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“# Bitcoin fees remain low despite price surge but Vitalik says they could soar ” Despite Bitcoin’s surge to re-test its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low. The current fees of around $3.50 per transaction starkly contrast with three years ago, when the…
“# Crypto users speak out on proposed change to FinCEN Travel Rule ” Since the U.S. Federal Reserve and Financial Crimes Enforcement Network opened a proposed rule to acquire more information on smaller international transactions, many crypto users have labeled the measure as an invasion of privacy. On Oct. 23, the regulatory agencies published a…
“# Tether market cap surpasses $17 billion, fueling Bitcoin price rally ” According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets. Tether’s market cap has been growing exponentially in 2020. As of mid-September, Tether’s market cap saw nearly…
“# 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…
“# Ethereum fees declining as DeFi markets cool ” The DeFi bubble seems to be slowing down in the last months of 202, with fees and confirmation times retreating back to less formidable levels. “ETH fees are way down suggesting the DeFi madness has abated for now,” Josh Olszewicz, also known as CarpeNoctom on Twitter, told…
“# Australian senator says blockchain can make financial compliance easier ” Australian Liberal Senator Andrew Bragg thinks that blockchain technology can solve a number of major regulatory issues in his home country. According to Bragg, blockchain technology could become a useful tool in reducing complications associated with financial regulatory compliance and transparency. “The future is…
“# Coinbase, Gemini and others join forces to combat human trafficking ” Cryptocurrency exchanges Coinbase, Paxful, Gemini and BitFinex have all joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC. Launched in April 2020 by the Anti-Human Trafficking Intelligence Initiative, the consortium is a nonprofit focused on intelligence sharing, best practices and the development of tools…
“# China’s digital yuan pilots have processed $300M so far, says PBoC head ” The governor of China’s central bank has given more details about the country’s ongoing digital currency pilot. Yi Gang, governor of the People’s Bank of China, said that the digital yuan pilots have processed over four million transactions to date, totaling…
“# Unconfirmed transactions on Bitcoin network at highest level since 2017 ” The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions. According to mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of…
“# Whale alert — crypto user moves $1.1B in Bitcoin ” With Bitcoin’s price continuing to hold close to $13,000, one anonymous trader decided now was the time to move more than $1 billion of the digital asset. According to on-chain data, a Bitcoin (BTC) trader moved more than 88,857 BTC — worth roughly $1.14 billion…