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Can Alipay and WeChat Pay Compete With China’s Fee-Free Digital Yuan?
Will Alipay and WeChat Pay survive the People's Bank Of China's rollout of the digital yuan or DCEP?
Magic Eden Halts BRC-20 Trading Temporarily Amid Ordinals Expansion
Magic Eden temporarily suspended BRC-20 trading on October 22, 2023, to ensure user protection until certain BRC-20 regulations were agreed upon. Earlier in June, the platform had extended support for BRC-20 tokens, diving deeper into the Bitcoin ecosystem. Following the halt, trading resumed on July 13, 2023, with a promotional reduction in listing fees to 0.1% for new BRC-20 tokens for a month.
FTX Bankruptcy Legal Costs Hit $118.1 Million in Three Months
FTX's bankruptcy lawyers and advisers earned an average of $118.1M in fees between August and October, with Alvarez and Marshall leading the charges.
Ethereum Breaks Past $1000, Triggering a Spike in ETH Gas Prices
Ethereum has surged past $1000, following Bitcoin’s footsteps to wrap up 2020 nicely.
Uniswap’s UNI Becomes a Top 10 DeFi Token After a Day, Driving Ethereum Transaction Fees to an All-Time High
Uniswap recently launched its own governance token UNI, and since its launch, Ethereum’s transaction fees have reached new highs.
Cobo Argus Boosts DeFi Strategies Security via Chainlink Price Feeds Integration
Cobo Argus has integrated Chainlink Price Feeds on Arbitrum mainnet to bolster its automated DeFi strategies, enhancing security and facilitating swift fund withdrawals during token depegs. This collaboration with Chainlink also underscores Cobo Argus's commitment to providing fortified, efficient on-chain DeFi management solutions.
Bitcoin Transaction Fees Altering its Ecosystem
Bitcoin (BTC) transaction fees entail the amount charged for your proceedings to be handled by a miner and approved by the Bitcoin network.
API3 Unveils Enhanced Data Feed Service to Bolster TVL on Polygon zkEVM
API3, a blockchain oracle provider, has introduced a managed data feed service to support the growth of Total Value Locked (TVL) on Polygon zkEVM. This innovative push oracle, built around the Airnode first-party oracle node, eliminates intermediaries and provides direct access to real-world data, aiming to enhance the DeFi ecosystem and decentralized finance future.
US Justice Department Charges John McAfee with Cryptocurrency Fraud
Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.
Ethereum Median Fees Slip to 6-Month Low, Will this Reignite Rebound?
Ethereum's median fees dropped to lows not seen since July 2021, raising the question of whether a rebound is on the horizon.
USDC Holders Panic Sell Amid Solvency Concerns
On March 10, concerns about the solvency of USD Coin (USDC) led several holders to panic sell their holdings and switch to other stablecoins. One user lost over 2 million USDC in a failed attempt to exchange them for Tether (USDT) using KyberSwap's decentralized exchange aggregator. Tron founder Justin Sun reportedly withdrew 82 million USDC and exchanged them for Dai (DAI) using Aave v2, while IOSG Ventures sold 118.73 million USDC for 105.67 million USDT and 2,756 Ether (ETH). The USDC price has since slowly recovered, and Circle, the company behind USDC, disclosed holding $3.3 billion at the Silicon Valley Bank.
Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030
VanEck's analysis suggests Solana could reach significant valuation by 2030 due to its technical innovations and user-focused applications. However, challenges like financial sustainability, technical stability, and developer adoption need to be addressed for this potential.
Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High
Ethereum users have a sigh of relief because median fees have dropped to $5.50 per transaction from highs of $34.18 last month.
Ethereum User Paid $2.6 Million in Transaction Fees to Send Just $130
A user paid millions of dollars in Gas fees just to send $130 worth of Ether.
Is Ethereum the Future of DeFi? Scalability and Cost Issues Open Door for Cardano and Polkadot
As Ethereum continues to struggle with scalability and cost—traders continue to question the limitations of the Ethereum network and whether it really is the future of Defi.
Ethereum’s Price Going through the Roof, Subject to Renewed Interest from Short-Term Traders
Ethereum’s surge to historic highs has renewed the discussion of whether the altcoin season is back as short-term traders' interest soars.
Bankruptcy of FTX Incurs Over $200 Million in Legal Fees
An independent auditor has examined the legal fees incurred during the initial months of FTX's bankruptcy, revealing a staggering amount exceeding $200 million. The auditor justifies these significant fees, considering the monumental nature of the task at hand.
BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees
BNB Chain and MetaMask have successfully addressed a glitch that led to the display of inflated gas fees for opBNB transactions. The issue was rooted in MetaMask's default algorithm, which set a minimum recommended gas price based on averages across various Layer 1 and Layer 2 networks. This has been corrected, and users can now benefit from opBNB's lower gas fees for faster and more cost-effective transactions.
Celsius Network Charged Over $3M in Legal Fees
Beleaguered crypto lending platform Celsius Network has incurred more than $3 million in legal fees, according to a filing.
Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
Circle announces new Web3 services—Gas Station and Smart Contract Platform—to simplify blockchain development and lower costs. These user-centric solutions aim to accelerate the mass adoption of blockchain technologies.
Why Did John McAfee Abandon His Ghost Privacy Coin Project?
Crypto advocate and technology pioneer John McAfee recently announced on Twitter that he has abandoned his Ghost privacy coin project.
Coffee Company to Use IBM Blockchain to Connect Farmers And Consumers
The J.M. Smucker Company, known as Smucker’s, has announced that blockchain technology will be implemented in their system to trace Colombian coffee beans directly back to their source, all the while enabling consumers to support coffee farmers through the platform.
Bitcoin Transaction Fees Soar After Block Reward Halving
Bitcoin transaction fees continue to soar after halving.
Uniswap's Front-End Fees Surpass $1 Million
Uniswap's front-end fees exceed $1 million in 24 days, contributing 17.4% to its total fees, with an estimated annual revenue of $15.2 million.
Ethereum Gas Fees Hit a Monthly Low - Could this Trigger an ETH Uptrend?
New data by on-chain data provider Glassnode notes that the total Ethereum gas fees paid have hit a monthly low of $666,735.56.
Coinbase One Unveils New Features Including Zero Trading Fees and Increased Staking Rewards
Coinbase, a leading cryptocurrency exchange, has announced significant updates to its premium membership service, Coinbase One.
Binance P2P Introduces Flat Taker Fee on USDT Trades in Select Markets
Binance P2P platform announces the implementation of a flat taker fee for USDT trading pairs across selected fiat markets, set to take effect by end of June 2024.
California Proposes Crypto ATM Regulations Amid Rising Fraud
California lawmakers propose regulations on cryptocurrency ATMs to combat escalating fraudulent activities. The bill, dubbed "Digital Financial Asset Transaction Kiosks," recommends a daily withdrawal limit of $1,000 and a cap on operators' fees, with implementation eyed for January 1, 2024. While some victims of ATM scams applaud the measure, crypto ATM operators express concerns over the potential adverse impact on small operators.
Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom
Ethereum transaction fees recorded its lowest price since July, when the decentralized finance (DeFi) boom began. What does this mean?
MoonXBT Eliminates Fees on Multiple Spot Trading Pairs
MoonXBT is no longer charging fees for multiple spot trading pairs to ease the burden on users during the ongoing economic crisis.
Bitstamp to Charge Inactive Fee to Make Up for Costs
Inactive users of the cryptocurrency exchange Bitstamp platform will have to pay a fee to make up for costs, according to a report from The Block.
Bentley University Rolls Out Crypto Payment Option for Tuition Fees
To offer students and their families new methods to pay tuition, US-based Bentley University has started accepting crypto payments.
Only in Crypto: John McAfee Admits "Copy-Pasting" PIVX Whitepaper, Wants to Sue them Nonetheless
McAfee’s crypto project “Ghost” was found to have plagiarised its entire whitepaper from another crypto firm, but instead of being apologetic, the entrepreneur threatens to sue PIVX, the project in question, for causing reputational damage.
Coffee Origin Traceability Propelled by Blockchain App
The traceability of coffee origin is set to be propelled through blockchain technology. For instance, a blockchain-enabled app known as 'Thank My Farmer' seeks to avail information about this to various consumers, such as millennials.
Binance Adds DOGE, XRP, SOL to FDUSD with Zero Maker Fees
Binance introduces five new trading pairs, including DOGE/FDUSD and SOL/FDUSD, and offers zero maker fees on FDUSD pairs until further notice, potentially increasing liquidity and trading volumes, with TRY as part of TOMO/TRY and UNFI/TRY pairs.
Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction
New data by on-chain data provider Glassnode reveals that despite the current price correction, Ethereum addresses holding more than 1 ETH have hit a monthly high of 1,175,408.
The University of Pennsylvania Wharton School to Accept Crypto for Tuition Fees
Wharton business school of the University of Pennsylvania has announced that it is developing a new online executive education program that will allow students to pay for tuition fees with cryptocurrencies.
