While Ethereum Prices Skyrocket, Ether Gas Fees Surge Fueling Costly Transfers
On October 29, 2021, the second-largest crypto asset in terms of market valuation, ethereum, reached an all-time price high at $4,467 per unit. Meanwhile, after the Ethereum network’s Altair upgrade went live, ether gas fees have skyrocketed significantly.
As Ethereum Tests New Price Highs, the Average Ether Transfer Fees Onchain SkyrocketThe two leading crypto assets by market valuation have had issues with high transfer fees for many years now but this month, Ethereum’s network fees are significantly higher than bitcoin’s. On Saturday, October 30, bitcoin’s (BTC) average network fee according to bitinfocharts.com data shows BTC fees are around 0.00000015 BTC per byte or $3.15 per transaction.
The same web portal tracking ethereum (ETH) gas fees notes that to move some ether, it’ll cost around 0.012 ETH or $50.53 per transaction. The data shows that on Saturday morning, ETH fees are 1,504% higher than BTC network fees. Data stemming from the website l2fees.info are a bit more modest in comparison to bitinfocharts.com’s metrics. At the time of writing, to move ethereum it’ll cost $18.45 per transaction.
On October 29, 2021, the second-largest crypto asset in terms of market valuation, ethereum, reached an all-time price high at $4,467 per unit. Meanwhile, after the Ethereum network’s Altair upgrade went live, ether gas fees have skyrocketed significantly.
As Ethereum Tests New Price Highs, the Average Ether Transfer Fees Onchain SkyrocketThe two leading crypto assets by market valuation have had issues with high transfer fees for many years now but this month, Ethereum’s network fees are significantly higher than bitcoin’s. On Saturday, October 30, bitcoin’s (BTC) average network fee according to bitinfocharts.com data shows BTC fees are around 0.00000015 BTC per byte or $3.15 per transaction.
The same web portal tracking ethereum (ETH) gas fees notes that to move some ether, it’ll cost around 0.012 ETH or $50.53 per transaction. The data shows that on Saturday morning, ETH fees are 1,504% higher than BTC network fees. Data stemming from the website l2fees.info are a bit more modest in comparison to bitinfocharts.com’s metrics. At the time of writing, to move ethereum it’ll cost $18.45 per transaction.
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This Altcoin Project Could Scale to the Magnitude of Ethereum, Says Crypto Billionaire Sam Bankman-Fried
Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, thinks one altcoin project could potentially surpass Ethereum (ETH) and become a dominant force in the crypto space across the world.
Bankman-Fried says in a new interview with Kitco News that he examines what it would take to have 1 billion people use cryptocurrency and blockchain infrastructure. He says if people end up using blockchain infrastructure at the same level they use social media or finance today, it will probably create millions of transactions per second.
Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, thinks one altcoin project could potentially surpass Ethereum (ETH) and become a dominant force in the crypto space across the world.
Bankman-Fried says in a new interview with Kitco News that he examines what it would take to have 1 billion people use cryptocurrency and blockchain infrastructure. He says if people end up using blockchain infrastructure at the same level they use social media or finance today, it will probably create millions of transactions per second.
Innovative Fantom-Based DEX DefySwap Is Now Coming Up With NFT Staking
DefySwap, an innovative decentralized cryptocurrency exchange (DEX) on Fantom (FTM) Network, has successfully raised 90,000 USDC (~$90,000) from their token presale within 10 seconds.The presale, which took place on December 9, 2021, was open to the public for 24 hours with a cap of a maximum purchase of 450 USDC per user. The DEX additionally raised over 450,000 USDC (~$450,000) from private investors, influencers, seed investors and institutions, bringing the total raised to over half a million USDC.
DefySwap, an innovative decentralized cryptocurrency exchange (DEX) on Fantom (FTM) Network, has successfully raised 90,000 USDC (~$90,000) from their token presale within 10 seconds.The presale, which took place on December 9, 2021, was open to the public for 24 hours with a cap of a maximum purchase of 450 USDC per user. The DEX additionally raised over 450,000 USDC (~$450,000) from private investors, influencers, seed investors and institutions, bringing the total raised to over half a million USDC.
Bank of Russia to Collect Data on Crypto-Related Transactions Between Individuals
The Central Bank of Russia (CBR) plans to obtain information from commercial banks pertaining to some money transfers between private individuals, including clients trading cryptocurrency. The measure is likely to affect online crypto exchangers which the regulator accuses of conducting illegal operations.
