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Crypto Futures Exchange Bakkt Going Public at a Valuation of $2.1 Billion
12.1.2021
Bitcoin futures exchange Bakkt is going public via a merger with VPC Impact Acquisition Holdings, a special purpose acquisition company (SPAC) created for taking startup firms public. Both companies have now confirmed the transaction, and will be listed on the New York Stock Exchange (NYSE) under...
KuCoin’s Accumulated Transaction Volume Breaks $100 Billion
12.1.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
On January 4, 2020, KuCoin announced that its accumulated transaction volume exceeded $100 billion. According to the KCS bonus daily report released by KuCoin, its 24-hour trading volume of spot trading...
ETH Fees Surge to All Time High After the Crypto Passed the $1,000 Mark
10.1.2021
After the ether token surged past the $1,000 mark on January 3, the average transaction fee on the network similarly soared to a new all-time high (ATH) of $17.41, some 24 hours later. Although the average fee has since retreated, data on January 8 shows that the latest average fee at $9.79. This...
Bitcoin Trader Robbed During an In-Person Transaction, Kicked Out of Car in Hong Kong
7.1.2021
An unnamed 37-year-old man was a victim of a theft from a gang of robbers who fled with 15 bitcoin (BTC), worth HKD 3 million ($387,000) in cash. They agreed to meet in person for a crypto exchange transaction. Six Non-Chinese Suspects Allegedly Involved in the Theft Per the South China Morning...
India Mulls Imposing 18% Tax on Bitcoin Transactions
29.12.2020
The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies
An Unknown User Incurs More Than $80,000 in Transaction Fees When Sending BTC Worth $1
23.12.2020
An unknown person incurred a transaction fee of more than $80,000 or (3.49079570 bitcoins) when transferring bitcoin worth $1.16. According to Blockchain.com, the December 19 transaction, which is included in block 662052, had an input of 3.49084570 bitcoin and an output of 0.00005000 bitcoin....
Defi Protocol Founder Tricked, Hacked for $8 Million in Personal Funds
16.12.2020
Nexus Mutual founder and chief executive officer Hugh Karp’s personal wallet address has been hacked for more than $8 million. The attacker, a member of the Nexus defi protocol, tricked Karp into signing a transaction that transferred funds to the hacker’s own address. The attacker...
This One Graph Shows Ether Going From CeFi to DeFi: Glassnode
11.12.2020
Data indicates DeFi could take a huge bite out of CeFi when it comes to the ether cryptocurrency
Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”
4.12.2020
Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government...
Bitcoin fees remain low despite price surge but Vitalik says they could soar
26.11.2020
Bitcoin transaction fees are less than 10% of their 2017 highs, but Vitalik Buterin believes it’s only a matter of time before they soar back up
IBM Scores Patent on Proposed Blockchain Consensus for Transactions in Multiplayer Games
16.11.2020
The patent was awarded to IBM last week and proposes using a blockchain consensus model to carry out and verify purchases made within multiplayer games
Ethereum User Spends $9,500 in Fees Sending Just $120 in an Error to Forget
8.11.2020
An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money. According to a Nov. 4 post...
‘I destroyed my life’: Uniswap trader spends $9,500 in fees on $120 transaction
6.11.2020
An impatient Uniswap trader accidentally paid more than 23 Ether to execute a $120 trade on the decentralized exchange
Lightning Operators Are Bracing for a Bitcoin Bull Run
5.11.2020
Lightning routing node operators are preparing for the horde of new users that will come in bitcoin's next bull run
Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction
5.11.2020
A Reddit user said they accidentally paid a fee 80 times the transaction value while executing a swap on Uniswap
HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction
3.11.2020
HSBC said the transaction over the Contour trade finance blockchain platform slashed the time normally taken to process letters of credit
Bitcoin Miners Saw 8% Revenue Increase in October
2.11.2020
12% of revenue came from fees, the highest percentage since Jan. 2018
Transaction fees, explained
1.11.2020
Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look
Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution
1.11.2020
While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have...
Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal
30.10.2020
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using...