Sunil Kumar
@sunil12349
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News
Business
Another Publicly Traded Firm Just Adopted a Bitcoin Reserve Strategy
Matador Technologies is following in MicroStrategy’s footsteps, sharing a board member with Japanese firm Metaplanet—another Bitcoin buyer.
André Beganski
By André Beganski
Dec 24, 2024
3 min read
Image: Shutterstock
Image: Shutterstock
Matador Technologies, a Canadian crypto firm, said Monday that it would begin leveraging Bitcoin as a treasury reserve asset, starting with a $4.5 million purchase later this month.
The little-known company has been developing a platform on top of Bitcoin’s network, which will enable users to one day purchase and trade digital representations of gold, according to a press release. The company previously said it’s targeting a launch of “early 2025” for said platform.
The company, formerly known as Scaling Capital 1, began trading on the TSX Venture Exchange last week under its new name. Since Matador’s debut last Tuesday, its stock price has fallen 35% from a closing price… 0 reply
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The 69 Dumbest Moments of the Year: 2024 Crypto Edition
For crypto, 2024 was the best of times and the dumbest of times. Here are 69 of 420 dumbest moments of the year.
Ryan S. Gladwin
By Ryan S. Gladwin
Dec 25, 2024
39 min read
So delightfully dumb. Image: Shutterstock
So delightfully dumb. Image: Shutterstock
Crypto was dumb in 2024—like, really dumb. This year’s meme coin supercycle spawned the most bizarre characters the industry has ever seen, which is saying a lot, and conferences had us cringing weekly, all while politicians begged on their knees for the crypto vote (or at least its money).
And with this, we’ve enjoyed some of the dumbest moments ever inscribed on the perfectly distributed, immutable, uncensorable Blockchain of Life. From a meme coin developer setting himself on fire to promote his meme coin (#6, below) to FARTCOIN itself piercing a billion-dollar market cap (a late breaker that we didn't even count, but Stephen Colbert did), this year was truly something all of us can be pr… 0 reply
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Decrypt’s 2024 Project of the Year: Solana Meme Machine Pump.fun
Few projects in crypto’s short history have done more to both capture and shape the culture—for better or worse.
By Ryan S. Gladwin
Dec 19, 2024
15 min read
Ryan S. Gladwin
Solana meme coin machine Pump.fun is Decrypt's Project of the Year for 2024.
Solana meme coin machine Pump.fun is Decrypt's Project of the Year for 2024.
In brief
Pump.fun has made it so anyone can be a meme coin “dev,” lowering the barrier to crypto and opening the floodgates.
As a result, more tokens have been created, bought, and sold this year than ever before—driving degens to Solana.
Love it or hate, Pump’s impact has been undeniable, and it’s Decrypt’s Project of the Year for 2024.
It started on a whim. Two devs, a laptop, and an idea to develop a platform for launching crypto tokens fairly, cheaply, and easily—all while minimizing the risk of scams.
The product wasn’t perfect—far from it. And after launching in January, it arguably led t… 0 reply
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Ripple CTO Warns of 'FOMO' as RLUSD Stablecoin Prepares for Market Debut
Schwartz highlighted pre-market bids for RLUSD reaching $1,244, driven by buyers eager to claim the “honor” of being the first to buy it.
Vismaya V
By Vismaya V
Dec 16, 2024
2 min read
Ripple is developing a stablecoin pegged to the US dollar. Image: Shutterstock.
Ripple is developing a stablecoin pegged to the US dollar. Image: Shutterstock.
Ripple’s chief technology officer, David Schwartz, has cautioned investors about potential price volatility for RLUSD, Ripple’s U.S. dollar-pegged stablecoin, as it prepares for launch.
In a December 15 post on X, Schwartz addressed concerns about RLUSD’s market debut, acknowledging the possibility of initial supply shortages that could drive its price above its intended $1 parity to the U.S. dollar.
An announcement for when RLUSD will be released to the market has yet to be provided. Ripple did not immediately respond to a request for comment.
In August, Ripple announced that it … 0 reply
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Deep Dives
Long Reads
Decrypt’s 2024 Story of the Year: How Crypto Money Changed American Politics
This year, a handful of crypto executives revolutionized how corporations spend on elections. The effects of their triumph could extend well beyond crypto.
By Sander Lutz
Dec 11, 2024
14 min read
Sander Lutz
How crypto money influenced the 2024 election, and what it means for the American political process going forward, is Decrypt's Story of the Year.
How crypto money influenced the 2024 election, and what it means for the American political process going forward, is Decrypt's Story of the Year.
In brief
Crypto lobbying efforts led by Coinbase, Ripple, and Andreessen Horowitz changed the political landscape in 2024.
The plan worked, but it also set a risky precedent.
The story of how it happened, and what it means for crypto and beyond, is Decrypt's 2024 Story of the Year.
It was December 2022, FTX had just collapsed into a $32 billion dollar cloud of vapor, Sam Bankman-Fried was adjusting to life in th… 0 reply
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