Decrypt News

When Web3 bug bounty platform Immunefi launched two years ago, CEO and founder Mitchell Amador says the bug bounties weren't great and adoption was slow. But the tides started to turn because even if exploiting a smart contract nets a bigger payday than a bounty, it comes with a huge drawback. "There's a ton of risk when you engage in this, you know, wantonly criminal behavior and steal $200 milli...

There's no doubt that the SEC dealt Kraken—and the outlook for crypto staking products in the U.S.—a big blow when it announced a $30 million settlement and ordered the company to stop offering the service to its customers in the states in February. Now Marco Santori, the company's chief legal officer, says the exchange is eager to move on from it. That means reckoning with a really challenging re...

Arthur Hayes says the speed at which projects like Terra grow and then implode is a feature of the crypto industry, not a bug. He founded crypto exchange Bitmex in 2014 and then became the original crypto bad boy. In 2021 the DOJ charged him in with violating the U.S. Bank Secrecy Act for not implementing an anti-money laundering program at Bitmex. He plead guilty and was sentenced to two years pr...

Anthony Scaramucci of hedge fund SkyBridge Capital got burned by Sam Bankman-Fried: he co-hosted SALT conferences with FTX and sold a 30% stake in SkyBridge to FTX Ventures. And yet, "The Mooch" tells Dan Roberts and Stacy Elliott "I'm more bullish now than I have ever been" on crypto as an investment case. He discusses his frustration with SBF, how wrong he thinks politicians like Elizabeth Warre...

In our latest gm AMA, recent guest Friederike Ernst, Co-founer and COO of Gnosis, hopped into our listener Telegram room and answered questions via voice memo. Friederike talked about the Gnosis merge with xDai, how to decentralize a DAO, whether prediction markets should be considered a public good, why Gnosis chose not to have a single figurehead, and much more. Make sure you go back and listen...

Grab your picks and shovels for a Bitcoin mining deep dive. Even as Texas aims to pass a bill limiting rewards for Bitcoin miners, Toronto-based Bitcoin mining company Hut 8 is bullish on growth across the U.S. That's why Hut 8 recently announced a merger of equals with U.S. Bitcoin Corp. Hut 8 CEO Jaime Leverton joined Dan Roberts and Stacy Elliott to talk expanding into the U.S., dealing with re...

In our first gm AMA, recent guest Neal Stephenson hopped into our listener Telegram room and candidly answered questions via voice memo. Neal is the "Snow Crash" author who coined the term "metaverse" and is now working on open metaverse blockchain Lamina1. Make sure you go back and listen to his full gm episode from March 4 before enjoying this bonus AMA. And make sure you join our Telegram room,...

Move over, DeFi—ReFi is coming? Gitcoin founder Kevin Owocki has stepped away from DeFi grant-giving machine Gitcoin as it fully decentralizes and is now focused on regenerative finance (huh?) and ReFi incubator Supermodular. He aims to "regenerate the regenerators." He explains it all to Dan Roberts and Liam Kelly, and also talks DAO structure, crypto factions, NFT use cases, his book "Greenpille...

Gnosis first launched in 2015 as a decentralized prediction market built on Ethereum. Now it's a DAO, a multi-sig wallet, a staking chain, and a vibrant community with its own GNO governance token. Co-founder and COO Friederike Ernst talked to Dan Roberts and Stacy Elliott about the careful evolution of Gnosis, decentralization impostors, account abstraction, DeFi UX failures, why Ethereum is the...

Paul Grewal is the Chief Legal Officer at Coinbase and a former U.S. magistrate judge in Northern California. He gave Dan Roberts and Stacy Elliott his candid takes on Sam Bankman-Fried and FTX, the SEC's crackdown on staking, the sanctioning of Tornado Cash, and more alpha on how Coinbase is approaching the current unfriendly US regulatory environment. For more from Decrypt, visit  decrypt.c...

Dan Roberts and Stephen Graves returned from NFT Paris feeling super bullish after seeing tons of artists, builders, and luxury brands show up—and even Brigitte Macron. They recap the conference and play four interviews conducted there with Yat Siu (Animoca Brands Chairman), Sebastien Borget (The Sandbox COO), Pierre-Nicolas Hurstel (Arianee CEO), and Erika Wykes-Sneyd (Web3 lead at Adidas). For m...

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Neal Stephenson coined the term “metaverse” in his seminal 1992 sci-fi hit novel “Snow Crash.” Now he’s helming a metaverse blockchain company called Lamina1 and advocating for one free and open metaverse. He spoke to Dan Roberts and Stephen Graves at length about what he got right and wrong in “Snow Crash,” goggles and flat screens, Big Tech, NFTs and digital ownership, and more. For more from De...

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Ava Labs Founder and CEO Emin Gün Sirer has been working on proof-of-work cryptocurrencies since before Bitcoin. He talked to Dan Roberts and Stacy Elliott about how Avalanche avoided the FTX crisis and how much damage SBF has done to crypto’s image with VCs, why institutions still aren’t backing away from crypto, how Avalanche will succeed in the long run, and trying to cater to both Wall Street...

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