Ethereum Transfer Demand Increases as Average Gas Fees Hit a 3-Month High
The Ethereum network has been experiencing high demand, as evidenced by an uptick in transfers and average gas fees.
Crypto Addresses Holding At Least 100 Ethereum Hit 19-Month Low as 8.2% of Circulating ETH Locked in DeFi
New data by on-chain data provider Glassnode reveals that the number of crypto addresses holding more than 100 ETH has hit a 19-month low of 45,518.
EIP 1559 May Not Reduce High Gas Fees on Ethereum, but ETH 2.0 Will – Here’s Why
EIP-1559, an Ethereum Improvement Protocol set to launch in July, has been touted as a game-changer that will address the issue of rising gas fees on the network.
Uniswap Expands Mobile Footprint with Android Wallet Launch
Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.
Trader Spends $118k in Ether on Memecoin
A single trader has spent $118,000 in gas fees on the Ethereum network to purchase $155,000 worth of memecoin called Four (FOUR). The trader paid $119,157 in Ether (ETH) for a Uniswap trade of 84 Wrapped Ether (WETH) for 13.8 billion FOUR tokens. The rise in gas fees has caused debates in the crypto community over its impact on mass adoption.
Ethereum’s Network Revenue Shot up by 1,777% Last Annual Year
Ethereum network revenue rose 1,777% from $231.41 million to $4.34 billion, according to market insight provider Bankless.
John McAfee is Having a Fascinating Time in Spanish Prison Says it's "Not That Bad"
John McAfee is having and interesting time in Spanish prison while awaiting his extradition to the United States.
Ethereum Fees Have Grown 10-Fold Since Q4 2020, Showing High Demand and Willingness to Pay
Gas fees in the Ethereum network have increased ten times since the fourth quarter of 2020.
Ethereum's Median Fees Drop by 88.7%,Hitting a Two-Month Low
Ethereum traders have a reason to smile because transaction fees dropped from November highs of $34.19 to $3.84 per transaction, representing an 88.7% decline.
Ethereum Exploded by More than 17.4% over the Weekend as Transaction Fees Recorded 205.99% Monthly Growth
New data by on-chain data provider Santiment reveals that the uptrend over the weekend made Ethereum increase by more than 17.4%.
Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability
Starknet v0.13.1 upgrades Ethereum data storage costs, offers lower transaction fees, and improves stability and user experience, potentially boosting adoption and advancing Starknet's evolution.
Binance Introduces Zero Maker Fee for ARS, BRL and ZAR
Binance has launched a zero maker fee promotion for spot trading pairs involving Argentine Peso, Brazilian Real, and South African Rand. The promotion will be in effect from September 8, 2023, until further notice. The promotion aims to attract traders interested in these currency pairs and contribute to the exchange's market expansion.
Bitcoin Transaction Fees Experience Significant Drop Following Record High
Bitcoin's average transaction fees have dropped to $8-10 for medium-priority transactions, following a record high of $128 on April 20. This surge coincided with the Bitcoin halving, resulting in $78.3 million in fees, surpassing Ethereum 24 times. The highest fee ever recorded was 37.7 BTC ($2.4 million) paid to ViaBTC.
John McAfee Found Dead in Prison After Spanish High Court Approves His Extradition to the US
John McAfee was found dead in prison jail, followed by his extradition to the US approved by the court.
Ethereum’s All-Time High May Be Influenced by a Drop in ETH Gas Fees
On-chain metrics provider Santiment attributes the current ETH uptrend to a drop in Ethereum’s average fees.
Blockchain-based Agricultural Startup Plans to Unite the Coffee Industry of Honduras
GrainChain being an agricultural start up backed up by Medici Ventures and has shown some prospects so far, plans to bring together the coffee industry of Honduras.
Astar Network Publishes Tokenomics 2.0: A New Approach to Inflation, Fees, and dApp Staking
Astar Network unveils Tokenomics 2.0, introducing dynamic inflation, aligned transaction fees, and enhanced dApp staking for sustainable growth.
Total Fees Paid on Bitcoin Network Hit Monthly Low, Hashrate Records Historic Highs
Bitcoin’s friendliness in terms of the low transaction fees paid to use its network continues because it hit a monthly low.
McAfee Admits 2020 Bitcoin Million Dollar Price Prediction Was a Ruse
John McAfee, creator of the McAfee cybersecurity company has finally admitted that his famous 2020 million dollar Bitcoin price prediction, to which he staked his sex organ, was just a ruse to attract new users.
