VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs
Jan Van Eck told CoinDesk TV’s Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline.
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Jan Van Eck told CoinDesk TV’s Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline.
Ethereum fees for “blobs” – the blockchain’s new dedicated class of cheaper data storage – spiked Wednesday after a project called Ethscriptions created a new way of inscribing data, known as “blobscriptions.”
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as “proto-danksharding,” which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
Ethereum network fees surged to nearly two-year highs, largely driven by the speculative frenzy with meme tokens such as PEPE, SHIB and FLOKI.
Southeast Asian super app Grab is currently piloting the “Gas Station” to cover gas fees for its Singaporean users if they use NFT vouchers.
This week in blockchain tech: Polygon’s new “chain development kit,” Farcaster’s move to Optimism, Shibarium’s return and Interlay’s new Bitcoin layer-2 network, and Pancake Swap expands to Consensys’s Linea.
Visa says managing ether (ETH) balance to cover gas fees is “burdensome” and too complex, according to a blog post.