The average transaction fee on the Bitcoin network has fallen under $1 for the first time in more than two years.
| August 22, 2022 | August 22nd |
| | | 📈 30 Second Cryptocurrency Price Summary |
| 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 🔥 |
| 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. |
| 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. |
| 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. |
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