A record ethereum transaction fee has been paid today: $2.6 million to transfer $134. The user probably mixed up the fields on the value of the transfer and the fee, eventually paying 10,668 ETH in fees, or $2.6 million, on a transaction mined by Sparkpool. A nightmare come true, the customer sent 0.55 ether, worth...Read More
Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions...Read More
Every individual cryptocurrency network has many different statistics worth keeping an eye on. The Ethereum network recently surpassed 700,000 Ether in total fees paid, which marks a rather interesting milestone. No one can deny that there are very few successful crypto projects out there. An Interesting Milestone for Ethereum Based on user adoption, transaction values,...Read More
On May 14, Bitcoin.com Executive Chairman Roger Ver sat down with Digifinex cofounder, Kiana Shek, for an ask-me-anything (AMA) session about the cryptocurrency ecosystem. Ver explained what he thinks about the central banks printing unlimited money, the government-induced lockdowns, and his opinions about certain cryptocurrencies like BTC, BCH, XRP, ETH, and more. Bitcoin.com Executive Chairman...Read More
Since bitcoin and digital currencies have become popular, fiat on and off-ramps have sprung up that allow investors to enter and exit the cryptoconomy. However, many of the entryways into cryptocurrency markets have a hefty fee between 1-4% of the overall purchase and in order to obtain fiat for crypto the fees are just as...Read More
Recently, a few Bitcoin Cash (BCH) proponents have been writing a series of myth-busting articles that describe Bitcoin technicals generally thought to be true but which are not. The articles posted on the read.cash blog have reviewed topics like 10-minute confirmation times, SPV wallets, PoW energy usage, and rising network fees. Also read: Meet Snowglobe:...Read More
Centralized exchanges have been both a blessing and a curse upon the crypto industry. OpenLedger recently introduced some odd changes that don’t sit well with its users. When an exchange increases withdrawal fees for no apparent reason, there will be some dismay. What is Going on at OpenLedger? Those fees now sit at 5% of...Read More
Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...Read More
The crypto industry has yet to evolve from exchanges which are nothing more than digital banks in reality. A couple are taking bold moves to slash their fees but how many others will follow and how will it affect the wider crypto industry. Crypto Exchanges: Banks in Disguise True financial decentralization should consist of direct...Read More
Background Founded in July 2011 by Jesse Powell (Present CEO), Kraken is renowned to be one of the most widely accepted and oldest cryptocurrency platforms. Kraken, which has its base in San Francisco, was officially launched as an exchange platform in September, 2013. One of the landmark achievements of this platform was in 2014 when...Read More
Bitcoin Fees in December 2017 were almost always above $10, sometimes reaching nearly $30. Today we are nearly at the same price and fees have dropped considerably; less than a dollar in most cases. But has Bitcoin actually scaled, or is it just a case of fewer transactions happening on the network? Fees are only...Read More
