Ethereum Fees Rise Reduces Demand for DeFi Among Regular Users

According to information from CoinMetrics reports, the growing transaction fees on the Ethereum blockchain, which grew by 500% in a month, makes DeFi applications available only to whales, limiting retail users.

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Market Wrap: Bitcoin Sinks to $11.6K as Ether’s Gas Keeps Rising

As bitcoin’s price falls, Ethereum’s fees rise.

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Ethereum-Based DEX Uniswap Generates Half of Bitcoin’s Total Transaction Fees

In a show of dominance, the total transaction fees generated by Uniswap — a leading Ethereum-based decentralized exchange (DEX), is approximately 50 percent of Bitcoin’s. The Rise and Rise of Uniswap In a tweet posted on Aug 19 to highlight and contrast between the developments of Ethereum and Bitcoin, the metric goes on to show thereRead MoreRead More.

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High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’

Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April.

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Ethereum Gas Fees Dips Amid Easing Network Congestion

The smart contract platform’s gas fees finally seem to be dipping as network congestion shows signs of easing. Ethereum Network Congestion Easing The months of June and July witnessed unprecedented transaction activity on the Ethereum (ETH) network, buoyed by the astronomical rise in popularity of decentralized finance (DeFi) protocols such as Uniswap, Aave, Compound, andRead MoreRead More.

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Bitcoin Transaction Fees Surge as Demand for the Network Rockets Higher

Demand for the Bitcoin network is beginning to take off, with the crypto’s ongoing price rise being the likely suspect behind this sudden uptick. This has resulted in the cryptocurrency seeing a massive spike in its transaction fees, which have nearly reached the yearly highs that were set just after the mining rewards halving event […]

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Cryptocurrency News Roundup for July 29, 2020

The steep rise in gas fees is becoming increasingly worrisome for the Ethereum community. Investors, exchanges, and developers are desperately on the lookout for a solution, lest rival smart contract blockchains such as Cardano and EOS use this opportunity to carve out an edge.

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Ethereum Miners’ Income Soars by 60% in a Month and Outruns Ether’s Price Jump

Ethereum miners may have benefited the most from ether’s recent price rise and soaring transaction fees.

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Ethereum’s co-founder calls for change for high fees

With Ethereum fees on the rise, Vitalik Buterin tweeted a warning on how this...

The post Ethereum’s co-founder calls for change for high fees appeared first on Coin Journal.

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0x token holders vote on reduced fees

Voting has begun on the 0x (ZRX) governance platform for a new improvement proposal to reduce transaction fees on the network. The proposal is driven by the recent rise in gas prices on the Ethereum platform.

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Bitcoin Transaction Fees Continue to Spike After Halving

The average transaction fee using Bitcoin is now around $4 and has continued to climb since the last days of April. For comparison, on April 28, the average transaction fee was only $0. 664. Despite an increase in SegWit adoption and transaction batching by exchanges, Bitcoin’s average transaction fees continue to rise.

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Bitcoin Fees Rise to $5 as Blocksize Reaches All Time High

Bitcoin fees have risen this month by 10x from 50 cent to now just above five dollars with bitcoin miners receiving around $1.5 million a day from transaction fees. That’s... The post Bitcoin Fees Rise to $5 as Blocksize Reaches All Time High appeared first on Trustnodes.

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$8 Million Ether Sold for Free Through Maker

Black Thursday had been one of the worst days for the crypto community that recorded the violent sell-off across the market. But not only did the prices crash severely, for Ethereum it also resulted in Network congestion, a rise in fees, increased gas price, and liquidation issues with decentralized finance (DeFi) products. As per cryptanalysis firm […]

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Bitcoin Storage Costs On The Rise, Now At 2.1% Annually Plus Transaction Fees

Bitcoin storage costs have been increasing steadily in the last few years and at the moment it is estimated to be 2.1% per year for Bitcoin, reported BTC developer Tamas Blummer. According to an independent Bitcoin developer and researcher, Tamas Blummer, the costs of storing Bitcoin is mostly overlooked. In a post published by Medium, […]

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Ethereum Price Analysis - Fees rise with clogged network, miners respond by raising gas limit

Fees have been rising, despite declining transactions per day, because of a lack of efficient scaling methods. This week, miners voted to increase gas limits by 25%. Overall, fees are lower than during much of 2018.

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Why Ethereum Briefly Overtook Bitcoin in Daily Transaction Fees

Ethereum transaction fees are back on the rise and they're gaining parity with those of bitcoin. Here's why.

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Ethereum (ETH) Fees Go Even Steeper

With high network load from a few apps, even regular transactions see their fees rise.

