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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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The Sewer Pass non-fungible token (NFT) collection, created by Yuga Labs, has seen a notable rise in sales volume over the past 24 hours. According to data provided by CryptoSlam, Sewer Pass sales are up by over 61% in the past 24 hours, reaching $1.88 million in 319 transactions. This movement
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Founded in 2017, Orbs offers public blockchain infrastructure that provides scalability, low transaction fees, fast performance, security and ease of use. The platform is meant for mass-use applications that could run into high fees and slow throughput, and can serve as the back-end for a full blockchain technology stack. The
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Bitcoin (BTC) fell to three-week lows on March 8 as stronger-than-expected employment data from the United States dampened risk assets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewEmployment stats boost Fed hawks, BTC price dipsData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $21,858 on Bitstamp.The pair was attempting to
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FLEX, the native token of the CoinFlex exchange, has risen by 21% after it emerged that a restructuring plan in the Seychelles had been approved. Source
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USDT’s market capitalization has grown some $5.3 billion this year so far to $71.6 billion, with $3 billion of the gains after mid-February. Circle’s rival stablecoin, USD Coin (USDC), has also gained $3 billion since the Paxos announcement; however, its $44 billion market cap is still lower than at the
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YFI has managed to fend off bearish market forces with a 7% move to the upside as investors attempt to capitalize on the upcoming roll out of liquid staking derivatives (LSD). Original Source
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Around 20% of banks have exposure to crypto assets, a Bank for International Settlements (BIS) report released Feb. 28 found. The majority of those banks are in the Western Hemisphere. According to the report, which is based on data from the first half of 2022, 17 Group 1 banks reported approximately
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The Numeraire token (NMR) has surged by 8.8% to $21.64 over the past 24-hours after it was revealed that the hedge fund behind the token returned 20% to investors last year. Original Source
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LQTY, the native token of stablecoin lender Liquidity, has risen by 35% after being listed on Binance's innovation zone. Original Source
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