD AFTER ONE YEAR OF POSSESSION Germany's federal finance ministry (BMF) issued the country’s first guidance on the income tax treatment of cryptocurrencies, as well as other blockchain-based tokens. The 24-page document iss... NewsCoins 2 min read Andrew AsmakovMay 11, 2022May 11, 2022 Create an account to save your articles. * CRYPTO EXCHANGES ‘TRADING AGAINST THEIR CUSTOMERS,’ SAYS SEC CHAIR GENSLER Securities and Exchange Commission chair Gary Gensler leveled sharp criticism at cryptocurrency exchanges and stablecoins during an interview on Tuesday. Gensler took issue with the fact that ... NewsCoins 2 min read Stacy ElliottMay 11, 2022May 11, 2022 Create an account to save your articles. * 'CRYPTOQUEEN' RUJA IGNATOVA ADDED TO EUROPOL'S MOST WANTED LIST Dr. Ruja Ignatova, the OneCoin founder who disappeared after allegedly fleecing investors out of as much as $5 billion in 2017, was added to Europe's most wanted list on Wednesday. Europol, th... NewsCoins 2 min read Stacy ElliottMay 11, 2022May 11, 2022 Create an account to save your articles. * AS TERRA’S DOLLAR STABLECOIN UST COLLAPSES, LUNA FALLS 97% TO UNDER $1 In what will surely be a historic week in stablecoin history, Terra’s LUNA, the currency that backs its dollar-pegged stablecoin UST, has slid beneath a dollar at the time of writing. No, we ... NewsCoins 2 min read Tim HakkiMay 11, 2022May 11, 2022 Create an account to save your articles. * NEW BANCOR UPDATE GIVES DEFI INVESTORS '100% IMPERMANENT LOSS PROTECTION' Bancor, an early decentralized finance (DeFi) protocol, announced that its much-anticipated protocol update, Bancor 3, is now out of beta and has launched on mainnet, bringing with it a host o... NewsDeFi 5 min read Andrew AsmakovMay 11, 2022May 11, 2022 Create an account to save your articles. * PAN-AFRICAN CRYPTO EXCHANGE MARA LAUNCHES WITH BACKING FROM COINBASE, ALAMEDA MARA, a pan-African crypto exchange, announced its launch today, alongside a $23 million raise from backers including Coinbase Ventures, Alameda Research, (FTX) and Distributed Global. The exc... NewsBusiness 3 min read Alys KeyMay 11, 2022May 11, 2022 Create an account to save your articles. *   TERRAFORM LABS CEO DO KWON OUTLINES TERRA'S PATH FORWARD FOR LUNA, UST STABLECOIN Do Kwon, the founder and CEO of Terraform Labs, has broken his Twitter silence to reveal the Terra network's next steps in the wake of this week's crash. "I understand the last 72 hours have b... NewsDeFi 3 min read Liam J. KellyMay 11, 2022May 11, 2022 Create an account to save your articles. * MAKER’S MKR TOKEN SURGES 30% AND STABLECOIN DAI LEAPFROGS UST Maker’s governance token MKR spiked more than 30% overnight, and its stablecoin DAI also benefited from the continued meltdown of Terra’s UST stablecoin, which slipped as low as $0.30 in the e... NewsMarkets 2 min read Tim HakkiMay 11, 2022May 11, 2022 Create an account to save your articles. * CRYPTO ANALYTICS FIRM CHAINALYSIS RAISES $170M AT $8.6B VALUATION Chainalysis, one of the world's largest crypto and blockchain intelligence firms, has reportedly raised $170 million in a Series F funding round led by GIC, a Singapore-based sovereign wealth ... NewsBusiness 2 min read Andrew AsmakovMay 11, 2022May 11, 2022 Create an account to save your articles. * UST STABLECOIN FALLS TO $0.30 OVERNIGHT AS TERRA’S MARKET WOES CONTINUE The Terra network’s native algorithmic stablecoin TerraUSD (UST) has plummeted more than 45% over the past 24 hours. On Wednesday morning it plunged as low as $0.2998, according to data from ... NewsMarkets 2 min read Liam J. KellyMay 11, 2022May 11, 2022 Create an account to save your articles. * EthereumBitcoin COINBASE EXECS DISMISS TALK OF ROBINHOOD ACQUISITION Coinbase