Decrypt
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A daily news site covering all things crypto and the decentralized web.
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Decentralized Twitter Rival Bluesky Announces $8M Fundraise, Paid Services

Twitter competitor Bluesky has announced a $8 million seed round and introduced its first paid service.
Abracadabra Money Mulls Registering DAO as Centralized Legal Body

Abracadabra Money’s team leader had put forward a proposal to form to introduce "a certain degree of centralized legal structure" for its DAO.
Meta’s ‘Twitter Killer’ Threads Onboards Millions, But Snags Some With Fine Print

Meta claims the new text-based app has attracted over 10 million users in its first hours. But it has also committed them to policies that could result in the unwanted deletion of millions of Instagram accounts.
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Eyeball Pool Puts an NFT Twist on the Classic 8-Ball Game

Developed by co-creators of the billion-downloaded 8 Ball Pool, the iOS and Android game will be built on Immutable zkEVM.
DeFi Traders Lost $228 Million to Hackers in 3 Months

The overall number of hacks has increased by 65% and losses from fraud rocketed up by 225%.
Circle Is Now Closer to Launching Its Coinbase Wallet-Building Competitor

The fintech firm is helping developers add crypto wallets to their applications.
Bitcoin Tax Evasion Can’t Be Stopped With Just Anti-Money Laundering: IMF Report

“Whether crypto withers or blossoms, the tax system still needs to deal with it,” the IMF authors wrote.
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Bad Blood? FTX Called It Off With Taylor Swift, Not the Other Way Around: Reports

Taylor Swift reportedly signed the proposed $100 million deal, contrary to previous claims, but NYT sources now say that FTX’s founder backed out.
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Institutions Are Holding More Bitcoin Than Ever Before, Says Ark Invest

Bitcoin balances on over-the-counter trading desks, which Ark Invests uses as a proxy for institutions, is up 60% over the last quarter.
Bitfinex Recovers $314K of the $3.6 Billion Stolen in 2016 Bitcoin Hack

The crypto exchange today announced it had recovered cash and Bitcoin Cash from the notorious hack. But there is still a lot to be recovered.
US Military Is Training AI to Give Orders and Handle State Secrets

How close is AI to making decisions on the battlefield? A U.S. Air Force colonel says tests have been "highly successful" so far.
The Most Anticipated Crypto and NFT Games

Lavish titles like Illuvium, Shrapnel, and Otherside are poised to redefine blockchain gaming. Here's what to watch for in 2023 and beyond.
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New York City Law Aimed at Curbing AI Bias Goes Into Effect

As AI tools are rapidly adopted by businesses, the New York City law aims to prevent bias in employment decisions.
CFTC Orders Two Florida Men to Pay $5.4 Million in Bitcoin Fraud Case

Investors never received a satoshi of Bitcoin, despite what they were promised.
Stable Diffusion XL v0.9 Leaks Early, Generating Raves From Users

SDXL is spreading like wildfire, because why wait a few days when you can test the latest open-source AI image generator on your own PC?
Traffic Dip Hits OpenAI's ChatGPT: The First Time's the Hardest

This would be the first decline in traffic since OpenAI launched ChatGPT.
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$126M in Multichain Funds ‘Abnormally’ Moved to Unknown Address, Says Troubled Bridging Project

Co-founder of the bridging protocol Multichain said that the project was hit by yet another hack amid an "abnormal" transfer of $126 million.
Binance CEO Calls Reasons Behind Employee Turnover 'Completely Wrong'

Changpeng Zhao hit back at reports describing Binance's several top executives' departures as “full-on turmoil,” calling them “more FUD.”
Crypto Without the US? Don’t Bet on it, Says BITKRAFT Legal Manager

BITKRAFT'S legal counsel believes the U.S. is getting regulatory clarity soon. He also predicts AI will be a boon to venture capital firms.
EU Regulators Warned: Don’t Ignore DeFi

A trade body for Europe’s wholesale financial markets says that decentralized activities need to be regulated.
Bitcoin Falls to $30,000 Amid Expectations of Fed Rate Hike

A preliminary monthly report on the U.S. job sector jolted risk-on sentiments yesterday, as the market prepared for higher interest rates in July.