Ethereum News

Venmo Doesn’t Feel Bearish About The Current Market, Here’s Why You Shouldn’t Either

Venmo – the mobile and social payment company owned by Paypal doesn’t feel bearish about the market and neither should you. The leading payment processor announced on April 20 that it was launching a Fiat-On-Ramp service, which will allow user to purchase crypto-assets with even $1 minimum. It currently supports Ethereum, Bitcoin, Bitcoin Cash and…

Ethereum News

How Bitcoin, Ether, BNB, XRP Are Helping Hong Kong Businesses Weather The Pandemic

The COVID-19 pandemic had an immense effect on every part of human life but especially businesses in the food, drink, and hospitality industry. Airlines saw record losses due to social distancing and lockdown measures and restaurants were forced to adapt their businesses in many ways to stay afloat. One restaurant, Okra Hong Kong which is…

Ethereum News

An incredibly bullish and continuous “Ether burn” will precede the EIP-1559 upgrade

Ethereum is about to moon meteorically, that is if the EIP-1559 upgrade witnesses a successful rollout. The entire Ethereum ecosystem has been excited as they await the integration of the long-awaited Ethereum Improvement Proposal, but with Ether users and insider sources dropping bullish tweets about the perceived future of the Ethereum network, post the EIP-1559…

Ethereum News

Binance Smart Chain Surpasses Ethereum’s Daily Transaction By 600%

Binance as an exchange is one of the most popular in the entire crypto sector with millions of users worldwide. The Binance Smart Chain is also one of the most revered blockchain networks in the industry and utilized for the formulation of blockchain applications as well as digital assets. The network has been well-known for…

Ethereum News

Scores of Developers Predicted to Ditch Ethereum for Cardano as Blockbuster Update Nears

Cardano (ADA) has been doing great of late. The crypto has scored impressive gains over the last 10 weeks, with an even more impressive 3,800% over the last 12 months. Notably, Cardano’s good fortunes are rooted in the team’s ambitious focus on developing the most prolific and user-friendly blockchain network in the industry. This effort…

Ethereum News

WeWork Now Accepts Payments In Bitcoin — And Will Hold The Crypto On Its Balance Sheet

WeWork becomes the latest company to begin accepting cryptocurrency for payments. The SoftBank-backed real estate giant announced on Tuesday that it will allow its customers to pay for fixed offices and co-working spaces in crypto via tie-up with cryptocurrency payment processor BitPay. WeWork’s Crypto Adoption WeWork will accept bitcoin (BTC), Ethereum (ETH), USD Coin (USDC),…

Ethereum News

Why is High Transaction Fees on Bitcoin and Ethereum a Worrying Signal?

Bitcoin [BTC] and Ethereum [ETH] are the only cryptocurrencies with real fees paid for transactions. Bitcoin and Ethereum Only, Please! In the early days of Bitcoin [BTC], it was practically free to use with the transactions costing next to nothing. The incentive of the miners, on the other hand, was block rewards. 10 years down…

Ethereum News

Median Ethereum [ETH] Fees Rises Ten-Fold Since the Beginning of the Year: Report

The total fees on Ethereum surpassed that of Bitcoin on 10th June. The increase in the adoption of smart contracts and stablecoin issuance has been highly positive for Ethereum growth. According to a report from Coinmetrics, ETH median fees have, however, grown significantly since the beginning of the year. On January 1st, 2020, ETH median fees…

Ethereum News

Mining Pools Decide on Distribution of 23,000 ETH in Fees from Abnormal Transactions

After a week of failed deliberation on the $5.5 million (23,646 ETH) earned as fees for three transactions, the mining pools have made their decision on the distribution. After the reports of the first transaction came out, two similar transactions were made on the following days again. Two pools, SparkPool and Ethermine, have decided to…