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“# Citi and IADB complete cross-border payment pilot with blockchain tech ” Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient…
“# Ethereum’s return to all-time high accompanied by 77% rise in transaction fees ” Ether (ETH), the second largest cryptocurrency by market capitalization, returned to an all-time high on April 2 when the spot price for each unit of ETH exceeded $2,000. Meanwhile, the ominous spectre of Ethereum’s unwieldy transaction fees made itself felt once…
“# The Ethereum Improvement Proposal 1559: Is the squeeze worth the juice? ” The Ethereum Improvement Proposal 1559, set to be bundled together with the “London” upgrade in July, has caused as much excitement as fear and panic. On the surface, EIP-1559 is nothing more than a change in Ethereum’s gas fee structure. And to…
“# The promise of smart contract adoption is held back by crypto silos ” The internet is buzzing over recent developments in decentralized finance, or DeFi — smart contracts are hotter than ever. You might think you missed the coronation ceremony, but smart contracts are actually used in only a small corner of the crypto…
“# 3 reasons why Enjin (ENJ) price has rallied 800% over the last month ” Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture. One project that has been well-positioned for years to capitalize on this growing trend…
“# Ethereum’s high gas fee crisis won’t be solved by EIP-1559: Coin Metrics report ” A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem. According to the…
“# Ethereum network in a fee spin: Can the Berlin upgrade save the day? ” Though Ether’s (ETH) value has continued to showcase increasing signs of stability around the $1,800 range over the past fortnight or so, users of the premier altcoin’s network have been faced with rising gas fees as well as increasing network…
“#Google to cut app store fees for developers after Apple move” Alphabet’s Google will cut the service fee that it charges developers on its app store by half for the first $1 million in revenue they earn every year, it said on Tuesday, after a similar move by rival Apple last year. Both the companies…
“# Gas tokens gain 300% as the quest for Ethereum network alternatives expands ” Network congestion and high transaction costs on the Ethereum (ETH) network have been a persistent issue for investors and developers for the past year and this has shone a spotlight on blockchain projects that offer a solution to these issues. One…
“# Binance crypto exchange launches payments app in alpha ” Binance has released its payments app, Binance Pay, in public alpha. The app is a contactless peer-to-peer cryptocurrency payment feature that lets users send and receive payments in cryptos like Bitcoin (BTC). Binance initially rolled out Binance Pay in a soft launch in February 202…