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Ethereum Developers Test More Capacity As Network Gets Congested and Fees Rise

The Ethereum network is too clogged these days. This one of the most unfortunate side-effects of creating a successful network. As time passes, they tend to become too clogged and slow for their own good and people start to abandon them.

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Calls Rise For Blocksize Increase as Ethereum Fees Near 10 Cent

Etherans are calling on miners to increase ethereum’s version of the blocksize, the gas limit, amid congestion on the network following increased demand. Fees have risen to $0. 075 for a. .

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Pinching Pennies? Send Bitcoin On Sunday Afternoons For Lower Fees

Bitcoin’s fees are on the rise. Between May and August, the average transaction cost has wavered between $2 and $6. Most people don’t spend Bitcoin often enough to notice, but if you’re sending money home every week, those satoshis add up – especially since the average transaction cost less than $0.

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More Gold Coin Airdrop Causes Spike In Ethereum Gas Price

According to data from Etherscan, the More Gold Coin project has airdropped its token to over 360,000 addresses, clogging the Ethereum network and causing gas fees to rise to 20 gwei, or about 10 cents.

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Bitcoin Fees On The Rise, BitMEX & Coinbase Should Batch Txs: Bitrefill CEO

Bitcoin Fees On The Rise With the uptick in the Bitcoin (BTC) price, transaction fees have been on the rise again. While users could send transactions with a $0.03 fee at the bottom of the... The post Bitcoin Fees On The Rise, BitMEX & Coinbase Should Batch Txs: Bitrefill CEO appeared first on Ethereum World News.

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Is Ripple Primed to Disrupt the $600 Billion Global Banking Market with Its XRP Cryptocurrency?

According to statistical data available online, the tx fees currently being imposed by traditional remittance operators on their clients stack up to a whopping $30 billion each year. With the adoption of crypto-based intl.

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Bitcoin [BTC]: Post-bull run BTC transactions on a decline, signs of slowing down?

Since Bitcoin began its touted bull run on the back of a massive April ascendance over $5,000, positive signs for the entire market began sprouting. Altcoins saw a massive rise as the king coin’s market dominance rose above 60 percent and the transaction fees grew over eight times compared to its peers.

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Bitcoin [BTC] transaction fees rise significantly despite fall in prices

Bitcoin [BTC], after crossing the $8,000 mark on May 16, 2019, fell to $7,295, losing 9. 64% in value over the last 24 hours, at press time. Although the bears were ravaging the crypto-market, the daily average transaction fee for Bitcoin shot up to $4.

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Maker (MKR) Not Making It: Interest Rates Rise, Price Tanks

The Maker DAO is showing signs of weakness, with the DAI losing its stability this March, before significant hikes in fees.

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BTC Volume Nears 2017 Highs, Transaction Fees Are Also On The Rise

One of Diar. co’s latest reports suggests that SegWit has been working. According to the data presented, BTC transaction volume is near where it was when the digital asset’s price jumped to $20,000 back in December of 2017.

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Bitcoin Mining Profits Experienced Substantial Increase in April: Report

Out of the $291 mln Bitcoin miners earned in April, $14 mln was solely attributed to the network fees that continue to rise   

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Ethereum Gas Fees: Why Vitalik Buterin Might be Right or Wrong With His Proposals

Ethereum is the leading smart contract platform globally and it gave rise to the ICO world. The inventor of Ethereum is Vitalik Buterin, and he is in the eye of the storm for proposing new wallet fees.

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MakerDAO Fees Continue To Rise With New Governance Decision

MakerDAO is a platform that allows you to use your Ethereum tokens as collateral; this process creates dollar-pegged Dai tokens that are loaned to you. Recently, MakerDAO has been trying to keep Dai’s value stable by increasing the interest rates that users pay.

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April’s Bitcoin Price Surge Results in Direct Increase for BTC Blockchain Transaction Fees

The transaction fees of Bitcoin is on the rise again, after successfully hovering around the $0.50 mark over the last six months. Data obtained from Bitinfocharts on April 18, 2019, shows that average fees hit their highest levels in nearly a year in early April, and ever since then, average fees have swelled to around […]

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Bitcoin Fees Jump to Nearly 1-Year Highs – But Why?

The average fees required to send a bitcoin transaction are on the rise again, hitting their highest level in nearly a year in early April.

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MakerDAO Ready to See a Rise in Fees Above 11% In Order to Stabilize the Stablecoin (DAI)

MakerDAO users will be approving a fee increase in the network that would increase the cost of the DAI stablecoin. There have been five different options to MakerDAO token holders that suggest a range of possible increases to the so-call stability fee.