John McAfee Could be Still Alive, Ex-Girlfriend's Assertion Discloses in Netflix Documentary
A new revelation is now being made as McAfee’s ex-girlfriend, Samantha Herrera, disclosed that the Anti-Virus pioneer faked his own death, is still alive, and currently lives in Texas.
Uzbekistan Announces Monthly Fees for Crypto Firms
Crypto companies operating in Uzbekistan are now expected to pay monthly fees to the government. The development is part of efforts by the country to regulate the sector.
Opinion: Why Ethereum’s ‘Merge’ Won't Lower Gas Fees?
The Merge won’t make the network much faster or be able to process more transactions per second, which means gas fees won’t change much.
Bankless: Solana's Resilience and Prospects Amid Market Challenges
Solana has navigated through a challenging bear market and technical issues to emerge stronger in 2023. With improved network performance, diversification into new sectors like NFTs and AI, and upcoming developments like Neon EVM and Solang, Solana's future appears promising despite past setbacks.
StarkNet Updates 2024 Roadmap, Fee Reductions and v3 Transactions Highlighted
StarkNet's 2024 roadmap update includes fee reductions, v3 transactions with STRK payment options, Ethereum EIP-4844 integration, and Volition mode, enhancing scalability and user experience.
The Coffee Board of India Views Blockchain-Driven Platform as the Holy Grail
At least 30,000 coffee farmers have signed up for a blockchain-driven electronic-market platform since it was launched by the Coffee Board of India (CBoI) in March
London Hard Fork Saved Ethereum Users $844m in Transaction Fees via Base Fee Refunds
Since going live on August 5, the London Hard Fork or EIP 1559 upgrade sought to make the Ethereum network deflationary by injecting a scarcity parameter.
SludgeFeed Joins Hands with OpenSea for Seamless Adoption of Blockchain Gaming
SludgeFeed, a platform in the blockchain gaming sector, has collaborated with OpenSea, a notable digital marketplace for crypto collectibles, to propel the adoption of blockchain gaming by presenting relevant items on its structure.
Ethereum’s Sideways Consolidation to Continue as Indicator Shows ETH is Currently Undervalued
Market analyst Michael van de Poppe has noted that ETH’s sideways consolidation will continue until a "bottoming construction"comes up.
ETH Price Plunges as Ethereum Gas Fees Make DeFi Unusable
Ethereum’s surging gas fees continue to raise concern—making DeFi all but unusable for the average trader and the ETH price falling drastically to $1,580.63 last night.
MakerDAO Implements Emergency Measures Amid Market Volatility
MakerDAO approves an Executive Vote for crucial changes in response to market conditions, aimed at stabilizing the DAI peg and enhancing the protocol's resilience.
LooksRare NFT Marketplace Upgrades to Version 2, Reducing Fees by 75%
LooksRare has upgraded to version 2, reducing fees by 75% and implementing new features. Sellers now receive Ether instead of Wrapped Ether, and the platform allows for bulk buying and selling orders. Users can also buy an NFT with one wallet but send it to another.
Coffee Giant Starbucks Leverages Blockchain to Track Coffee From Bean to Store
Starbucks intends to leverage blockchain traceability on its coffee supply chain.
Ethereum Network's Gas Fees Skyrocket Amid Memecoin Frenzy
Ethereum's gas fees have hit a new multi-month high due to the growing memecoin frenzy. While this has brought in more revenue for the network, it has also caused congestion and difficulty in processing transactions.
Coinbase Reveals New Price Oracle Competing with Chainlink as a Major Rival in the DeFi Ecosystem
San Francisco-based crypto exchange Coinbase is taking the decentralized finance (DeFi) industry to the next level by releasing its Coinbase Price Oracle, a reliable source of signed price data for crypto pairs. Blockchain oracles provide paths between off-chain and on-chain events and are third-party information sources that supply data to blockchains. Blockchain oracles offer useful data for DeFi applications and other blockchain services.
John McAfee to be Served with SEC Court Documents as He Awaits Extradition from Spain
John McAfee is to be served by the SEC for seven illegal initial coin offerings (ICO) he conducted, as well as for tax evasion.
Ethereum’s Daily Transfers Have Increased from $373 Million to Over $9 Billion in Just a Year
Ethereum has been transacting enormous daily volumes to the tune of more than $9 billion.
