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Nonfungible token (NFT) marketplace LooksRare has upgraded to version 2, reducing fees by 75% and implementing several other features, according to an April 6 announcement from the company. ! Rolled out rn:- Fee dropped to 0.5%- Gas 50% cheaper than Blur- One-signature bulk listing- Buy 70+
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Coinbase reported that crypto assets like BTC and ETH could help Americans cut the cost of sending money internally, which contributes to the high remittance fees. American crypto company Coinbase (NASDAQ: COIN) explained in a recent report how crypto could help Americans save millions in remittance fees. According to the crypto
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A recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t apply to similar transactions conducted using cryptocurrency. According to the exchange’s research, “The US average fee rate of 6.18%, means Americans' average yearly spend is likely close to $12 billion on
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The PancakeSwap DEX Version 3 also looks to introduce a “VIP” trading rewards program and a position manager feature down the stretch. PancakeSwap DEX has launched Version 3 on Ethereum and BNB Chain, offering improved performance and lower fees. According to reports, Version 3 introduces four different trading fee tiers of the
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In March 2023, Bitcoin’s average and median-sized fees jumped more than 40% higher after rising 122% in 10 days during the first week of February. The fees have followed the Ordinal inscription trend as more than 662,000 inscriptions reside on the Bitcoin blockchain, and 150 bitcoin worth $4.2 million
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Synthetix generated more than $730K in fees on March 30 ahead of the start of its allocation of 200,000 OP tokens to traders. Original Source
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Sam Bankman Fried’s new petition to have his legal expenses reimbursed has been met with fierce objection from lawyers representing the crypto exchange and its creditors committee.As per previous reporting by Cointelegraph, Bankman-Fried’s lawyers had filed a motion on March 15 seeking to have his court costs covered by directors
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As a result of the increased interest in digital collectibles sparked by replicas of a top NFT line, the total number of bitcoin ordinals has already surpassed 550,000. According to a study published by Dune Analytics, the total daily transaction costs for minting bitcoin ordinal inscriptions hit a new all-time high
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Fees are a function of transaction size and network volumes (how congested the network is). Transactions are processed in blocks, storing up to 1 megabyte of data. Hence, a sudden spike in activity often leads to network congestion – transactions waiting to get verified. In such situations, miners target transactions
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According to statistics, there are now more than 500,000 Ordinal inscriptions on the Bitcoin blockchain as the trend continues to gain significant traction. Onchain data also shows that since inscriptions started gaining popularity last month, Bitcoin miners have obtained 98 bitcoins worth $2.66 million in added fees. The Rise of Ordinal
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