Activity on the Tezos ($XTZ) network has exploded over the last few months as non-fungible tokens (NFTs) on it gain adoption and after the number of smart contracts within it tripled last year from about 200 to over 600. According to Coin Metrics’ latest “State of the Network” report, daily transactions on Tezos jumped in August of last year after […]

Ethereum’s average network fees have dropped to the lowest value in 30 days at 0.0096 ether or $24.64 per transaction. Median-sized ethereum fees are lower today as well, as fees are between $8.37 to $10.82 per transaction as ether fees haven’t been this low since January 1. Onchain Ethereum Fees Drop, Current Bitcoin Fees 91% Cheaper Than Ethereum Fees It’s […]

The average blockchain load on the Cardano ($ADA) network has consistently been above 90% over the last few days as decentralized finance (DeFi) applications on the cryptocurrency’s network keep gaining steam. According to Cardano blockchain insights shared on Google’s Data Studio, the cryptocurrency’s network load started surging between January 14 and 15, weeks after the launch of the network’s first […]

Popular meme-inspired cryptocurrency Dogecoin ($DOGE) has become the most traded token among whales on the Binance Smart Chain (BSC) shortly after Elon Musk pushed McDonald’s to accept DOGE as a payment method. According to data from whale monitoring resource WhaleStats large addresses on the BSC network started trading the meme-inspired cryptocurrency as its price surged shortly after Tesla CEO Elon […]

Since its launch, Tether, the company behind the top USD-pegged stablecoin USDT has helped recover more than $87 million sent to wrong addresses, The Block reports, January 22, 2022. Tether Has Recovered Over $87 Million in USDT Transferring cryptocurrencies from one wallet to another can be challenging, especially for the more novice traders and investors who are not particularly very […]

Recently, popular crypto analysis and market commentary show “InvestAnswers” looked at the top eight competitors to Ethereum in the race for smart contract dominance.  In a YouTube video published on January 16, the host of InvestAnswers told viewers that although Ethereum remains the “dominant 800-pound gorilla”, other players are “chipping away” at its market hold.  The crypto analyst noted that […]

A new report claims that while businesses are increasingly turning to Bitcoin for payments, $ETH, $DOGE, and fiat-backed stablecoins are gaining in popularity.  According to a report by Fortune, crypto payment processor BitPay is claiming that Bitcoin’s use by merchants dropped to 65% of all processed payments, down from 92% in 2020. Ethereum purchases accounted for 15% of the total, […]

Crypto millionaires are moving in droves to the Caribbean island of Puerto Rico in order to take advantage of the U.S. territory’s tax benefits and lavish island lifestyle.  According to a report by CNBC, the crypto wealthy are flocking to Puerto Rico due to its crypto-friendly policies, including huge tax breaks for inhabits who spend at least 183 days on […]

JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum Losing Ground in NFT Market, […]