LBank is a crypto exchange founded in 2015. Despite being in the crypto hostile state of China, it has grown steadily since its inception and is now flourishing with more than 120 unique crypto tokens...
Tag: fees
Cryptocurrency trading with zero fees, Cryptosmart’s innovative offer
The trading platform Cryptosmart has launched a unique initiative that allows its subscribers to trade for 12 months without any fees. Cryptosmart and the Zero Fees Trading Promo The initiative has b...
Bitcoin network transactions and fees surge amid investor de-risking
The number of transactions on the Bitcoin (BTC) network has spiked over the past week, with blockchain analysis firm Glassnode suggesting that they are “urgent” transactions due to investors de-riskin...
U.S Based Bentley University To Now Accept Tuition Fees In Crypto
Bentley University, based in the United States, announced that it has now added the option to pay tuition fees in cryptocurrencies. This move makes Bentley one of the first universities to accept cryp...
Between ‘The Path to the Merge’ and ETH ‘gas fees’- Here’s the latest
Tim Beiko, an ETH core developer, in a blog post, elaborated on the much-awaited ‘The Merge’ which is supposed to happen in late 2022. He said the transitioning of ‘Ethereum to proof-of-stake is now c...
Analyzing The Weekend’s Blow-up Of Solana And Ethereum: Is Rise In Ethereum’s Fees Justified
On Saturday, two leading smart contract blockchain, Solana and Ethereum, had a major blow up which led to the realization of the significance of how transaction fees are set on decentralized systems. ...
Vitalik Buterin says ETH Layer-2 fees need to reach $0.05 to be acceptable
Ethereum (ETH) founder Vitalik Buterin said the gas cost levied on Layer-2 solutions must be significantly lower before they can be “acceptable.” Vitalik commented in response to a tweet by Ryan Sean ...
Vitalik Buterin Says Ethereum Gas Fees Should be Below $0.05 to Increase Adoption – crypto.news
Vitalik Buterin asserted about the cheap fees of L2 solutions in response to Ryan Sean Adam’s tweet. Buterin stated that gas fees should be below $0.05 per transaction to be genuinely acceptable. Ethe...
Stockbroker Pello Capital Starts Accepting Fees Payment in Crypto
Pello Capital, a regulated investment firm based in London, United Kingdom, announced on Wednesday that it has started a new payment option that enables its corporate clients to pay their annual fees ...
L2 transaction fees have to be under $0.05 to be ‘genuinely acceptable’: Vitalik
Despite the fact that layer-2 transactions are quite inexpensive, Vitalik Buterin believes that all transactions must be under $0.05 to be genuinely acceptable. To be “really acceptable” Buterin’s lat...
Bentley University Now Welcomes Cryptocurrencies For Tuition Fees
Bentley University has recently disclosed its acceptance of digital assets for tuition fees. They are proud to embrace this technology that will soon transform the global business landscape they...
Vitalik Buterin urges layer two networks to maintain transaction fees below $0.05
The co-founder of the Ethereum blockchain, Vitalik Buterin, has said that the transaction fee on layer two networks needed to be below $0.05 to be “truly acceptable.” Buterin was responding to a tweet...
Are Layer Two Fees Still Too High? Vitalik Buterin Thinks So
An Ethereum supporter has recently brought attention to the L2 networks and their fees. Ethereum co-founder Buterin highlights that L2 fees should not be over $0.05. The overall TVL has seen a plunge...
By The Numbers: Yuga Labs Breaks Ethereum, Gas Fees Set New ATH
The Yuga Labs “Otherdeeds” mint on the Ethereum blockchain has set a new record for any NFT launch. Not only did it set the record in terms of revenue but it had also broken records previously set in ...
What’s next for Ethereum price as traders await PoS merge amid exorbitant gas fees
As the price of Ethereum (ETH) slowly starts to recover after a difficult week for the entire cryptocurrency market, indicators of its more positive future movements are showing, with some experts bei...
Bentley University Rolls Out Crypto Payment Option for Tuition Fees
To offer students and their families new methods to pay tuition, US-based Bentley University has started accepting crypto payments in the form of Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). T...
Vitalik Buterin advocates for cheaper Layer 2 fees
Vitalik Buterin of Ethereum has bemoaned the fees charged for transactions from layer 2 scaling networks. The Ethereum co-founder replied to a tweet that mentioned several layer 2 networks and how muc...
