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News Institutional crypto fund manager Grayscale Investments believes the introduction of the proposed EIP-1559 fee and burn mechanism could create “a positive feedback loop for Ether’s price” should network activity continue to increase on Ethereum. That’s because the proposal could result in Ether being burned at a rate exceeding the creation of new supply, significantly shifting the supply-demand dynamic underpinning the ETH markets. In Grayscale’s Feb. 4 report, Valuing Ethereum, the firm discussed the role Ether plays as a “consumable commodity” with...

Ethereum posts new highs as DeFi gas fees go through the roof With Ethereum’s fees rocketing to new highs amid Ether’s rally into new price highs, the fees associated with using some complex DeFi protocols has increased above $1,000. 43340 Total views News Ethereum’s gas fees are again spiking to record highs, rendering many decentralized finance protocols unusable for casual investors. After increasing roughly 20% in the last 24 hours, average Ethereum transaction fees are now sitting at a record $17.67. With many DeFi projects requiring the execution of complex smart contrac...

News The combined value of all cryptocurrencies broke a new record of close to $1.139 trillion at 8:50 a.m. UTC on Feb. 4 . While long-term analysts often eye Bitcoin's solo chances of eating into gold's total market cap, the combined value of all cryptos together is currently more competitive with the total market cap of silver, at just under $1.5 trillion. Having broken the $1 trillion milestone early in Jan. 2021, today's crypto market is seeing greater distribution of growth between the top two assets in the game: Bitcoin (BTC) and Ether (ETH). On Jan. 7, the date of the market's $1 tr...

mosul with their families looking for refuge. there is word they are asking for u.n. help. >> reporter: the situation in iraq is spiraling out of control. the country's government and military is disintegrating before our eyes. iraq leaders say they are determined to regain the country. but how they do that is a big question. the militants control three cities. they are only 100 miles outside of baghdad. we are hearing they have taken control of the oil city of considerkick kirk. nouri al-maliki said his government will fight to take back lost ground. u.s.-trained security forces fai...

colorado, but we are learning more about the suspect. police say james holmes had taken months to prepare his killing spree. >> we've become aware that our suspect over the last four months had a high volume of delive deliveries, commercial deliveries of packages to both his work and home address. >> reporter: those deliveries is how police believe he got so much ammunition and allegedly set his apartment with so many booby traps. >> it brings another element to what was experienced at the theater. >> reporter: local, state, and federal agencies attempting to not only enter but to sa...