Binance Coin Spikes 100% After Threatening Ethereum’s Dominance

This week, transaction fees on the Ethereum blockchain grew to a level that made the decentralized applications (dapp) operating atop it practically unusable. In some cases, transferring as little as $5 across the second-largest public chain started costing as high as $300. дальше »

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Transaction fees on Dogecoin (DOGE) surge to unprecedented levels

Dogecoin (DOGE) has continued its impressive gains, quickly attaining the 13th position when it comes to top cryptocurrencies by market capitalization. The cryptocurrency started its rise after the GameStop hype and Elon Musk’s tweets about the token. дальше »

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BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers

At the time of publication, there’s more than 69,000 transactions waiting in line to get confirmed by a bitcoin miner. Since bitcoin’s price rise, at certain times, transaction fees have climbed to $10 to $20 per transfer, and people who pay less than the median fee may have to wait a while. However, people might […] дальше »

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Dogecoin Price Analysis - Active addresses, fees, and Google Trends hit new all-time highs

In early February, transactions per day hit a new multi-year high. Over the past few years, DOGE has had more transactions per day than Monero (XMR), Dash (DASH), and Zcash (ZEC). дальше »

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Dogecoin Price Analysis - Active addresses, fees, and google trends hit new all-time highs

In early February, transactions per day hit a new multi-year high. Over the past few years, DOGE has had more transactions per day than Monero (XMR), Dash (DASH), and Zcash (ZEC). дальше »

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DAI Demand Surge is Indirectly Benefitting MKR Holders

A Feb. 16 tweet by MakerDAO backend engineer Nik Kunkel has revealed that annual stability fees accrued by the protocol just breached 71 million Dai tokens (DAI). In essence, DAI is minted when users lock collateral (usually ETH) in Maker vaults. дальше »

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Ethereum Overload Costs Binance Nearly $10 Million in Gas Fees Last Week

This can be mostly attributed to the explosion of Decentralized Finance (DeFi), which enables users to conduct financial transactions without intermediaries. This has led to an astronomical Ethereum transaction fee increase, which recently topped an average of $20. дальше »

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RowanPay Launches Blockchain Payments Network

Major retail companies and small business owners alike regularly have to deal with high interchange fees, slow settlement times, card skimming and chargebacks. By replacing... дальше »

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xSigma Prepares to Launch Its Stablecoin DEX With Major Backers

PRESS RELEASE. xSigma is a decentralized exchange and liquidity mining platform that supports stablecoin swaps. It enables dollar-pegged assets to be traded onchain with minimal slippage and lower fees than existing AMMs. дальше »

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Cardano Price Analysis - On-chain metrics hitting all-time highs

A quick comparison between coins using a staking mechanism shows Cardano first in market cap, total daily transaction volume, total fees, and GitHub commits on all repos over the past year. дальше »

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Automated Crypto Investing App Coinseed Faces Fraud Charges in NY, SEC Lawsuits

Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token. дальше »

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Bitcoin, Ethereum, and Tether can now be used to pay for trade licenses and visa fees in the UAE

Cryptocurrencies in the UAE could be on their way to public adoption, with the government setting the pace. KIKLABB, a government-owned licensing body has become the first public entity in the Arabic country to accept crypto payments. дальше »

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Dubai Government Entity Starts Accepting Bitcoin and ETH

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FastBitcoins Gifting Customers 50 Percent Of On-Chain Transaction Fees For Using Lightning

FastBitcoins, which sells BTC via the Lightning Network, will give users half of the on-chain fees they would have incurred for transactions. The post FastBitcoins Gifting Customers 50 Percent Of On-Chain Transaction Fees For Using Lightning appeared first on Bitcoin Magazine. дальше »

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‘Unmasking MetaMask’ Critique Exposes High Fees, Phishing Threats

A recent blog post delving into the inner workings of MetaMask by freight and trading logistics blockchain network Freight Trust has revealed that the wallet has a darker side. The far-from-flattering report titled “Unmasking MetaMask” claims that the popular crypto wallet places its commercial success above end-user safety and could potentially expose users to unnecessary … Continued The post ‘Unmasking MetaMask’ Critique Exposes High Fees, Phishing Threats appeared first on BeInCrypto. дальше »

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Dubai govt-owned firm, Kiklabb, accepts BTC, ETH, USDt as payment option

Customers of a Dubai-based company can now pay in cryptocurrency for visa fees and trade licenses. Kiklabb is a government-owned entity that helps people in setting up their companies in Dubai. AccordThe post Dubai govt-owned firm, Kiklabb, accepts BTC, ETH, USDt as payment option appeared first on AMBCrypto. дальше »

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EIP 1559: A Reason Why Ethereum Gas Fees Should Fall From $20

Ethereum price is at near-record highs, a gift for holders but a nightmare for network users. Here’s why: The average transaction (Gas) fee stands at $20. What’s even worse is that this fee will likely stagnate at present levels if there is no intervention. дальше »

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Bitcoin Mining Revenue Hits New All-Time-High of $354 Million 

