Bitcoin News Roundup for Aug. 13, 2020

With the price of BTC bouncing and ETH miners on the rise, CoinDesk’s Markets Daily is back for your news roundup! Bitcoin has shrugged off a drop to $11,300 for the third day running, possibly buoyed by gold’s recovery on Wednesday. The surge in profitability comes after rises in transaction fees and prices of the ether […]

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First Mover: Ethereum Faces Inflation Problem as Gas Fees Soar

Congestion is building on the Ethereum blockchain, the second-largest blockchain, thanks to the recent popularity of dollar-linked “stablecoins” and “decentralized finance” applications like Compound.  And now fees to process transactions, which escalate when congestion is high as some users pay up for faster execution speeds, are soaring to levels not seen since the initial coin offering craze of 2017.  […]

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