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$500,000 Bitcoin Fee Blunder: Paxos Revealed as Responsible Party


The US-based crypto service provider Paxos has been revealed as the party responsible for massively overpaying fees on a recent Bitcoin transaction. The transaction, made on September 10 at 5.10 PM UTC, was for a payment of only $200 worth of BTC, but amazingly came with a transaction fee...

Unity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcement


Yesterday, the cross-platform game engine company Unity announced a controversial new Runtime Fee, which would charge developers per installation for games built with the Unity engine after those games reached a certain threshold. Everyone disliked that, and Unity’s stock prices took a pretty...

Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022


Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27. The recent decline in total gas fees can be attributed to low network activity and the rise of layer 2 scaling solutions. According to data from on-chain analytics...

Bitcoin’s Transaction Backlog Surges Past 400,000


A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at $2.59 per transaction just two days later on August...

What is Bitcoin’s fee-to-reward ratio?


The Bitcoin network’s fee-to-reward ratio refers to the proportion of the miner’s income coming from transaction fees compared to the total block reward

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