Fees on the bitcoin core network have reached their lowest in seven years with the median cost of sending BTC currently standing at 011 While there are several reasons why BTC fees are low one of them is obvious less people are using the network The number of daily transactions has dropped sharply since last year and has declined further in the past month

The Twitter and Square CEO is solely focused on Bitcoin

Cryptocurrency traders in Japan currently can be taxed as high as 55 on their profits However regulatorsare now contemplating whether the taxation of crypto transactions should be changed from a progressive rate to a uniform rate

Fees on the bitcoin core network have reached their lowest in seven years with the median cost of sending BTC currently standing at 011 While there are several reasons why BTC fees are low one of them is obvious less people are using the network The number of daily transactions has dropped sharply since last year and has declined further in the past month