Gate.io Announces $2 Million Compensation Program for PAID Network Hack Victims

Leading digital asset exchange Gate.io unveiled a compensation program roughly worth $2 million to compensate all users who lost their funds during the recent hack on the PAID Network. Gate.io Compensates PAID Network Hack Victims In what comes as a respite for PAID Network token hodlers – at least for the ones who held theRead More

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Hacker Performs $3 Million Attack On Paid Network

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PAID Network Will Launch Its IDO on Polkastarter on January 20th

PAID Network, one of the first legaltechs to use distributed ledger technologies (DLT) to make business on the Blockchain more secure, has announced its upcoming IDO on January 20th, on the Polkastarter platform.

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PAID Network Raises $2M in Funding Led by Alphabit Fund and Master Ventures

 PAID Network has closed a $2 Million funding round led by Alphabit Fund & Master Ventures. Other investors and partners include A195, AU21, Brilliance Ventures, Phoenix VC,...

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Contract DApp PAID Network successfully closes $2M private sale

PAID Network (PAID), a blockchain-powered e-signature contract protocol, has closed a $2 million funding round led by Alphabit Fund and Master Ventures. Other investors and partners include A195, AU21, Brilliance Ventures, Phoenix VC, and X21.

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Stellar Invests $3 Million in Digital Assets Settlement Network Across LATAM

Stellar Development Foundation is investing up to $3 million, paid in Lumens (XLM), in digital assets settlement network across LATAM, Settle Network. This investment will help boost the payment tools of Settle Network that are focused around stablecoins, including fiat-to-crypto onramps, stablecoin issuance, and payment processing.

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Stellar Development Foundation invests $3M in Settle Network

Today, the Stellar Development Foundation (SDF) announced a strategic investment in Settle Network, a digital assets settlement network across LATAM for exchange and cross-border payments. The investment of up to $3 million, paid in lumens, will help bolster Settle’s current suite of payment tools centered around stablecoins: fiat-to-crypto on-ramps for B2C and B2B users, stablecoin […] CryptoNinjas » Stellar Development Foundation invests $3M in Settle Network

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MoneyGram Received $9.3M From Ripple In Q3 For Providing Liquidity To The ODL Network

Blockchain-based payments firm Ripple paid MoneyGram over $9 million during the third quarter of 2020 for using the firm’s XRP-based international payments network. In MoneyGram’s Q3 report released on Thursday, the company said it received $9.

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Ripple Scores More Points As World’s Best Sonic Player Inks Contract To Be Paid In XRP

For years, Ripple has been working to expand its network of allies and business partners across the world, with obvious behind-the-scenes efforts to drum up support for XRP and drive the crypto to mass adoption.

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Coinbase Pro No Longer Paying Ethereum Transaction Fees

Coinbase Pro has announced that it will no longer pay Ethereum gas fees for its users. The change comes as transaction fees on the network continue to increase. Previously, the cryptocurrency exchange had paid Ethereum fees on behalf of its customers.

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Total Fees Paid On Ethereum Tops Bitcoin’s For 30 Days Straight. What This Means

Ethereum has consistently maintained higher total fees paid on the network than on the Bitcoin network for 30 days in a row, data from Glassnode shows. The fee volume has been above that of Bitcoin roughly since the 6th of June and experienced a sharp increase within the month to nearly $4 million before declining […]

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Ethereum's higher TX fees not a bullish flex

On 22 June, Eric Conner, a popular Ethereum Proponent, tweeted the following and revealed to his thousands-strong followers, "For 16 straight days, Ethereum users have paid more to use the network thThe post Ethereum's higher TX fees not a bullish flex appeared first on AMBCrypto.

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Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight

This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than Bitcoin users.

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Ethereum-Based Celsius Network Bags $10 Million Funding from Tether

Controversial stablecoin Tether is leading a $10 million investment in lending platform Celsius network, the latter announced on June 23. Expanding Product Suite Celsius is an Ethereum-based lending program that claims to manage over $680 million and has paid over $17 million to pool investors thus far.

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Ethereum Core Developer Concerned about Network Health as Miners Raising Gas Limit by 25%

In the light of increasing network utilization, Ethereum miners have decided to increase the gas limit of the network from 10,000,000 to 12,500,000. Gas fees are paid by users to make transactions and transfer smart contract data.

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P2P ‘Ponzi Scheme’ Exchange, Good Crypto, Is Behind the $5M Transaction Fees on Ethereum

Fees paid to miners of the Ethereum network has been gaining a lot of traction lately. In 2020, it has been on an upward trend. The total fee volume in Ether on the network increased by a whopping 336% in the past two months as mean fee volume surged from 0.00067 ETH on April 17th […]

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New Transaction With $539K Fee Spotted on Ethereum Blockchain. Hack or Money Laundering?

