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Ethereum Transaction Fees Are Reaching Highs Not Seen Since 2015

Despite stagnation in the value of ETH, demand for Ethereum transactions continues to increase day after day. This is largely due to the growth seen in what is known as decentralized finance — or “DeFi.” Coins and protocols pertaining to this space are largely based on Ethereum, meaning that the network has racked up countless transactions attempting to satisfy DeFi users. According to Etherscan data, transaction fees are reaching highs not seen since the summer of 2015. This indicates to developers that solutions are needed, or else users seeking low-cost transactions and smart contract interactions will be squeezed out. Related…

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Bitcoin, Gold and Stocks Takes Off As Market is Forced to Take Risks: Analysts

The markets are green across all major assets, including stock markets, commodities and crypto. This is despite the rise of unemployment and economic slowdown. According to leading financial analysts, there are a number of factors at play which despite the facade of a bubble keeps pushing asset prices.  There is a lot of liquidity in the markets right now due to the surge of coronavirus stimulus money. Moreover, according to leading financial analyst from Fundstrat, Thomas Lee, a lot of money is sitting on the sidelines in the apprehension of the drop which could get in for bullish gains. Pre…

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Telecom Argentina S.A Hit by Major Ransomware Attack, Criminals Demand $7.5M Worth of Monero

Telecom Argentina S.A has been hit by a ransomware attack and the cyber-criminals are demanding $7.5 million paid in the privacy coin monero. The Spanish language site, elperiodista.com quotes anonymous employees stating that the attack started last Wednesday. Initially thought to be a small IT problem, the cyber-attacks have reportedly crippled the company’s IT systems. Employees also told the publication that the company has advised workers not to open any files or emails. In a July 18 Twitter post by one user, Alex Kruger, the cybercriminals are threatening further action unless their demands are met. Argentina's major telephone company, Telecom,…

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