Bitfinex Unveils Zero-Fee P2P Trading in Argentina, Colombia, Venezuela
Bitfinex has initiated a zero-fee trading feature for market takers on its Peer-to-Peer (P2P) platform in Argentina, Colombia, and Venezuela as of October 11, 2023. This move comes post the recent extension of the P2P service to these regions, aiming to reduce transaction costs, enhance liquidity, and encourage crypto trading. Users can access this facility by logging into their Bitfinex accounts and selecting the P2P option.
New London Upgrade Could Help Ethereum Hit $3,000, Crypto Expert Says
Ethereum is likely to increase its value based on the speculation and hype surrounding the London upgrade event.
McAfee Comes Clean on His Statement of Bitcoin, in Wake of His 'Dickening'
In recent news, John McAfee appeared to have retracted his previous statement regarding Bitcoin, now claiming he never believed that Bitcoin would hit $1 million dollar in pricing.
Vitalik Buterin Highlights Polymarket's Prediction on Ethereum's Gas Fee Reduction
Vitalik Buterin draws attention to predictions of lowered Ethereum gas fees post-EIP-4844, with market speculation suggesting major cost cuts.
John McAfee Indicted for Tax Evasion and for Fraudulently Promoting ICOs Through Twitter
The DOJ is charging John McAfee with tax evasion and failure to file tax returns, according to an unsealed indictment that was revealed yesterday.
Ethereum 2.0: Upcoming Upgrade Will Not Eradicate High Gas Fees
The Ethereum Foundation (EF) has debunked some of the misconceptions related to the upcoming merge of the Ethereum network’s Beacon Chain, saying that gas fees would not be eradicated.
Maiar Wallet Makes Sending Money as Easy as Sending a Text
Maiar Wallet, a decentralized, non-custodial, low fee, multi-currency digital wallet built on the Elrond blockchain to empower everyday users.
Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services
Lawyers working within the metropolitan area of Washington DC can now accept cryptocurrency payments for legal services so long as the fee agreement is reasonable and fair, and the lawyer is able to safeguard their digital assets, the District of Columbia Bar stated in an ethics opinion.
Bitcoin Is Better Than Gold: Crypto Exchange Coinbase
On May 1, 2020, the world's leading cryptocurrency exchange Coinbase published an article on its blog claiming that Bitcoin is superior to gold. The crypt exchange had earlier published a similar article where they supported Bitcoin over Gold due to its ease to audit, anonymity, low transaction fee, and ease to be fragmented into smaller fractions.
JP Morgan Chase to Pay $2.5 Million to Settle Class Action Lawsuit Over Wrongfully Incurred Crypto Charges
JPMorgan Chase has settled a lawsuit over unannounced changes made to the fee structure applied to crypto transactions using its credit cards in 2018. The American bank agreed to pay $2.5 million to settle a class-action lawsuit regarding its decision made in 2018 to treat cryptocurrency purchases with Chase credit cards as cash advances, ensuing in higher fees. However, JPMorgan is not admitting to any wrong-doing as part of the deal.
Binance Acquired CoinMarketCap: A Huge Boost to the Binance "Super Exchange" Ecosystem
Binance, one of the largest digital asset exchanges in terms of trading volume and users, has officially announced the acquisition of CoinMarketCap for an undisclosed fee. According to the press release shared with Blockchain.News, the acquisition creates synergies for both companies in boosting cryptoassets adoption to global users.
ConsenSys Proposes Tokenization to Leverage Impure Public Goods
People generally understand that human-made public goods—highways, airports, libraries—will incur some economic costs which must be recovered through some sort of fee, toll or charge. It is apparent, however, that the general public gives little thought to the actual policy decisions made in cost recovery schemes or the impact of cost recovery methodologies on the efficient allocation and utilization of these resources for the assets. ConsenSys proposes a tokenized model to better sustain and enhances public resources.
How to Use Uniswap: A Step by Step Guide
Uniswap is one of the most popular decentralized exchanges, where no registration is needed. Here's our detailed guide on how to use it.
Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban
The trio of Facebook, Google and Twitter have been slammed by a $600 million class-action lawsuit by a group of companies and individuals backed by Sydney based JPB Liberty
Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees
By now, it is no secret that Ethereum co-founder Vitalik Buterin and his team are busy perfecting Ethereum 2.0 and preparing it for its official launch.
OKEx Partners with Shrimpy to Foster Crypto Portfolio Automation
OKEx cryptocurrency exchange and Shrimpy, a crypto exchange trading bot for portfolio management and market indexing, agree on a strategic partnership to foster crypto portfolio automation tools among crypto traders.
Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront
Line, the Japanese messaging service has closed its Singapore-based cryptocurrency exchange and relaunched the exchange service globally from a United States-based platform.