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BTC Transaction Fees Drop to Pre-Halving Level


After a peak in transaction fees on the Bitcoin (BTC) network was seen less than a month ago, the fee paid to miners for processing transactions is now back at levels seen in April, a time well before the third halving in May. On Sunday, June 14, the median BTC transaction fee was USD 0.205, or...

Ethereum Transaction Fee Mystery Just Got More Mysterious


Yet another abnormal ether transaction occurred on the Ethereum (ETH) blockchain for the third time. Now, someone transferred ETH 3,221 (USD 762,990) with a somewhat lower transaction fee of ETH 2,310 (USD 544,028). The transaction occurred on the block 10247265, on June 11, 12:14 PM UTC time....

Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction


History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees....

The Most Dizzying Fee 'By Far' Paid for an Ethereum Transaction Today


So, somebody today sent over USD 100 worth of ethereum (ETH) for a fee of over USD 2.5 million. Yes, in that order. The transaction caused an uproar in the Cryptoverse. Per transaction details, this person sent ETH 0.55, at the time worth USD 133.93, but they paid a whopping ETH 10,669, or USD...

Armoney Recommends Only the Following Cryptocurrencies in India


So, what is cryptocurrency? It’s an internet medium to exchange funds between individuals or corporations to conduct financial transactions. An individual becomes a bank and has control over his own money. Post-COVID will be the beginning of an online transaction era, without the need to...

Bitcoin Fees Fall 60% While Transaction Count Declines


Bitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network eased. According to data from Bitinfocharts, the cost of making a transaction over the Bitcoin blockchain fell to around $2.61 on May 28, down from...

Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode


Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or...

Bitcoin Worth $282K from the 2016 Bitfinex Hack on the Move


The cryptocurrency community has noticed a number of bitcoins from the August 2, 2016, Bitfinex breach has been moved. A small 30 BTC transaction ($282,000) from the stash has moved from the hacker’s address to an unknown bitcoin address. The last time coins from the Bitfinex incident moved...

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