Umbrella network launches a cross-chain bridge linking Ethereum and BSC
Umbrella Network, a decentralized oracle service, recently launched on the Ethereum network, paving the way for cross-chain transactions between the Ethereum platform and Binance Smart Chain. Umbrella Network built a cross-chain bridge connecting Ethereum and BSC in-house, highlighting the necessity to transfer tokens and other crypto assets between the two networks. Users can also stake […]
TikTok sets to release video NFTs on the Ethereum network
TikTok, a popular social video sharing platform, said today that it will create a line of video NFT which will be issued on Immutable X, a layer-2 scaling solution for Ethereum. TikTok will enlist the help of some of its most popular producers to create six NFTs based on existing, “culturally significant” videos on the […]
BeePool the fourth-largest Ethereum mining pool shuts down due to China’s crackdown
Few days after Sparkpool Ethereum’s second-largest mining pool shut down, BeePool another Ether (ETH) mining pool is also shutting down due to China’s crypto crackdown. On Tuesday, the China-based Ether mining pool declared that it would cease operations “in light of recent regulatory policies.” New user registration and the addition of sub-accounts for existing users […]
Miner agrees to return 7,626 ETH wrongly paid as gas fees by Bitfinex
Following an erroneous transaction by the DeversiFi decentralized exchange, an Ethereum miner has agreed to return most of the $23 million which was charged as network fees. The DeversiFi team discovered a bogus transaction on September 27 with an unusually high network cost. According to Etherscan, a user connected to a hardware wallet spent a […]
Bitfinex records the highest gas fee on Ethereum network worth $23M
On September 27, the crypto exchange Bitfinex made a significant transaction by sending $100,000 worth of the stablecoin Tether (USDT) to the layer-2 subsidiary platform DeversiFi and was charged $23M in gas fee. The exchange paid 7,676 ETH, or $23.7 million, for unknown reasons, making it the biggest gas fee ever recorded on the Ethereum […]