Central Bank to Check Transactions Between Russians Exchanging CryptoAs part of efforts to clamp down on certain transactions it considers illegal, the Bank of Russia is going to seek additional data from financial institutions processing transfers between individuals. The move concerns a number of platforms using accounts registered in the name of dummy persons such as online bookmakers and websites providing crypto trading services, local media revealed.
The Russian business news portal RBC reported Monday that the regulator had sent banks a new reporting form for transactions. According to the initial report, the CBR intends to request information on money transfers between Russians, including the personal data of the senders and the recipients of the funds.
The Central Bank of Russia (CBR) plans to obtain information from commercial banks pertaining to some money transfers between private individuals, including clients trading cryptocurrency. The measure is likely to affect online crypto exchangers which the regulator accuses of conducting illegal operations.
Central Bank to Check Transactions Between Russians Exchanging CryptoAs part of efforts to clamp down on certain transactions it considers illegal, the Bank of Russia is going to seek additional data from financial institutions processing transfers between individuals. The move concerns a number of platforms using accounts registered in the name of dummy persons such as online bookmakers and websites providing crypto trading services, local media revealed.
The Russian business news portal RBC reported Monday that the regulator had sent banks a new reporting form for transactions. According to the initial report, the CBR intends to request information on money transfers between Russians, including the personal data of the senders and the recipients of the funds.
Solana Ushers In Groundbreaking Payments Era, Further Strengthening SOL’s Market Position
Solana’s (SOL) price has increased rapidly following the introduction of a new open-source protocol for the latest generation merchant payments. ‘Solana Pay’ offers additional functionality to its current and potential users. In particular, users may be able to send their USDC or other stablecoins directly to the merchant, thus maintaining close communication between all parties involved.
The costs declared by Solana should be within a fraction of a penny, contributing to the unique cost advantage in the crypto and real market. Merchants will also be able to send digital assets directly to customers, facilitating the process of fulfilling their obligations.
Solana’s (SOL) price has increased rapidly following the introduction of a new open-source protocol for the latest generation merchant payments. ‘Solana Pay’ offers additional functionality to its current and potential users. In particular, users may be able to send their USDC or other stablecoins directly to the merchant, thus maintaining close communication between all parties involved.
The costs declared by Solana should be within a fraction of a penny, contributing to the unique cost advantage in the crypto and real market. Merchants will also be able to send digital assets directly to customers, facilitating the process of fulfilling their obligations.
Malaysia’s Deputy Finance Minister: Crypto Not Suitable as Means of Payment or Store of Value
Malaysia’s deputy finance minister says that cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or a store of value. While digital assets are not recognized as legal tender in Malaysia, the finance ministry official said that they are an asset class that can be invested in.
Deputy Finance Minister on Cryptocurrency in MalaysiaMalaysian Deputy Finance Minister Yamani Hafez Musa talked about cryptocurrency Thursday in reply to a question raised by parliament member Nurul Izzah Anwar in Dewan Rakyat, The Star reported. The parliament member asked about the government’s role in monitoring and regulating cryptocurrency.
Malaysia’s deputy finance minister says that cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or a store of value. While digital assets are not recognized as legal tender in Malaysia, the finance ministry official said that they are an asset class that can be invested in.
Deputy Finance Minister on Cryptocurrency in MalaysiaMalaysian Deputy Finance Minister Yamani Hafez Musa talked about cryptocurrency Thursday in reply to a question raised by parliament member Nurul Izzah Anwar in Dewan Rakyat, The Star reported. The parliament member asked about the government’s role in monitoring and regulating cryptocurrency.
Citadel’s Ken Griffin Admits He Was Wrong About Crypto
Quick take:
Billionaire founder of Citadel Securities has changed his mind about cryptocurrenciesMr. Griffin admitted that he had not made the right call on crypto over the last 15 yearsCitadel Securities is considering an offering of cryptocurrencies to institutions and investorsKen Griffin, the Billionaire founder of Citadel Securities, has changed his mind about cryptocurrencies, admitting that he was wrong to say that they were a waste of time and effort.
