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Bitstamp Drops Inactivity Fee Following Massive Backlash From Community


Luxembourg-based crypto exchange Bitstamp has abandoned plans to charge a monthly fee on inactive users with low balances after massive backlash from the community. The exchange announced today that they are scrapping the idea, saying:  "After listening to our community’s response, we’ve changed...

Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low


On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas fees have been steadily dropping since May 11, 2022....

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1


The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues...

Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament


A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not...

Minting of ․VR, ․Metaverse, ․Chain NFT Domains Now Live on Quik․com


It is official! Minting of NFT domains is now live on the Quik marketplace! After months of planning and research, Quik.com has finally announced that the minting of NFT domains is now available! Now, users can mint .VR, .Metaverse, .Chain, .Doge, .Shib and .Bored NFT domains of their choice with...

Ethereum Network Reaches Lowest 6-Month Figure in Gas Fee


A gas fee for the Ethereum network is a fee that compensates for the consumption of energy that is spent in processing and validating a transaction. The users pay the Ethereum gas fee for every transaction they perform. Value depends on the network congestion and demand for particular services...

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