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Someone Sent $166 Million in Bitcoin for Just $1.25 in Fees
Sometime yesterday, you may have heard the sound of giddy laughter. If you did, it may have been coming from whoever sent 8,692 Bitcoin for the fee of just 0.0000652 BTC. In dollar terms, with Bitcoin fetching around $19,000 over the past few days, that equates to paying $1.25 to send $166 million. Try doing that at your local bank. The sender made off like a bandit. The average transaction fee yesterday was 0.00023 BTC ($4.32), according to data from BitInfoCharts. Unlike for traditional financial institutions, there’s no set price (or percentage) to send crypto over the Bitcoin network. Strictly speaking, fees ... (full story)
