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Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain
14.2.2022
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions...
Ethereum Fees Drop to the Lowest Rate in 4 Months, 71% Lower Than Transfer Fees in January
13.2.2022
The average transaction fee on the Ethereum network has dropped to the lowest level in four months, according to statistics on February 13, 2022. Mid-September 2021 was the last time gas fees on Ethereum were this low, as average fees have dropped to roughly $15.13 per transfer. Ethereum Fees Slide...
Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees
6.2.2022
Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard...
Binance Begins Allowing EUR Deposits and Withdrawals via SEPA Payment Network
28.1.2022
Crypto exchange Binance has partnered with Paysafe to allow EUR deposits and withdrawals via the SEPA payment network. “The full re-opening of SEPA channels will scale up across the markets in due course,” Binance noted. Binance Resuming SEPA Transfers in Phases Cryptocurrency...
UAE Based Money Transfer Firm Announces Partnership With Ripplenet
28.1.2022
Al Fardan Exchange, a money transfer firm, has joined up with Ripplenet in a deal that will see the company use the Ripplenet blockchain when sending funds across national borders. Al Fardan’s Reasons for Joining Ripple A United Arab Emirates (UAE)-based money transfer platform, Al Fardan...
Study Shows Dogecoin, XRP Saw Largest Network Fee Increases Last Year
26.1.2022
There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum’s transaction...
While BTC’s Price Slid Lower, a Miner Spent an 11-Year-Old Block Reward from 2010 Worth $1.8M
22.1.2022
Following the large string of block rewards from 2010 spent in November 2021, no block rewards from that year were discovered in December and throughout the next month up until January 21. On Friday, an 11-year-old block reward originally mined on November 22, 2010, was transferred for the first...
Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Above $30 per Transfer
19.1.2022
According to statistics, Ethereum network transaction fees have dropped 35% from the transfer fees recorded seven days ago. At the time of writing, the average fee to transact with ethereum is 0.0099 ether or $30.85 to $33.04 per transfer. The cheapest Layer two (L2) method to transfer ether...
Close to $50 Million in Bitcoin From 2011 Moved for the First Time in 10.5 Years
30.12.2021
On December 29, two addresses from 2011 containing 500 bitcoin each transferred 1,000 coins for the first time in 10.5 years. Furthermore, another wallet from 2011 woke up on Wednesday, moving 40 bitcoin for the first time in over a decade. 1,040 Bitcoin from 2011 Move for the First Time in 10.5...
Creator of App for Remittances to Africa and Asia Raises $65 Million in Series B Round
26.12.2021
Tap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to Overlooked Countries The fintech startup behind...
Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month
26.12.2021
Since November 9, 2021, or 46 days ago, transaction fees on the Ethereum network have been cut by more than half the rate they were on that day. At the time, the average fee to move ethereum was $62.84 per transfer and since then, the fees have dropped 62.85% to $23.34 per transaction. From...
Bank of Russia Sees No Place for Crypto in Financial Market, Finalizes Digital Ruble Prototype
22.12.2021
In advance of presenting its comprehensive view on crypto regulations, the Central Bank of Russia has indicated that it sees no place for cryptocurrencies in the country’s financial market. The monetary authority also announced that the prototype of the platform for its own digital currency...
Ethereum Co-Founder Vitalik Buterin Publishes ‘Plausible Roadmap’ Addressing Scalability
11.12.2021
In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming...
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
9.12.2021
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms....
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
7.12.2021
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought...
Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit
5.12.2021
The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay
Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum
29.11.2021
One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper...
Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible Solution
28.11.2021
The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin...
MetaWars Launchpad Revolutionizing the GameFi Industry as the ‘First’ Cross-Game Metaverse Launchpad
25.11.2021
PRESS RELEASE. MetaWars is the first project to unite the world of metaverses – with the first of its kind MetaWars Launchpad portal. For the first time, players will be able to build portals that transfer characters, currencies, and assets between game worlds. This builds on Meta...
13,000 BTC Moved in 20 Months — 2010 Mystery Miner Transfers Another String of 20 Decade-Old Block Rewards
12.11.2021
Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. Two days later on November 12, the miner from 2010 returned once again, in order to transfer another string of 20 block...