Ethereum transaction fees drop dramatically - here's the reason

The average cost of settling transactions over the week was just $1.13. ETH holdings continued to leave exchanges for self-custody. Once notorious for charging high fees for processing transThe post Ethereum transaction fees drop dramatically - here's the reason appeared first on AMBCrypto.

179 +

Ethereum Transaction Fees Near One-Year Lows, Good News For Price?

Ethereum still boasts one of the highest transaction volumes in the crypto space but recently, the blockchain has been seeing a decline in its transaction fees. The fees decline significantly which has been a welcome development for users of the network.

207 +

Data: Bitcoin Transaction Fees Registers Unusually Low Values For 7th Straight Month

Data shows the Bitcoin transaction fees has been abnormally low since July of last year, not showing any signs of recovery for the seventh consecutive month. Bitcoin Transaction Fees Remains Low For 7th Straight Month As per the latest weekly report from Arcane Research, the BTC transaction fees is still not showing any signs of […]

128 +

Bitcoin Transaction Fees Hit One-Year Lows, How Does This Affect The Price?

Bitcoin transaction fees are usually an indication of how holders are moving their coins around. When the network gets congested due to a high number of transactions, the transaction fees go up, indicating a high volume of traffic on the network.

193 +

Ethereum Transaction Fees Rising Hints At DeFi Season Round Two

Over the summer months, Ethereum transaction fees ran hot, causing the DeFi trend and Uniswap token swapping boom to finally run out of steam. But as transaction fees begin to pick up again after a period of inactivity and downtrend, could it be a signal that another phase of DeFi dominance is about to start? […]

275 +

Ethereum Is Making it Hard for Retail Investors to Enjoy the DeFi Craze

Average Ether transaction fees skyrocketed to $7. 3 on August 13, as per Ycharts. The total daily transaction fees on the network topped at $6. 87 million, eclipsing the previous all-time high of $4.

337 +

Ethereum’s daily transaction fees hits $6.8m

Average fees hit $7.40, the highest it has ever been, pushing total daily transaction...

The post Ethereum’s daily transaction fees hits $6.8m appeared first on Coin Journal.

240 +

Ethereum fees reach highest level ever seen as user pays $2.5 million to send $133

Ethereum transaction fees have reached the highest level at $2,631,127 following a single transaction in which $2. 5 million was paid as fees. According to Glassnode, this far exceeds anything ever recorded as transaction fees on the network.

152 +

Bitcoin transaction fees jump three-fold after halving

The bitcoin network demonstrates a sharp increase in transaction fees. Within nine days after the halving, miners earned almost 50% more on transaction fees than in the whole April.

287 +

Bitcoin Transaction Fees at Highest Level Since Summer 2019

Bitcoin is seeing an uptick in transaction fees in the past few weeks, now on similar levels to fees during the summer of 2019. During periods of increased activity on Bitcoin’s network, transaction fees tend to spike.

264 +

Average BTC Transaction Fees Drop by massive 30%

Bitcoin (BTC) average transaction fees have dropped over 30%, after peaking at $3. 19 on May 8 Transaction fees on the Bitcoin networked are averaging at $1. 92 today, just hours before the Bitcoin halving.

218 +

Roger Ver Claims He Routinely Paid ‘$1K in Fees’ for a Single BTC Transaction

Roger Ver claimed in a video recently that he has paid $1,000 in BTC fees for a single transaction many times in the past. We have often heard of BTC transaction fees being high when the network is experiencing strain.

278 +

Ethereum Is Overtaking Bitcoin In Daily Transaction Fees; Is USDt’s Omni to ERC20 Switch The Cause?

Ethereum is inches away from overtaking BTC in daily transaction fees — in comparison to BTC’s $185,993 on Sept. 15, ETH had $182,899 daily transaction fees. However, it won’t be the first time. Transaction fees represent real network demand and usage but some argue high fees could be detrimental to a crypto network. However, in […]

210 +

How to Check Median BTC and BCH Transaction Fees

Transaction fees are the cost that cryptocurrency users have to bear in order to keep the system going. Fees can vary significantly between networks and it is important to be able to check this before you decide which cryptocurrency to use for making your digital payments.

204 +

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.

232 +

6 Cryptocurrencies With Cheaper Transaction Fees Than Venmo

In the financial industry, transaction fees are always considered to be a very big problem. Although Venmo always had relatively low transaction fees, that has now come to change. The company will charge a flat 1% on all amounts, which makes the following six cryptocurrencies a lot cheaper to use.

