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” Ethereum average gas fee falls down to $1.57, the lowest since 2020 “ The Ethereum (ETH) ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees or gas fees it requires to complete a transaction. However, with Ethereum’s average gas fees coming down to 0.0015 ETH, the narrative is…
” Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K “ Bitcoin (BTC) visiting the $20,000 range after one and a half years made mining — the most important job of the ecosystem — a costly affair. However, if history were to repeat itself, BTC investors may witness another epic bull run that…
” Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum “ This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap saw a trend reversal and overtook Ethereum regarding network fees paid. However, not all DeFi protocols were as lucky, as Bancor had to pause its…
” Binance U.S. makes BTC trading fee-free as competitors feel the heat “ Crypto exchange Binance.US has removed trading fees for Bitcoin (BTC) spot market trades, following in the footsteps of Robinhood which pioneered no-commission crypto trading in 2018. Brian Shroder, CEO of Binance.US said the move makes the company the first U.S. crypto exchange…
” Synthetix racks up over $1M in daily fees as SNX token value surges 100% “ Layer-2 scaling solution Synthetix recently collaborated with liquidity provider Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC, & sUSD/3CRV, allowing investors to cheaply convert synths such as sETH to Ether (ETH). Given the investors’ willingness to hold tokens…
“Whole Foods customers sue Amazon for axing free delivery” Whole Foods customers have slapped Amazon with a pair of lawsuits claiming that the web giant ripped them off when it yanked a free delivery perk at the pricey grocer. The proposed class-action lawsuits filed in US District Court in Seattle allege that Amazon improperly tacked…
” Innovation in fiat on-ramps can overcome crypto’s expensive card fees “ Being in crypto is all about taking an intelligent view towards money. We know that Bitcoin (BTC) is the future, both as a store of value and also as a means of payment, as layer 2 solutions such as the Lightning Network begin…
” Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH “ Unwithered by the ongoing bear market, Bitcoin’s (BTC) underlying architecture continues to outperform itself — further securing, decentralizing and speeding up the impenetrable peer-to-peer network. The same holds true for the Bitcoin Lightning Network (LN). The Bitcoin Lightning Network capacity attained an all-time high…
” Ethereum’s popularity ‘a double-edged sword’ — a16z’s State of Crypto Report “ Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum is “unmatched” despite the network’s high transaction fees. The firm does warn, however, that its “popularity is also a double-edged sword” given Ethereum prioritizes decentralization over scaling,…
” Vitalik: L2 transaction fees need to be under 5c to be ‘truly acceptable’ “ Ethereum (ETH) co-founder Vitalik Buterin believes that Layer-2 transaction fees need to be under $0.05 to be “truly acceptable.” Buterin made the latest comments in response to a Twitter post from the Bankless podcast host Ryan Sean Adams, who shared…