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Coinbase Blames Performance Issues on Ethereum Fee Spike


After the massive ethereum (ETH) rally and subsequent dump on Sunday that forced Coinbase to once again suffer from “degraded performance,” the exchange now said that it was “a spike in transaction fees” on the Ethereum network that caused delays for users attempting to move funds. Today, the major...

Median Ethereum Fee Up Almost 1,300% Since April, Bitcoin Fees Jump Too


The fees on both Ethereum (ETH) and Bitcoin (BTC) networks are rising yet again, prompting both the user dissatisfaction and discussions of possible solutions. There seems to be no end to what many perceive as major issues with high fees on the two biggest networks. The median average Bitcoin...

Competition to Cut Fee Premium on 'Safer' Crypto Exchanges Too


Despite some crypto exchanges still increasing their trading fees, the future may bring about a highly anticipated reduction in fees as competition heats up in the industry, crypto research firm Arcane Research said in a new report. Even though bitcoin itself can be considered “a homogenous...

Russian TON Investors Decry UK Firm’s ‘c. USD 1.5m Commission Fee’


Russian investors in the failed Telegram Open Network (TON) token launch said they have reported a British brokerage they said is withholding almost USD 1.5 million of their funds to the Moscow-based federal investigating authority. Per a Telegram post from Baza, the group has taken its case to...

Binance Teams up with Payments Firm to Allow ‘Low-fee’ Crypto Buying


*********NOTE FROM AUTHROR: EMBARGOED UNTIL June 25, 9 am ET/3 pm CET.******** Estonia-based payment solutions provider Mercuryo says it has struck a partnership deal with Binance that will allow exchange customers to buy crypto with fiat. The latter claims that the move will allow customers to...

Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall


Ethermine will now proceed to distribute its $2.6 million bonanza from a series of bizarre ethereum transactions last week after the fund’s owner failed to make a valid claim. On June 11, the miner, a unit of Bitfly, received the record fee in a transaction involving just 350 ether (ETH),...

Ethereum Transaction Fee Mystery Just Got More Mysterious


Yet another abnormal ether transaction occurred on the Ethereum (ETH) blockchain for the third time. Now, someone transferred ETH 3,221 (USD 762,990) with a somewhat lower transaction fee of ETH 2,310 (USD 544,028). The transaction occurred on the block 10247265, on June 11, 12:14 PM UTC time....

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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