Seven-day price action remained mostly positive even as industry news … did not. Companies are doing whatever possible to stay solvent during crypto winter — freezing redemptions, laying off employees, cutting spending, filing for bankruptcy, negotiating buyouts — but those conditions couldn’t prevent markets from warming over the last week. Bitcoin grew 8% over the last seven days to $22,337, as of this…

If a deal goes through, it won’t be the first time FTX started an acquisition with a line of credit. Acquisition talks between BlockFi and FTX may be nearing an end. Unnamed sources told CNBC on Thursday that CEO Sam Bankman-Fried’s FTX cryptocurrency exchange could pay about $25 million to acquire the struggling crypto lender. Although his company declined to comment to Decrypt, BlockFi CEO Zac Prince took to Twitter…

BIT Mining revenue totaled $296.7 million in Q1 An increase in net income was moved by a decrease in expenses During the first quarter BIT Mining produced 166 BTC Bitcoin mining organizations finished the seven-day stretch of exchanging on a high note. For the second day straight, a significant number…

Mining a Bitcoin block just became easier because some miners have been dropping out of the network to cut their losses. The difficulty of mining a bitcoin block fell by 4.3317% to 29.897T at 15:02 UTC on May 25. The bitcoin mining difficulty automatically adjusts every two weeks or so…

Forget Terra 2.0 — Polygon wants Terra projects to move to its blockchain instead. Polygon Studios CEO Ryan Wyatt shared via Twitter yesterday that Polygon — a sidechain built to compliment and help scale Ethereum — is launching a “multi-million dollar fund” called the Terra Developer Fund to help Terra…

The Ethereum Beacon Chain experienced a seven-block reorganization today. Here’s what that means, and why it could have been a security risk. The Ethereum beacon chain, which will be crucial to the Ethereum Merge scheduled for later this year, today experienced a potentially high-level security risk known as a blockchain “reorganization.” A reorganization, or reorg, can happen either through a network failure, such as a bug, or a malicious attack, temporarily resulting…

Since 2022, the crypto market has continued to be volatile, and the price has dropped by more than 50% since the high point in 2021. Then the price halving did not seem to affect Bitcoin adoption. Crypto is still seeing some exciting developments in redefining ownership and value transfer. Crypto…

Coinbase ranked second overall in revenue growth among companies on the list, at 514%, trailing only Moderna. Coinbase, the largest U.S. cryptocurrency exchange, has become the first crypto-focused company to be included in the Fortune 500. The exchange pulled in $7.8 billion in revenue for the 2021 fiscal year, ranking 437th on the list, which was announced on Monday. But when ranked by revenue growth, Coinbase, at…

Crypto is another step closer to mainstream acceptance as a payment method — if buying $1,250 hoodies that come pre-destroyed can be considered mainstream, that is. Starting next month, French luxury fashion label Balenciaga will begin accepting Bitcoin and Ethereum as payment online and at select brick-and-mortar locations, according to…