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Staking Bitcoin is fast becoming a reality—a functionality once the sole privilege of proof-of-stake crypto networks. Thanks to Babylon, HODLers can already lock up their BTC, which will soon be used to secure and earn yield from multiple staking-based blockchains at a time. While this has enormous implications for the entire crypto economy, its consequences may be most strongly felt in an ecosystem that’s just getting started: Bitcoin layer-2 networks. “Bitcoin L2s [are] definitely a very impor...

The arrest and indictment of Telegram founder Pavel Durov by French authorities has led to renewed discussion about which messaging app provides the most privacy and protection for users. Despite its massive popularity, many critics say Telegram security is lacking. Government interest in privacy-preserving technology is intense, as criminals have been known to use encrypted applications to conceal their crimes. However, such tools are also vital to journalists, dissidents, and survivors of abus...

Illustration by Mitchell Preffer for Decrypt. It was a waterfall of red, spilling down from the top of the cryptocurrency charts this week. The price of Bitcoin rolled into the weekend at $59,297, according to CoinGecko data, after seeing a sudden drop on Friday. The dip comes after the massively successful spot Bitcoin ETFs also saw more investor cash leave than come in—the first outflows in nearly four months. Analysts tell Decrypt there are solid reasons to expect BTC to face sustained downwa...

The cryptocurrency market may have to brace for potential turbulence in the coming months as several major Bitcoin (BTC) holders—including defunct exchanges and government entities—could liquidate substantial portions of their holdings.  This raises concerns about continued downward pressure on the world's leading digital asset and its market liquidity. According to a new report by crypto data provider Kaiko, the crypto market is currently grappling with a significant supply overhang. It's been...

It's been a rough August, with the world's largest crypto set to close the month with a double-digit percentage loss.

The University of Michigan's monthly consumer sentiment index survey showed households' one-year inflation expectation at 2.8%, down from 2.9% in July and now the lowest since December 2020. The five-year outlook for price growth was unchanged at 3.0%. The wider survey showed a modest improvement in consumer sentiment this month, with the uptick having significant political overtones as the Nov. 5 U.S. presidential election approaches.