transactions

A Bitcoin user paid 83.7 Bitcoin (BTC) worth $3.1 million in transaction fees for transferring 139.42 BTC. The transaction fee of $3.1 million is the 8th highest in Bitcoin's 14-year history.The BTC wallet address bc1qn3d…wekrnl tried transferring 139.42 BTC to bc1qyf…km36t4 earlier on Nov ...

A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s.Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Eth ...

Scroll, a new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space that works to scale the blockchain, has confirmed the launch of its mainnet.The team behind Scroll announced the launch in an Oct. 17 post and added that existing applications and developer tool kits on Et ...

Prominent XRP influencer Alex Cobb highlighted the impressive statistics of the XRP Ledger (XRPL) blockchain in a recent tweet. According to Cobb, XRP can process 3,400 transactions per second (TPS). He further broke down this figure into minutes, hours, and days to illustrate the blockchain's capab ...

Recent developments in Hong Kong are poised to breathe new life into the cryptocurrency scene in East Asia. This region has faced significant challenges, primarily due to China's comprehensive ban on cryptocurrency trading activities that have been in place since 2019. However, the tide may be turni ...

Casey Rodarmor, the inventor of Bitcoin Ordinals, has proposed a new Bitcoin-based fungible token protocol called "Runes" as an alternative to the BRC-20 token standard. The BRC-20 standard, launched by an anonymous developer known as "Domo," has gained popularity, with a market cap of $1 billion wi ...

Cryptocurrency self-custody platform Casa has rolled out new functionality for its recently launched Ethereum (ETH) vaults that will allow users to transact via a relay for added privacy.Casa added a multisignature Ethereum self-custody vault to its initial Bitcoin (BTC) custody offer ...

Currently, no accounting standards are dedicated to crypto assets, so broader guidelines per the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Practice (GAAP) are applied to cryptocurrency accounting.Balance sheets are among the three primary financia ...

Raj Gokal, co-founder of blockchain protocol Solana and chief operations officer of Solana Labs, started his career in venture capital with a focus on high-growth tech business. For seven years, Gokal focused on health tech, first with wearable sensors using Bluetooth Low Energy as a ...

On August 18, the team began work to get the mainnet up and running again. As of this writing, Shibarium is running in closed mode. The Shiba Inu team announced on their blog that they have begun the third day of work on restarting the Shibarium mainnet. The s ...

DappRadar has pointed to an “alarming plunge” in Bitcoin Ordinals nonfungible token (NFT) user activity, with trading volumes tanking around a whopping 98% since May. In an Aug. 17 report, DappRadar highlighted its data showing that the total Bitcoin Ordinals sales volume had decreased from peak ...

PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. ...

The Optimism network has surpassed Arbitrum in transaction volume for the first time in six months, according to July 27 data from blockchain analytics platform Artemis. Both networks are layer 2s of Ethereum that use optimistic rollup technology, which compresses and batches transactions before ...

The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation. Recent findings from the market research platform, MarketsandMarkets, estimated the global b ...

Approval management platform Revoke has issued a fix aimed at mitigating a new crypto scam, which involves baiting crypto users into revoking “fake approvals” and then stinging them with excessively high transaction fees. On July 9, Revoke.cash stated that it had received ...

Cryptocurrency exchange Crypto.com has petitioned a Florida court to confirm a judgment in its favor through arbitration after the platform mistakenly deposited $50,000 into a user’s account.According to the July 6 court filing, Crypto.com “erroneously deposited” $50,000 into James Deutero ...

Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished.The $184 million payout is more than a 270% increase from the first qu ...

Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets. As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopt ...

With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments.Crypto payments at scale are currently prevented by regulation, lack of u ...

Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over ...

As cryptocurrencies and blockchain assets continue to grow in popularity and mainstream adoption, the United States Internal Revenue Service has taken an increasing interest in their taxation. In the U.S., cryptocurrency is subject to crypto tax and is classified as transactions inste ...

Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security and privacy-preserving features.In a June 9 post via his personal blog, ...

De-dollarization, the decline of the United States dollar as the world’s dominant reserved currency, is underway, and it’s gaining momentum. For over 100 years, the U.S. dollar has been the world reserve currency, which means it has been the dominant foreign currency held by central b ...

According to Dune Analytics service, the number of issued tokens based on Bitcoin Ordinals in Bitcoin network exceeded 10 million. About 200,000 tokens are issued daily, including NFTs. The popularity of Bitcoin Ordinals has led to a significant increase in transactions a ...

The daily number of transactions in the Dogecoin network reached an all-time high after the introduction of the new DRC-20 standard, which allows the creation of NFT and other tokens in the meme cryptocurrency blockchain. According to BitInfoCharts, there were more than 1 ...

