In 2021, Bitcoin Transactions Fees Have Dropped up to 60% ⬇️

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In 2021, Bitcoin Transactions Fees Have Dropped up to 60% ⬇️

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In news that will delight Bitcoin users, the BTC transaction cost has dropped to $1.80 from the highs of $4.40.

The drop can be attributed to many factors, including the increasing coverage of Bitcoin Lightning Network, which processes transactions off-chain.

Every Bitcoin transaction attracts a fee, which is then divided among the miners. The transaction fees are higher when the Bitcoin network is congested as the demand for miners to process the BTC transactions is higher than what is available during those times.

The highest Bitcoin transaction fees were observed on April 21, when the Chinese Bitcoin miners were facing an outage. At that time, BTC transaction cost touched an all-time high of $62.8.

Bad Days ? Coming for Social Media Trolls in Australia ??, PM Scott Morrison Proposes new law

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Trolling on social media will soon be a criminal activity in Australia if a new defamation law proposed by Prime Minister Scott Morrison comes into effect in the country.

If implemented, the proposed defamation law will compel every social media platform operating in Australia to disclose the identity of the trolls.

If the platforms like Twitter or Facebook refuse to disclose the identity of the trolls, they will have to pay the price of defamation.

Under the proposed defamation law, the social media platforms will be held accountable for any defamatory comments made on their platforms.

Also, the social media platforms will be required to create a system through which the users can submit a complaint when they feel they have become a victim of defamation.

Demand for Air Travel ✈ Up During Thanksgiving, Yet Omicron Variant Risk Looms Large

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Thanksgiving week turned out to be a boom period for the US airline industry, as it was the busiest period for the industry since Covid-19 was declared a pandemic.

This Sunday, nearly 2.5 million people were screened by the Transportation Security Administration (TSA), the highest number since February 15, 2020. Though impressive, it is still 15% below the number of people screened by the TSA in 2019.

Still, all is not well for the airline industry, as many countries are reporting a surge in Covid-19 cases because of the Omicron variant, said to be six times more transmissible than the Delta variant.

Report: 46% of Russian Retail Investors see Crypto as a Hedge ? Against Inflation

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Investing.com surveyed 1000 Russian retail investors to find the most preferred alternative investment options in the country.

The news outlet found that 46% of the respondents see cryptocurrencies as a necessary hedge against rising inflation.

Crypto edged out real estate as the favorite alternative investment option among Russians.

Compared to 46% of Russian respondents choosing crypto, only 37% of the respondents chose real estate investment.

Before 2021, real estate used to be the favorite hedging asset among Russians, which seems to be changing now, if we go by Investing.com’s recent survey.

Around the Web

Bitcoin AUM retracts ? by 9.5% This Month: Due to a 9.5% fall in November, the Bitcoin-based assets under management have dropped to $48.7 billion. On the other hand, altcoins-based assets under management increased to $16.6 billion, pointing to a 5.4% rise this month.


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