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Noones CEO Ray Youssef Blasts Bitcoin Fees: ‘We Have Failed the Global South’

Noones CEO Ray Youssef Blasts Bitcoin Fees: ‘We Have Failed the Global South’Ray Youssef, the former Paxful CEO, has commented on the negative impact of high transaction fees on bitcoin adoption in emerging markets. Youssef stated on social media that the recent developments in the bitcoin fee market have pushed users to alternatives such as USDT on the Tron blockchain over bitcoin in Global South countries. Noones […]

SEC Chair Gary Gensler avoids direct classification of Ethereum

Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows

Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool OverflowsThis week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their diverse perspectives on the matter, leading to a flurry of takes across various […]

SEC Chair Gary Gensler avoids direct classification of Ethereum

Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees

Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High FeesEthereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard fork.” ‘Blob-Carrying Transactions’ The price of ethereum (ETH) has moved northbound during the last two weeks, climbing more […]

SEC Chair Gary Gensler avoids direct classification of Ethereum

Ethereum Transfer Fees Drop From Recent Highs, L2 ETH Solutions Between 46-97% Cheaper

Ethereum Transfer Fees Drop From Recent Highs, L2 ETH Solutions Between 46-97% CheaperAt the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20 per transaction. Days later, ether transaction fees have subsided to a […]

SEC Chair Gary Gensler avoids direct classification of Ethereum