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Bitcoin tumbled to lows of just over $55,000 Friday morning, with experts warning of a potential further decline to $50,000, as Bitcoin ETFs hit a seven-day streak of outflows. The price of Bitcoin slipped to lows of $55,363, before recovering to trade at its current price of $56,125, down 1% on the day, per data from CoinGecko—reflecting broader market jitters and diminishing risk appetite among investors. Market analysts pointed to a confluence of factors, including sustained ETF outflows, br...

Late Thursday, users discovered social messaging platform Telegram had quietly removed part of a section from its FAQ relating to the moderation of private group chats. Though one key part surrounding the contentious language remains elsewhere, Decrypt has learned. A section of Telegram’s FAQ had previously stated, “All Telegram chats and group chats are private amongst their participants,” underneath a question relating to removing illegal content on the messaging app. That line has since been...

Sky, the DeFi protocol formerly known as MakerDAO, is under pressure from its community after co-founder Rune Christensen confirmed last month the protocol’s upcoming USDS stablecoin could feature a freeze function sometime in the future.  Although the function will not be enabled at launch on Sept. 18, the idea of including the mechanism has sparked concern about the centralization of Sky’s ecosystem. Christensen, addressing recent concerns in an interview with Decrypt during Korea’s Blockchain...

A musician from Cornelius, North Carolina has been charged with wire fraud conspiracy, wire fraud, and money laundering conspiracy in connection with a years-long scheme to manipulate music streaming platforms and pocket over $10 million in royalties with AI-generated songs. From 2017 to 2024, Michael Smith, 52, allegedly used AI to generate songs and automated bots to inflate listener numbers across music streaming platforms. While the services used were not disclosed, major players like Spotif...

The FCA approved only four of the 35 applications it received in the year ended March 31.

The FCA approved only four of the 35 applications it received in the year ended March 31.

Discover the four altcoins poised to disrupt the crypto market in this cycle, all leveraging the powerful Solana blockchain. With major investments from key players like Panta Capital and a16z, these projects—Helium, Hive Mapper, Wormhole, and Jupiter—could offer life-changing returns. Explore how these tokens are set to capitalize on the growing Solana ecosystem and what this could mean for your investment strategy.

The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.