Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As the demand for Ethereum’s capabilities continues to soar, it remains to be seen…
Bitcoin (BTC) fell prior to the Feb. 3 Wall Street open as fresh United States economic data came in “hot hot hot.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Think again” over U.S. recession Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it erased gains from earlier in the day to center on $23,000 support. The pair reacted…
Russia’s largest bank Sberbank is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. 3. Currently being tested in…
An economic bubble is a time of fast economic expansion that is driven by speculative enthusiasm and excessively high asset prices. A bubble is characterized by an increase in demand for an asset, such as commodities, stocks or real estate, which drives up its price. A number of factors, including easy access to credit, low interest rates and investor optimism,…
The debacle between the global cryptocurrency exchange Binance and Zanmai, the operator behind the Indian cryptocurrency exchange WazirX, continues in a new blog post from Binance banning the latter from utilizing its services. On Feb. 3, Binance released a post that acknowledged the ongoing “public debate” with Zanmai over its claims of Binance involvement in running WazirX. Binance said on…
Nouns, the Ethereum NFT-based project building open-source IP, has already put its vibrant characters into a Super Bowl commercial, the annual Rose Parade, and elsewhere around the physical and digital worlds. Now they’re headed to bookstores and comic shops. Titan Comics, which specializes in licensed comic books tied to IP like “The Simpsons” and “Blade Runner,” is bringing Nouns to…
Bitcoin experienced the second-strongest January in its history — and the best since 2013 — rising nearly 40% amid wide reports that institutional investors were back on board. Zhong Yang Chan, head of research at CoinGecko, told Cointelegraph that there were “net institutional inflows into digital asset funds in January 2023, particularly in the last two weeks, with Bitcoin the…
U.S. Trustee Andrew Vara has issued objections to several subpoenas aimed at FTX founder Sam Bankman-Fried and his inner circle, including his family and several of the collapsed crypto exchange’s former senior staff. A subpoena is an order from a government agency, usually a court, for a person to attend a hearing or to provide evidence. The United States Trustee…
Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahead of today’s U.S. non-farm payrolls (NFP) report. Following a move above the $24,000 level on Thursday, sentiment shifted, as traders prepared for the pivotal report, which is expected to come in at 185,000. Ethereum was also in the red, giving up a five month…
In brief Ethereum’s Shanghai upgrade is a hard fork slated for March 2023. The Shanghai fork will implement EIP-4895, which allows validators to withdraw ETH that have been staked since as long ago as December 2020. About 14% of all ETH are currently staked, accounting for 16 million tokens and a current value of over $26 billion. The Shanghai fork…
