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Dormant Bitcoin Wallet From 2014 Moves $10.2M—After a Decade
16.8.2024
On Aug. 16, 2024, with bitcoin (BTC) hovering above the $58,000 mark, a bitcoin wallet that had been untouched since Jan. 8, 2014, moved 174.88 BTC for the first time in over a decade. Back when the funds were initially secured by the P2PKH (Pay to Public Key Hash) address, they were valued...
Noones CEO Ray Youssef Blasts Bitcoin Fees: ‘We Have Failed the Global South’
24.4.2024
Ray Youssef, the former Paxful CEO, has commented on the negative impact of high transaction fees on bitcoin adoption in emerging markets. Youssef stated on social media that the recent developments in the bitcoin fee market have pushed users to alternatives such as USDT on the Tron blockchain over...
Futures Funding Rates Normalize After Crypto Surge Forced Traders to Pay High Fees to Maintain Long Positions
15.11.2023
Image Source: Pexels Funding rates on major token futures have started to return to normal levels after recent rally forced traders to pay unusually high fees to sustain their long positions. Amid the recent surge in crypto prices, open interest in futures skyrocketed to over $35 billion, according...
Are high fees killing some types of DApps? Cartesi explains on Hashing It Out
9.11.2023
Erick de Moura argues that on blockchain networks with high fees, some types of decentralized applications don’t survive because users are only willing to part with cash for a few specific kinds
BIS Report Cites ‘Inherent Limitations’ of Cryptocurrencies; Questions Their Role in Global Economy
13.7.2023
The Bank of International Settlements (BIS) has published a report on cryptocurrencies and explains that the technology has serious “flaws.” BIS researchers insist that permissionless blockchains have “inherent limitations” that lead to network congestion and high fees. BIS Report: ‘Crypto Has...
Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long
11.5.2023
The transaction fees debacle might be a short lived revenue bump for the miners but provides a glimpse of the future for the miners
There's No Such Thing as High Fees on Bitcoin
9.5.2023
Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows
9.5.2023
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their...
Blockchain Shardeum Raises $18.2M to Tackle Slow Traffic, High Fees
18.10.2022
The EVM-based sharded layer 1 blockchain can expand transactions per second infinitely depending on traffic demand
Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees
6.2.2022
Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard...
Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible Solution
28.11.2021
The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin...
DeversiFi Explains What Caused the USD 23M Transaction Fee on Ethereum
29.9.2021
coinciding with gas fee changes associated with the EIP-1559 upgrade in some circumstances can lead to transactions with extremely high fees.”
Fantom Launches NFT Marketplace Artion – Platform Aims to ‘Unburden Creators of High Fees’
26.9.2021
On September 24, 2021, the Fantom Foundation announced the launch of a new non-fungible token (NFT) marketplace that aims to compete with the myriad of NFT markets out there today. The market dubbed Artion is an NFT marketplace built on the Fantom network and claims to bolster “0%...
Ethereum Transfer Fees Drop From Recent Highs, L2 ETH Solutions Between 46-97% Cheaper
13.9.2021
At the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20 per transaction. Days later, ether transaction fees...
Sushi is Expanding to Avalanche While Ethereum Camp Fights High Fees
16.3.2021
Major DeFi protocol SushiSwap (SUSHI) has announced its expansion to the Avalanche (AVAX) smart contract platform, while the Ethereum (ETH) camp is looking for new ways to curb its sky-high fees that force its users to look for alternatives.
SushiSwap, which launched in the second half of 2020...
Ethereum Fans Brag About All-Time High Fees As L2 Solution Coming
5.1.2021
Ethereum (ETH) fees hit a new an all-time high, with its supporters arguing it's a proof of high demand, while Ethereum moves towards a new Layer 2 (L2) scaling solution.
Ethereum has been experiencing significantly high fees on and off for several months now, particularly with the decentralized...
Kickoff Your DeFi Adventure With Yearnify Finance – Get Your Tokens on Pre-Sale
20.12.2020
Decentralized Finance is definitely in the mainstream of the crypto industry. Smart contracts expanded the crypto usability, with users now being able to make different kinds of transactions without third parties. And that’s a relief. With so many high fees and breaches of privacy, it’s...
Remitano Makes Cross-Border Money Transfer Much Easier With New “Cash-Out” Feature
24.11.2020
PRESS RELEASE. To simplify banking and meet its users’ Remittance needs across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for cross-border money transfers. This system will allow users to send and receive money from other countries...
Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution
1.11.2020
While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have...
Party at Vitalik’s House? For DeFi, it’s Do-or-Die
20.9.2020
Ethereum gas prices have set new records, with single DeFi transactions costing over $10 in fees. High fees are the result of congestion, as users pay ever higher fees to ensure their transaction gets into a block. As DeFi takes off, the price of gas on Ethereum threatens its future. Or does it?...