Ethereum transaction fees have fallen to their lowest level since January, according to on-chain data, a sign that the bottom could be near. Ethereum transfer fees plummeted as the network cooled. According to data from on-chain analytics firm st tly, Ethereum transaction fees have taken a notable hit recently. Here, “transaction fee” refers to the average fee (in USD) that senders on the ETH network currently charge for transfers. The value of this metric reflects the traffic conditions typically witnessed by the blockchain. As more users move around the network, average fees tend to go up. This is caused by…
Author: Crypto Flexs
Read More
With the advent of cryptocurrencies, blockchain technology has transformed the landscape by providing a decentralized distributed ledger system that guarantees reliability, transparency, and tamper resistance. Its applications span a variety of sectors, from finance and supply chain management to healthcare, digital content and rights. Blockchain technology’s ability to provide secure and immutable records of transactions has facilitated its integration into cryptocurrencies, smart contracts, and digital identity management systems. Blockchain reduces costs and improves operational efficiency by eliminating intermediaries. Additionally, its potential to provide transparency, traceability and security is pivotal to modern innovation and provides solutions to trust and data management…
join us telegram A channel to stay up to date on breaking news coverage The cryptocurrency market showed mixed market signals, with market capitalization increasing by 2.38%. However, trading volume decreased by 16%, indicating investors tend to HODL in light of the upcoming Bitcoin halving. As a result, this market sentiment has led to a bearish trend in altcoins as traders prioritize Bitcoin acquisition. Nonetheless, this presents an opportunity to capitalize on the decline following the altcoin season’s halving. A number of promising low-cost cryptocurrencies offer investors a cheap entry point into the market. As a result, InsideBitcoins has curated…
The Internal Revenue Service (IRS) has released an initial draft of tax forms that will allow brokers and exchanges to report certain sales of digital assets, providing insight into how the IRS classifies brokers. Form 1099-DA draft The IRS, published Thursday, lists broker types including kiosk operators, digital asset payment processors, hosted wallet providers and non-hosted wallet providers. The form also asks for the “digital asset address” and whether the asset is a “non-covered security.” The form comes from: rule Last year, it was suggested that cryptocurrency brokers would be treated similarly to brokers for more traditional investments such as…
One whale was spotted accumulating ETH despite high unrealized losses. In recent weeks, the supply of ETH held by addresses that are not part of exchanges has increased. Ethereum (ETH) price corrected sharply in early Asian trading on Friday as tensions between Israel and Iran escalated. Although its value had recovered to over $3,000 at press time, the second-largest cryptocurrency has been largely in the red over the past week. In fact, it has lost more than 12% of its valuation, according to CoinMarketCap. ETH profitability declines The sluggish performance reduced the network’s unrealized net income. AMBCrypto examined the same…
join us telegram A channel to stay up to date on breaking news coverage In a significant development in the Web3 space, Tether has teamed up with Telegram to introduce the USDT stablecoin and Tether Gold (XAUT) to The Open Network (TON). The move, announced on April 19, enhances the synergies between Tether’s financial technology and Telegram’s broader Web3 ecosystem. At the Token2049 cryptocurrency event in Dubai, Tether CEO Paolo Ardoino gave a keynote speech highlighting collaboration with Telegram founder Pavel Durov. Along with this announcement, Tether also unveiled a strategic restructuring, including the formation of four new business divisions:…
Bitwise Chief Investment Officer Matt Hougan offered a long-term view on Bitcoin halving based on historical data and spot ETF demand. In an April 19 interview with CNBC, Hougan viewed this year’s Bitcoin (BTC) halving as a “news-buying” opportunity for investors interested in the world’s largest cryptocurrency asset class. “If you look at halvings historically, the price movement within a week or two after a Bitcoin halving is relatively quiet. But looking ahead one year, the BTC price has rebounded significantly after each of the last three halvings and I think it will continue to do so.” Matt Hougan, Bitwise…
Tether strengthens its partnership with Telegram by launching USDT and XAUT on TON.Tether, which operates USDT, the world’s most popular stablecoin, is deepening its integration with Telegram’s Web3 ecosystem with the launch of its open network (TON). Announced at the Token2049 cryptocurrency event in Dubai, where Tether CEO Paolo Ardoino and Telegram founder Pavel Durov delivered keynote addresses, the strategic move includes the introduction of the US dollar-pegged Tether USDT and gold-pegged Tether Gold (XAUT) stablecoins. Included. On the TON blockchain.The launch is consistent with our vision for a decentralized financial system.The collaboration between Tether and the TON blockchain highlights…
Posted 1 minute ago In ~ A group of investors agreed to settle a civil lawsuit against former FTX CEO Sam Bankman-Fried in exchange for his cooperation in cases against celebrities who promoted the platform.In documents filed Friday, the investors asked a Miami court to approve the settlement, and Bankman-Fried is among them, including basketball player Shaquille O’Neal, businesswoman Gisele Bündchen, soccer star Tom Brady and businessman Kevin O’Leary.The document was signed by Bankman-Fried, who was recently sentenced to 25 years in prison, and class action co-counsel Adam Moskowitz. Bloomberg First reported news.According to the settlement document, Class Counsel recognizes…
Welcome to the latest issue of Cryptie. Bitcoin and other cryptocurrencies have seen significant activity this month as the market shows promising trends. This issue includes the latest updates from the cryptocurrency industry, merchant deals, giveaways, and the latest updates from BitPay.Let’s take a look at this month’s highlights.On this issue: industry newsRead news from across the blockchain industry.Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud: In a significant development in the cryptocurrency industry, Sam Bankman-Fried was sentenced to 25 years in prison for defrauding FTX customers of $8 billion. sector.US Authorities Handle $2 Billion in Seized…