Ethereum to upgrade its second layer in 2023. Ethereum is the second largest cryptocurrency in the crypto market. After the Merge, another event that will occur is the Ethereum Shanghai upgrade whic...
Tag: fees
Leading NFT Marketplace OpenSea Explains Why They Are Continuing To Enforce Creator Fees
The largest marketplace for non-fungible tokens (NFTs) says it will continue to impose creator royalty fees on digital collectibles sold on its platform. OpenSea pledges to continue enforcing creator ...
FTX Has Gained $34M In Trading Fees Since Its Last Burn
Crypto Live News As the investigation around FTX gets even more intense, everyday there is a new revelation about the firm. The latest update suggests that FTX has made $34 million in trading fees fro...
OpenSea to carry on charging creator fees for NFT collections
OpenSea, the most successful NFT marketplace in terms of volume, has stated that it will continue to enforce creator fees on its platform for any collections that are already in existence. This signif...
OpenSea Elects To Maintain Creator Royalty Fees
Amiss the market chaos, there is still room for NFT royalty chatter. OpenSea has announced that creator royalties will maintain as they have been on the marketplace, feeding what seems to be a ‘closin...
EIP-3651 to cut gas fees for key network participants
Ethereum’s Shanghai upgrade, the next major upgrade post Merge, is slated for the second half of 2023. The upgrade would be a key milestone as it would allow holders who have staked their Ether (ETH) ...
ETH Fees Spike 10x as Price Plunges – Trustnodes
Ethereum network fees have spiked 10x to 318 gwei with a simple transaction nearing $10 at one point while Uniswap transactions reached $76. That’s while ethereum’s price dived to $1,240 before slight...
OpenSea empowers on-chain enforcement of new NFT creator fees
The year 2018 brought a new space for artists to flourish financially. Non-fungible tokens proved to be an effective way to reach out to everyone across the globe and sell a digital piece of art. Howe...
India to Test Viability of Digital Rupee to Cut Fees When Trading Securities
The Reserve Bank of India (RBI) is launching a wholesale pilot program involving its Central Bank Digital Currency (CBDC) also dubbed the Digital Rupee. According to a Press Release published by the a...
Zksync 2.0 Goes Live, Promises Lower Gas Fees, Faster Transactions on Ethereum Mainnet
Matter Labs, a blockchain startup building out a sophisticated roll-up product, announced on Friday the launch of ZkSync 2.0, an Ethereum scaling solution, that is set to enable developers to host sma...
Why the battle for low or no transaction fees really matters
During the frenzied bull run, transaction fees were running rampant. Over on the Ethereum blockchain, they hit eye-watering highs of $196.638 back in May — rendering the network unusable for most ever...
Bitcoin transaction worth $500M cost $0.80 in fees
The Bitcoin network facilitated a transaction worth over $500 million on Oct. 27, transferring around 24,530 BTC. The entire transaction was sent, processed, and confirmed for a fee of just $0.83. Acc...
White House hammers economic issues with attack on ‘junk fees’ two weeks out from Election Day
U.S. President Joe Biden delivers remarks on the U.S. economy from an auditorium on the White House campus in Washington, U.S. October 26, 2022. Jonathan Ernst | Reuters The White House is working to ...
Ethereum’s Post-Merge Transfer Fees Remain Low Since Mid-May High-Priority ETH Fees Are 93% Cheaper
The transaction fees on the blockchain network have decreased significantly since September 15, when Ethereum switched from proof-of-work (PoW) to proof-of-stake (PoS). A high-priority ether transact...
Merge Aftermath: Ethereum Fees, Supply, And The Network At Large
The Ethereum Merge was one of the most anticipated upgrades in the history of crypto. Once the upgrade was successfully completed, Ethereum moved from being a proof of work (PoW) blockchain since ince...
Coinbase Moves to Boost USDC Adoption, Removes Commission Fees
Coinbase wants to accelerate the adoption of USDC internationally, by establishing global parity for all users. In a bid to promote the global adoption of USDC – a stablecoin issued by Circle and pegg...
