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Financial Companies Report First Deal With Digital Assets Under Russian Law

Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB), […]

MATIC Price Prediction: Polygon Outlook Amid the Sell-Off (July 1st 2022)

Upon the pump that occurred last week following the release of Polygon ID, Polygon is also declining. The coin’s value increased at that time by almost 100%. One of the few things the network provides in its ecosystem is Polygon ID. After the debut, the price of MATIC skyrocketed. This is consistent with how other […]

Coinbase denies reports of selling customer data to the US government

Coinbase clarified that the crypto exchange was not selling its users’ data and highlighted that it only provides information for investigations of financial crimes.

Not giving up: VanEck refiles with SEC for spot Bitcoin ETF

VanEck believes nothing should prevent the SEC from approving a pure Bitcoin ETF after the regulator greenlighted Bitcoin futures ETFs in 2021.

Samsung To Make Chips That Can Power Bitcoin Mining – Will This Energize Crypto?

The entry of Samsung into 3-nanometer foundry processor manufacturing kicks off, and the South Korean company will reportedly start producing Gate-All-Around-based chipsets this week, Samsung New3sroom disclosed on Thursday. The electronics juggernaut is making rapid progress toward finishing the creation of chipsets that could assist the mining of Bitcoin. The company alluded to the new […]

Bitcoin price: June close barely beats 2017 high as Coinbase Premium flips positive

The worst month and quarter since 2011 for Bitcoin come as Michael J. Burry warns U.S. stocks are only halfway done with their declines.

MakerDAO members shoot down proposal for more centralization

MakerDAO members turned up in record numbers to preserve the principles of decentralization, setting new precedents for future DAO governance.

Genesis Suffers Nine Figure Loss Due To Its Connection With Three Arrow Capital: Report

The post Genesis Suffers Nine Figure Loss Due To Its Connection With Three Arrow Capital: Report appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The cryptocurrency market operator and financing company Genesis Trading is hit by serious liabilities in the “hundreds of millions.” The damages at Genesis are “only several hundred million dollars,” according to one of the persons, and these are related to connections to over-leveraged fund manager Three Arrows Capital and Hong Kong crypto financier Babel Finance. …

How Can Big Eyes (BIG) Rival The Success Of Dogecoin (DOGE) And Shiba Inu (SHIB)

The post How Can Big Eyes (BIG) Rival The Success Of Dogecoin (DOGE) And Shiba Inu (SHIB) appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Meme tokens are cryptocurrencies that originate from an internet meme or have humorous characteristics. You can find this in established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). They both play off of the cute Shiba Inu dog breed commonly found in Japan. However, Big Eyes (BIG) brings something new to the table. The …

Report: Crypto Market Crash Wipes Millions of Dollars From North Korea’s Kitty of Stolen Cryptocurrencies

The recent plunge in the value of cryptocurrencies may have wiped out millions from North Korea’s fund comprised of stolen crypto assets. The diminishing value of cryptocurrencies is believed to be affecting Pyongyang’s ability to fund its weapons programs. Stolen Crypto Assets and North Korea’s Weapons Programs The recent crash of the crypto market may […]

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Rune’s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally

RUNE and its entire ecosystem is showing a few bullish signs, resulting in a 74% rally ahead of a long-awaited mainnet launch and recent integration with Terra.

Crypton Exchange — Trading CRP On A No-KYC Exchange [Based on Utopia P2P]

The post Crypton Exchange — Trading CRP On A No-KYC Exchange [Based on Utopia P2P] appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide In the era of peer-to-peer technology, projects built on this architecture are increasingly appearing. One such project is the Utopia P2P ecosystem. The developers were an anonymous group of IT enthusiasts and developers known as the1984 Group — who still hide their names. Recently, on the basis of this ecosystem, the integrated Crypton Exchange platform …

Is Terra Labs Involved in Price Manipulation With $3.6B USDT & UST? Decoding the Truth

