The Bitcoin network’s value settlement efficiency has been improving steadily recently, with more being settled for lower fees. Over the past week, the Bitcoin network has transferred or settled an average of $95,142 of value for every $1 worth of fees. The on-chain settlement efficiency has been gradually increasing since May as more has been moved around the network during…
South Korea’s Shinhan Bank and Hedera Hashgraph (HBAR) have completed a proof of concept that is designed to conduct international remittances using stablecoins on the Hedera Network. The new proof of concept by South Korea’s Shinhan Bank for remittances can send money internationally within seconds for a fraction of a cent on the Hedera Network. Hedera claims that the average…
Billionaire investor Mike Novogratz has cautioned that Federal Reserve Chairman Jerome Powell could slow down the crypto market in his second term in office. Commenting on his renomination, Novogratz said Powell could “act more like a central banker than a guy that wants to be reappointed.” How Jerome Powell’s Second Term as Fed Chair Could Impact Crypto Billionaire investor Mike…
In what could be a big win for the local crypto industry, South Korean lawmakers are close to delaying taxation on digital assets for another year. Representatives from the Tax Subcommittee in the National Assembly, South Korea’s legislative body, reached a bipartisan agreement on Nov. 29 by approving an amendment that could postpone the crypto tax by one year. If…
Denver-based investment firm Kelly Strategic Management has filed for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts. The move comes just three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications on the same day in August. According to a Nov. 29 filing with the U.S. Securities and Exchange Commission (SEC), the Kelly Ethereum…
Cryptocurrency exchange Kraken has announced support for the meme cryptocurrency shiba inu (SHIB). Deposits are now live and SHIB trading is expected to commence on Tuesday. The price of SHIB surged following Kraken’s announcement. SHIB on Kraken: Deposits Now Live, Trading Set to Begin Tomorrow Crypto exchange Kraken announced Monday that shiba inu (SHIB) deposits are live and trading is…
I should have seen it coming: At the Thanksgiving dinner table, my 7-year-old niece asked me, “What’s an NFT?” If you’re into crypto, you’re likely to get asked this too, by a crypto-curious (or more likely crypto-skeptical) family member during the holiday season. We’ve got a Decrypt Learn guide to NFTs, but “digital assets that contain identifying information recorded in smart…
Summary Of The Holiday Week Despite what many had hoped for, bitcoin spent the holiday pumping out the red candles. It’s not surprising as the past has shown a correction following new all-time highs, and bitcoin has spent the first half of November 2021 setting a new all-time high nearly every week. It’s perfectly normal to see a correction in…
The $4,700 Bitcoin (BTC) price spike on Nov. 29 was likely a great relief for holders, but it seems premature to call the bottom according to derivative metrics. This should not come as a surprise because Bitcoin price is still 15% below the $69,000 all-time high set on Nov. 10. Just 15 days later, the cryptocurrency was testing the $53,500…
In brief Hacker Jane Wong has gained fame for finding features in apps before they’re announced. She recently added an Ethereum tips feature that has not been announced by Twitter. Jack Dorsey, the outgoing Twitter CEO, is known for focusing all of his crypto efforts on Bitcoin—so it’s fitting that, on the day of his resignation, one hacker has been…
