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 […]
Sparkpool, Ethereum’s second-largest mining pool halts all operations
Sparkpool, the world’s second-largest Ethereum mining pool, has seized all of its operations owing to China’s escalating crypto crackdown. In reaction to Chinese authorities launching additional efforts to fight crypto adoption in the nation, the mining pool formally declared on September 27 that it has suspended access to new users in mainland China. Following the […]
Snoop Dogg is selling NFT party permits for a private Ethereum metaverse Party
Snoop Dogg has announced a partnership with The Sandbox, an upcoming Ethereum-based metaverse game that allows users to modify and share 3D experiences. In the game, Snoop will have his own custom-themed world, complete with a mansion, playable Snoop avatars, and plenty of marijuana-themed artwork. There will be more NFT drops in the future , […]