Tag: High

Ethereum’s total value locked hits new all-time high

The quantity of locked ethereum just hit 19,375,242 ETH, setting a new all-time high for the cryptocurrency. The total value locked (TVL) currently stands at $27.7 billion. ETH locked* hit an all-time recently at 19,375,242 ETH When you zoom out, the withdrawals seem like a dip for ants *All ETH that is “out of circulation”:• ETH staked on Beacon chain• ETH deposited to the beacon contract but not validating yet• Rewards on the Beacon chain pic.twitter.com/N1jyR7hcBO — Nansen 🧭 (@nansen_ai) May 9, 2023 This milestone comes after what may be…

Litecoin LTC Transactions Hit All-Time High as Bitcoin BTC Fees Surge Amic BRC-20 Memecoin Frenzy

On May 8, Litecoin executed more than 525,000 transactions in a day, coming close to Bitcoin’s 575,000 daily transactions, according to blockchain data from BitInfoCharts. It is five times the average number of transactions on the Litecoin blockchain compared to earlier this year and more than double the previous all-time high near the peak of the bull market in January 2018. Source

In Bitcoin BRC-20 Debate, There’s no Such Thing as ‘High Fees’

Lightning is not a panacea, and it is best suited for high frequency, small granularity payments – which certainly doesn’t satisfy all types of Bitcoin transactional demand. There’s more than just one way to move dollars around – we have wires, ACH, credit and debit networks, Fednow, physical cash, remittances, hawala networks, money orders, and fintech apps, among others. More abstractly, these can be divided into “push” and “pull” approaches, real time versus deferred settlement, and gross versus net settlement models. Each has its own set of tradeoffs, and offers different…

Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam

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Summary: The average cost of sending a single transaction on Bitcoin’s blockchain soared to almost $20, its highest point since April 2021. It seems that increased demand for BTC blockchain space was triggered by heightened activity on the Ordinals protocol and tokens issued using the BRC-20 standard. Binance was forced to halt BTC withdrawals twice on Sunday as network congestion peaked, although the crypto exchange later resumed operations after moving $4.4 billion in assets. Bitcoin (BTC) transaction fees rose to their highest point in two years amid growing interest in…

UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance – Regulation Bitcoin News

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A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange Binance. In its application challenging the injunction, Binance said the action had been taken without notice. Binance also said it could not comply with the injunction since it was granted after the fraudulently acquired crypto assets in question were moved. Claimant Proceeded Against Binance Without Notice A United Kingdom high court recently ruled to set aside an interim proprietary injunction against the cryptocurrency exchange Binance. The interim injunction, which required…

Ethereum gas fees spike to a one-year high amidst PEPE craze

On-chain data shows 31,700 ethereum (ETH) have been burned in the last week. The spike is due to the latest mania over pepecoin (PEPE). This development has pushed Ethereum’s transaction costs even higher. At the beginning of this week, the daily median gas price rose to a 12-month high of 87 gwei – equivalent to one billionth of an ether (ETH). 31.7K $ETH has been burned in the past seven days. To put that in perspective, since the merge (231 days ago), 152K ETH total has been burned. That’s ~21%…

VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High – Altcoins Bitcoin News

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A buzz has been generated around a new layer one (L1) proof-of-stake blockchain initiative named Sui, following the network’s mainnet debut on May 3, 2023. The native token SUI has been listed on various cryptocurrency exchanges, drawing attention to the project. On the same day the network launched, SUI peaked at $2.16 per unit, but has since dropped by 37% from its record high. Mysten Labs Launches Sui Mainnet, Draws Attention with Delegated PoS Blockchain and Move Programming Language As established cryptocurrencies continue to compete for dominance, a fresh wave…

ETH Transaction Fee Surges to 12-Month High as PEPE Frenzy Grips Market

The daily median gas price, or transaction cost, hit a 12-month high of 87 gwei (one gwei is a billionth of an ether) early this week. The value has increased more than 50% since the launch of the PEPE token on April 18, according to pseudonymous analyst @hildobby’s Ethereum Gas tracker on Dune Analytics. At one point on Monday, the one-minute median gas price surged well past 150 gwei. Source 12MonthETHfeeFrenzyGripsHighMarketPepeSurgesTransaction CryptoX Portal

Bitcoin price sets new May high above $29.5K as traders eye breakout

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Bitcoin (BTC) eyed a reclaim of further lost ground on May 5 as $30,000 remained in play.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price action rebounds from stocks slump Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked to $29,529 on Bitstamp – a new May high. The pair had dipped with United States equities at the Wall Street open the day prior, but the weakness was short lived as $29,000 support returned. Ongoing market jitters from the U.S. banking crisis, now impacting several regional…