A $539K fee was paid on the Ethereum network by an alleged hacker after two similar transactions

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Ethereum fees reach highest level ever seen as user pays $2.5 million to send $133

Ethereum transaction fees have reached the highest level at $2,631,127 following a single transaction in which $2. 5 million was paid as fees. According to Glassnode, this far exceeds anything ever recorded as transaction fees on the network.

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Guy Pays $2.5 Million in Fees For One Ethereum Transaction, Hack or China Crackdown?

The biggest fee ever paid on ethereum has just been processed by the network with some 10,700 eth given in gas fees to SparkPool, a China based ethereum mining pool. . . . The post Guy Pays $2.

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Increasing number of transaction fees paid on Ethereum network could be bullish news

Ethereum is expected to break out of last week’s consolidation range that had capped... The post Increasing number of transaction fees paid on Ethereum network could be bullish news appeared first on Coin Journal.

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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.

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BitMEX Users are Paying High Bitcoin Fees But Do They Really Care?

Crypto derivatives platform BitMEX “has a significant impact on the Bitcoin network and user fees,” wrote 0xB10C, a German Bitcoin freelance developer. The developer explained that the platform broadcasts multiple megabytes of large transactions into the Bitcoin network which in turn affects the transaction fees paid during the US business hours and European afternoons. These […]

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Roger Ver Claims He Routinely Paid ‘$1K in Fees’ for a Single BTC Transaction

Roger Ver claimed in a video recently that he has paid $1,000 in BTC fees for a single transaction many times in the past. We have often heard of BTC transaction fees being high when the network is experiencing strain.

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Crypto Lender Celsius Drops Its Minimum Loan Request To Help Borrowers During COVID-19

The minimum loan request with Celsius Network went down to $1,000 as a result of the new coronavirus’ effects on the market. Furthermore, the loaning platform is looking to introduce the gold on gold paid out interest.

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A transaction of more than half a billion dollars cost the sender only 26 cents

On Wednesday, April 1, a transaction for 100,000 BTC appeared on the bitcoin network. The estimated payment amount exceeded $ 600 million dollars, but the size of the commission paid did not even reach $ 1, and this is not a joke.

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Coronavirus Fuels P2P Connectivity: Crypto-Driven Meshnet Gives Rural Towns Internet

While the coronavirus wreaks havoc on the economy across the U. S. , a number of the 1,737 residents from Clatskanie, Oregon can’t obtain an internet service provider (ISP). The situation has motivated the town to adopt a decentralized meshnet ISP called Althea and the network’s users are paid in cryptocurrency for relaying.

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Decentralized storage solution Storj pays out $2 million to node operators

Storj Labs, creators of the Storj decentralized cloud storage solution, announced today that it has now paid out $2 million in STORJ tokens to its network of storage node operators. Currently, Storj reports having about 5,500 node operators on the Storj network.

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PoB Transactions on Cross-Carrier Payment System Successful

The cross-carrier blockchain payment network allows transactions to be paid directly in the user’s currency through their mobile carrier

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Blockstack Nodes Will Be Paid in BTC – Not STX – to Secure the Network

Blockstack is rolling out a consensus mechanism that presents a fresh use case for the world's most popular cryptocurrency.

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Lightning Labs to Simplify Bitcoin Payments with Fresh $10M Funding

Lightning Labs, a Bitcoin payments startup has raised $10 million in Series A funding to promote the development of the Lightning payments technology and scale its developer ecosystem. The startup has also launched its first paid product, Lightning Loop to facilitate a more efficient transfer of payments on the Lightning network, according to a blogRead MoreRead More.

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Payment Provider Square Wins US Patent For Real-Time Crypto-To-Fiat Automatic Swaps

Square has been awarded a patent for a payment network that will allow individuals holding various types of of assets to transact with each other in real-time. The application reads: “The present technology permits a first party to pay in any currency, while permitting the second party to be paid in any currency.” According to […]

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The Stellar Development Foundation received 98% of the XLM inflation payouts

Out of 5.48 billion XLM that has been paid out as part of Stellar’s inflation distribution process, 98 percent has gone to the Stelar Development Foundation. And even though the foundation burned most of the funds they received this way to reduce the inequities in the network, none of it actually went to its intended […] The post The Stellar Development Foundation received 98% of the XLM inflation payouts appeared first on CryptoSlate.

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Hedera Hashgraph Asks Investors to Wait Longer for Tokens After Price Crash

Hedera Hashgraph, the company behind the blockchain-like Hedera network, is asking investors to wait longer for tokens they paid for, in order to stabilize their cratering price.

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Clicxads: Legit Paid to Click (PTC) Crypto Ads Network?

