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“# Hong Kong and China test cross-border digital yuan, says PBoC official ” China has completed its first cross-border pilots of the digital yuan with Hong Kong. Wang Xin, director of the People’s Bank of China research bureau, said that the Hong Kong Monetary Authority and the PBoC have conducted technical tests on the cross-border…
“# Ethereum’s high gas fee crisis won’t be solved by EIP-1559: Coin Metrics report ” A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem. According to the…
“# Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets ” Russian President Vladimir Putin has stressed the importance of developing additional measures to fight against illegal cross-border transactions of digital financial assets. Speaking at a board meeting of the General Prosecutor’s office Wednesday, Putin stated that “criminal elements have been increasingly deploying…
“# Gas tokens gain 300% as the quest for Ethereum network alternatives expands ” Network congestion and high transaction costs on the Ethereum (ETH) network have been a persistent issue for investors and developers for the past year and this has shone a spotlight on blockchain projects that offer a solution to these issues. One…
“# Binance crypto exchange launches payments app in alpha ” Binance has released its payments app, Binance Pay, in public alpha. The app is a contactless peer-to-peer cryptocurrency payment feature that lets users send and receive payments in cryptos like Bitcoin (BTC). Binance initially rolled out Binance Pay in a soft launch in February 202…
“# Mark Cuban sees $1 written in DOGE’s tea leaves ” After only three days accepting Dogecoin (DOGE) as a form of payment, Dallas Mavericks owner Mark Cuban is predicting the price of the token will eventually hit $1. In a Saturday tweet, Cuban said customers had used more than 20,000 Dogecoin — roughly $1,018 at…
“# Bitcoin and Ethereum slow down as transaction values and fees plunge 70% ” Bitcoin (BTC) and Ether (ETH) appear to be experiencing something of a slowdown, as on-chain data shows a dramatic decrease in the U.S dollar value of coins being sent across both blockchains in the past week. At the same time, transaction…
“# Ethereum on track to settle $1.6 trillion this quarter ” Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021. According to research from Messari, Ethereum has settled $926 trillion worth of transactions this quarter so far — 700% more than it processed during Q1 2020. …
“# Bitcoin whale from 2010 moves 100 BTC for first time in 11 years ” A veteran miner has cracked open their 2010 stash of Bitcoin, with crypto analysts spotting 100 BTC being transferred from two wallets that had laid dormant for more than a decade. Prior to today’s transaction, the addresses had not seen…
“# DeFi user pays $36K for one Uniswap transaction, as EIP-1559 draws closer ” Ethereum fees are at record level but even so, one Uniswap user paid well over the going rate with a gas fee of $36,000 for a single transaction. Crypto twitter has been flooded with complaints about the unsustainable fees for using…