Ethereum Gas Fees Hit 5-Year Low: The Impact of Sub-1 Gwei Fees on Ethereum’s Ecosystem
TLDR Ethereum’s median gas price has hit a 5-year low, dropping to 1.9 gwei on August 10, with low-priority transactions...
Month: August 2024
Ouch! Ethereum User Overpays $90,000 in Gas Fees for $2,200 Transfer
TLDR An unknown crypto user accidentally spent $90,000 in gas fees to transfer $2,200 worth of Ether (ETH). The user...
Tornado Cash Dev Pertsev Needs Money For Legal Fight
Alexey Pertsev, the co-founder and developer of Tornado Cash, a popular decentralized cryptocurrency mixing service, is seeking an additional $750,000...
Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit
Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender...
Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts
Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity...
Why Web3 gaming needs a Steam-like platform for growth
OKX chief innovation officer Jason Lau believes that Web3 games need to cultivate communities by educating players on the benefits...
Canto chain targets fix amid 33-hour outage caused by consensus issue
The Canto blockchain has been down for over a day, and the team has scheduled an upgrade to fix the...
Crypto user fat fingers $90K fee for a $2K ETH transfer
An anonymous user appears to have accidentally spent 34 ETH to transfer a little more than $2,200 in ETH.
Wall Street says buy the AI dip, Facebook paying creators for bizarre AI pics: AI Eye
AI revenue and abilities haven’t lived up to the hype — but Wall Street and Big Tech have plenty of...
DeFi protocol Nexera hacked for $1.5M via smart contract exploit
Nexera’s token contract has been paused and the team advises crypto investors to stop trading the NXRA token.
Zcash founder joins Shielded Labs, pushes for hybrid PoS upgrade
Zooko Wilcox is now the new head of product at Shielded Labs and wants to speed up the protocol's upgrade...
47 Companies Apply to Operate in Turkey Under New Crypto Regulations
Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include...
Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case
Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following...
Putin Signs Law to Advance Cryptocurrency Use in Russia’s International Trade
Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies,...
Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations
On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched...
