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Bitcoin User Alleges Hack Linked to Erroneous 83.65 BTC Fee Incident
27.11.2023
The crypto community was initially baffled by the massive fee of 83.65 BTC, originally attributed to a costly mistake. However, recent revelations paint a darker picture. According to a social media account on X called “@83_5BTC,” hackers stole the funds from the unnamed individual...
Bitcoin User Claims Hack Triggered Record $3M Bitcoin Fee, 139 BTC Lost
27.11.2023
Bitcoin hack drained user’s wallet and forced record $3 million transaction fee payment. Image by Myst, Adobe Stock. A Bitcoin user has come forward claiming they were the victim of a hack that led to the record-breaking $3 million Bitcoin transaction fee paid last week. The anonymous user...
Bitcoin Transaction Fees Dip Amid November’s Surging Miner Revenues
25.11.2023
Transaction fees for Bitcoin have eased, following their surge to more than $18 per transaction on two separate occasions last week. As of November 24, 2023, the average fee per transaction stood at roughly $5.89, with the median fee per transfer being $2.86. Bitcoin Fees Cool Down —...
Bitcoiner Pays $3.1 Million Transaction Fee; Analysts Debate Possible Factors
23.11.2023
Source: Pixabay / Michael Wuensch A Bitcoin (BTC) user has reportedly paid $3.1 million in transaction fees to transfer 139.42 BTC sparking vast community reactions and opinions by on-chain analysts. On-chain data on Nov 23 shows a Bitcoiner paid a shocking transfer fee of 83 BTC approximately $3.1...
Bitcoin User Unwittingly Pays $3.1 Million in Single Transaction Fee
23.11.2023
Onchain data reveals a staggering incident where a bitcoin user inadvertently paid a fee of 83.65 BTC, amounting to a costly mistake of $3.1 million, in a single transaction. This blunder occurred in block 818,087, mined by Antpool, marking the highest fee ever recorded on the Bitcoin blockchain....
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
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...
Circle Introduces Zero-Fee USDC Minting with Circle Mint in Singapore
15.11.2023
Source: Circle Internet The issuer of the USDC stablecoin, Circle, has announced the launch of its zero-fee minting facility, Circle Mint, exclusively in Singapore. This strategic initiative comes on the heels of Circle securing the Major Payments Institution (MPI) license from the Monetary...
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...
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...
Ethereum, Bitcoin users reignite scalability debate as gas fees surge
10.11.2023
Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours
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...
Dydx Chain Unveils Network Fee Distribution and USDC Trading Fee Allocation
27.10.2023
The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network’s validators created the first block, signifying the start of a new era for the Dydx chain. The introduction of dydx...
Elon Musk trials $1 subscription signup fee for new X users in New Zealand, Philippines
18.10.2023
The Mercurial CEO is on the cusp of turning X into a fully subscription-based app
Uniswap Labs to charge a 0.15% fee on select frontends and assets
17.10.2023
Uniswap Labs recently announced levying a 0.15% fee on a few frontends and assets. Traders using frontends by Uniswap on its DEX will be subject to the 0.15% fee. Hayden Adams, the founder of Uniswap, made the announcement on its official X/Twitter channel. The founder portrayed the fee as a way...
Uniswap Labs to Charge 0.15% Fee on Crypto Swaps Involving ETH, USDC, Other Tokens
16.10.2023
The entity behind popular DeFi exchange Uniswap will levy a small fee – the first in its history
Ethereum's New Low-Fee Regime May Put Its 'Ultra Sound Money' Thesis to Test
13.10.2023
The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said
One Of Gaming's Most Hated CEOs Says Goodbye, Again
10.10.2023
CEO John Riccitiello has retired from game development software company Unity after possibly its worst month of bad headlines ever. The tech company that’s slowly morphed into an in-game advertising firm announced a confusing and seemingly predatory new set of fees for game makers in September...
Taiwanese Crypto Trader's 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
5.10.2023
Sometimes, being tax-compliant pays off