The weekly mining revenue of global bitcoin miners hit a new all-time-high of $354. 4 million last week. Analysts say the new record is partly due to the surge in the price of the digital currency coupled with the skyrocketing network fees, according to reports on February 15, 2021. дальше »

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Osprey Fund’s Bitcoin Trust Is Now Available to Retail Investors via OTC

The fund is structured similarly to the Grayscale Bitcoin Trust, but aims to compete with lower fees. дальше »

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Contentious EIP-1559 Seeking Community Consensus as Ethereum Miner Revenue Hits an ATH

Ethereum fees are the talk of the town; everyone from small users to even big players feels the brunt of it. Even some projects have fallen victim to the high fees, which are yet again on the rise. дальше »

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Blockchain mysteries: Biggest crypto transaction fee oddities

Take a look at a few crypto transactions that came with unnecessarily high fees.

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SKALE (SKL) Tests ATH as Ethereum Gas Fees Stay High

SKL to the Moon The Ethereum network scalability solution SKALE network is seeing its native token, SKL, re-test an all-time high set just days ago. SKL just soared to $0. 381 on Feb 11. according to data from CoinGecko. дальше »

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Linear (LINA) price gains 30% after transition to Binance Smart Chain

Linear’s launch on Binance Smart Chain adds interoperability options to the network and may draw new users looking to escape Ethereum’s high gas fees. дальше »

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DEXs becoming unusable? How to navigate record gas fees ahead of Eth2

Ethereum gas fees are too high for decentralized trading, but there are some alternatives now and others on the way.

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Market Roundup: ETH Breaks All-Time High, BTC Lags, Altcoin Market Cap soars

There is little news in the Ethereum ecosystem to validate the break. And right now, gas fees are still insanely high. Nevertheless, the second-largest cryptocurrency by market capitalization is above the $1,800 mark again. дальше »

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UAE’s Lulu International Exchange Integrates RippleNet Cloud to Enhance Indian Remittances

Abu-Dhabi based international money transfer service, Lulu Money, announced a partnership with Federal Bank, an Indian international financial service, to enhance remittances to India. The partnership will integrate RippleNET Cloud to reduce the transfer fees and introduce instant remittance payments from the UAE. дальше »

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Miami inches toward crypto adoption; Proposes to pay workers in BTC

Miami residents might soon start paying all or part of their taxes, among other fees in Bitcoin (BTC). The city’s pro-crypto mayor, Francis Suarez unveiled this news through a tweet on February 12, noting that the city’s commission held a meeting on Thursday and voted in favour of promoting crypto. дальше »

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Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC

The U. S. city of Miami is going full bitcoin. The city commissioners have voted to support the mayor’s resolution to allow payments in bitcoin for salaries, taxes, and fees. The city also supports efforts to make bitcoin an acceptable currency for potentially investing in the state treasury. дальше »

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Andrew Yang Wants to Make New York a Hub for Bitcoin and Cryptocurrencies

First Wyoming, then Miami, and now New York, cryptocurrency adoption is rapidly growing. As we reported, Miami Mayor, Francis Suarez, is working hard on getting the city to lead in technology advancement, and as such, he had gone full-on Bitcoin by enabling the employees to be paid in Bitcoin, taxes and resident fees to be […] The post Andrew Yang Wants to Make New York a Hub for Bitcoin and Cryptocurrencies first appeared on BitcoinExchangeGuide. дальше »

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Another One Bites the Dust; Ethereum’s Insanely High Fees Force A Project to Shutdown

As average fees on the second-largest network continue to rise, Unite.Community kills its project. The post Another One Bites the Dust; Ethereum’s Insanely High Fees Force A Project to Shutdown first appeared on BitcoinExchangeGuide. дальше »

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Average Fees on Bitcoin Jumps to Jan. 2018 Levels & Mining Profitability to 10-Month High

Average fees on Bitcoin have taken a big jump to $28 today, up from just $11 on Feb 7 and $2. 6 in December, as a growing number of transactions remain unconfirmed in Mempool. With this latest uptick, the fees have reached levels not seen since January 2018 but still far from December top of over […] The post Average Fees on Bitcoin Jumps to Jan. дальше »

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Crypto.com Pay Integrates with Crypto.com DeFi Swap For Increased Use Cases

Crypto.com Pay’s recently integrated with Crypto.com DeFi Swap to enable payments in 17 new DeFi tokens. This is expected to provide increased flexibility to customers and merchants alike. The merger would also enable the liquidity providers of DeFi Swap to avail the benefits of swap fees on each transaction. Crypto.com Pay is a feature ofRead More дальше »

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Market Wrap: Bitcoin Near $48K While Ether Transaction Fees Surge Again

The market is bullish on both cryptocurrencies, for different reasons. дальше »

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Market Wrap: Bitcoin Above $49K While Ether Transaction Fees Surge Again

The market is bullish on both cryptocurrencies, for different reasons. дальше »

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BIC’s Crypto Video News Show: ETH Rallies to New Highs and Gas Fees Hit the Roof

The launch of Ether futures on the Chicago Mercantile Exchange (CME) caused widespread skepticism on ETH’s next direction. Some pundits believed it would spark another bull run. Others anticipated a replay of the market crash that followed the launch of Bitcoin (BTC) futures. дальше »

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Ethereum-based social media project shuts down as ETH fees approach new highs

Ether transaction fees increased by over 35,000% in the past year, forcing one social media tokenization project to close down.

