Tag: Fees

Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees

Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin […]

Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch

Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch Last month the Veriblock testnet represented more than 30 percent of BTC’s network transactions but the project took a hiatus before launching the protocol’s mainnet. When the project stopped, the BTC network’s mempool dropped, transactions per day were cut […]

Australian Banks Fraudulently Collected Fees From Deceased Customers

Australian Banks Fraudulently Collected Fees From Deceased Customers A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers. […]

Mastercard Fined $650M by EU for ‘Artificially’ Raising Fees

Mastercard Fined 0M by EU for ‘Artificially’ Raising Fees The European Union’s competition commission has handed Mastercard a €570 million euro ($ 648 million) fine for artificially raising payment processing fees in breach of antitrust laws, according to an online statement published on Jan. 22. Mastercard forced merchants to pay […]