![Memecoin sends BTC fees to the moon, miner profits top B… Memecoin sends BTC fees to the moon, miner profits top B…](https://cointelegraph.com/magazine/wp-content/uploads/2023/05/may-6-scaled.jpg)
Top Stories This Week Memecoin hype drives Bitcoin transaction fees to multi-year highs The ongoing trading frenzy of memecoins like Pepe has triggered an unwanted consequence for Bitcoin (BTC) — raising its transaction…
![NFT marketplace LooksRare launches v2, reducing fees from 2% to 0.5% NFT marketplace LooksRare launches v2, reducing fees from 2% to 0.5%](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-04/9165c24b-f0b0-4eb9-b7f2-85c79a850b57.jpg)
Nonfungible token (NFT) marketplace LooksRare has upgraded to version 2, reducing fees by 75% and implementing several other features, according to an April 6 announcement from the company. ! Rolled out rn:– Fee…
![What Is GAS? Ethereum HIGH Transaction Fees Explained What Is GAS? Ethereum HIGH Transaction Fees Explained](https://i.ytimg.com/vi/Yh8cHUB-KoU/maxresdefault.jpg)
So what exactly is gas? Why are transaction fees so high at the moment? And what are some of the ways to make the transaction cost lower? You’ll find answers to these questions…
![DCG’s Bitcoin Mining Firm Foundry To Begin Charging Fees For Services DCG’s Bitcoin Mining Firm Foundry To Begin Charging Fees For Services](http://bitcoinmagazine.com/.image/c_limit,cs_srgb,h_1200,q_auto:good,w_1200/MTkxNzU0OTcxNDk3MTEzMjUx/20220819_best-sidechain-recap---shinobi.png)
The largest mining pool by hash rate share will no longer offer its services for free, according to a notice sent to clients. Foundry, the Bitcoin mining arm of Digital Currency Group, will…
![Crypto could eliminate 97% of traditional remittance fees: Coinbase Crypto could eliminate 97% of traditional remittance fees: Coinbase](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-04/e6c7385d-2745-46f7-b2de-b8a46c777a82.jpg)
A recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t apply to similar transactions conducted using cryptocurrency. According to the exchange’s research, “The…
![New Binance Smart Chain Proposal Seeks to Lower Transaction Fees: Report New Binance Smart Chain Proposal Seeks to Lower Transaction Fees: Report](https://cryptopotato.com/wp-content/uploads/2023/03/BSC_Blockchain.jpg)
Layer 2 scaling solutions have revolutionized the space with faster and cheaper transactions, as well as increased scalability and improved privacy and security. In a bid to increase its competitiveness against rival blockchain…
![Vitalik Buterin says ‘more still needs to be done’ over high Ethereum txn fees Vitalik Buterin says ‘more still needs to be done’ over high Ethereum txn fees](https://s3.cointelegraph.com/uploads/2023-02/0b507a19-10c3-4c2a-bda0-68ea67d5dded.jpg)
In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In…
![OpenSea Drops Fees, Cuts Creator Royalty Protections as Rival Blur Rises OpenSea Drops Fees, Cuts Creator Royalty Protections as Rival Blur Rises](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2022/11/opensea-shutterstock-gID_2.jpg@png)
In the face of rising competition from upstart rival Blur, leading NFT marketplace OpenSea announced today that it will temporarily eliminate its 2.5% fee on sales, as well as cut down creator royalty…