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Despite 30% Drop, Ethereum Transaction Fees Remain Sky-High


Despite a drop of nearly 30% in the past three days, transaction fees on the Ethereum (ETH) network remain at the highest level they have been since July 2018. According to fresh data from Bitinfocharts, the average fee paid to make transactions on Ethereum now stands at USD 3.24, based on a 7-day...

CoinDesk Monthly Review, July 2020


In the opening weeks of July, it looked like gold would surpass bitcoin for monthly returns, as it reached an all-time high, a frustrating state of affairs for those who believe the current macro situation should be a “perfect storm” for bitcoin’s “gold 2.0” narrative. That was before bitcoin shot...

Ethereum Transaction Fees Rise Further, Gap with Bitcoin Narrows


As transaction fees on the Ethereum (ETH) blockchain continue to rise, some are warning that the network's competitors may benefit if the issue is not dealt with. Meanwhile, the gap between the number 1 and number 2 coins by market capitalization got a lot narrower – as the former's fees dropped...

BTC Transaction Fees Drop to Pre-Halving Level


After a peak in transaction fees on the Bitcoin (BTC) network was seen less than a month ago, the fee paid to miners for processing transactions is now back at levels seen in April, a time well before the third halving in May. On Sunday, June 14, the median BTC transaction fee was USD 0.205, or...

Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction


History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees....

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