Ethereum Alarm Clock exploit leads to $260K in stolen gas fees so far
A bug in the smart contract code for the Ethereum Alarm Clock service has reportedly been exploited, with nearly $260,000 said to have been swiped from the protocol so far. The Ethereum Alarm Clock en...
Celsius Network to Pay Around $3M as Legal Fees
Celsius Network filed for bankruptcy under Chapter 11 of the bankruptcy rules. Chief Executive Officer and Founder of Celsius Network resigned in the last week of September 2022. Celsius Network was...
Suspected Ethereum Exploit Drains Wallet of 121 ETH in Gas Fees
Key Takeaways Today an Ethereum user spent a record 121.56 ETH (more than $158,000) in gas fees. The gas fees were pocketed by the validator that processed the transaction. Blockchain security company...
Netflix will begin charging ‘extra user’ fees early next year
We all knew it was coming. The next phase of Netflix’s months-long crackdown on password sharing — which itself follows the company’s first quarterly subscriber loss in a decade — is soon ...
Blockchain Shardeum Raises $18.2M to Tackle Slow Traffic, High Fees
Shardeum is an Ethereum Virtual Machine (EVM)-based sharded blockchain, meaning anything that works on Ethereum can work on Shardeum. Sharding generally refers to splitting a blockchain’s infrastructu...
Celsius crypto lender charges more than $3M in legal fees
Join Our Telegram channel to stay up to date on breaking news coverage Bankrupt crypto lending company, Celsius, has been charged over $3 million in legal fees. The fees have been incurred as the lend...
Celsius Network Charged Over $3M in Legal Fees
Beleaguered crypto lending platform Celsius Network has incurred more than $3 million in legal fees, according to a filing shared on Friday. The bankruptcy proceedings, which have been costly for Cel...
Bill Burr complained to Joe Rogan that his bank was taking $28 out of his account every month ‘for no reason’ — here are 3 ‘sneaky’ banking fees and how to avoid them
Bill Burr complained to Joe Rogan that his bank was taking $28 out of his account every month ‘for no reason’ — here are 3 ‘sneaky’ banking fees and how to avoid them Banks are an essentia...
Ethereum Fees Skyrocket First Time After Merge as ETH Price Drops 7%
Ethereum’s seven-day total fees saw the most significant spike since the Merge as ETH fell 7%. According to Glassnode, Ethereum’s seven-day total fees paid have reached a one-month high of...
The Graph [GRT], its query fees, and everything latest hot off the press
What changed for Graph’s GRT as it went from being in a bad shape to narrating ‘graphical‘ signs of life, at press time? At what cost did GRT witness this good but surprising change? Are there still a...
Ethereum Gas Fees Not Reducing Despite the Merge
Transaction fees over a blockchain network using the native crypto asset has been one of the crucial issues and it still remains the same. The factor of gas issue is more pinched for smart contract bl...
KuCoin Offers Zero Maker and Taker Fees on BTC and ETH Pairs
4 hours ago | 2 mins read Exchange News At the moment, over 1,200 crypto trading pairings are available on KuCoin. As of now, investors in over 200 nations may make use of it. KuCoin, a leading crypto...
0 Maker & Taker Fees for Trading BTC and ETH Pairs
Recently, KuCoin, one of the world’s top cryptocurrency exchange platforms, announced its 5th-anniversary celebrations and several trading events. One of the commemorative events of KuCoin’s 5th anniv...
Binance CEO Says Lesser Fees Would Lead To Greater Terra Classic (LUNC) Burns
– Advertisement – CZ believes the lower the fees, the greater the burn, and he has the numbers to back it up. In a recap of an AMA held three days ago shared by the Terra Rebels, Binance...
‘This has gone on too long’: The bank paid itself $18,000 in fees. My late father’s trust has not been distributed. What recourse do I have?
My father’s father set up a trust at a major bank with my father and the bank’s trust department as co-trustees. My father died at the end of last year; upon his death, the trust was supposed to be di...