fees

Ethereum user pays $430,000 in transaction fees for a failed payment

Ethereum user pays $430,000 in transaction fees for a failed payment

You’ve got to watch those darn Ethereum fees. Just weeks after DeversiFi’s slip up that saw it pay $23.7 million in a single transaction fee (which was luckily later returned by the miner), another large transaction fee has been spent by accident. And while the $424,000 is paltry compared with DeversiFi’s fee it’s still another …

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Binance launches Ethereum mining pool, with lower fees than rivals

Binance launches Ethereum mining pool, with lower fees than rivals

Crypto exchange Binance has launched an Ethereum mining pool, seven months after launching a Bitcoin mining pool. The expansion means Binance Pool users can now also mine ether (ETH), in addition to bitcoin (BTC). Binance will charge a 0.5% pool fee for ETH mining, half of what its competitors are charging. Ethermine and SparkPool, for …

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Average Bitcoin transaction fees rose to their highest level since 2018 this week

Average Bitcoin transaction fees rose to their highest level since 2018 this week

Transaction fees on the bitcoin network are at their highest point since early 2018, according to available network data — a development that comes amid recent upward price action for the cryptocurrency. The latest movement in bitcoin network fees appears to have started on October 26, when bitcoin’s price was fluctuating around the $13,000 level. …

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Bitcoin transaction values and fees grew in 2020’s third quarter

Bitcoin transaction values and fees grew in 2020’s third quarter

The amount of value transacted on the Bitcoin network grew in the third quarter of 2020 compared to the second quarter, according to findings from The Block Research. During the period, users transacted more than $225B, posting an average of $2.4B a day. In all, the value transacted across the network rose some 25% compared …

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Over 40% of Ethereum mining revenue in August came from fees

Over 40% of Ethereum mining revenue in August came from fees

Ethereum miners generated $285.1 million in revenue in August, representing a month-over-month increase of 98.2% and a 25-month high, according to research from The Block. Last month, transaction fees on Ethereum increased significantly, fueled by the yield farming mania. Fees as a percentage of mining revenue reached an all-time high of over 40.5% of the …

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A comprehensive look at fees across spot exchanges

A comprehensive look at fees across spot exchanges

Quick Take Binance US, FTX, OKCoin, and Poloniex are the cheapest spot exchanges overall FTX is the cheapest exchange for retail traders while Binance US and OKCoin are the cheapest exchanges for the institutional traders Coinbase, bitFlyer EU, Bitstamp, and Gemini are by far the most expensive exchanges, especially for retail traders This research piece …

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Coinbase Custody is the biggest Tezos staking service, despite charging higher fees

Coinbase Custody is the biggest Tezos staking service, despite charging higher fees

Coinbase Custody is the largest operator of a Tezos staking validator, despite charging higher fees. The firm is staking over 65 million XTZ as of March 30, according to research conducted by The Block’s John Dantoni. Coinbase Custody launched its staking service in April 2019. That equates to more than $110 million at today’s XTZ …

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