Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3

Post Views: 277 The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even…

Former Nintendo President States Gaming Companies Are Marching to the Metaverse

Post Views: 373 Former Nintendo of America President, Reggie Fils-Aimé, believes that the gaming industry is steadily going to integrate metaverse elements into its games. Fils-Aimé thinks that established gaming companies, like Nintendo, are better suited to be leading the race for the metaverse than other companies due to their experience in building interactive and…

Binance Obtains Regulatory Approval to Offer Crypto Products in Italy

Post Views: 332 Crypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” said Binance CEO Changpeng Zhao. Binance announced Friday that Binance Italy “has received regulatory approval” through registration as a…

Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated

Post Views: 297 Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digital currency industry which he claimed has created opportunities for the country’s youth. However, he insisted that there is a need for the enactment of laws that guide players in this space. I also think it has helped especially the young generation…

‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble

Post Views: 320 Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Famous investor and founder of investment firm Scion Asset…

DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization

Post Views: 288 Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked (TVL). On May 28, DAI’s largest trading pair is the…

Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review

Post Views: 286 From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week. Without further…

Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million

Post Views: 301 A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours, and the collection’s floor value jumped 103.2% higher…

Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

Post Views: 355 A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past…