95ab616d7ed3755e887c0c8abd77dfdd0fef68b0 Big Crypto

For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020

Aug 8, 2022

In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) onchain transaction fees have dropped below the $5 mark and tumbled even lower by the end of July. At the time of writing, the average Ethereum network fee is 0.00086 ether or $1.46 per transfer. Median-sized fees are even less, as statistics show transfer fees have been as low as $0.21 to $0.576 ...read more

Binance CEO Meets Central African Republic Leader — President Touadéra Says Meeting Was a ‘Truly Remarkable Moment’

Aug 8, 2022

After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African Republic (CAR). Some of the topics discussed by the two were focused on “education, investments and crypto adoption in the Central African Republic.” ‘An Incredibly Important Step’ for the CAR As part of his latest effort to drive adoption in Africa, Changpeng Zhao, the CEO of the glob ...read more

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

Aug 8, 2022

It is no secret that many cryptos have been experiencing a price plunge. As of June 18, the price of the world’s largest digital currency, Bitcoin, fell to about $17,622. This data was taken from Binance. Since then, there have been several conversations as to whether or not that price will be the lowest for the asset. A digital currency analyst from CryptoQuant has revealed the possible price of Bitcoin in the nearest future. CryptoQuant is a recognized digital currency resource platform. ...read more

Voyager Digital to Enable Cash Withdrawals from 11 August 2022

Aug 7, 2022

Voyager Digital crypto exchange received the approval of the court for releasing $270 million in cash deposits. Starting on 11 August 2022 (Thursday), cash withdrawals will open to the platform's users.Users can withdraw up to $100,000 in cash using an automated clearing house transfer.The Voyager team released the following statement on their blog, affirming the opening of cash withdrawals:'We anticipate resuming access to the Voyager app for cash withdrawals only, starting on Thursda ...read more

Despite Bear Market Uniswap Gains Significant Traction, What’s The Reality?

Aug 7, 2022

The past few weeks have brought a positive twist in the flow of events within the cryptocurrency market, especially for Uniswap. Lots of the crypto assets are gaining more value in their prices. This overturns after the severe crypto winter that puts lots of protocol at the edge. Most witnessed drastic price drops up to 50% since January 2022. The last chaos in the crypto space was better imagined than described. Additionally, the collapse of the algorithmic Terra stablecoin and its native token ...read more

Police in Kazakhstan Arrest Gang Forcing IT Specialists to Run Crypto Farms

Aug 7, 2022

Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their business. Kazakhstan Busts Illegal Crypto Mining Organization, Detains Dozens Authorities in Kazakhstan have arrested a group of “criminally oriented individuals” and former convicts who pressured people savvy in inform ...read more

Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments

Aug 7, 2022

A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with its realization. Nepal Central Bank Prepares Legal Ground for National Digital Currency The Nepal Rastra Bank (NRB) is ready with revisions to the law determining its powers and responsibilities that would allow ...read more

What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

Aug 7, 2022

Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon. There’s growing concern that the upcoming merge will put ETH miners out of their jobs. This can be traced to the effect of the asset’s merge on the operat ...read more

China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review

Aug 7, 2022

From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never a dull moment in the world of cryptocurrency news. Without further ado, this is your bite-sized digest of the week’s hottest stories from Bitcoin.com News. Report ...read more

L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31

Aug 7, 2022

On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launched the Arbitrum One mainnet. The Arbitrum team says that developers need to prepare contracts and users should get prepared for faster transactions and lower fees. Offchain Labs Reveals Mi ...read more