What Is Clicxads? Clicxads is a crypto ads network that provides the global opportunity for motivated publishers and influencers by shared poll rewards. The platform believes that support is the key for longevity, which is why users can count on them to resolve the issue within 24 hours. However, amidst all the promises, the platform […]

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AMLT Token Network integrates Bitcoin Cash (BCH)

AMLT Token Network, an anti-money laundering solution for blockchain from Coinfirm, announced today that it now supports Bitcoin Cash (BCH). Forming the backbone of the platform, members of the AMLT Network contribute valid data on blockchain addresses into the AMLT Network including their own addresses.

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Bitcoin is approaching $1 billion in all-time transaction fees, $15 billion in miner fees

Bitcoin is nearing $1 billion in total, all-time transaction fees and $15 billion in all-time miner revenue, according to Coin Metrics’ latest State of the Network report. As of Oct. 13, $996,458,718 in transaction fees have been paid on the Bitcoin network, the report noted.

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Hacking victim who paid Bitcoin ransom goes on to hack the hackers

A ransomware victim that paid Bitcoin to unlock his files has enacted sweet vengeance on his attackers, by hacking them right back. As part of his retaliation, Germancement on the BleepingComputer forum yesterday morning, but urged readers to understand that he’s “not the bad guy here.

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BitMEX to Showcase Power of Bitcoin’s Lightning Network at Upcoming Crypto Conference

The Lightning Conference, an event focusing on the Bitcoin micro payments scaling solution, Lightning Network, has just announced a novel way to help showcase the power of the technology. The ever-important fuel of all crypto conferences, hot, steaming coffee, will be available for a single satoshi, paid via the Lightning Network, at the Berlin event.

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Bitrefill bets big on Bitcoin Lightning Network, becomes one of the largest node operators

Bitrefill, a crypto-centered service provider that offers mobile prepaid refills and over 750 gift cards which can be paid in Bitcoin, Ethereum, Dash, dogecoin, litecoin and lightning payments across 170+ countries.

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Facebook hosts fraudsters targeting the upcoming launch of Telegram’s TON Network

Telegram is all set to launch its much-anticipated TON network soon. However, scammers have already started to flood Facebook’s Russian pages with investment scam advertisement using Telegram Founder Pavel Durov’s photos.

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Ethereum Overtakes Bitcoin in Network Fees

For the first time ever, demand for the ethereum network has led to the aggregate collection of more fees than bitcoin. According to Messari, $207,000 was paid in total for... The post Ethereum Overtakes Bitcoin in Network Fees appeared first on Trustnodes.

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Users Exploit XRP Blockchain Tic On Beaxy's Trading Platform

Unlike most blockchains, the XRP network displays transactions that have only been paid in part. Unfortunately for crypto exchange Beaxy, traders exploited this feature to pay a small price for large amounts of XRP, forcing the exchange to roll back a number of trades made at the time.

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Study: Trump’s paid Peter Thiel’s Palantir $1.5B so far to build ICE’s mass-surveillance network

Perhaps no other company has profited more from the Trump administration’s treatment of undocumented immigrants — and US citizens of similar appearance — than Peter Thiel‘s Palantir. A recent investigation, conducted by Mijente, revealed the US government has at least 29 active contracts with the company worth approximately $1.

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Bitcoin whale moves $468 million crypto-fortune for less than $400

A cryptocurrency whale has moved a groin-thumping Bitcoin fortune worth $468. 5 million — and they paid just a few hundred bucks for the pleasure. 49,756 #BTC (468,491,827 USD) transferred from unknown wallet to unknown wallet Tx: https://t.

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Hackers Demand $2 Million In Bitcoin After Hacking Monroe College, Few Students Praise System Downtime

Ransomware is not a new technological concept, but it is a big problem in the cryptocurrency industry in the last few years. Rather than directly taking over an exchange, these hackers go after unrelated companies, demanding to be paid out in Bitcoin or another cryptocurrency.

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Bitcoin network value at all-time high based on average price paid per BTC

The value of the Bitcoin network is at all-time highs based on the average price holders paid for their coins. The metric used, realized market capitalization, is also a surprisingly effective indicator for predicting BTC market tops and bottoms.

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How Blockstream Helps Some Get Back To Bitcoin's Roots

The small community growing around messages sent via Blockstream's satellites and paid for using the Lightning Network is in early enough stages that it reminds some members of what it used to be like to mine bitcoin on a simple desktop computer.

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98% of Bitcoin Satoshi Vision’s activity comes from a dumb weather app

The majority of Bitcoin Satoshi Vision (BSV) network activity hasn’t anything to do with cryptocurrency. In fact, pretty much all of its current on-chain activity comes from weathersv. com, an automated weather service that simply copies data from another (centralized) weather site and writes it to the BSV blockchain.

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Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy

Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors.

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