Quick take:
Billionaire founder of Citadel Securities has changed his mind about cryptocurrenciesMr. Griffin admitted that he had not made the right call on crypto over the last 15 yearsCitadel Securities is considering an offering of cryptocurrencies to institutions and investorsKen Griffin, the Billionaire founder of Citadel Securities, has changed his mind about cryptocurrencies, admitting that he was wrong to say that they were a waste of time and effort.
Mecha Morphing Concludes Successful IDO Sale
Mecha Morphing, a horizontal action ARPG game based on the meta universe, has recently concluded a successful IDO, selling out 1,000,000 MAPE tokens at $0.40 price per token. At the end of the IDO, Mecha Morphing raised a total of $400,000, with a personal allocation of $350 max per user.Following its successful IDO with Polkastarter, the ROI of MAPE has surged to 2.26x (+126.1%) with its ATH ROI at 2.37x (+137%) as of the time of writing. Moreover, during the IDO sale, Polkastarter raised 916 BNB with 2,050 participants.
In the interest of fairness to all community members, the highly anticipated Mecha Morphing reopened the whitelist for their upcoming IDO until March 23, 2022, for those who were unable to participate in the last whitelisting. This drew a number of investors and concluded the successful IDO.
Mecha Morphing, a horizontal action ARPG game based on the meta universe, has recently concluded a successful IDO, selling out 1,000,000 MAPE tokens at $0.40 price per token. At the end of the IDO, Mecha Morphing raised a total of $400,000, with a personal allocation of $350 max per user.Following its successful IDO with Polkastarter, the ROI of MAPE has surged to 2.26x (+126.1%) with its ATH ROI at 2.37x (+137%) as of the time of writing. Moreover, during the IDO sale, Polkastarter raised 916 BNB with 2,050 participants.
In the interest of fairness to all community members, the highly anticipated Mecha Morphing reopened the whitelist for their upcoming IDO until March 23, 2022, for those who were unable to participate in the last whitelisting. This drew a number of investors and concluded the successful IDO.
Passive Income Cyborgs: Battle Borgz Publicly Launches on KICK․IO
PRESS RELEASE. NFTs are not a temporary trend. NFTs are here to stay.
Although analysts are still in the process of realizing the full potential that the technology behind ‘Non-fungible tokens’ offers, much is already clear. Beyond being used to certify the authenticity of artwork, the applicability of NFT technology extends to many other fields and harbors some natural synergies with the next generation of gaming.
Battle Borgz is on top of this trend. Battle Borgz are developing a unique NFT-based PvP and PvE battle game built on the Cardano ecosystem, promising gamers an experience that not only rewards enthusiasts with countless hours of engaging gameplay but also an opportunity to earn some passive income on the side.
PRESS RELEASE. NFTs are not a temporary trend. NFTs are here to stay.
Although analysts are still in the process of realizing the full potential that the technology behind ‘Non-fungible tokens’ offers, much is already clear. Beyond being used to certify the authenticity of artwork, the applicability of NFT technology extends to many other fields and harbors some natural synergies with the next generation of gaming.
Battle Borgz is on top of this trend. Battle Borgz are developing a unique NFT-based PvP and PvE battle game built on the Cardano ecosystem, promising gamers an experience that not only rewards enthusiasts with countless hours of engaging gameplay but also an opportunity to earn some passive income on the side.
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint
Effective today, All in Bits, Inc. DBA “Tendermint”, which rebranded to ‘Ignite” in February 2022, declared the creation of two independent entities – Ignite Inc. and NewTendermint Inc.
The first entity, NewTendermint Inc., sees the return of the co-founder of the original Tendermint, Jae Kwon, holding the position of CEO.
Effective today, All in Bits, Inc. DBA “Tendermint”, which rebranded to ‘Ignite” in February 2022, declared the creation of two independent entities – Ignite Inc. and NewTendermint Inc.
The first entity, NewTendermint Inc., sees the return of the co-founder of the original Tendermint, Jae Kwon, holding the position of CEO.
Celsius Considers Bankruptcy, Hires More Advisors
Summary:
The crypto lending company of Celsius is reportedly considering filing for bankruptcy.Celsius has therefore hired more advisors to prepare for the potential filing.The crypto lending company of Celsius is reportedly considering filing for bankruptcy.
According to a report by the Wall Street Journal, Celsius Network LLC has hired restructuring consultants from the advisory firm of Alvarez and Marsal to recommend a way forward on a possible bankruptcy filing.