It earned $90 million in Q1 This growth is due to an increase in transactions and fees Messari analysts released a report on Tron's financial results. Blockchain has been able to significantly increase usage. It was not affected by SEC lawsuits against the Tron e ...

MicroStrategy founder Michael Saylor said that bitcoin ownership has become a top priority and vital necessity for the entire world population. In a recent interview, Michael Saylor called bitcoin a solution to growing financial problems and a tool to give hope to eight bil ...

According to analytics site Mevwatch.info, the percentage of Etherium blocks whose transactions comply with the Office of Foreign Assets Control (OFAC) has dropped to 27%. Transaction compliance is ensured by an open-source software module called MEV Boost. The module ...

Their volume exceeded the 2017 numbers Certainly the Ordinals haip contributed to this But overall, such records show an important thing in the network's development path According to Glassnode and other blockchain services, the weekly number of BTC t ...

High fees on the Bitcoin network and a backlog of unconfirmed transactions have sparked discussion among users as if Bitcoin is undergoing a denial-of-service (DoS) attack. According to Bits.media's own service, the average transaction fee on the Bitcoin network is about ...

The upgrade will make working with Web3 much easier For example, you can set the maximum gas here Find out all the details of the upgraded wallet The 1inch Wallet for Android has received a major update. It provides smoother crypto-interaction and ope ...

The chief technology officer of Ripple responded to critics who claim that XRP Ledger is not decentralized enough. David Schwartz defended XRPL, insisting on a level of decentralization similar to PoW consensus algorithm blockchain projects, "albeit in a slightly differen ...

It lets you access the blockchain through a chatbot Through the plugin you can check the balance as well as conduct a transaction Solana Foundation will also give $1 million in grants to develop startups in the intersection of blockchain and AI Solana ...

Extension to take effect May 1 Users will be able to make transactions on all three blockchains The Phantom cryptocurrency wallet will begin supporting Ethereum and Polygon blockchains. Brandon Millman, CEO and co-founder of Phantom, said the integration will ...

The city administration of Changsha, located in Hunan province of China, has recently reported that in the first quarter of 2023, over 400,000 outlets began accepting the state digital currency as a form of payment. This has resulted in the total transaction volume with e-CNY in the city surpassi ...

The CEO of Coinbase has announced plans to incorporate The Lightning Network protocol into the trading platform's features, which will allow for faster and more affordable transactions. Brian Armstrong recently discussed the impending modifications to the Bitcoin Lightning Network on Coinbase aft ...

Bloomberg Intelligence analysts cited data on the growth of investor confidence in bitcoin: the first cryptocurrency successfully passed a liquidity stress test amid the US banking crisis. A study by Bloomberg Intelligence experts says that for the vast majority of crypto ...

The leader of development for Circle in the European market has denounced the British banking industry's rejection of cryptocurrency companies, arguing that it infringes on the rights of regular customers. Speaking at the Citi Symposium on Digital Assets, Teana Baker-Taylor claimed that the UK ba ...

India's cryptocurrency trading scene has taken a hit due to the high tax rates, making it difficult for traders to turn a profit. The presence of crypto exchanges and trading operations seems to be of little use, as India's tax authorities have collected a significant sum of $19 million from cryp ...

The launch of the international P2P marketplace Finector will take place on April 1. The service supports more than 100 payment methods and protection of each transaction. According to Chainalysis, at the end of last year, Russia was in the top 10 countries in terms of P2 ...

According to the governor of the Central Bank of Nigeria, the local government's digital currency has experienced a significant surge in transaction volume since its launch, with an increase of 63% to reach a transaction volume of $47.7 million. Godwin Emefiele revealed that, initially, after the ...

In a recent blog post, Vitalik Buterin, the co-founder of Ethereum, delved into the issue of selecting key custodians for wallets with multi-signature transactions and those that offer the option of key recovery. A multi-signature wallet is a type of wallet where a transaction requires approval f ...

According to analysts from Whale Alert, the Tron network has just set a new record for the total number of transactions processed, with over five billion completed. This achievement was shared on social media by experts who stated, "Tron has now surpassed 5,000,000,000 transactions, reaching a ...

On February 22, the CEO of Twitter, Tesla, and SpaceX, Elon Musk, made a short post on Twitter about a dog that significantly increased the value of the meme cryptocurrency, Dogecoin. Within half an hour of Musk's tweet, the value of DOGE rose by 7%, and there was a weekly increase of almost 2%. ...

The Committee for Industry, Research and Energy of the European Union has amended the European Digital Identification System (eID), namely a new zero-knowledge proof standard, which will work on the basis of a special application. 55 members of the committee voted for the innovations, only eight ...