195 +

TRON New Payment System To Bring TRX To Mainstream

The use of digital currency in payments for goods and services has hit various hurdles as was seen with LitePay closing as did FuzeX recently delaying the launch of their highly anticipated debit cards.

249 +

Robinhood Introduces Clearing, New System With Lower Fees

Very few start-ups have had as much success in both stocks and digital currencies as Robinhood has. The trading app allows its users to trade in traditional and digital securities without paying hefty transaction fees, simplifying the user experience.

254 +

Why 100k Could Be The Limit For Bitcoin?

Earlier this week an article was published which discussed how Bitcoins valuation could be set to 100k at most. As we know, the upper limit for BTC is currently set at $20k, an all time high that has not yet been matched since the cryptocurrency boom of late 2017.

346 +

Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

446 +

Korean Crypto Exchange Sued for Controversial Token Schemes

A lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The suit alleges that Cashierest’s token which pays dividends and rebates transaction fees to investors violates the country’s capital markets law.

160 +

eToro Slashes Crypto Costs To Increase Mass Adoption

eToro has announced a huge slash in the transaction fees of crypto assets as part of an ongoing effort to increase awareness of the potential of crypto and blockchain. The platform hopes to make crypto more accessible to retail investors and reduce the financial burden for those interested in crypto investment with this move.

233 +

Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS

Justin Sun, CEO of eleventh-ranked cryptocurrency TRON, took to Twitter this week to lay down some big claims for his platform’s latest ‘Odyssey 3.1′ update. The new upgrade has been promised to drastically reduce transaction costs to 1 percent of EOS’ current fees, while ramping up TRON’s network speeds to 200 times faster than leading… The post Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS appeared first on UNHASHED.

283 +

Bitcoin miners hit $4.7B in revenue this year, but its becoming unprofitable

Bitcoin miners have raised over $4. 7 billion in revenue so far this year, but rising electricity prices have rendered cryptocurrency mining almost completely unprofitable, even for the world’s biggest pools.

267 +

Ethereum (ETH) Transaction Fees Now Below One Cent

On Oct. 6, Ethereum transactions reached a daily average of 600,000 as network fees and ETH prices decreased. Just last month, the network saw faltering transaction rates and the drop of a yearly-low of 434,000, reported Trustnodes on Oct.

222 +

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.

171 +

Lightning Network is Satoshi Nakamoto’s Vision for Bitcoin: Charlie Lee

Roger Ver, who founded Bitcoin. com was formerly a strong Bitcoin enthusiasts, until he lost interest in Bitcoin after it’s transaction fees went high and the duration for confirmation of transactions getting longer, which led to the hard forking of Bitcoin to Bitcoin Cash in the third quarter of last year.

167 +

Coinbase Implements “Child Pays for Parent” Protocol to Mitigate Bitcoin Fees

In a Medium post published October 2, 2018, Coinbase explained why their engineering team is taking another look at the established Child Pays for Parent technique to make sending and receiving bitcoin a more consistent experience.

242 +

SVP of Xpring Ethan Beard Says Ripple Wants to Invest in Blockchain

Ripple is one of the most active and important companies in the cryptocurrency industry. It has been providing services and products to financial institutions to process they cross-border transactions.

183 +

Coinbase рассказала о системе для высвобождения «застрявших» bitcoin-платежей

Американская криптовалютная биржа Coinbase, базирующаяся в Сан-Франциско, рассказала о проблеме, связанной с «застрявшими» bitcoin-платежами, и путях ее решения. Высвободить такие платежи помогает система Child Pays for Parent (CPFP), созданная площадкой.

146 +

Coinbase Set to Speed Up Bitcoin Payments Introducing ‘Child Pays for Parent’ System

U.S. based crypto exchange Coinbase is rolling out Child Pays for Parent system, which will use higher fees as an incentive for miners to push through a transaction. The post Coinbase Set to Speed Up Bitcoin Payments Introducing ‘Child Pays for Parent’ System appeared first on CoinSpeaker.

231 +

Bitcoin Reliability to Improve through Child Pays for Parent, Says Coinbase

Sending and receiving cryptos such as Bitcoin today is increasingly becoming difficult. As transaction fees remain unstable and volatile, it does take a long time for transactions to be confirmed.

