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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...
Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit
23.4.2024
Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate has experienced a modest decline, though nothing...
Bitcoin Users Spend Record $2.4M in Fees to Be a Part of Bitcoin Halving History
23.4.2024
Investors spent more than 37.7 Bitcoin, worth $2.4 million, in fees to claim their spot on the 2024 Halving Block, making it the most expensive block ever mined.
The post Bitcoin Users Spend Record $2.4M in Fees to Be a Part of Bitcoin Halving History appeared first on Cryptonews
How the Bitcoin Halving Will Drive Action to Layer 2s
22.4.2024
Bitcoin fees sink after a record $128 daily average on halving day
22.4.2024
Within twenty-four hours of the fourth Bitcoin halving on April 20, the average fees paid on the platform witnessed a substantial drop. According to mempool.space, as of April 21, Bitcoin rates for medium-priority transactions have dropped to an average of $8–$10. According to Crypto Fees, Bitcoin...
Bitcoin Miners Have Raked in Abnormal Transaction Fees Since Halving: Bernstein
22.4.2024
The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said
Bitcoin Transaction Fees Plummet to Single Digits After Record High of $128 on Halving Day
22.4.2024
Bitcoin transaction fees experienced a significant drop just one day after reaching an all-time high average of $128 on April 20, coinciding with the fourth Bitcoin halving.
The post Bitcoin Transaction Fees Plummet to Single Digits After Record High of $128 on Halving Day appeared first...
Bitcoin Transaction Fees Come Crashing Down Post Halving
22.4.2024
After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
21.4.2024
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees
Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply
21.4.2024
After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height 840,179, miners are now earning less bitcoin...
93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving
20.4.2024
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a high-priority transaction cost of 492 satoshis...
Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts
20.4.2024
Following the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs between $52 and $78 per transaction at 10:30 a.m. Eastern Time on Saturday. The increasing fees have prompted a flood of comments from individuals...
Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF
20.4.2024
Bitcoin ETF provider Grayscale has provided some illustrative details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing
Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks
20.4.2024
Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday...
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
20.4.2024
After Halving Event, Bitcoin Transaction Fees Soar to Over $240
20.4.2024
Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees...
Fees on Bitcoin surpass those on Ethereum in the last 24 hours
19.4.2024
Gas fees paid on Bitcoin surpassed the value of Ethereum in the last 24 hours. Users reportedly paid $7.47 million in transaction fees compared to $7.31 million on Ethereum. However, the average of the last 7 days is more optimistic for Ethereum, as the number is $8.5 million compared to $7.5...
Transaction Fees Soar on Bitcoin Network as Network Braces for Halving
18.4.2024
According to recent data, bitcoin transaction fees have significantly increased since the first week of April. Metrics show that the average fee has escalated to 133 satoshis per virtual byte or $19.48 per transaction. Bitcoin Fees Climb Steadily as Runes Protocol Launch Nears The cost of sending...
The Lightning Network Is Beneficial For Small-Scale Bitcoin Miners Pre-Halving
18.4.2024
As the Bitcoin halving event draws near, small-scale miners face challenges like increased transaction fees and payout difficulties. The Lightning Network provides a solution, offering instant, low-cost payouts and enhanced privacy. Here's how mining pools like NiceHash and Braiins leverage...
Uniswap raises its trading fees from 0.15% to 0.25%
15.4.2024
Uniswap, a decentralized exchange, intends to raise its trading fees from 0.15% to 0.25% to adequately stand up to certain legal matters pertaining to BitClout from the Securities and Exchange Commission (SEC). The raised amount accrued will go towards offering future funding for the continuing...