Decentralization

The U.S. Securities and Exchange Commission (SEC) is investigating the Ethereum Foundation and companies doing business with the nonprofit, according to a new report from Fortune Wednesday. And that’s very bad news for crypto enthusiasts who were hopeful that spot Ether ETFs, which would make it easier for investors to invest in the cryptocurrency without holding it personally, would be approved by regulators soon.The Biggest Crypto Heists of 2022…So FarThe news comes after CoinDesk first noticed on Wednesday that the…

While multi-billion dollar disasters like FTX would lead a reasonable person to believe that the cryptocurrency industry is dead or dying, the unfortunate truth is that it’s doing just fine. Not only has Bitcoin’s market price been on a familiar rollercoaster ride lately, but droves of crypto believers have, in recent weeks, proven themselves willing invest in some of the most ridiculous projects ever.Why Do People Buy into Crypto? | Gizmodo InterviewCase in point: the Slerf token. Slerf is a sloth-themed memecoin that…

Bitcoin hit an all-time high of $69,170 Tuesday morning, according to CoinMarketCap, breaching the previous all-time high of $68,990 in November 2021. The price then slipped back under $68,000 soon after reaching its peak. The Biggest Crypto Heists of 2022…So FarEthereum, which currently sits at $3,815, has also been steadily climbing, though it still has a ways to go before reaching $4,721, the all-time high from November 2021.Bitcoin and every other cryptocurrency rather famously nosedived in 2022, a year that opened…

Bitcoin’s price surged past $63,000 and then receded just a bit under on Wednesday, reaching a level the crypto coin hasn’t seen since November 2021. While it still has a little way to climb to reach an all-time high of $68,000, that level feels comfortably within reach. And if you’re feeling uneasy about the rally, given what happened two years ago, you’re not alone.The Biggest Crypto Heists of 2022…So FarWhat’s causing Bitcoin’s dramatic climb? The consensus seems to be it’s all FOMO, or the fear of missing out.“We’ve…

An organization called Newsmast is introducing a new approach to decentralized social media with the launch of an updated version of its Mastodon mobile app that now integrates content from two servers into one interface — a different approach compared with how Mastodon, the open source Twitter/X alternative, typically works. The idea is to offer Mastodon users a way to connect with, follow and join topic-based timelines, called Communities, that can help them make better sense of content scattered across the…

Have you seen a story on social media recently claiming that Sen. Elizabeth Warren has endorsed bitcoin? That would be quite a change, given Warren’s intense skepticism of crypto and her advocacy of more regulation for the industry. But the claim that Warren has made an about-face—even flying a flag a the U.S. Capitol in support of Satoshi Nakamoto—is wildly misleading.Why Bitcoin won’t reach $1,000,000“BREAKING: Elizabeth Warren signs a certificate to honor #Bitcoin creator Satoshi Nakamoto with a ceremonial flag flying.…

It’s safe to say crypto is experiencing renewed interest since the crash of 2022. Bitcoin just hit its highest price since 2021, the SEC’s approval of spot Bitcoin ETFs has investors very excited, and the market cap for all crypto just breached $2 trillion. But everyone who’s ready to FOMO their way into crypto should ask themselves: Should we really be doing this again?He Tossed His Bitcoin, Now He Wants It BackThe last time the crypto market was this hot was late 2021, and things were looking very rosy in the world of…

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Cryptocurrency cleaned up its act this week as spot Bitcoin ETFs made their Wall Street debut in January. The digital tokens are looking almost unrecognizable from what the industry represented just a few years ago, leading to the question, is Bitcoin still crypto?Why Should Crypto Currencies be Called Securities? | Gizmodo InterviewThe “decentralized” part of cryptocurrency is up for interpretation these days. Ever since the Security and Exchange Commission’s approval of spot Bitcoin ETFs on Jan. 1o, cryptocurrency looks…

Photo: Lukas Gojda / Shutterstock.com (Shutterstock)Bitcoin wallets older than 2016 could have a vulnerability that puts over $1 billion worth of cryptocurrency at risk, according to a report in the Washington Post. Why Should Crypto Currencies be Called Securities? | Gizmodo InterviewAccording to Unciphered, a cryptocurrency recovery company, an untold number of crypto wallets were designed with baked-in flaws that leave a backdoor in the code that hackers could easily break open. Encrypted software systems like crypto…