In all probability, it was a simple mistake, the result of a user setting the Bitcoin transaction fee manually. This sort of thing has happened before—someone made an even costlier blunder this past June, dropping $2.6 million in fees to send $130 in ETH. It was the highest transaction fee ever paid to transfer Ethereum.
Yet another "goose egg" transaction, this time on Ethereum. Someone paid $2.5m USD in transaction fees, to send $133. They almost certainly swapped the fee with the amount to send.https://t.co/3Vp8iHTgGP
Since there was no change from the Bitcoin transaction, the blockchainblockchain explorer Blockstream suggested that it may have been a self-transfer.
According to Bitinfocharts, the average Bitcoin transaction fee is just 0.00025 BTC, or $4.45. That’s down from over $13 (a high for the year) in October. In fact, in late October, a crypto whale was able to move more than $1 billion worth of BTC from Bitcoin wallet provider Xapo to an unknown address and only pay $3 in fees for the transfer.
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Ethereum investment products generated $205 million worth of inflows last week following the asset’s climb toward $2,700—far more than the $1.5 million a week prior—according to a report from crypto asset manager CoinShares on Monday.
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Strategy and Metaplanet both announced huge Bitcoin buys on Monday, as the world's biggest cryptocurrency edges closer to fresh all-time highs.
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