Reduced network activity is resulting in lower fees for Bitcoin and Ethereum as both recede heavily from their all-time highs. The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the past couple of months.

White House Top Tech Advisor Holds Millions in Bitcoin

Politico media company featured Timothy Wu, a top tech advisor for the Biden administration recently. The media outlets cited a personal financial disclosure that Wu recently filed and estimated that he owns between $1 million and $5 million in Bitcoin. The adviser also owns between $100,001 and $250,000 in Filecoin, which provides decentralized crypto storage services.

Kraken Launches Kusama Parachain Auction Platform, Driving it Surging by 19.07%

Cryptocurrency exchange Kraken official announced launching the Kusama Parachain Auction platform. Kraken will support users of the exchange to bid on the Karura and Shiden projects. This latest development in the Kraken exchange fueled Kusama’s KSM token price and regained the momentum that has risen by 19.07% in the past 24 hours during intraday trading.

Cardano to roll out smart-contract tools in the new product suite

Blockchain platform Cardano is set to provide tools for developers, end-users, and businesses to execute smart contracts in financial agreements through a new suite of products. Cardano is in the midst of its “Alonzo” upgrade, expected to be complete by the end of August, which will bring smart-contract functionality and enable decentralized finance applications on the blockchain.

OKCoin Integrates Polygon (MATIC), Reducing ETH Fees for Defi Users

OKCoin becomes the first US-regulated exchange to integrate Polygon (MATIC). The integration will drastically reduce Ethereum fees for Defi users. Users can now directly withdraw their finds from OKCoin into Polygon (MATIC). The transaction between OKCoin and Polygon is free save for the regular contract fee

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Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume

The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst ...
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Chimeras Play-to-Earn Metaverse Completes Successful Funding Round

PRESS RELEASE. Chimeras successfully raised over $2 million in its latest fundraising round, which will help to fund the play-to-earn project’s market and product development. October 18th, 2021 – The ...
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Concierge Service Catering to Crypto Whales Sees 500% Increase in Clients Over the Last 6 Months 

On Tuesday, Concierge.io, the exclusive travel service backed by Travala.com announced it added new luxury services in order to give crypto investors “a more premium experience to live out their ...
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Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local ...
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As DOGE, SHIB Markets Fall Back, Baby Doge Coin and Dogelon Mars Prices Skyrocket

Following shiba inu’s 260% gains during the last 30 days, the third-largest meme-based crypto asset in terms of market capitalization, baby doge coin (BABYDOGE), has taken the lead in terms ...
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