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A daily news site covering all things crypto and the decentralized web.
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Pro-Trump Polymarket Whale Gets Rekt from Biden Inauguration
https://decrypt.co/54820/pro-trump-polymarket-whale-gets-rekt-from-biden-inauguration

Given the price of the wagers, it’s unlikely the bettor was looking for a hedge.
Biden Puts Freeze on Treasury's Proposed Crypto Wallet Rules
https://decrypt.co/54825/biden-puts-freeze-on-treasurys-proposed-crypto-wallet-rules

On his first day in office, President Biden told federal agencies his appointees would need to review any in-process rules.
Biden to Name Former Ripple Advisor as OCC Head: WSJ
https://decrypt.co/54834/biden-to-name-former-ripple-advisor-as-occ-head-wsj

Michael Barr, a former Treasury official and Ripple advisor, would replace Brian Brooks as Comptroller of the Currency.
Bitcoin.org Refuses to Remove Whitepaper Despite Legal Demands
https://decrypt.co/54839/bitcoin-org-refuses-to-remove-whitepaper-despite-legal-demands

Bitcoin.org’s owner “Cobra” is defending his decision by saying that the Bitcoin whitepaper has an MIT license.
Bitcoin Needs More Liquidity to See Greater Institutional Adoption
https://decrypt.co/54845/bitcoin-needs-more-liquidity-to-see-greater-institutional-adoption

Insufficient market capitalization is the biggest barrier to institutional adoption of cryptocurrencies, new research finds.
Bitcoin's Down 22% From All-Time High as Price Dips
https://decrypt.co/54851/bitcoins-down-22-from-all-time-high-as-price-dips

Despite the plunge, data suggests the number of HODLers is increasing as liquidity is getting sucked up.
Rick & Morty Creator Sells Ethereum Art for $1.65 Million
https://decrypt.co/54860/rick-morty-creator-sells-ethereum-art-for-1-65-million

Justin Roiland’s debut crypto art collection has been sold for just over 1,300 ETH—worth around $1.65 million in total.
Skybridge COO Reveals Bitcoin Fund Grew to $370 Million
https://decrypt.co/54856/skybridge-coo-reveals-bitcoin-fund-grew-to-370-million

Skybridge COO Brett Messing concedes, however, that the fund has a one year window before a Bitcoin ETF puts it out of business.
Kyber Upgrading to Compete With Uniswap for DeFi Traders
https://decrypt.co/54829/kyber-upgrading-to-compete-with-uniswap-for-defi-traders

Permissionless DeFi exchange Kyber Network has announced plans to bring networked liquidity and a new KNC token with the Kyber 3.0 upgrade.
BlockFi Adds Bitcoin Trading Desk for Big Investors
https://decrypt.co/54892/blockfi-adds-bitcoin-trading-desk-for-big-investors

Cryptocurrency lender BlockFi has rolled out an OTC trading desk for institutional investors worldwide.
Sequoia Holdings Is Letting its Employees Get Paid in Bitcoin
https://decrypt.co/54896/sequoia-is-letting-its-employees-get-paid-in-bitcoin

Employees at the software company can now choose to be paid in Bitcoin, Ethereum or Bitcoin Cash.
Banking on Bitcoin: Crypto Banks Are Coming for Fintech
https://decrypt.co/54870/banking-on-bitcoin-crypto-banks-are-coming-for-fintech

A new breed of bank is rising up in 2021, as crypto’s gatekeepers cave to institutional demand.
Binance Gets Officially Unbanned in Russia
https://decrypt.co/54913/binance-gets-officially-unbanned-in-russia

Binance had been officially prohibited in Russia for several months. But that ban has now been overturned.
JPMorgan: Bitcoin No Good as Market Hedge
https://decrypt.co/54935/jpmorgan-bitcoin-no-good-market-hedge

Bitcoin is less resilient than other common hedges, say analysts for the big bank. And "mainstream adoption" is making it worse.
What Is Horizen And How To Buy It
https://decrypt.co/20324/what-is-horizen

Horizen is a privacy-focused cryptocurrency and blockchain network. Its goal is to solve the scaling and security issues found in networks like Ethereum.
Nebraska State Senator Wants Crypto Banks in the Cornhusker State
https://decrypt.co/54957/nebraska-crypto-banks-legislation

Mike Flood, a Republican state senator in Nebraska, has introduced new legislation for banks interested in holding digital assets.
BlackRock’s Bitcoin Tease Has Crypto Industry Buzzing. Here’s Why
https://decrypt.co/54963/blackrock-bitcoin-crypto-industry-buzzing

It may not represent exactly the sort of “institutional adoption” most Bitcoin investors are hoping for. But crypto insiders say it’s a welcome start.
Biden Names Allison Herren Lee Acting SEC Chair
https://decrypt.co/54968/biden-names-allison-herren-lee-acting-sec-chair

Lee will serve as commissioner until Biden appointee Gary Gensler is confirmed.
CFTC Chair Who Called Ethereum a Commodity Steps Down
https://decrypt.co/54975/cftc-chair-who-called-ethereum-a-commodity-steps-down

Commissioner Heath Tarbert will remain at the Commodity Futures Trading Commission, though he has stepped down as chairman.
Crypto ETP Market Up 95% to $35 Billion Since December: Report
https://decrypt.co/54955/crypto-etp-industry-up-95-to-35-billion-since-december-report

Assets under management across all ETPs are on the up as institutional investors become more interested in Bitcoin.
Janet Yellen Clarifies Stance on 'Curtailing' Cryptocurrency Use
https://decrypt.co/54983/janet-yellen-clarifies-stance-on-curtailing-cryptocurrency-use

Her written testimony, released today, notes the benefits and potential of crypto assets to the financial system.