Bitcoin Fees Skyrocket 590% Since Mid-June – Supporters Think Mempool Size Is ‘Bullish’

Bitcoin fees have grown much larger in recent days spiking to a two-month high to $3.80 per network transaction. The crypto asset’s fees have jumped 590% since June 14 and the mempool (transaction backlog) has grown significantly. Digital currency markets have been extremely bullish lately as bitcoin (BTC) touched a high of $10,974 on Bitfinex […]

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Third Anniversary of Bitcoin Cash Highlights a Myriad of Network Improvements

Third Anniversary of Bitcoin Cash Highlights a Myriad of Network ImprovementsIn twelve days the Bitcoin Cash community will celebrate the third anniversary of the 2017 fork that happened on August 1. Since then, a number of changes have happened during the last three years and the following editorial will discuss the significant differences between both chains. The Bitcoin Cash (BCH) fork took place almost three […]

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Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans

The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only $130 billion left for Americans looking for funds. The Banks Will […]

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Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight

Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks StraightThis week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than Bitcoin users. Digital currencies like bitcoin, ethereum, bitcoin cash, and […]

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Nightmare Come True: User Pays $2.6 Million in Transaction Fees to Send $134 of Ether

Nightmare Come True: User Pays $2.6 Million Transaction Fees to Send $134 of EtherA record ethereum transaction fee has been paid today: $2.6 million to transfer $134. The user probably mixed up the fields on the value of the transfer and the fee, eventually paying 10,668 ETH in fees, or $2.6 million, on a transaction mined by Sparkpool. A nightmare come true, the customer sent 0.55 ether, worth […]

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A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC

A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTCJust recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions […]

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Ethereum Surpasses 700,000 Ether in Total Network Fees

ETH Looks StableEvery individual cryptocurrency network has many different statistics worth keeping an eye on. The Ethereum network recently surpassed 700,000 Ether in total fees paid, which marks a rather interesting milestone. No one can deny that there are very few successful crypto projects out there. An Interesting Milestone for Ethereum Based on user adoption, transaction values, and fees, only a handful of crypto assets make a real impact. Ethereum certainly belongs in this list, as it is the second-biggest crypto asset by market cap. Another interesting aspect is how the network uses Ether as “gas” to pay for transactions.  Since its

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