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Bitcoin and Ethereum Networks See Heightened Fees as Crypto Usage Soars
20.11.2023
Source: AdobeStock/Andrey Popov Bitcoin (BTC) and Ethereum (ETH) networks have experienced a dramatic surge in transaction fees amid soaring crypto usage. According to data by BitInfoCharts, the average BTC transaction fee currently stands at around $10, up by more than 500% compared to less than...
Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes
17.11.2023
On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $18.69 per transfer, marking a high of 0.00051 BTC. This surge represented the second-largest increase in 2023. However, the following day saw a reduction in onchain fees. Despite this, as of 8:13 a.m. Eastern Time...
Today in Crypto: Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments
17.11.2023
Source: AdobeStock / William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Mining news We may be witnessing the start of a Sino-US bitcoin silicon war, according to the latest Miner...
Polygon gas fees spike 1000% amid Ordinals-inspired token craze
17.11.2023
Gas fees on the Polygon network reached as high as $0.10 during a mad rush to mint an Ordinals-inspired token called POLS
Ethereum Transaction Fees Climb 219% in 3 Weeks as Onchain Crypto Transfers Become Pricier
12.11.2023
Over the last three weeks, the transaction costs for bitcoin (BTC) have climbed sharply, reaching a peak of $15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has jumped significantly. In the span from October 22 to November 12, 2023, the average fee for ethereum...
Ethereum, Bitcoin users reignite scalability debate as gas fees surge
10.11.2023
Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours
Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive
9.11.2023
Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed high-priority, which formerly cost an average of $3.38, now demands a fee of $8.46. This significant increase was recorded on Thursday, November 9, 2023...
Bitcoin Fees Soar Nearly 1000% Since August as Ordinals Are Back in Vogue
8.11.2023
Higher fees are also boosting bottom lines for the industry's beleaguered miners, 21Shares noted
Inordinately high — Bitcoin ordinals send BTC transaction fees to new 5-month peak
7.11.2023
Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in ordinals
Will the next crypto bull run be dominated by L1s, L2s or something else?
6.11.2023
This latest report from Cointelegraph Research dives into the tsunami of solutions coming onto the market that improve security, privacy and speed from existing protocols
Today in Crypto: Team of Hackers Says It Can Get to 7,002 BTC Locked in Encrypted Hard Drive, Bitget Wallet Launches a 'Keyless' MPC Wallet
24.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Team of Hackers Says It Can Get to 7,002 BTC Locked in Encrypted Hard Drive, Bitget Wallet Launches...
Circle to Let Merchants Pay for Customers' Gas Fees With Web3 Wallet Upgrade
19.10.2023
Southeast Asian super app Grab is currently piloting the "Gas Station" to cover gas fees for its Singaporean users if they use NFT vouchers
Bored Apes Creator Yuga Labs and Magic Eden Collaborate to Fix NFT Royalties Problem – What's Going On?
18.10.2023
The consortium of major Web3 companies OMA3 (the Open Metaverse Alliance for Web3), has formed a working group to find the best way to standardize creator royalties on non-fungible token (NFT) marketplaces - and to ensure they stay there.
According to a tweet, ...
Read More: Bored Apes Creator...
UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income
17.10.2023
The Ministry of Justice’s proposed ‘Help with Fees’ scheme will not classify cryptocurrencies as disposable income following a public consultation
Agnostic Nature of Blockchain Technology ‘Makes It the Ideal Foundation for Global Travel Industry’ — Pablo Castillo
16.10.2023
Although the travel industry is said to be in great need of digital innovation, according to Pablo Castillo, the CTO of the blockchain-based travel firm Chain4travel, “aviation is the most obvious sector to innovate with blockchain.” To support this assertion, Castillo, a former group...
Ethereum's New Low-Fee Regime May Put Its 'Ultra Sound Money' Thesis to Test
13.10.2023
The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said
Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone
2.10.2023
Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.
Friend.tech is a Social-Fi decentralised application (dapp) deployed on Coinbase’s Base.
According to Dune Analytics, the total protocol fees hit ETH 10,727.622 (or $17,606,837), where...
Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus
2.10.2023
Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners...
Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low
22.9.2023
ETH has given up its deflationary status as network fees are falling, putting pressure on the price of the second largest cryptocurrency
Binance wallet spends almost $1M in ETH gas fees in one day
21.9.2023
Binance reportedly said that they were doing a wallet aggregation process to ensure the safety of user funds