Ethereum Transaction Fees Set a Record Once Again as DeFi Becomes Even Pricier
Average Ethereum transaction fees reached $10.33 on Tuesday.
Average Ethereum transaction fees reached $10.33 on Tuesday.
Miners generated an estimated $368 million in August.
Only two decentralized exchange protocols reported a drop in volume during August.
Yearn.finance's YFI token, which looked like another inside DeFi joke when it launched in July, dominated the August return rankings.
Sell-off in the U.S. dollar and ether's price rally power gains in bitcoin.
The two-year high was reached alongside a drop in the number of coins held in exchange addresses.
The new app does not include the iconic "trollbox" feature of BitMEX's site, but will in future, the firm said.
Canaan shares are down 23% in August.
Stablecoins, which have been on a pandemic tear, have the potential to soak up deposits currently held by banks, where they offer little or no interest.
Bitcoin’s price jumped to $11,784 while the top decentralized exchange crossed a half-billion dollars in daily trading volume.
Huobi Futures will offer bitcoin options starting Tuesday, aiming to meet demand from traders for ways to hedge against risks in crypto markets.
The reported outages affect Robinhood, Charles Schwab, TD Ameritrade and others.
Huobi is taking on OKEx in the business of bitcoin futures trading, opening a new front in the ongoing rivalry between the two Chinese-led exchanges.
While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks over the month.
Cryptocurrency exchange Huobi is taking aim at competitor OKEx in the business of trading bitcoin futures and other derivatives contracts, opening up a new front in a longstanding rivalry that has historically focused on the lucrative Chinese market.
August has been an awful month for Ethereum Classic as the blockchain suffered yet another 51% attack.
Bitcoin made gains Friday, both in price and what's locked in DeFi.
Federal Reserve Chair Jerome Powell did not raise many eyebrows Thursday morning when he announced the U.S. central bank would encourage some periods of inflation above its 2% target in certain circumstances to boost the long-term economy.
Already live on SBI's forex trading platform, the contracts for difference (CFDs) are available in bitcoin, ether and XRP flavors.
Traders are getting better fills due to shrinking bid-ask spreads on Binance and other cryptocurrency exchanges. It's a sign of a healthy market.
Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve's announcement of a more relaxed approach to tackling inflation.
"Bitcoin is ... the only known commodity in the universe that has a deterministic and fixed supply," the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000.
The narrowing gap between bitcoin buy and sell orders on big exchanges like Binance shows an increasing depth to cryptocurrency markets.
Bitcoin's price gyrated by over $450 during and after Fed Chair Powell’s comments while Ethereum’s gas congestion continues.
Institutional interest is driving Bakkt's bitcoin futures volumes up, but its options market has remained quiet.
The recent upward trend began in September 2019.
Bitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected.
The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped.
The Fed confirmed if inflation consistently falls below its 2% target - as it has for most of the last decade - it will target inflation above 2%. Here's our live commentary.
Crypto traders are prepping for a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, where inflation is on the agenda.