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Blockchain Shardeum Raises $18.2M to Tackle Slow Traffic, High Fees
18.10.2022
The EVM-based sharded layer 1 blockchain can expand transactions per second infinitely depending on traffic demand
Bankrupt Crypto Lender Celsius Pays More Than $3 Million in Legal Fees
17.10.2022
The bankrupt crypto lender Celsius (CEL) has so far paid out more than $3m in legal fees, with one law firm alone responsible for the vast majority of the expense for just two weeks of work.
The total figure of over $3m was made up of close to $2.6m charged by law firm Kirkland and Ellis for work...
Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country
13.10.2022
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament...
Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
11.10.2022
26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75...
Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing
11.10.2022
The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (L2) scaling solution announced in July that aims to reduce fees and inherit the security of the Ethereum blockchain. Polygon considers the testnet “the first open-source zkEVM network,”...
L2 Wars: The Competition for Top Layer-Two Scaling Solutions on Ethereum
8.10.2022
Vitaly Yakovlev is CTO at DeFi platform ZKX.__________
This article will explain how ZK-Rollups technology has the potential to revolutionize decentralized finance (DeFi), address common problems in the landscape, and make a case for future derivatives trading. ...
Read More: L2 Wars:...
Binance burns $1.8M in LUNC trading fees following community proposal
3.10.2022
According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
2.10.2022
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators...
Uzbekistan Introduces Monthly Fees for Crypto Companies Effective Immediately
30.9.2022
The new regulations also require crypto custody platforms, mining pools and individual miners to pay monthly fees to the government
Web3 and How It Helps the Environment – Dave Uhryniak of TRON DAO Explains
28.9.2022
TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly network, low fees, and easy to use developer tools have allowed it to attain a massive amount of user growth and innovative projects. Dave Uhryniak is the Director of Ecosystem Development...
Binance to burn all LUNC trading fees following community feedback
26.9.2022
The Binance crypto exchange will burn all trading fees collected on its LUNC/BUSD and LUNC/USDT spot and margin pairs
'Grotesquely overpriced' — Apple's App Store wants 30% cut on NFT sales
26.9.2022
While the commission is standard for Apple, some have expressed their displeasure at the company's “grotesquely overpriced” cut of sales
Boba Network Partners With Avalanche, Boba AVAX L2 to Provide ‘Faster Transactions and Lower Fees’
22.9.2022
On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce “faster transactions and lower...
Push to Cut Ethereum Network Fees Opens Funds-Draining Bug in Scaling Tool Arbitrum
21.9.2022
The vulnerability would have allowed attackers to steal all ether deposits into Arbitrum after its latest upgrade, known as Nitro
Coinbase Tweaks Fees to ‘Account for Changes in Global Trading Volumes‘
20.9.2022
U.S. crypto exchange Coinbase is updating its fee structure to adapt to what the company describes as “changes in global crypto trading volumes and asset prices”. The platform is lowering the monthly trading volume prerequisite to qualify for the mid and upper ties of its fee schedule, increasing...
Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper
17.9.2022
Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain network’s transaction fees have been much lower than they were ten days before The Merge. Roughly four months ago on May 13, 2022, high-priority ether transactions could...
Wall Street Backs New ‘Low Fees’ Crypto Exchange - Is This the Future and Should You Be Worried?
16.9.2022
A consortium of leading Wall Street broker-dealers, global market makers, and venture capital firms have announced the launch of a first-of-its-kind crypto exchange called EDX Markets (EDXM) that will be operated like a traditional stock exchange. ...
Read More: Wall Street Backs New ‘Low Fees’...
Magic Eden defends launch of NFT royalty enforcement tool
15.9.2022
MetaShield works by enabling creators to flag an NFT or blur the image if the listed or traded NFT bypasses creator royalties
Downsides of Proof-of-Work and Proof-of-Stake, explained
14.9.2022
Not all consensus mechanisms are born equal — and the differences between major blockchains can have a huge effect on gas fees and transaction speeds
Win $150,000 USDT With CoinFloww Beta Launch
13.9.2022
PRESS RELEASE. Digital asset trading has long suffered due to high crypto exchange transaction fees, regulatory hurdles by regulators, and stringent crypto exchange rules. Then came CoinFloww, the most advanced digital asset exchange. Based on the world-class digital asset exchange technology...