Thursday, December 7, 2023
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Unknown holder paid $3.14m in BTC transfer fees, the highest ever recorded

On Nov. 23 an unknown Bitcoin owner sent 139.4 BTC to AntPool, triggering over $3 million in fees. According to journalist Colin Wu, the transaction fee was 83.65 BTC. According to mempool, today bc1qn3d…wekrnl paid a fee of 83.65 BTC (approximately $3.136 million) when transferring 139.42 BTC to bc1qyf…km36t4, and finally

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Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns

Average daily transaction fees on Bitcoin (BTC)  have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $8.43, according to BitInfoChart data. Bitcoin’s average daily

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Ethereum, Bitcoin users reignite scalability debate as gas fees surge

A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s.Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees

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