We have some great news coming out of the United States on the cryptocurrency industry this month with potentially more good news coming later this fall. On Oct. 6,Gary Gensler, head of the U. S. Securities and Exchange Commission (SEC), confirmed during a House Committee on Financial Services hearing that the regulator will not ban cryptocurrency, potentially blazing the path…
The Lightning Network is a trustless* Layer 2 network for Bitcoin and brings forth many improvements in speed and cost of final settlement. I use an asterisk on trustless because although it is, there are a few caveats to take into consideration so that your funds are safe, aside from normal hot wallet risks. Watchtowers, which we’ll cover today, ensure…
On Monday, November 1, the long-awaited Kleiman v. Wright trial will begin as a federal jury plans to determine the relationship between Dave Kleiman and Craig Wright. The Kleiman estate is asking for $11.4 billion, alongside the return of intellectual property (IP) or its fair market value. While Bitcoinsv proponents and Wright’s fans believe the trial will finally prove Wright’s…
Crypto and taxes may not be a match made in heaven, but taxes seem inevitable, and the United States Internal Revenue Service (IRS) has made it clear it is going after people who dont report. With IRS summonses to Coinbase, Kraken, Circle and Poloniex, plus other enforcement efforts, the IRS is on the hunt. The IRS sent 10,000 letters in…
In brief Facebook rebranded to ‘Meta’. The move signals Facebook’s commitment to driving the metaverse. Oculus CTO John Carmack says it’s ‘unlikely’ that Facebook’s metaverse will totally embrace crypto. On Thursday, Oculuss Chief Technology Officer John Carmack said during a live keynote speech about Facebooks new metaverse that its unlikely were going to be in the completely open crypto world…
Illustration by Mitchell Preffer for Decrypt Crypto never fails to disappoint fans of volatility. This week, Bitcoin and Ethereum reached prices never seen before, then promptly pulled back while prices of altcoins, like SHIB, soared. Ethereum (ETH) recorded a new all-time high on Friday. Transactions came so thick and fast that the network burned more tokens than it minted, thanks…
A so-called meme cryptocurrency named after Tesla and SpaceX CEO Elon Musk is rising in value, namely by a whopping 3,780% in October. Dubbed Dogelon Mars (ELON), the cryptocurrency reached $0.00000233 Saturdayits highest level since May 13after opening the month at $0.00000005 (data from Poloniex). The massive upside move pushed Dogelon Mars’ market cap from around $26 million on Oct.…
The law “On Virtual Assets,” Ukraine’s attempt to regulate its growing crypto space, has been revised again and recommended for final adoption. A key parliamentary committee has given its support for the bill which was vetoed by the Ukrainian president this month. Ukrainian Deputies to Vote on Updated ‘Virtual Assets’ Law in November The saga with Ukraine’s long-awaited legislation regulating…
It all started with mining Bitcoin (BTC) in a dorm room. What started as a hobby with a few mining rigs scaled into twenty industry-scale mining farms across the globe. Because we scaled our operations in a new industry, we had to discover what worked and what didnt through trial and error because theres no handbook for this. Building a…
A friend of mine who is a school administrator in Connecticut, and knows nothing about crypto, has been asking me for months what coins she should buy. I gave her my usual disclaimers: I don’t dispense investment advice; do your own research (readDecrypt!); only invest what you can afford to lose. And I told her that Bitcoin and Ethereum are…
