ETH Fees Surge to All Time High After the Crypto Passed the $1,000 Mark

ETH Fees Surge to All Time High After the Crypto Passed the $1,000 MarkAfter the ether token surged past the $1,000 mark on January 3, the average transaction fee on the network similarly soared to a new all-time high (ATH) of $17.41, some 24 hours later. Although the average fee has since retreated, data on January 8 shows that the latest average fee at $9.79. This figure still […]

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Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction

Speculation Rife as User Pays a Second $2.6 Million Fee in Ether TransactionHistory repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees. The latest transaction was mined on block 10241999 by […]

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