The post Is Terra Labs Involved in Price Manipulation With $3.6B USDT & UST? Decoding the Truth appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Terra Labs may have roughly $3.6 billion in USDT and UST, as shown in a CoinDesk Korea article. According to the news source, the money could be used for exchange and DeFi price gouging or financial fraud. Nevertheless, officials will need to verify the same with exchanges like Binance, Coinbase, Huobi, and Kucoin. Do Kwon, …

Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Above $30 per Transfer

According to statistics, Ethereum network transaction fees have dropped 35% from the transfer fees recorded seven days ago. At the time of writing, the average fee to transact with ethereum is 0.0099 ether or $30.85 to $33.04 per transfer. The cheapest Layer two (L2) method to transfer ether on Wednesday is $0.25 per transaction using Polygon Hermez. It’s Cheaper to Move Ethereum Today, Network Still Has Higher Transfer Fees Than Most Blockchain Networks While data transfer fees on the Ethereum network have slid 35% in the past week, fees are still considerably higher than most smart contract networks. Seven days ago, ETH fees were $51.24 per transfer and today, metrics indicate it costs $30.85 to $33.04 in gas per transfer. The fee data only accounts for moving ethereum (ETH) as it costs more to interact with a smart contract to move an ERC20 or swap tokens. The average fee to move ethereum (ETH) on January 19, 2022, is $30.85 per transaction, according to stats from bitinfocharts.com. The average transaction fees on the Ethereum network are some of the highest fees paid to miners. Median-sized transaction fees recorded on Wednesday are lower and l2fees.info indicates the median fee is around $6.82 per transfer. The median-sized fee to move ethereum (ETH) on January 19, 2022, is $14.78 per transaction, according to stats from bitinfocharts.com. While stats from bitinfocharts.com show the median gas fee is 0.0047 ether or $14.78 per transfer. Metrics recording the median-sized ethereum gas fee on January 10, 2022, showed the fee was once $29 per transfer. Ethereum Miner Rewards 14% Higher Than Bitcoin’s Daily Rewards, Polygon Hermez the Cheapest L2 Method to Move Ether Today Data indicates that while Ethereum network fees have been cheaper, the blockchain still rakes in more fees per day. Metrics show on January 19, the Bitcoin network saw $76.3 million in miner rewards during the last 24 hours, while Ethereum captured $87.1 billion in miner rewards. Ethereum’s mining rewards outpace Bitcoin’s mining rewards by 14.1% on January 19, 2022, according to the “Flippening Watch” metrics on buybitcoinworldwide.com. At the time of writing, the current average fee to move bitcoin (BTC) is around 0.0000001 per byte or 0.000035 BTC or $1.50 per transfer. BTC’s median-sized network fee is lower at 0.0000078 BTC or $0.328 per transaction on Wednesday. Fee metrics to transfer ether via a L2 solution on Wednesday, January 19, 2022, according to l2fees.info data. L2fees.info indicates the cost to move an Ethereum-based token on Wednesday is $15.60 per transaction and to swap a token can cost $34.11 per transaction. The cheapest method of transferring ETH via an L2 solution, is by leveraging Polygon Hermez at $0.25 per transfer, according to l2fees.info data. The Polygon Hermez transfer fees are followed by Zsync ($0.30), Loopring ($0.32), Optimism ($1.42), Arbitrum ($2.14), and Boba Network ($2.38). Tags in this story 35% Lower, Average Fee, Bitcoin, Bitcoin Fees, Bitinfocharts.com, BTC fees, buybitcoinworldwide.com, data, ETH, ETH fees, ETH Gas Fees, ether, Ether fees, Ethereum, Ethereum (ETH), Fees, Flippening Watch, L2 fees, l2fees.info, Median Fee, Median Fees, metrics, Miner Fees, Miner rewards, Network Fee, Onchain data, Statistics, Transfer Fees What do you think about the current fee rate to move ethereum on Wednesday? Let us know what you think about this subject in the comments section below. Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer More Popular NewsIn Case You Missed ItNear Foundation Raises $150 Million to Bolster Web3 AdoptionOn Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% ... read more.

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