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“# Bitcoin miner revenue surges to pre-halving levels ” As the Bitcoin (BTC) price is reaching the highest levels since January 2018, Bitcoin mining is getting more profitable due to a number of factors. According to data from Blockchain.com, BTC miners revenue has soared to levels not seen since Bitcoin’s third halving in May 2020…
“# ‘I destroyed my life’: Uniswap trader spends $9,500 in fees on $120 transaction ” A clumsy trader claims to have “destroyed” their life after inadvertently paying $9,500 in fees for a $120 transaction on the decentralized exchange (DEX) Uniswap. On Nov. 5, Reddit user ‘ProudBitcoiner’ posted that he had accidentally paid 23.5172 Ether (ETH)…
“# Bitcoin fees spike 198% but Ethereum still more profitable ” Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average. According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently made up of fees, with the other 77.75% coming from block rewards. The share…
“# Almost 1M Ether would have been burnt in past year if fee proposal approved ” The controversial Ethereum Improvement Proposal (EIP) 1559 would have burnt 970,000 Ether (ETH) — with a total value of $360 million — in the last year, if it had been implemented. EIP-1559 seeks to reduce transaction fees by introducing…
“# DeFi market fall showcases how rising TVL doesn’t tell the full story ” The decentralized finance market seems to be deflating after the DeFi summer craze when tokenized versions of Bitcoin and protocols, such as Uniswap and SushiSwap, outperformed the rest of the market. Earlier in October, the two main DeFi indices, Binance’s DeFi…
“# Ethereum’s fees higher than Bitcoin’s for a record two straight months ” Ethereum (ETH) transaction fees have exceeded those on the Bitcoin (BTC) network for two months straight. Crypto market data aggregator Messari tweeted about the streak on October 8, noting it is the longest period that Ethereum’s transaction fee revenue has exceeded Bitcoin’s…
“#Facebook gets temporary exemptions from Apple App Store fees” Facebook said Friday that businesses running paid online events on its iOS app would not need to pay a 30 percent fee to Apple for the remainder of 2020, temporarily defusing a standoff between the two tech giants. The social media company said in a blog…