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Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust
12.3.2024
Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Mini Trust product, according to a filing on Tuesday
VanEck Temporarily Cuts Bitcoin ETF Fee to Zero After Lagging in Assets
11.3.2024
HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors
Curve Finance Plans to Increase AMM Fee, But For Good Reasons
11.3.2024
There is a new proposal to raise the Automated Market Maker (AMM) fee in LLAMMa (crvUSD), a liquidity pool, on Curve Finance, a leading decentralized exchange (DEX) popular for stablecoin swaps.
The post Curve Finance Plans to Increase AMM Fee, But For Good Reasons appeared first on Cryptonews
Uniswap Community Rejects Governance Proposal to Distribute Revenue to UNI Token Holders
11.3.2024
The Uniswap community has rejected a governance proposal that aimed to introduce changes to the platform's fee mechanism, including allowing the distribution of revenue to token holders.
The post Uniswap Community Rejects Governance Proposal to Distribute Revenue to UNI Token Holders appeared...
MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns
11.3.2024
BA Labs submits an emergency rate adjustment proposal in the MakerDAO forum to raise fees, aiming to stabilize DAI against market turbulence and shrinking reserves.
The post MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns appeared first on Cryptonews
Injective Protocol’s inEVM Nears Completion, Bridging Ethereum and Low-Fee Derivatives Trading
7.3.2024
Injective Protocol plans to connect with Ethereum. The code enabling this, developers say, is 98% complete as of early March 2024
The post Injective Protocol’s inEVM Nears Completion, Bridging Ethereum and Low-Fee Derivatives Trading appeared first on Cryptonews
Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards
3.3.2024
In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over...
Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline
2.3.2024
In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw...
MIA, BINU, TYGBS, XJOBS Blast Coins Surge 20,000% Instantly as Experts Eye This Next Big Crypto Winner
1.3.2024
Meme coin markets on new layer-2 blockchain Blast have exploded over the past 24-hours, as high-risk traders rush to make major gains on the low gas fee network. This article will provide an analysis of current trending tokens and look to see whether another new crypto, Green Bitcoin, represents...
Uniswap Foundation announces Fee Switch initiative; UNI responds
27.2.2024
UNI recently experienced a strong surge in its trading value. The feat came after the Uniswap Foundation pitched the idea of Fee Switch. The model enables reward distribution among those who stake in their native holdings. The reward comes as a portion of the protocol’s fees. The objective is to...
VanEck Slashes Bitcoin ETF Fees Down to 0.20% in Competitive Market
16.2.2024
VanEck has slashed its fees for the HODL exchange-traded fund (ETF), the VanEck Bitcoin Trust down to 0.20% from 0.25% according to a recent filing submitted to the Securities and Exchange Commission. Nearly a dozen Bitcoin ETFs are competing for investor attention in a saturated market. BlackRock...
Onchain Bitcoin Fees in 2024: A Closer Look at Transaction Costs and Delays
6.2.2024
Data gathered over the last 36 days reveals that the Bitcoin network’s average transfer fee has consistently exceeded the $3.68 mark, while costs for median-sized transactions have not dipped below the $1.67 threshold. As of Feb. 6, 2024, insights from Bitcoin’s transaction queue...
South Korean Crypto Exchange Bithumb Reinstates Commission Fees After Four Months
6.2.2024
The South Korean crypto exchange Bithumb ended its four-month campaign of commission-free crypto trading on February 5. Per Insight Korea, Bithumb began charging a 0.04% fee “for all crypto transactions starting from February 5.” Bithumb vs Upbit: South Korean Crypto Exchange Rivals Go to War?...
Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market
30.1.2024
Responding to the fierce competition in the spot bitcoin ETF market, Invesco and Galaxy Asset Management have lowered the long term fee of their joint BTCO fund, positioning it more competitively against sector heavyweights. Invesco and Galaxy ETF Fee Slashed in Response to Intense Market...
Coinbase to Impose Fees on USDC to USD Conversions Exceeding $75 Million
30.1.2024
On January 30 Crypto exchange Coinbase announced a new fee structure affecting large-scale conversions from USDC to USD. The changes, set to impact institutional clients handling significant transaction volumes, mark a shift in the exchange’s fee policy. In an announcement published on...
Invesco Cuts Bitcoin ETF Fee In a Bid to Lure Investors
29.1.2024
The index provider previously had one of the highest fees of 0.39% for its bitcoin ETF
Report: Bitcoin and L2 Networks Lead Fee Generation Surge in Blockchain Landscape
29.1.2024
The PWN DAO Foundation, linked to the peer-to-peer lending protocol PWN, has released a comprehensive report analyzing user-incurred onchain fees within major blockchain networks and decentralized applications (dapps) for the past year. The 2023 analysis examines Ethereum, BNB Chain, Bitcoin,...
Analysts Foresee a Bitcoin ETF Offering by Charles Schwab – Trillions to Enter the Market?
29.1.2024
Charles Schwab, a financial giant with $8.5 trillion in assets, has analysts speculating about the possibility of the company entering the spot Bitcoin (BTC) exchange-traded fund (ETF) market. While Charles Schwab currently offers third-party spot Bitcoin ETFs, analysts believe the company might...
Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears
20.1.2024
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with a single exception occurring when it briefly fell...
BuyUcoin Announces Zero Fee Transfer From Offshore Exchanges Amid Ongoing Crackdown in India
15.1.2024
Indian crypto exchange BuyUcoin has announced that it will now reimburse the entire withdrawal fees for local users transferring their assets from offshore exchanges amid ongoing crackdown. The FIU-IND, a unit of the Finance Ministry, recently issued show cause notices to numerous offshore crypto...