Layer-two Fees Still Too Expensive According to Ethereum Co-Founder Vitalik Buterin
Ethereum co-founder Vitalik Buterin has responded to a tweet regarding layer-two fees suggesting that many of the networks are still too expensive. On May 3, Ethereum advocate and industry analyst Rya...
ETH Layer-2 Fees Must Get to $0.05 to be Acceptable
Vitalik Buterin, the founder of Ethereum, has recently opined that the gas fee charged on Layer-2 solutions has to be reasonably low to be acceptable. Buterin made his statement in reply to a tweet by...
L2 transaction fees need to be under 5c to be ‘truly acceptable’
Ethereum (ETH) co-founder Vitalik Buterin believes that Layer-2 transaction fees need to be under $0.05 to be “truly acceptable.” Buterin made the latest comments in response to a Twitter post from th...
Yuga Labs Land NFTs Sales Broke $300 Million, despite huge surge in gas fees, is competition on the horizon from Drunken Monkey Members Club
Yuga Labs, the brains behind popular Bored Ape Yacht Club, sold out its Otherside Metaverse project consisting of 55k Otherdeed virtual land NFTs for $317 million within three hours. Since its incept...
Amidst Ethereum’s deflationary shock, gas fees reach startling levels
The launch of NFT virtual land deeds for Yuga Labs’ Otherside, based on the Bored Ape Yacht Club- remained the largest NFT drop to date. It yielded over $900 million in total sales volume as a roaring...
Ethereum Fees Only “Truly Acceptable” Under $0.05, Says Buterin
Key Takeaways Vitalik Buterin wrote today that Ethereum’s fees would not be “truly acceptable” until they are below $0.05. He highlighted the development of proto-danksharding (EIP-4...
Millions in DOGE moved to Robinhood for lower fees
DogeWhaleAlert has tweeted that throughout the course of recent hours, over around 50% of a billion Dogecoin were moved The transaction took place between unknown whales and the Robinhood venture app...
In Defense of Ethereum’s Fees
Ethereum solves this problem with a fairly straightforward fee market – users bid against each other for block space. When you set your desired fee ranges in MetaMask, you’re setting your fee bid rang...
Ethereum users suffer over 10,000 failed transactions costing $4 million in fees on ‘Otherside’ mint
On April 30, Yuga Labs, the creators of Bored Ape Yacht Club (BAYC), launched their much anticipated “Otherside” metaverse land non-fungible tokens (NFT) mint on Ethereum. Even though the Yuga Labs t...
NFT hype boosts Ethereum gas fees to hit new highs
There were several discontent Ethereum users over the weekend following a Yuga Labs Non-Fungible token (NFT) launch that caused gas costs to surge to new highs. Over the weekend, the firm behind the w...
BAYC Otherside sales cost an unnecessary $100M in gas fees due to badly optimized code
Syndicate DAO co-founder Will Papper said on May 1 that inefficiencies in the Yuga Labs Otherside land sale caused $100 million to be needlessly wasted on gas fees. In a Twitter thread, Papper explain...
BAYC Team Yuga Labs Raises $285M from ‘Otherside’, Spikes Ethereum Gas Fees
Yuga Labs’ Otherside NFT initiative sold out almost instantly, clogging the Ethereum network and resulting in several failed transactions. Yuga Labs recently debuted the sale of its Otherside digital ...
Ethereum user spends $44,000 in gas fees to mint Bored Ape ‘Otherside’ NFTs
Ethereum’s scalability woes come under the spotlight once more following the release of the latest Bored Ape Yacht Club NFT collection. According to CNET, ‘Otherdeed’ NFT demand was so high that gas f...
American Funds Is Cutting Fees. Several Bond Funds Look More Attractive.
American Funds is cutting the fees on 18 of its funds, its parent company Capital Group announced Monday, May 2. The change applies to funds with current assets of less than $15 billion, resulting in ...
Ethereum Gas Fees Spike to New Highs on Latest NFT Hype
There were many disgruntled Ethereum users over the weekend following a Yuga Labs nonfungible token (NFT) launch which caused gas prices to surge to new highs. Over the weekend, the firm behind the wi...