Quick take: Earlier today, 0.55 ETH was transferred for a transaction fee of 10,668.73 ETH. This translates to approximately $2.6 Million in fees paid for a transaction worth $134. Although initially seen as a mistake, questions still linger on other possible explanations. A transaction on the Ethereum blockchain has crypto enthusiasts scratching their heads as
Ethereum Updates
Quick take: Earlier this week, an Ethereum transaction with a $2.6M fee shocked the crypto community. A second transaction from the same ETH address also paid $2.6M in Ethereum fees. Also in the same week, a third transaction from a separate ETH address paid $540,000 to send 3,221 in ETH. Ethereum Improvement Proposal 1559 aims
In brief: Ethereum held the $228 support zone earlier this week when Bitcoin dropped to $9,110. With BTC exhibiting bearish signs, a drop could cause Ethereum to break this support zone. Once broken, the 50-day moving average provides adequate support at around $218. Ethereum is still holding its own in the crypto markets ahead of
Quick take: Three Ethereum transactions with high ETH fees were mined last week. StarkPool and Ethermine mined two of the transactions and had requested the sender to contact them for possible discussions. Almost a week later, the sender has not reached out and both mining pools have opted to distribute the fees to miners. Ethermine