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Miner returns over $500k in BTC transaction fee overpayment to Paxos
15.9.2023
Bitcoin explorer Mempool shared blockchain data that confirmed the funds were sent back on Sept. 15
Bitcoin miner mulls refunding 20 BTC reward to Paxos
14.9.2023
Chun’s reservations about whether to return the funds to Paxos stems from him being “annoyed” that “the person claiming it (the funds) kept saying EST instead of EDT/UTC.”
Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022
28.8.2023
Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27.
The recent decline in total gas fees can be attributed to low network activity and the rise of layer 2 scaling solutions.
According to data from on-chain analytics...
Bitcoin’s Transaction Backlog Surges Past 400,000
20.8.2023
A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at $2.59 per transaction just two days later on August...
Turbulence in Shibarium’s Debut: $1.7M ETH Stuck and a Crypto Whale Shifts the Tide
17.8.2023
On August 16, 2023, the Shiba Inu meme coin enthusiasts celebrated the unveiling of the second-layer (L2) blockchain, Shibarium. This platform is designed to bolster decentralized app growth while tackling Ethereum’s scalability and transaction fee challenges. Yet, even amidst...
Santiment Indicates An ETH Rally As Transaction Fee Drops
12.7.2023
According to Santiment, Ethereum gas fees have experienced a notable decrease that could put ETH in a breakout range of $1,900.
This decline in transaction costs is a much-needed respite, especially considering the sudden fee surge observed earlier this month.
In the early days of July, users...
Bitcoin Price Prediction as Blockchain Transaction Fee Revenue Soars Amid Ordinals Popularity – Can BTC Reach a New High in 2023?
30.5.2023
As the popularity of Bitcoin continues to rise, accompanied by a significant increase in blockchain transaction fee revenue, many are speculating about the potential for BTC to reach new highs in 2023.
The surge in transaction fees reflects the growing demand for Bitcoin and the increasing...
Ordinals and BRC-20 will disappear in a matter of months, JAN3 CEO says
13.5.2023
The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow
Arbitrum's DAO to receive over 3,350 ETH revenue from transaction fees
10.5.2023
Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum's team and its community
PEPE Meme Coin Craze Spreads Wealth to Ethereum Validators Running Blockchain
8.5.2023
As risk-taking crypto traders sought to make tremendous profits off of surging prices for the suddenly-hot PEPE, a resulting surge in transaction fees brought a windfall to validators running the Ethereum blockchain
Memecoin hype drives Bitcoin transaction fees to multi-year highs
5.5.2023
Despite the latest spike in Bitcoin transaction fees, the current BTC transaction cost is still far from the all-time high levels
Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High
4.5.2023
The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project
Ethereum gas fee jumped due to memecoin frenzy with mixed comments on network usability
20.4.2023
Ethereum proponents celebrated the growth in daily revenue, while many others pointed toward network congestion and difficulty in usage
Bitcoin Continues to Record Blocks Above the 3.75 MB Range as Ordinal Inscriptions Near 150,000
19.2.2023
As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the average fee has remained the same over the last...
Bitcoin’s Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days
8.2.2023
Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction. The rise in onchain fees coincides with the new Ordinals digital collectible trend on the network, with the number...
Dingo crypto token flagged as scam over 99% transaction fee backdoor
6.2.2023
Cybersecurity firm Check Point said it discovered a smart contract function called "setTaxFeePercent" which can reportedly change the contract's buy and sell fees
The state of Solana: Will the layer-1 protocol rise again in 2023?
27.1.2023
Despite the latest FTX-related crisis, Solana still has what it takes to win the layer-1 race, according to the head of strategy at the Solana Foundation, Austin Federa
Why the battle for low or no transaction fees really matters
27.10.2022
High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free
Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel
29.8.2022
With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036 ether or $0.544 per transfer, and etherscan.io’s...
Coinbase Boss Says Transaction Fee-based Revenue Model Won’t Work Long-term
24.8.2022
The crypto exchange giant Coinbase wants to ditch its reliance on transaction fees as its main source of income – and is concerned that the fees that traders pay when they exchange tokens cannot provide a sustainable form of income.
Speaking in an interview with CNBC, the firm’s CEO Brian...