Ethereum's Wallet Simplification and the Rising Investor Confidence

Exploring Ethereum's strategic move to simplify crypto wallets and the growing investor sentiment, Shinhan Bank's successful stablecoin tests on Hedera Bitkey redefines Bitcoin security

Welcome to Daily Digest, where we surface trending news in crypto-based on conversations we found on Twitter, news publications, blog posts, and other social media, powered by the Coinfeeds platform.

Here are the trending news items over the last 24 hours. If you’d like to see it’s realtime updated version, head over to our website here

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Vitalik Buterin Explains How Ethereum Plans to Make Crypto Wallets as Simple as Email

Ethereum co-founder, Vitalik Buterin, revealed at the Ethereum Community Conference in Paris, plans to make crypto wallets as simple as email. The platform aims to switch from Externally Owned Wallets to smart contract-based wallets, which would allow for non-custodial wallets, easy wallet recovery, signless transactions, and team wallets. This upgrade is expected to make Ethereum more efficient and cost-effective.

Crypto survey finds 47% of investors expect Ethereum to ‘surpass’ Bitcoin

A survey by CryptoVantage found that nearly half of investors believe Ethereum will surpass Bitcoin. Fidelity Digital Assets also released a bullish report for Ethereum due to factors such as a higher burn rate, increased network validators, and the anticipated upgrade of Uniswap.

South Korea’s Shinhan Bank tests stablecoin payments on Hedera network

Shinhan Bank of South Korea has successfully tested stablecoin remittance payments on the Hedera network. The pilot aimed to address issues with cross-border payments, such as high fees, lengthy settlement times, and lack of tracking features.

Bitkey: Jack Dorsey's Futuristic Crypto Wallet Redefining Bitcoin Security

Bitkey, a futuristic crypto wallet developed by Block, led by Twitter co-founder Jack Dorsey, aims to redefine Bitcoin security by giving users unprecedented control over their digital assets.

Litecoin (LTC) Hits All-Time High in Network Transactions Before Halving

The Litecoin network recently surpassed 170 million on-chain transactions, gaining 10 million in just seven weeks. The Litecoin community is expecting its third halving in early August, which will reduce its block rewards to 6.25 coins. You can read more about the reasons behind the current price spike here - What's Behind the Recent Spike in Litecoin's Value?

Oasis launches Ethereum-compatible privacy blockchain Sapphire

Oasis has launched Sapphire, a confidential EVM-compatible blockchain which offers improved privacy features for decentralized applications (DApps) on Ethereum Virtual Machine (EVM) networks.

Bitcoin price falls to $29.5K, but on-chain data reflects investors' growing interest

Despite Bitcoin's price falling below $30,000, on-chain data suggests that this drop does not indicate a long-term trend reversal. The data shows that buyers are consistently accumulating Bitcoin in the $28,000 to $25,000 range, considering it an accumulation zone.

As always, stay tuned for more updates in crypto!