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Ethereum network fees are currently at their lowest point in 2023. The Ethereum (ETH) blockchain witnessed a significant reduction in network fees, with users paying a mere $1.15 per transaction, Santiment data shows. The current decline in Ethereum’s transaction fees carries with it a historical pattern that bodes well for the
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In recent weeks, Ethereum (ETH), one of the most valuable assets in the cryptocurrency market, has not enjoyed favorable sentiment due to its struggling price and unstable on-chain performance. The general market condition has not offered much reprieve either, as most altcoins have failed to maintain an upward momentum. Fortunately, the
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A cryptocurrency wallet associated with the prominent trading platform, Binance, has seen massive activity in the last 24 hours, leading to abnormally
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A crypto wallet belonging to trading platform Binance has spent 530 Ether (ETH), worth around $843,797, in gas fees in just 24 hours, according to blockchain data explorer Etherscan. On Sept. 21, gas fees on the Ethereum network went from a minimum of 6 gwei, which is around $0.17, up to
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On Monday, London High Court Justice Richard Smith dismissed Cøbra's appeal on the November ruling saying that, although there are several reasons why parties would legally request anonymity, including threat to life, Cøbra's reasons for not identifying themselves seemed "not only unworkable but also risked undermining the very principles of
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A Bitcoin miner who mistakenly received the 19.8 BTC in fees returned the funds to the New York-based regulated blockchain, Paxos. On Sept. 10, a BTC transaction that moved only nearly $2,000 had a payment fee of $500,000. Later, on Sept. 13, it was revealed that Paxos made the transaction. The company
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The asset management industry is expected to push beyond bitcoin and ether into areas including other top blockchains, such as Solana and Polygon, and even leading decentralized finance (DeFi) assets, the note said. DeFi is an umbrella term used for lending, trading and other financial activities carried out on a
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The total daily fees, paid by users for executing transactions on Ethereum, fell to 1,719 ETH ($2.8 million) on Sunday, the lowest single-day total since Dec. 26, according to data tracked by South Korea-based blockchain analytics firm CryptoQuant. The tally is down 89% from the year-to-date high of 16,720 ETH
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Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared "dead" by critics, following a recent drop in key metrics such as activity, inflows and volume.Friend.tech had a buzzy beta version launch on Coinbase’s layer-2 Base on Aug. 11. A week later, its fees surpassed
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Earnings on the decentralized social platform Friend.tech plummeted in tandem with its number of daily users. According to the latest data from DeFiLlama, Friend.tech’s earnings started to fall, with more than 70% lower fees by the end
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