Announced Thursday, Cozy Finance has raised a $2 million seed round, led by Electric Capital and including Variant Fund, Dragonfly Capital, Robot Ventures, Slow Ventures, Volt Capital, Spencer Noon, Moncada and others.
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With popular online trading platforms hit by more outages amid high volumes, companies like Robinhood may learn something from crypto exchanges.
Ethereum has a transaction fee problem, similar to the one it and Bitcoin faced in 2017 and early 2018. On August 12th, the cost of Ethereum “gas,” how transaction fees are calculated, hit 277 Gwei. By this writer’s estimates, that means that sending ETH was $2.25, sending ERC-20 was around $5, and trading on Uniswap was $10. That’s not ludicrous per se, but it’s a rate far higher than it was just three months ago. Wow… seems that🍠is having quite the effect on Ethereum transaction fees. "Fast" recommended gas price: 277 Gwei. That's $2.25 to send ETH, ~$5 to send ERC-20s,…