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Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline


Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average...

NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week


While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during...

Ripple Says Over-The-Counter XRP Sales Soared 1,700% to $33 Million in Q2


Ripple has reported that over-the-counter sales of its XRP digital currency soared 1,760% to $32.55 million during the second quarter of this year. That figure compares with sales of $1.75 million posted the previous quarter, according to an earnings release published August 3. Ripple said...

Chainlink Token Price Surges, Briefly Breaks Into the Top Ten by Market Cap


The price of Link, the native token of the Chainlink network, soared in 48 hours gaining some 40% in that period. This rally saw the token briefly breaking into the crypto market capitalization top ten. At the time of writing, the token LINK had a market capitalization of nearly $2.6 billion easily...

Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole


The average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data from Bitinfocharts. Fees are paid...

Crypto Networks Stress Tested During Bitcoin’s Wild Week


Crypto valuations haven’t been the only casualties of this week’s market crash; crypto networks have also felt the strain. As onchain activity has ramped up in response to the market slump, fees have soared and the mempool filled on the BTC and ETH chains. Other crypto networks have...

Facebook Soared on CEO Testimony, While Bitcoin Nears Death Cross


Facebook’s CEO Mark Zuckerberg testified in the U.S. Congress yesterday, and the Wall Street seems to have liked what he had to say. On the other hand, the cryptocurrency market crashed right before the hearing, and bitcoin (BTC) price is on its way to a death cross. While the regulators’ response...

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