Since EIP-1559 went into effect, over $4 billion in transaction fees have been destroyed by the Ethereum network.
Category Archives: Coins
War Over Ethereum Gas Fees and Usability Continues
Ethereum gas fees remain stubbornly high. Some are jumping ship, while others warn against what they see as centralized alternatives.
Avalanche Slides into Top 10 as Ethereum Users Complain About Gas Fees
People are looking for alternatives to Ethereum and Avalanche’s cheap and fast blockchain offers an enticing alternative.
This Week on Crypto Twitter: Ethereum Gas Riots After ConstitutionDAO Loses the Bid
This week: rising Ethereum gas fees have outraged crypto fans, ConstitutionDAO has to work out how to refund lots of people their donations plus gas fees, and a popular new NFT project has received allegations of racism… and theft!
This Week in Coins: Bitcoin Slides Under $60K While Avalanche Sets New ATH
Bearish news from China and the U.S. erased the gains that Bitcoin and Ethereum had made this month. Meanwhile, Avalanche set a new ATH.
Zcash Price Jumps 29% After Devs Announce Shift to Proof-of-Stake
The creators of Zcash believe that privacy coins will be a big part of the next iteration of the internet.
ConstitutionDAO Lost Auction to Anti-Bitcoin Citadel CEO Ken Griffin
ConstitutionDAO raised over $40 million in ETH to buy one of America’s founding documents. It couldn’t beat Citadel CEO Ken Griffin.
Confusion Sets in After ConstitutionDAO Fails to Win Sotheby's Auction
ConstitutionDAO raised over $45 million in Ethereum to buy an original first printing of the U.S. Constitution at auction.
Cosmos, Solana Ventures Join $725M Series B for Crypto Gaming Platform Forte
Crypto gaming startup Forte today announced it has taken in $725 million in Series B financing, adding to its haul of $185 million from a Series A round this May. Sea Capital and Kora Management led the funding round, with recognizable players such as Andreessen Horowitz, Animoca Brands, and Warner Music Group also participating. …
Continue reading “Cosmos, Solana Ventures Join $725M Series B for Crypto Gaming Platform Forte”
Turkish Exchange Thodex Sent $125M in Bitcoin to Kraken Before Closing: Report
Between August 2020 and February 2021, roughly 5,000 Bitcoin worth an estimated $125 million at the time of trading (and over $280 million in today’s value), left wallets owned by now-shuttered Turkish exchange Thodex and landed in US exchange Kraken, according to Israel-based blockchain tracking firm Whitestream. Whitestream, which has contracts with the Israeli Defense …
Continue reading “Turkish Exchange Thodex Sent $125M in Bitcoin to Kraken Before Closing: Report”
$3.6 Billion in Bitcoin Options Expire Friday. Here’s What That Means
About $3.6 billion in Bitcoin options are due to expire tomorrow, giving speculators their last chance to either buy the asset at a predetermined price or sell. If many investors choose the latter, expect to see more Bitcoin available in the market. If they exercise their option, it could push the price up. Data from …
Continue reading “$3.6 Billion in Bitcoin Options Expire Friday. Here’s What That Means”