An unknown Bitcoin wallet paid a mere $4 to transfer over $1 billion.
Cryptocurrency fees can be defined as money (usually in the form of one of the virtual currencies) that is paid as a on top of a transaction. The most common way to charge a fee is by taking a commission, i.e. some percentage from the amount of the transferred money. At the moment, a lot of transactions can be completed without any cryptocurrency fees unless the transaction includes a large amount of data. As miners function as the handler of transactions, they also receive commissions since each new block of the blockchain consists of their operations and, for example, a fee from Bitcoin as well. It is optional to require a commission, but any user that has found a block can include fees by their own choice. In the future, when the rewards for creating a new block will be reduced, miners will get most of their profit directly from the fees.
As Ether transaction fees hit 100 gwei, the project’s co-founder warns that a failure to respond could undermine the security of the network.10293
F2Pool returns about $500,000 in abnormal ETH transaction fee to its sender after encountering the issue on June 11.3941
A second transaction has been confirmed on the Ethereum blockchain with a $2.6 million gas fee, confusing the crypto community.6752
JPMorgan Chase recently came to terms on a lawsuit from 2018 involving added fees for crypto purchases using credit cards.4617
In the post-halving reality, Bitcoin miners revenue has dropped by over 60 percent.17350
The average transaction fee for Bitcoin peaked at $3.19 on May 8, an increase of over 300% from the average fee of $0.62 on April 26.10239
After launching Nigerian Naira deposits in October 2019, Binance adds support of NGN as its first African currency for P2P trading.9587
Bithumb, South Korea’s largest crypto exchange, has taken another step towards global expansion by strengthening integration with its international arm.2484
Tokyo-based cryptocurrency exchange bitFlyer launched its commission-free campaign for BTC/USD trading pair to its U.S. customers.8771
Adult entertainment website Pornhub has added a new crypto payment option after PayPal had abruptly stopped servicing its models in late 2019.8043
Auditing giant EY released a new iteration of its zero-knowledge proof blockchain, intending to cut transaction costs by 90%.4025
Digital payments giant PayPal is suing the Consumer Financial Protection Bureau for making it provide disclosures for fees it does not charge.8784
A crypto wallet says it offers discounted fees to buy crypto with credit cards, making it easier for users to purchase and withdraw digital currencies.1747
ShapeShift cryptocurrency exchange has launched new tokens that enable holders to trade on the exchange with no fees.3384