DeFi Users Lost $10.5 Billion to Theft and Fraud in 2021, Mostly on Ethereum: Report

[ad_1] In brief DeFi theft and fraud resulted in $1.5 billion in losses last year. This year, the figure has ballooned to $10.5 billion, aided by higher asset prices. Hacks, thefts, rug pulls, and fraud schemes. What do these decentralized finance exploits all have in common? Someone on the other end loses money. And not… Continue reading DeFi Users Lost $10.5 Billion to Theft and Fraud in 2021, Mostly on Ethereum: Report

Wall Street Beat the Crypto Kids for the Constitution—But This Was Only Round 1

[ad_1] What a story—and what a twist! I’m talking of course about the frenzied auction on Thursday for a rare original copy of the U.S. Constitution. Thousands of patriotic crypto nerds came together in a DAO (decentralized autonomous organization) and in barely one week raised more than $40 million—what should have been more than enough… Continue reading Wall Street Beat the Crypto Kids for the Constitution—But This Was Only Round 1

This Week in Coins: Bitcoin Slides Under $60K While Avalanche Sets New ATH

[ad_1] This week in coins. Illustration by Mitchell Preffer for Decrypt. At the start of the week, two big events put the brakes on the bull market.  On Monday, President Joe Biden signed off on a $1.2 trillion infrastructure bill that lets the government collect taxes from crypto custodians—and could, confusingly and perhaps unworkably, require… Continue reading This Week in Coins: Bitcoin Slides Under $60K While Avalanche Sets New ATH

Zcash Price Jumps 29% After Devs Announce Shift to Proof-of-Stake

[ad_1] In brief Zcash maintainer Electric Coin Company is releasing an official wallet. Zcash will be moving to a proof-of-stake consensus mechanism over the next three years. ECC is also thinking of adding Zcash to the Cosmos stack. Yesterday, Electric Coin Company, the organization behind privacy coin Zcash, outlined its official roadmap for the next… Continue reading Zcash Price Jumps 29% After Devs Announce Shift to Proof-of-Stake

Morgan Stanley, Blockchain Capital Lead $48M Investment in Crypto Firm Securitize

[ad_1] Blockchain company Securitize has announced it raised $48 million in an oversubscribed Series B financing round led by Morgan Stanley.  Wall Street and venture capital converged in powering Securitize’s oversubscribed $48 million Series B capital raise, signaling consensus adoption of digital asset securities will continue to grow. https://t.co/z37CZT8Wr3 — Securitize (@Securitize) June 21, 2021… Continue reading Morgan Stanley, Blockchain Capital Lead $48M Investment in Crypto Firm Securitize

Dogecoin Drops 15% as Meme Cryptocurrency Continues Weeks-Long Slide

[ad_1] More than 15% was shaved off Dogecoin’s price overnight as the price of the popular meme currency continues to plummet. Only yesterday Dogecoin was worth $0.26, but according to data aggregator Nomics, Dogecoin currently trades at $0.22 at the time of writing. Recent weeks have been rather red for the usually optimistic Doge army,… Continue reading Dogecoin Drops 15% as Meme Cryptocurrency Continues Weeks-Long Slide

Roc-A-Fella Records Sues Co-Founder Over NFT of Jay-Z’s ‘Reasonable Doubt’

[ad_1] In brief Roc-A-Fella Records is suing Damon Dash for allegedly trying to sell an NFT tied to Jay-Z’s “Reasonable Doubt.” Dash founded the label with Jay-Z and Kareem Burke. Roc-A-Fella—the storied hip-hop label that launched the careers of Jay-Z and Kanye West—is suing one of its co-founders over an NFT. A lawsuit filed in… Continue reading Roc-A-Fella Records Sues Co-Founder Over NFT of Jay-Z’s ‘Reasonable Doubt’