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Major nonfungible token (NFT) marketplace OpenSea announced a massive structuring around lower platform fees and greater creator earnings as competing marketplaces continue to drain away its once dominant user base.On Feb. 18, NFT marketplace Blur surpassed OpenSea in daily Ethereum (ETH) trading volume as users — anticipating greater returns on
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The decentralized futures exchange product has gained a loyal community of users in the past few months. Source
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Bitcoin Ordinals causes fees to spikeThe Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network.The divisive newly launched protocol allows for nonfungible token (NFT)-esque assets on the Bitcoin mainnet by inscribing satoshis with content.So far,
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While the DeFi market has continued to mirror the crypto market rally, more innovations have been introduced to the ecosystem. In today’s news, SushiSwap, the sixth-largest decentralized exchange (DEX) by 24 hours trading volume, has passed a proposal to relocate 100% of its trading fees to the SushiSwap treasury for
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While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the network’s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93 per
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Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New
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Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month.The crypto community has started to grow impatient, noting that Celsius’ lawyer fees have continued to stack up and are eating away at the lender's estate.In
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Binance CEO Changpeng Zhao (CZ) commended the United States business entity and urged them to ‘keep building’.Cryptocurrency exchange Binance.US has announced that registered customers can now use its Pay services at zero cost. In a bid to attract more customers amid the ongoing crypto winter, the largest cryptocurrency exchange by
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Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the median-sized gas fee is around 0.00097 ether or $1.23
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