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An Ethereum All Core Devs call was held on Friday to discuss a variety of Ethereum Improvement Proposals as gas fees on the network remain historically high.The agenda included several discussion points on high gas prices and ways to mitigate the issue. Alexey Akhunov, an independent Ethereum researcher, opened with
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Ethereum has both benefitted and its rep been harmed from the recent explosion in farming for DeFi tokens.
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Mid-August saw total Ethereum gas fees top a record $8.6 million in one day. Following a brief respite, which
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Equinor will use digital flare mitigation tech from Crusoe Energy at its Bakken oilfield operations in the U.S. Source
Read MoreTransaction costs on the Ethereum blockchain are at record highs, and no one will let you forget it. Reports often detail how decentralized finance platforms are the cause of ever-rising gas fees — tokens paid to miners who confirm and enable transactions on the Ethereum blockchain. Yes, DeFi does play
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Bitcoin’s rally lost power after a speech by the Federal Reserve chief; Ethereum gas usage hits another record. Bitcoin (BTC) trading around $11,251 as of 20:00 UTC (4 p.m. ET). Slipping 1.8% over the previous 24 hours.Bitcoin’s 24-hour range: $11,130-$11,596BTC below its 10-day and 50-day moving averages, a bearish signal for
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The bitcoin market is experiencing low volume Monday but ether continues to fuel DeFi’s growth. Bitcoin (BTC) trading around $11,737 as of 20:00 UTC (4 p.m. ET). Gaining 0.34% over the previous 24 hours.Bitcoin’s 24-hour range: $11,592-$11,823.BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin trading
Read MorePress time data from EthGasStation shows decentralized exchange Uniswap as the place users have spent the most Ethereum (ETH) on gas payments over the past 30 days. Uniswap participants shelled out a combined 17,700 total ETH as fuel to send their trades through — equalling $6.99 million spent on gas
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Bitcoin traders are hitting the sell button. On Ethereum, DeFi is boosting fees again. Bitcoin traded as low as $11,613 Tuesday. Traders continued selling the world’s oldest cryptocurrency after it hit a 2020 high of $12,485 on Monday. For the time being, it may struggle to break much higher from that. “Too
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Congestion is building on the Ethereum blockchain, the second-largest blockchain, thanks to the recent popularity of dollar-linked “stablecoins” and “decentralized finance” applications like Compound. And now fees to process transactions, which escalate when congestion is high as some users pay up for faster execution speeds, are soaring to levels not seen since the initial coin
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