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Bitcoin fees remain low despite price surge but Vitalik says they could soar
26.11.2020
Bitcoin transaction fees are less than 10% of their 2017 highs, but Vitalik Buterin believes it’s only a matter of time before they soar back up
IBM Scores Patent on Proposed Blockchain Consensus for Transactions in Multiplayer Games
16.11.2020
The patent was awarded to IBM last week and proposes using a blockchain consensus model to carry out and verify purchases made within multiplayer games
Ethereum User Spends $9,500 in Fees Sending Just $120 in an Error to Forget
8.11.2020
An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money. According to a Nov. 4 post...
‘I destroyed my life’: Uniswap trader spends $9,500 in fees on $120 transaction
6.11.2020
An impatient Uniswap trader accidentally paid more than 23 Ether to execute a $120 trade on the decentralized exchange
Lightning Operators Are Bracing for a Bitcoin Bull Run
5.11.2020
Lightning routing node operators are preparing for the horde of new users that will come in bitcoin's next bull run
Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction
5.11.2020
A Reddit user said they accidentally paid a fee 80 times the transaction value while executing a swap on Uniswap
HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction
3.11.2020
HSBC said the transaction over the Contour trade finance blockchain platform slashed the time normally taken to process letters of credit
Bitcoin Miners Saw 8% Revenue Increase in October
2.11.2020
12% of revenue came from fees, the highest percentage since Jan. 2018
Transaction fees, explained
1.11.2020
Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look
Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution
1.11.2020
While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have...
Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal
30.10.2020
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using...
Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally
29.10.2020
The cost of doing transactions on bitcoin is surging at a time the network is suffering its worst congestion in nearly three years
Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline
26.10.2020
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...
Ethereum set to become first blockchain to settle $1 trillion in one year
23.10.2020
The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year
Bitcoin average transaction value increases 500% since July
21.10.2020
The average Bitcoin transaction is now worth more than $150,000
‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low
19.10.2020
Bitcoin's transaction activity has cooled amid the recent lull in price action – and that's hurting miners' earnings
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
Almost 1M Ether would have been burnt in past year if fee proposal approved
16.10.2020
The long awaited EIP-1559 would have seen almost 1 million ETH burnt in the last 365 days if it had been implemented, but miners are yet to get on board
$12M in ‘Satoshi Era’ Bitcoins Move: 21 Block Rewards from 2010 Spent After a Decade of Slumber
11.10.2020
On early Sunday morning around 1:38:02 a.m. (New York time), approximately 20 blocks with coinbase rewards from 2010 were spent in one block. 1,000 BTC was then consolidated into a single address before moving again. The massive movement of the decade-old ‘sleeping’ bitcoins was caught...
Ethereum’s fees higher than Bitcoin’s for a record two straight months
9.10.2020
The Ethereum network has taken more in fees than Bitcoin for a record streak, but a fee reform proposal faces an uphill battle