Summary:
The crypto lending company of Celsius is reportedly considering filing for bankruptcy.Celsius has therefore hired more advisors to prepare for the potential filing.The crypto lending company of Celsius is reportedly considering filing for bankruptcy.
According to a report by the Wall Street Journal, Celsius Network LLC has hired restructuring consultants from the advisory firm of Alvarez and Marsal to recommend a way forward on a possible bankruptcy filing.
Mike Novogratz Bashed for Linking BTC to Roe V. Wade
Bitcoin bull and hedge fund gazillionaire Mike Novogratz stirred controversy on social media when he used the recent Supreme Court decision to repeal Roe v. Wade to promote bitcoin.
Mike Novogratz Takes Political FlakThe decision – which occurred just a few weeks ago in late June – led to heavy protests on the left side of the political spectrum and cheering on the right. The repeal of Roe v. Wade severely limits one’s access to abortion rights in the United States after nearly 50 years. Roe v. Wade occurred in 1973.
Novogratz – who has never been a huge fan of President Donald Trump – lashed out at the American leader, claiming that it was his court (given its conservative 6-3 advantage) who was responsible for leading the country in the wrong direction. He claimed that the Supreme Court justices he appointed had lied and misled senators, but he also took the opportunity to promote bitcoin.
Bitcoin bull and hedge fund gazillionaire Mike Novogratz stirred controversy on social media when he used the recent Supreme Court decision to repeal Roe v. Wade to promote bitcoin.
Mike Novogratz Takes Political FlakThe decision – which occurred just a few weeks ago in late June – led to heavy protests on the left side of the political spectrum and cheering on the right. The repeal of Roe v. Wade severely limits one’s access to abortion rights in the United States after nearly 50 years. Roe v. Wade occurred in 1973.
Novogratz – who has never been a huge fan of President Donald Trump – lashed out at the American leader, claiming that it was his court (given its conservative 6-3 advantage) who was responsible for leading the country in the wrong direction. He claimed that the Supreme Court justices he appointed had lied and misled senators, but he also took the opportunity to promote bitcoin.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
pancakeswap.finance
🥞 PancakeSwap - Everyone's Favorite DEX
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
pancakeswap.finance
🥞 PancakeSwap - Everyone's Favorite DEX
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Bitcoin’s Mining Difficulty Change Prints 2022’s Second Largest Increase — Metric Nears All-Time High
On Wednesday, Bitcoin’s mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022. The latest rise is Bitcoin’s third difficulty increase since August 4, 2022, and it’s now 11.63% harder to find bitcoin block reward.
Bitcoin Difficulty Jumps 9.26% — Metric Prints the Second Largest Rise This YearBitcoin (BTC) has experienced the third difficulty increase this month as the difficulty increased by 9.26% on August 31. The difficulty change took place at block height 751,968, and the 9.26% jump is the second biggest this year. The largest rise in 2022 took place 223 days ago on January 20, 2022, at block height 719,712.
On Wednesday, Bitcoin’s mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022. The latest rise is Bitcoin’s third difficulty increase since August 4, 2022, and it’s now 11.63% harder to find bitcoin block reward.
Bitcoin Difficulty Jumps 9.26% — Metric Prints the Second Largest Rise This YearBitcoin (BTC) has experienced the third difficulty increase this month as the difficulty increased by 9.26% on August 31. The difficulty change took place at block height 751,968, and the 9.26% jump is the second biggest this year. The largest rise in 2022 took place 223 days ago on January 20, 2022, at block height 719,712.
Shark Tank’s Kevin O’Leary Says There’s One Catalyst That Can Push Bitcoin Above $22,000
Shark Tank investor Kevin O’Leary believes there’s one thing preventing Bitcoin (BTC) from getting out of its current trading range.
In a new interview with Circle CEO Jeremy Allaire, O’Leary says getting the support of US policymakers could trigger an influx of institutional capital into the crypto markets, sparking a Bitcoin breakout.
Shark Tank investor Kevin O’Leary believes there’s one thing preventing Bitcoin (BTC) from getting out of its current trading range.
In a new interview with Circle CEO Jeremy Allaire, O’Leary says getting the support of US policymakers could trigger an influx of institutional capital into the crypto markets, sparking a Bitcoin breakout.