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Why Bitcoin Lightning Network and all off-chain solutions do NOT make you immune to on-chain fee

There are Bitcoin off-chain scalable solutions such as the Lightning Network, but that would not make you immune to on-chain transaction fees which are expected to rise over time as blocks become full.

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Study Predicts Bitcoin Could Become Leading Payment System Within Decade

A new report by the software firm DataLight predicted that Bitcoin could become the world’s top payment system within the next decade if it maintains its current growth rate.

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Growing interest in BTC, Bitcoin transaction fees up over 500%

The explosion in BTC trading has caused transaction fees for the cryptocurrency to skyrocket. The latest blockchain data shows that Bitcoin transaction fees have increased over 500 percent since the start of the year, with many lower-fee transactions taking hours before being finalized.

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How to Monitor Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV) Transaction Fees in 2019

High transaction fees across traditional markets have hampered the system’s growth in some quarters as users find the costs unattainable and extremely unprofitable. The rise of blockchains in the past decade, however, gives users the freedom to spend their currencies at the lowest possible fees as the system relies on peer to peer transactions without […]

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Is VeriBlock to Blame for the 500% Rise in Bitcoin Transaction Fees?

In the cryptocurrency world, transaction fees can make or break any project. While some projects try to maintain a zero-fee transaction structure, the vast majority of them tend to charge a small amount for miners to include transactions in blocks.

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Stellar Price Analysis - Fees rising substantially

Fundamental network metrics for XLM show fees rising substantially with no significant rise in transactions per day, which may point to a scaling issue in the near future.

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Ethereum (ETH) Gas Usage Once Again Reaches Nearly 100% of Block Limit

Usage on the Ethereum network is on the rise again, with transaction fees becoming an important source of revenues for miners.

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Anonymous user sends 0.0002 BTC and pays 1.99 BTC in Fees!

Some days ago, Ethereum World News reported that an anonymous user made several transactions from their personal wallet, with enormous fees. What at one point seemed to be a mistake soon gave rise to a.

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Cannabis Stock Short Sellers are Getting Smoked, Lose $1.7 Billion in 2019

It’s been a great year for cannabis stock investors, but cannabis short sellers are getting burned. Not only are short sellers enduring heavy paper losses as cannabis share prices surge higher, a new report by financial technology and analytics firm S3 Partners suggests the fees to maintain open short positions are on the rise.

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Bitcoin (BTC) Transaction Fees Continue Declining Despite Trading Volumes Being on the Rise

Why are Bitcoin transaction volumes going through the roof while transaction fees continue plunging?

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Will vRam Make EOS Cheap For Developers?

Scalability has long haunted blockchain. As user activity and dApp development continue to increase, transaction times rise alongside fees, creating a constant pain-point for users and developers.

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Bitcoin’s Network Just Experienced Its Second Largest Downward Adjustment

As the market continues to tumble (and mining profits have dwindled), Bitcoin’s mining difficulty dropped by its largest percentile in seven years — the second largest downward correction in the cryptocurrency’s lifetime.

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Poloniex Removes Trading Fees For Circle’s USD Coin (USDC) Stablecoin

November will be the month of USD Coin (USDC). After being listed in Coinbase and becoming one of the most important assets of the moment, USDC is on the rise and it looks like nothing will ever stop it.

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Litecoin (LTC) Transaction Fees To Be Drastically Slashed, Dev Calls For Adoption

Litecoin Tx Fees To Be Reduced By 10x In Upcoming Core Release Since fees temporarily eclipsed $50 per Bitcoin transaction at the peak of 2017’s unprecedented bull run, which saw BTC rise from $1,000 to $20,000 in a 12-month time span, the topic of scaling solutions and reducing transaction (tx) fees have been on the minds […] The post Litecoin (LTC) Transaction Fees To Be Drastically Slashed, Dev Calls For Adoption appeared first on Ethereum World News.

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Ethereum Transactions Rise as Fees Fall Below One Cent

Ethereum’s transaction numbers have risen to just about 600,000 from a recent low of 434,000 during a 24 hours period. They have now returned to the levels of early September,... The post Ethereum Transactions Rise as Fees Fall Below One Cent appeared first on Trustnodes.

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Federal Election Committee Asked to Consider Crypto Mining for Political Contributions

OsiaNetwork LLC has reached out to the Federal Election Committee (FEC) in the hopes that it will allow computer sharing for crypto mining for campaign donations. Osia says it would like to be the platform in which volunteers share their computer power to mine cryptocurrencies, which are then donated to political campaigns of their choice.

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