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ETH Price Plunges as Ethereum Gas Fees Make DeFi Unusable
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ETH Price Plunges as Ethereum Gas Fees Make DeFi Unusable

Ethereum’s surging gas fees continue to raise concern—making DeFi all but unusable for the average trader and the ETH price falling drastically to $1,580.63 last night.

Ethereum Gas Fees Hit a Monthly Low - Could this Trigger an ETH Uptrend?
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Ethereum Gas Fees Hit a Monthly Low - Could this Trigger an ETH Uptrend?

New data by on-chain data provider Glassnode notes that the total Ethereum gas fees paid have hit a monthly low of $666,735.56.

EIP 1559 May Not Reduce High Gas Fees on Ethereum, but ETH 2.0 Will – Here’s Why
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EIP 1559 May Not Reduce High Gas Fees on Ethereum, but ETH 2.0 Will – Here’s Why

EIP-1559, an Ethereum Improvement Protocol set to launch in July, has been touted as a game-changer that will address the issue of rising gas fees on the network.

Cryptocurrency Payments now Accepted at Tifon Gas Stations in Croatia as Firm Hopes to Tap Tourist Trade
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Cryptocurrency Payments now Accepted at Tifon Gas Stations in Croatia as Firm Hopes to Tap Tourist Trade

Croatia's Tifon is keen on introducing crypto payments to enable tourists to use Bitcoin and ETH to pay for fuel and other services at designated gas stations.

WEF Launches Blockchain Proof of Concept to Track Supply Chain Greenhouse Gas Emissions
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WEF Launches Blockchain Proof of Concept to Track Supply Chain Greenhouse Gas Emissions

The World Economic Forum’s Mining and Metals Blockchain Initiative has launched a unique proof of concept to track greenhouse gas emissions across the value chain.

Ethereum Breaks Past $1000, Triggering a Spike in ETH Gas Prices
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Ethereum Breaks Past $1000, Triggering a Spike in ETH Gas Prices

Ethereum has surged past $1000, following Bitcoin’s footsteps to wrap up 2020 nicely.

Ethereum Dominates DeFi with 96% of Transactions, Buterin Discusses ETH Gas Fees
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Ethereum Dominates DeFi with 96% of Transactions, Buterin Discusses ETH Gas Fees

Ethereum has set the tone for the DeFi boom this year, and it has dominated particularly during the third quarter of 2020.

SushiSwap Deploys Contracts to Five New Networks as Ethereum Gas Fees Surge
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SushiSwap Deploys Contracts to Five New Networks as Ethereum Gas Fees Surge

SushiSwap has deployed its contracts to five new networks. What should be expected of SUSHI's price in the next few days?

Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?
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Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?

The rise of DeFi in 2020 has made experts question whether Ethereum could sustain the sheer volume of transactions in the long run.

Mercedes Benz To Launch A Blockchain-Based Carbon Emission Tracker
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Mercedes Benz To Launch A Blockchain-Based Carbon Emission Tracker

German automobile manufacturing company, Mercedes-Benz reported that they are working on an automobile blockchain gas emission tracker.

US Customs Agency Seeks to Adopt Blockchain Technology to Track Oil Imports from Canada
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US Customs Agency Seeks to Adopt Blockchain Technology to Track Oil Imports from Canada

With the advancement of technology, the importance of oil and gas resources in promoting global social and economic progress is rising.

Spanish Renewable Energy Firm Partners with Climate Blockchain Initiatives to Boost Carbon Offset Sales on Blockchain
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Spanish Renewable Energy Firm Partners with Climate Blockchain Initiatives to Boost Carbon Offset Sales on Blockchain

Acciona, a leading Spanish renewable energy company, has joined hands with Climate Blockchain Initiatives (CBI), a Valencia-based startup, to boost the sale of its carbon offsets using the latter’s blockchain-powered trading platform.

Samsung Electronics to Use Blockchain in Climate-Focused Reafforestation Program
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Samsung Electronics to Use Blockchain in Climate-Focused Reafforestation Program

Samsung Electronics America has committed to the planting of 2 million Mangrove trees in Madagascar in a bid to advance its quota on the fight against climate change.

