Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies

Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for CryptocurrenciesIn a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. Also read: Russians Can Use Qiwi, Sberbank, Yandex Money […]

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UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges

UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application ChargesYoung and small cryptocurrency businesses will pay lower registration fees than big companies, the United Kingdom’s financial watchdog has decided after consultations with members of the industry. The revised fee scheme takes into account the firms’ income to determine the amount they’ll be charged to cover supervision costs. Also read: Singapore Introduces Licensing for Crypto […]

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Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban

Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI BanZebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including a crypto-to-crypto exchange and a way […]

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What Is the Ideal Block Size and Fee Cost?

Many of the debates around block size in Bitcoin operate under the false premise that the question can even be properly answered by a central authority. But markets are better at deciding these questions and block sizes and fee costs should be worked out by miners and users, not development committees. Also read: How is […]

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Getting In and Out of the Cryptocurrency Economy Can Be Costly

Getting In and Out of the Cryptocurrency Economy Can be CostlySince bitcoin and digital currencies have become popular, fiat on and off-ramps have sprung up that allow investors to enter and exit the cryptoconomy. However, many of the entryways into cryptocurrency markets have a hefty fee between 1-4% of the overall purchase and in order to obtain fiat for crypto the fees are just as […]

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These Myth-Busting Articles Dispel Common Bitcoin Myths

Series of Mythbusting Articles Dispel the Spreading of Bitcoin MythsRecently, a few Bitcoin Cash (BCH) proponents have been writing a series of myth-busting articles that describe Bitcoin technicals generally thought to be true but which are not. The articles posted on the read.cash blog have reviewed topics like 10-minute confirmation times, SPV wallets, PoW energy usage, and rising network fees. Also read: Meet Snowglobe: […]

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OpenLedger Suddenly Raises Withdrawal Fees to 5%

transaction feesCentralized exchanges have been both a blessing and a curse upon the crypto industry. OpenLedger recently introduced some odd changes that don’t sit well with its users. When an exchange increases withdrawal fees for no apparent reason, there will be some dismay. What is Going on at OpenLedger? Those fees now sit at 5% of the total withdrawal amount, at least where OpenLedger is concerned. Interestingly enough, it appears that these changes were introduced overnight with no prior indication. To make things worse, the amounts required to process a withdrawal are rather high as well. Users need to withdraw at

The post OpenLedger Suddenly Raises Withdrawal Fees to 5% appeared first on The Merkle Hash.

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