Search
Bitcoin Sender Struck With $3.1M Transaction Fee, Largest in History
23.11.2023
Someone paid $3.1 million in transaction fees for a bitcoin [BTC] transfer on Thursday. Bitcoin miner Antpool was rewarded for mining the block, it received the standard 6.25 BTC as well as 85.2163 BTC in fees for all transactions included in the block, on-chain data shows
Bitcoin user pays $3.1M in transition fee for one 139 BTC transfer
23.11.2023
A Mempool developer suggested that the user behind the transfer might not be aware of the non-cancellation of replacement fees policy, resulting in an accidental $3.1 million transaction fee
Binance Wallets Move Approximately $4 Billion in Stablecoin Ahead of DOJ Settlement
23.11.2023
Source: Unsplash Binance wallets have moved $3.9 billion worth of Tether (USDT) in a recent transaction amid the exchange’s pending $4.3 billion penalty that it agreed to pay to the Department of Justice. On-chain data shows that the majority of the funds were transferred from one Binance...
China Debuts Solar Power Industry Digital Yuan Smart Contracts
23.11.2023
Source: jeson/Adobe A Chinese power provider says it has completed the first digital yuan smart contract transaction in the solar power industry. Per the Yangtse Evening Post (via Sohu), the State Grid Suzhou Power Supply Company struck the CBDC contract with the materials and textiles firm Suzhou...
Why On-Chain Transaction Is the Key Blockchain Indicator
22.11.2023
The metric helps investors and users to understand whether a blockchain is going to merely survive, or thrive, says Todd Groth, head of research at CoinDesk Indices
Analysis Claims Discovery of Selective Transaction Filtering in Bitcoin Mining Pools
21.11.2023
A recent analysis by 0xB10C, a developer and onchain analyst, has uncovered intriguing findings in the Bitcoin network. The study, which focuses on the mining pools’ transaction selection processes, revealed that certain transactions from U.S. Treasury-sanctioned addresses were missing from...
Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns
21.11.2023
Bitcoin transaction fees have soared above Ethereum’s amid a renewed appetite for Ordinals-inscribed assets
Bitcoin and Ethereum Networks See Heightened Fees as Crypto Usage Soars
20.11.2023
Source: AdobeStock/Andrey Popov Bitcoin (BTC) and Ethereum (ETH) networks have experienced a dramatic surge in transaction fees amid soaring crypto usage. According to data by BitInfoCharts, the average BTC transaction fee currently stands at around $10, up by more than 500% compared to less than...
Neon EVM Launches Feature to Pay Transaction Fees With Different Tokens on Testnet
17.11.2023
Source: Neon EVM Neon EVM, an Ethereum Virtual Machine on Solana, has announced its testnet support for several tokens as an alternative payment for gas fees. JUST IN: Neon EVM is working on letting users pay transaction fees with different tokens — Crypto Chiefs News (@CryptoChiefNews)...
Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes
17.11.2023
On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $18.69 per transfer, marking a high of 0.00051 BTC. This surge represented the second-largest increase in 2023. However, the following day saw a reduction in onchain fees. Despite this, as of 8:13 a.m. Eastern Time...
South Korea’s National Pension Service Dives Into Crypto With $20M Coinbase Investment
17.11.2023
Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20 million, marks the pension fund’s inaugural...
Kazakhstan’s NPC Officially Rolls Out State-backed CBDC in Partnership With Visa and Mastercard
15.11.2023
Source: Iliya Mitskavets/Adobe Central-Asia Country Kazakhstan has officially launched the digital tenge project, a central bank digital currency (CBDC) designed to simplify payments and drive economic growth. According to a local news outlet report on November 15, Binur Zhalenov, CEO of...
OKX Collaborates with Polygon Labs to Launch Testnet of X1, A High-Performance zkEVM Layer-2 Network
14.11.2023
OKX partners with Polygon Labs to test new layer-2 network X1. Image by AndriiKoval, Adobe Stock. On Tuesday, the sixth largest cryptocurrency exchange OKX announced a partnership with blockchain platform Polygon Labs to launch a test network for X1, a new zkEVM layer-2 solution designed to improve...
Ethereum Transaction Fees Climb 219% in 3 Weeks as Onchain Crypto Transfers Become Pricier
12.11.2023
Over the last three weeks, the transaction costs for bitcoin (BTC) have climbed sharply, reaching a peak of $15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has jumped significantly. In the span from October 22 to November 12, 2023, the average fee for ethereum...
Near Foundation and Polygon Labs Partner to Build Zero-Knowledge ‘Prover’ for WASM Chains
12.11.2023
Near Foundation and Polygon Labs recently announced that they would build “a zero-knowledge (ZK) prover for WASM blockchains.” For WASM chains using the zkWASM prover, settling transactions will be more efficient and cost-effective with maximum security guarantees. Transaction Settling...
Maximizing Efficiency in High Fee Environments: A Guide to Bitcoin UTXO Consolidation
10.11.2023
In an era where bitcoin transaction fees can soar unexpectedly, managing your unspent transaction outputs (UTXOs) is crucial for minimizing costs. Bitcoin users with multiple UTXOs can face hefty fees for future transactions, which depletes the value of their holdings over time. Understanding UTXO...
Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive
9.11.2023
Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed high-priority, which formerly cost an average of $3.38, now demands a fee of $8.46. This significant increase was recorded on Thursday, November 9, 2023...
Top 5 Best Online Casinos That Accept Cryptocurrencies in 2023 by VAVE Partners
9.11.2023
Written by VAVE Partners. Online casinos have always been at the forefront of technological innovation, constantly finding ways to offer better user experiences and more convenient transaction methods. In recent years, one of the most significant advancements among online casino sites has become...
Australian Crypto Wallet CoinSpot Hacked for $2.4 Million Worth of Ether – Report
9.11.2023
Source: Pixabay / Werner Moser Crypto sleuth ZachXBT has reported an exploit, involving Australian crypto platform CoinSpot, allegedly suffering over $2 million worth of Ether. According to a Telegram post by ZachXBT in the early hours of Thursday, attackers drained funds from CoinSpot’s hot wallet...
Inordinately high — Bitcoin ordinals send BTC transaction fees to new 5-month peak
7.11.2023
Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in ordinals