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Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long
11.5.2023
The transaction fees debacle might be a short lived revenue bump for the miners but provides a glimpse of the future for the miners
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%
11.5.2023
On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5....
Ordinals good or bad for Bitcoin? Supporters and opposers raise voices
11.5.2023
Bitcoin miners, exchanges and layer-2 builders have different reasons to support or oppose Bitcoin Ordinals
Fueled by artistic passion, NFTs have found a permanent home in the art world
11.5.2023
NFTs have democratized access to the art world in unprecedented ways, unlocking new opportunities for artists who might otherwise not have been able to make a living from their passions
‘Memepool’ full: Here’s how exchanges adjust Bitcoin withdrawal fees
11.5.2023
Amid a spike in Bitcoin transaction costs, cryptocurrency exchanges are taking measures to serve their clients properly
Bitcoin fees plummet 95% as BTC price recovers from US gov't scare
11.5.2023
Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured
Ethereum derivatives flirting with bearishness: Mind the $1,820 support
10.5.2023
The failed rally above $2,000 on May 6 has proven that ETH bulls are nowhere near comfortable adding leveraged longs
Uniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees
10.5.2023
The plan to implement fees on all of Uniswap’s version two liquidity pools, and some of its version three pools, would funnel money to the protocol’s treasury and token holders
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
Ethereum Price Prediction as Meme Coin Mania Pushes Gas Fees to 12 Month High – Is ETH Adoption on the Rise?
10.5.2023
Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, was last up a little over 1.0% on Wednesday in the $1,870 area.
The cryptocurrency derived a small intra-day boost from US Consumer Price Index inflation data that came in broadly in line with expectations...
Bitcoin ‘under siege’ by BRC-20 coins with soaring fees, claims analyst
10.5.2023
Bitcoin transactions and fees are at high levels, and 400,000 of them are still unconfirmed on the blockchain
Bitcoin Network in Flux as BRC-20 Craze Sends Transaction Fees Towards Multi-Year Highs – What Next for BTC Price?
9.5.2023
The Bitcoin network is in flux amid a surge in the popularity of BRC-20 tokens, a new Bitcoin blockchain-based fungible token standard inspired by the Ethereum blockchain’s ecosystem of ERC-20 tokens.
The BRC-20 standard, which was developed and deployed by a pseudonymous Twitter user by the name...
Litecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy
9.5.2023
Transaction fees on the Bitcoin blockchain have hit a two-year high due to the growing popularity of so-called BRC-20 tokens
Bitcoin-Based Meme Coin Growth Disrupts Binance, Drives Up Fees
9.5.2023
A rapid growth in meme coins issued on the Bitcoin blockchain has caused a surge in transaction fees and disrupted withdrawals from Binance.
The growth in Bitcoin transaction fees has in recent days gone parabolic, with the average fee level hitting as high as $19 on Sunday and then $30.9...
There's No Such Thing as High Fees on Bitcoin
9.5.2023
Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows
9.5.2023
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their...
Africa Moves to Lightning, Stablecoins as Bitcoin Transaction Fees Soar
9.5.2023
Those already using stablecoins and lightning transactions are not affected, but for many in Africa, higher bitcoin fees are a problem
Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues
9.5.2023
Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a large backlog...
Crypto Trader Pays $120K in Fees to Buy $156K of Meme Coin Four
9.5.2023
The move worked out in the end as the entity is sitting on a fat profit of several hundred thousand
Worth it? Trader spends $120K on gas buying $155K worth of a memecoin
9.5.2023
A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade