Bitcoin Transaction Fees Fall Under $1 For First Time In 2 Years – August 22

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $21,330

Bitcoin price continues to range around the $21,000 mark, finding its footing after a larger drop at the end of last week.

Top-20 altcoins are mostly down over the last day of trading, as Ethereum falls 3%, BNB remains unchanged and Uniswap is the largest mover with a 5% drop.

Top Stories for August 22, 2022 πŸ”₯

πŸ‘‰ Bitcoin Transaction Fees Fall Under $1 For First Time In 2 Years

The average transaction fee on the Bitcoin network has fallen under $1 for the first time in more than two years, reaching a level not seen since June 2020.

The article thanked falling market prices and network upgrades for the drop, however seemed to skim over the most simple explanation in wavering network demand.

Bitcoin network difficulty, on the other hand, has recovered after three consecutive months of decline – partially attributed to a recent alleviation on mining hardware prices.

πŸ‘‰ FTX Exchange Revenue Increases 10-Fold In 2021

Major crypto exchange FTX saw a 1,000% increase in its revenue last year, according to leaked numbers reported by CNBC. FTX is currently the third-biggest exchange in the industry, behind Binance and Coinbase.

Exchange founder Sam Bankman-Fried confirmed that the numbers were in the “correct ballpark” via a Twitter post over the weekend.

πŸ‘‰ Uniswap Blocks 253 Crypto Addresses Related To Blacklisted Funds

Uniswap’s official front-end has blocked 253 crypto addresses related to stolen funds or sanctions, according to data shown on GitHub.

The decentralized exchange partnered with TRM Labs earlier this year, which helps Uniswap assign a “risk level” to each crypto address interacting with its front-end.