Understanding Gwei: The Unit Behind BNB Chain's Low Gas Fees
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Understanding Gwei: The Unit Behind BNB Chain's Low Gas Fees

Discover what Gwei is and how it measures gas fees on the BNB Chain, ensuring affordable transactions and efficient blockchain operations.

EOS Network Introduces EOS EVM 1.0 with Dynamic Gas Fee Model
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EOS Network Introduces EOS EVM 1.0 with Dynamic Gas Fee Model

EOS Network Foundation launches EOS EVM 1.0, featuring a dynamic gas fee model and compatibility with Ethereum's London and Shanghai upgrades.

NVIDIA Powers Las Vegas Sphere with Cutting-Edge Display Technology
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NVIDIA Powers Las Vegas Sphere with Cutting-Edge Display Technology

NVIDIA's advanced GPUs and networking solutions power the Las Vegas Sphere, delivering unmatched immersive experiences with high-resolution displays.

Sui Gas Pool Enhances Transaction Sponsorship for Developers
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Sui Gas Pool Enhances Transaction Sponsorship for Developers

The Sui Gas Pool service allows developers to efficiently sponsor gas payments for transactions at scale, streamlining user onboarding and handling high concurrency needs.

BNB Chain Launches $1M Gas Grants Program to Boost Web3 Innovation
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BNB Chain Launches $1M Gas Grants Program to Boost Web3 Innovation

BNB Chain announces a $1M Gas Grants Program aimed at supporting Web3 startups and developers over a three-month period.

Circle Introduces Gasless Transactions on Solana via Fee Payers
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Circle Introduces Gasless Transactions on Solana via Fee Payers

Circle's new Gas Station feature on Solana eliminates gas fees for users by sponsoring them through fee payer wallets.

Binance Supports Gas-Free Carnival Campaign with Zero Withdrawal Fees
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Binance Supports Gas-Free Carnival Campaign with Zero Withdrawal Fees

Binance backs the Gas-Free Carnival Campaign by BNB Chain, offering zero withdrawal fees for USDT, USDC, and FDUSD on BSC and opBNB Networks until October 19, 2024.

Ethereum Median Fees Slip to 6-Month Low, Will this Reignite Rebound?
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Ethereum Median Fees Slip to 6-Month Low, Will this Reignite Rebound?

Ethereum's median fees dropped to lows not seen since July 2021, raising the question of whether a rebound is on the horizon.

USDC Holders Panic Sell Amid Solvency Concerns
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USDC Holders Panic Sell Amid Solvency Concerns

On March 10, concerns about the solvency of USD Coin (USDC) led several holders to panic sell their holdings and switch to other stablecoins. One user lost over 2 million USDC in a failed attempt to exchange them for Tether (USDT) using KyberSwap's decentralized exchange aggregator. Tron founder Justin Sun reportedly withdrew 82 million USDC and exchanged them for Dai (DAI) using Aave v2, while IOSG Ventures sold 118.73 million USDC for 105.67 million USDT and 2,756 Ether (ETH). The USDC price has since slowly recovered, and Circle, the company behind USDC, disclosed holding $3.3 billion at the Silicon Valley Bank.

Major Strip Club in Las Vegas Crazy Horse 3 Accepts Bitcoin as Payment
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Major Strip Club in Las Vegas Crazy Horse 3 Accepts Bitcoin as Payment

Las Vegas-based adult strip club Crazy Horse 3 has announced the acceptance of bitcoin as a payment method, aiming to provide customers with a more private way to enjoy facilities and services.

BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees
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BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees

BNB Chain and MetaMask have successfully addressed a glitch that led to the display of inflated gas fees for opBNB transactions. The issue was rooted in MetaMask's default algorithm, which set a minimum recommended gas price based on averages across various Layer 1 and Layer 2 networks. This has been corrected, and users can now benefit from opBNB's lower gas fees for faster and more cost-effective transactions.

Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
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Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development

Circle announces new Web3 services—Gas Station and Smart Contract Platform—to simplify blockchain development and lower costs. These user-centric solutions aim to accelerate the mass adoption of blockchain technologies.

Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy
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Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy

Marathon Digital Holdings and Nodal Power are launching a 280 kW Bitcoin mining pilot project in Utah, converting harmful methane emissions into electricity for sustainable mining.

Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto
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Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto

The recent implementation of ArbOS 11 by the Arbitrum community introduces key improvements, including EVM Shanghai support and gas efficiency enhancements, fostering optimism in the crypto market for ARB.

Fantom's Evolution: From Technical Innovations to Ecosystem Expansion
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Fantom's Evolution: From Technical Innovations to Ecosystem Expansion

Fantom continues to innovate despite facing challenges in its DeFi ecosystem. With planned technical upgrades and a focus on growing its developer community, the network aims for a robust and diversified blockchain ecosystem.

Trader Spends $118k in Ether on Memecoin
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Trader Spends $118k in Ether on Memecoin

A single trader has spent $118,000 in gas fees on the Ethereum network to purchase $155,000 worth of memecoin called Four (FOUR). The trader paid $119,157 in Ether (ETH) for a Uniswap trade of 84 Wrapped Ether (WETH) for 13.8 billion FOUR tokens. The rise in gas fees has caused debates in the crypto community over its impact on mass adoption.

Ethereum Network's Gas Fees Skyrocket Amid Memecoin Frenzy
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Ethereum Network's Gas Fees Skyrocket Amid Memecoin Frenzy

Ethereum's gas fees have hit a new multi-month high due to the growing memecoin frenzy. While this has brought in more revenue for the network, it has also caused congestion and difficulty in processing transactions.

Vitalik Buterin Highlights Polymarket's Prediction on Ethereum's Gas Fee Reduction
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Vitalik Buterin Highlights Polymarket's Prediction on Ethereum's Gas Fee Reduction

Vitalik Buterin draws attention to predictions of lowered Ethereum gas fees post-EIP-4844, with market speculation suggesting major cost cuts.

Reddit Ethereum-Based Rewards Rolled Out on r/Cryptocurrency and r/FortniteBR Subreddits
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Reddit Ethereum-Based Rewards Rolled Out on r/Cryptocurrency and r/FortniteBR Subreddits

Reddit, the popular content aggregating website has created the community points to incentivize users to create high-quality posts and comments.

Estee Lauder Uses Blockchain Technology to Further Beauty Solutions
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Estee Lauder Uses Blockchain Technology to Further Beauty Solutions

Estée Lauder Companies (ELC) has established a blockchain platform to meet sourcing standards for its Madagascan vanilla.

Crypto-Integrity-Tao—The Books And Convention That Will Change Everything
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Crypto-Integrity-Tao—The Books And Convention That Will Change Everything

or the first time in technological history, with Blockchain humanity is creating an “Organism-Environment” and a few innovators and futurist are aware of this fact. It will begin this year and deliver incredible rewards, releasing the “spirit” of Blockchain Intersections in a 5G world.

ExxonMobil to Mine Bitcoin with Excess Natural Gas
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ExxonMobil to Mine Bitcoin with Excess Natural Gas

Energy producer giant ExxonMobil has launched a pilot program that will convert this excess natural gas into energy that powers mobile generators that can mine Bitcoin.

Opinion: Why Ethereum’s ‘Merge’ Won't Lower Gas Fees?
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Opinion: Why Ethereum’s ‘Merge’ Won't Lower Gas Fees?

The Merge won’t make the network much faster or be able to process more transactions per second, which means gas fees won’t change much.

Why Vitalik Buterin Proposed 33% Increase in Gas Limit for Ethereum
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Why Vitalik Buterin Proposed 33% Increase in Gas Limit for Ethereum

Ethereum's Vitalik Buterin proposes a 33% increase in the gas limit to improve network throughput. This first change in three years aims to balance efficiency and stability, addressing scalability.

Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High
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Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High

Ethereum users have a sigh of relief because median fees have dropped to $5.50 per transaction from highs of $34.18 last month.