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Binance Smart Chain Overtakes Ethereum in Daily Transactions

Binance CEO Changpeng Zhao stated that this occurrence is proof that its low transaction fees wooed users. Zhao stressed that the platform would continue committing more resources to maintain low transaction fees for its community. дальше »

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DeFi thrives on Binance Smart Chain as users flee exorbitant ETH fees

The prices and market capitalization of tokens in the Binance Smart Chain (BSC) ecosystem are booming as the whole sector is up 135% over the past week, according to CryptoSlate’s data. The post DeFi thrives on Binance Smart Chain as users flee exorbitant ETH fees appeared first on CryptoSlate. дальше »

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Ethereum Beats Bitcoin to Become the Largest Network for Trustless Money Settlement

But average transaction fees on the second-largest cryptocurrency by marketcap are crippling the network The post Ethereum Beats Bitcoin to Become the Largest Network for Trustless Money Settlement first appeared on BitcoinExchangeGuide. дальше »

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Decentralized prediction market Omen app launches on the xDai network

CryptoNinjas » Decentralized prediction market Omen app launches on the xDai network Decentralized prediction market platform Omen, developed and maintained by the DXdao, and powered by the Gnosis conditional tokens framework, has now launched on the Ethereum sidechain xDai, to enable faster transactions with significantly lower gas fees. дальше »

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Binance Smart Chain Flips Ethereum in Daily Transactions; PancakeSwap Trumps Sushiswap

Insane high fees on Ethereum are making other blockchains attractive to users, especially the smaller ones. The post Binance Smart Chain Flips Ethereum in Daily Transactions; PancakeSwap Trumps Sushiswap first appeared on BitcoinExchangeGuide. дальше »

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Matic Network (MATIC) Rebrands to Polygon to Tackle Ethereum Rivals

As Ethereum gas fees touch new highs, the need for a layer-2 scaling solution couldn’t be more urgent. Matic Network Undergoes Major Rebranding Matic Network, a leading layer-2 Ethereum scaling platform today announced its rebranding as Polygon, Decrypt reports. дальше »

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Avalanche-Ethereum Bridge for DeFi Users to Manage High Gas Fees

The Avalanche-Ethereum (AEB) is now live, the Block reported on Feb 8. Moving DeFi Assets to Avalanche Following the interoperability bridge’s activation, DeFi users in Ethereum can now seamlessly move assets to the Avalanche network. дальше »

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Plasm Network Raises $2.4 Million via Binance Labs

Spurred by an increase in Decentralized Finance (DeFi) usage, increased transactions and higher fees are clogging up the Ethereum (ETH) network. This has led to a recent rise in prices and interest in alternative smart contract platforms or adaptive solutions, with Polkadot and Plasm being one of the biggest. дальше »

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Ethereum Layer-2 Scaling Solution ‘Matic Network’ Rebrands as ‘Polygon’

Matic Network, known for providing Layer 2 scaling solutions, is rebranding as Polygon and launching on the Ethereum blockchain. The new Matic will help to solve Ethereum’s lingering scaling issues and the high transaction fees that have made Ethereum almost unusable. дальше »

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Gasify: Aggregator app to level up the Gas Farming hype

Ethereum Gas, Gas Farming, and Gasify Gasify, brought to by the successful team behind Ethanol Token, is here to help uses not only eliminate the loss of profit due to ETH Gas Fess but to actually help users turn those gas fees into pure profit! Gasify will provide tools to maximize rewards in addition to bonus cash back on the rewards users are earning from ETH Gas cashback projects. Gas Farming is quickly becoming one […] дальше »

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Average Crypto Trading Fees 2020 – Cryptowisser Finds Industry Leaders Still Have Higher Fees

PRESS RELEASE. Cryptowisser, who operates the world’s largest crypto exchange list, has published the second installment of its quarterly empirical report on trading fees among cryptocurrency exchanges. дальше »

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How EIP-1559 Could Send Ethereum Prices to $20,000

With current average transaction prices hovering around $25, Ethereum is pretty much unusable for the average trader or DeFi user. Predictions Global founder Ryan Berckmans claims that the current level of fees should reflect an asset price of $2,500. дальше »

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Cardano (ADA) Skyrockets As Ethereum Gas Fees Shoot to New Highs

One of ADA’s largest one-day gain, 20%, was witnessed yesterday, where it broke the strong critical level of $0. 50. Today, ADA is trading at $0. 68 with a market cap of $21. 7 billion at the time of writing. дальше »

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Crypto exchange DMEX launches xDAI sidechain-based no gas derivatives trading

CryptoNinjas » Crypto exchange DMEX launches xDAI sidechain-based no gas derivatives trading DMEX, a decentralized cryptocurrency exchange, today announced it has launched public trading of derivatives with no gas fees in response to the growing demand for new products among crypto users and rising fees on the Ethereum network. дальше »

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