Tag: ETH

‘Sex sells’ – sex.crypto sells for 230 ETH

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Earlier today, the domain ‘sex.crypto’ sold for 230 ETH, or approximately $90,000 at press time. The domain extension .crypto is generated by Unstoppable Domains and is censorship-resistant. The transaction, which occurred on OpenSea’s token marketplace, was completed by a user named Maxstealth. Currently, he owns 196 .crypto domains in total. This individual or entity appears to be an Ethereum (ETH) whale, as the Ethereum address from which the payment was sent has received over 10,000 ETH. Currently, the account has only 1.75 ETH left, according to data from CrystalBlockchain. The buyer most…

Don’t just blame DeFi for paying high ETH gas fees

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Transaction costs on the Ethereum blockchain are at record highs, and no one will let you forget it. Reports often detail how decentralized finance platforms are the cause of ever-rising gas fees — tokens paid to miners who confirm and enable transactions on the Ethereum blockchain. Yes, DeFi does play a role, but the problem is institutional.  Some exchanges, custodians and asset managers have been using multisignature platforms to secure their digital assets. Several years ago, multisig was viewed as a respected attempt to prevent private keys from being compromised.…

People Have Spent Almost $7M on ETH Gas for Uniswap

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Press time data from EthGasStation shows decentralized exchange Uniswap as the place users have spent the most Ethereum (ETH) on gas payments over the past 30 days. Uniswap participants shelled out a combined 17,700 total ETH as fuel to send their trades through — equalling $6.99 million spent on gas over the past month.  Tether (USDT) came in second place. People spent a combined total of $6.39 million in ETH as gas to transact the popular stablecoin. Chainlink (LINK) ranked eighth.  Uniswap has taken the crypto world by storm in…

Here’s Where the Earliest ETH Ever Mined Ended Up 5 Years Later

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Ethereum, a household name in the crypto industry, fired up its network on July 30, 2015, but what happened to the first ETH coin ever mined all those years ago? Blockchain analytics and Anti-Money Laundering company Coinfirm found out.  “Another great example of the many benefits of blockchains such as Ethereum compared to the traditional space, we can see and understand the literal creation of value and how it moves,” Coinfirm co-founder and CMO Grant Blaisdell told Cointelegraph, adding, “In a time where fiat printing by central banks and other…