delivered disappointing results on Tuesday, causing its stock to plunge, but top executives suggested on an earnings call that the company has no major moves planned—such as acquiring... NewsBusiness 3 min read Jeff John RobertsMay 11, 2022May 11, 2022 Create an account to save your articles. * TERRA'S LUNA PLUMMETS BY 32% IN ONE HOUR Terra Network's LUNA price has continued to take a beating today as the Terra Network token plummeted 65% in 24 hours. In the last hour of trading alone, LUNA fell by 32%—from $22.96 to $16.95... NewsMarkets 2 min read Jason NelsonMay 10, 2022May 11, 2022 Create an account to save your articles. *  NFT RevolutionEthereum ETHEREUM NFT PRICES BOUNCE BACK AFTER CRYPTO CRASH—BUT AZUKI KEEPS TANKING Many of the most valuable and in-demand NFT collections saw rapidly declining price points yesterday as the fear and uncertainty surrounding the cryptocurrency market crash appeared to pour in... NewsNFTs 3 min read Andrew HaywardMay 10, 2022May 10, 2022 Create an account to save your articles. * DogecoinShiba Inu SHIBA INU IS REBOUNDING FASTER THAN DOGECOIN AFTER CRYPTO CRASH The cryptocurrency market is showing a little bit of life today after yesterday’s drastic collapse, during which many of the top coins had shed 10% or more of their value. Overall, the market ... NewsCoins 2 min read Andrew HaywardMay 10, 2022May 10, 2022 Create an account to save your articles. * CRYPTO TWITTER REACTS TO UST COLLAPSE AND MARKET MELTDOWN Crypto Twitter was already operating on all cylinders yesterday, as Bitcoin and other top cryptocurrencies plummeted toward lows not seen in over a year. Then Terra’s stablecoin, UST, fell off... NewsCoins 3 min read Sander LutzMay 10, 2022May 10, 2022 Create an account to save your articles. * WHAT TERRA'S MELTDOWN MEANS FOR CENTRALIZED STABLECOINS TETHER AND USDC As the market panics over the implications of Terra’s UST losing its dollar peg, questions have been raised about its asset-backed stablecoin competitors, Tether and USD Coin. Tether (USDT) a... NewsCoins 5 min read Stacy ElliottMay 10, 2022May 11, 2022 Create an account to save your articles. * MICHAEL SAYLOR SAYS MICROSTRATEGY COULD POST ‘OTHER COLLATERAL’ IF BITCOIN CRASHES MicroStrategy CEO Michael Saylor has been a vocal Bitcoin advocate, with his company holding 129,218 Bitcoin (nearly $4.1 billion worth) as of its latest quarterly earnings report. While being... NewsBusiness 2 min read Kate IrwinMay 10, 2022May 10, 2022 Create an account to save your articles. * COINBASE SHARES PLUNGE AFTER COMPANY MISSES Q1 REVENUE, POSTS $430M LOSS Coinbase released its earnings for the first quarter of 2022, and the results will do little to improve the dour mood in the crypto markets. The company disclosed that it pulled in $1.17 billi... NewsBusiness 3 min read Jeff John RobertsMay 10, 2022May 10, 2022 Create an account to save your articles. * SOMEONE FORGOT TO TELL THE WASHINGTON NATIONALS ABOUT TERRA Talk about bad timing. The Washington Nationals, winner of the 2019 World Series, have been making good on the terms of a partnership it forged back in February. The unfortunate part? That par... NewsBusiness 2 min read Jeff BensonMay 10, 2022May 10, 2022 Create an account to save your articles. Load More News Learn Features Coins Videos DECRYPT ASKS FOR YOUR CONSENT TO USE YOUR PERSONAL DATA TO: * perm_identity Personalised ads and content, ad and content measurement, audience insights and product development * devices Store and/or access information on a device expand_moreremove Learn more * How can I change my choice? * What if I don't consent? * How does legitimate interest work? * Do I have to consent to everything? 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