226 +

In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

1365 +

Ripple Launches New Tech for Cross-Border Transactions

Global liquidity has long been a problem for cross-border payments in all regions across the world, especially in South Eastern nations. This has resulted in high transaction fees, inefficient transaction processes, and longer transaction confirmation time.

180 +

The Lightning Network and Litecoin (LTC) can Drive Everyday Crypto Payments and Spending

The Lightning Network was created to be the answer to Bitcoin’s slow transaction time and high fees.  Without this improvement in speed and efficiency, everyday spending is impractical. It doesn’t make sense to buy something for only a few dollars if the fees are double or even triple of the price of the item you […] The post The Lightning Network and Litecoin (LTC) can Drive Everyday Crypto Payments and Spending appeared first on ZyCrypto.

205 +

PR: Bithumb to Hold Transaction Fee Payback Promotion for Overseas Users

Refund benefits for KRW 1 Billion transactions in a limited time from September 20 Bithumb, a global cryptocurrency exchange will offer overseas users an event to payback 70% of transaction fees as an expression of appreciation for their support and loyalty.

271 +

Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

Think you know the ins-and-outs of bitcoin? Test yourself with 30 questions that grill you on Bitcoin’s history, technology and politics. The 30 questions are split up into three segments ranging from novice to intermediate to expert, and cover a wide range of topics across the Bitcoin landscape.

1214 +

Monero Developers Disclose Catastrophic XMR-Burning Bug in Wallets

Monero developers just publicly disclosed a potentially devastating XMR-burning bug. If exploited, the bug would have allowed attackers to drain Monero from exchange wallets for the cost of a few transaction fees.

186 +

Battle of the Privacycoins: Zcash Is Groundbreaking (If You Trust It)

Based on blockchain technology, most cryptocurrencies have an open and public ledger of transactions. While this is required for these system to work, it comes with a significant downside: privacy is often quite limited.

398 +

Devs disclose critical XMR-burning bug in Monero wallets

Monero developers have disclosed a major bug that could really have been nasty. Until now, attackers could have drained Monero from exchanges (or any organizational wallet), all for the cost of a few transaction fees.

206 +

Kraken: An Overview of One of Europe's Top Bitcoin Exchanges

In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.

1035 +

PR: iCoinbay Rolls Out Trading Premium Gain Plan

iCoinbay released a new trading campaign entitled [Trading Premium Gain]; iCoinbay is a tokenized, community-based digital asset exchange. This new campaign allows traders who use the platform to increase their earnings through normal trading activities.

128 +

Top 6 Cryptocurrencies With the Highest Median Fees

Transaction fees can make or break any cryptocurrency on the market today. Top currencies have often struggled to keep a low fee with the amount of transactions on the network. The following six currencies are ranked by increasing network fees as recorded by OnChainFX over the past 24 hours.

153 +

Op Ed: Why Your Financial Advisor Won't Talk to You About Bitcoin

Bitcoin is in the news, and we’ve all seen the stories about early investors who’ve made millions and driven away in new lambos. So it’s only natural that people who haven’t invested already are wondering if they should.

827 +

Disturbing Report: Using Banks Is 300 Times More Expensive Than Transacting With Bitcoin

transaction fees, especially with Bitcoin, are flat-rate –regardless of the amount being transacted. With banks, the more money being transacted, the higher the fees. The post Disturbing Report: Using Banks Is 300 Times More Expensive Than Transacting With Bitcoin appeared first on Ethereum World News.

198 +

What is Nano? Introduction to Bitcoin’s Speedy Competitor

What Is Nano? Nano is a digital currency designed for speed and efficiency. It’s widely-considered to have solved some of the problems that have plagued the Bitcoin blockchain, because it doesn’t contain the information from the entire chain every time it processes a transaction.

170 +

Crypto Startup Reels in Twitch Executive to Spearhead Adoption Strategies

Kin Ecosystem Foundation, the nonprofit governance organization for the Kin cryptocurrency, has announced the appointment of Matthew DiPietro as its chief marketing officer (CMO) today, September 18, 2018.

532 +

Are Cryptocurrencies Causing Menace in the Online Markets?

Trading with cryptocurrency has become the new trend for shopping online. Many companies including PayPal subway, overstock, just to mention but a few have accepted transactions with cryptocurrencies.

159 +

BitGo Gets Approval From State Regulators to Launch Custody Service

BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.

312 +