Ethereum’s Zinken Testnet Launch Is a Huge Success, Buterin Says “Scalability Will Go Up” on Eth 2.0
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Ethereum’s Zinken Testnet Launch Is a Huge Success, Buterin Says “Scalability Will Go Up” on Eth 2.0

Ethereum developers have finally achieved a successful testnet release with Zinken.

Ethereum User Paid $2.6 Million in Transaction Fees to Send Just $130
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Ethereum User Paid $2.6 Million in Transaction Fees to Send Just $130

A user paid millions of dollars in Gas fees just to send $130 worth of Ether.

Ethereum’s Price Going through the Roof, Subject to Renewed Interest from Short-Term Traders
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Ethereum’s Price Going through the Roof, Subject to Renewed Interest from Short-Term Traders

Ethereum’s surge to historic highs has renewed the discussion of whether the altcoin season is back as short-term traders' interest soars.

Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction
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Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

New data by on-chain data provider Glassnode reveals that despite the current price correction, Ethereum addresses holding more than 1 ETH have hit a monthly high of 1,175,408.

Ethereum Transfer Demand Increases as Average Gas Fees Hit a 3-Month High
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Ethereum Transfer Demand Increases as Average Gas Fees Hit a 3-Month High

The Ethereum network has been experiencing high demand, as evidenced by an uptick in transfers and average gas fees.

Crypto Addresses Holding At Least 100 Ethereum Hit 19-Month Low as 8.2% of Circulating ETH Locked in DeFi
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Crypto Addresses Holding At Least 100 Ethereum Hit 19-Month Low as 8.2% of Circulating ETH Locked in DeFi

New data by on-chain data provider Glassnode reveals that the number of crypto addresses holding more than 100 ETH has hit a 19-month low of 45,518.

Ethereum Fees Have Grown 10-Fold Since Q4 2020, Showing High Demand and Willingness to Pay
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Ethereum Fees Have Grown 10-Fold Since Q4 2020, Showing High Demand and Willingness to Pay

Gas fees in the Ethereum network have increased ten times since the fourth quarter of 2020.

Ethereum’s All-Time High May Be Influenced by a Drop in ETH Gas Fees
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Ethereum’s All-Time High May Be Influenced by a Drop in ETH Gas Fees

On-chain metrics provider Santiment attributes the current ETH uptrend to a drop in Ethereum’s average fees.

Ethereum’s Sideways Consolidation to Continue as Indicator Shows ETH is Currently Undervalued
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Ethereum’s Sideways Consolidation to Continue as Indicator Shows ETH is Currently Undervalued

Market analyst Michael van de Poppe has noted that ETH’s sideways consolidation will continue until a "bottoming construction"comes up.

Ethereum’s Daily Transfers Have Increased from $373 Million to Over $9 Billion in Just a Year
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Ethereum’s Daily Transfers Have Increased from $373 Million to Over $9 Billion in Just a Year

Ethereum has been transacting enormous daily volumes to the tune of more than $9 billion.

Ethereum 2.0: Upcoming Upgrade Will Not Eradicate High Gas Fees
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Ethereum 2.0: Upcoming Upgrade Will Not Eradicate High Gas Fees

The Ethereum Foundation (EF) has debunked some of the misconceptions related to the upcoming merge of the Ethereum network’s Beacon Chain, saying that gas fees would not be eradicated.

Uniswap’s UNI Becomes a Top 10 DeFi Token After a Day, Driving Ethereum Transaction Fees to an All-Time High
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Uniswap’s UNI Becomes a Top 10 DeFi Token After a Day, Driving Ethereum Transaction Fees to an All-Time High

Uniswap recently launched its own governance token UNI, and since its launch, Ethereum’s transaction fees have reached new highs.

Total Value Locked in Ethereum 2.0 Deposit Contract Reaches a New All-Time High of $6.5 Billion
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Total Value Locked in Ethereum 2.0 Deposit Contract Reaches a New All-Time High of $6.5 Billion

The total value locked in Ethereum 2.0 has hit a new all-time high, showing the trust in the network's future amid high gas fees.

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