NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

KingTiger Casino Temporarily Shuts Down Due To Ethereum Network Congestion

Asad Gillani
Asad Gillani
4 years ago
2 mins read
KingTiger Casino Temporarily Shuts Down Due To Ethereum Congestion

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

KingTiger Casino recently went out of operation due to Ethereum congestion issues. The online casino announced that they wouldn’t be operating until they get a suitable solution for their users.

On their website, the company said they shutting-down due to congestion on the Ehereum network. According to them, it has become impossible to run their games on the network with their current format.

Related Reading | Coinbase Removes USD Coin (USDC)” Backed By Dollar” Statement

For now, KingTiger Casion is searching for a better solution to accommodate their new games and advanced features. Presently the casino services are not working, but users are still able to access their wallets.

Funfair Technologies, the owner of KingTiger, also allows users who wish to create new accounts to do it. Also, KingTiger Casino has assured non-custodial wallet users that they can still control their assets. They assured these users that they could keep their funds in their personal wallets until they want or move them to an ERC-20 address.

A Brief On Funfair And KingTiger

KingTiger was using the FUN token to operate. This is not surprising since the parent company, Funfair technologies, is behind the FUN token based on smart contracts. Funfair technology is a gaming platform using Ethereum smart contracts to execute transactions.

The platform is decentralized and was launched in 2017. The company is yet to make further statements concerning this temporary shutdown of its casino.

Ethereum Hard Fork To Provide Alternative To These Problems

One of the reasons that made the recent London hard fork commendable is that it aims at solving the Ethereum network issues. Before now, there were unsteady transaction fees and a lack of scalability.

Also, the network was becoming too congested following the rise of DeFi and NFTs on the network. But with this upgrade, the community is hoping to see a solution to the scalability issues.

Related Reading | Lionel Messi To Get Paid In Crypto For Joining Paris Saint Germain

With the hard fork, there is now an additional 800 deflationary blocks formed following the excessive burning of ETH that surpassed mining rewards. As a result, this mechanism automatically decreased Ethereum supply temporarily.

KingTiger Casino Temporarily Shuts Down Due To Ethereum Congestion

At the time of writing, ETH targets to cross the $4k mark following Bitcoin's growth | Source: ETHUSD on TradingView.com

After the upgrade, the price of Ethereum went as high as $2,000 and later broke the $3000 level. However, as of now, the transaction fees on the Ethereum network are still high. Before the upgrade in July, the transaction was as low as $4 but has now added $16. But even at its level, it is still lower than the $33 which Uniswap charges on its network.

Featured image from Pixabay, chart from TradingView.com
Tweet123Share196ShareSend
Asad Gillani
Asad Gillani

Asad Gillani

Asad is a freelance writer. He is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood and loves listening to folk music.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ethereum

Ethereum Drops Below $4,000 – Analyst Points To 6 Factors Fueling The Selloff

Earlier today, Ethereum (ETH) slid below the psychologically important $4,000 level for the first time since August 8. The fall...

Ash Tiwari 5 hours ago
Ethereum

Ethereum On-Chain Bloodbath: Rugs And Scams Erode Retail Confidence, What To Know

The on-chain ecosystem of Ethereum has recently been rocked by a wave of scams and rug pulls, creating a period...

Godspower Owie 9 hours ago
11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

Ethereum is struggling to defend the $4,000 level after losing more than 11% of its value since Monday. The sharp...

Sebastian Villafuerte 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Dives Sharply

Ethereum Dives Sharply – $4,000 Break Sparks Concerns Of Extended Downtrend

Aayush Jindal 4 hours ago
Bitcoin price

Expert Prediction: Bitcoin Price Could Hit $200,000 By June 2026, Claiming 50% Probability

Ronaldo Marquez 4 hours ago
Bitcoin Price Breaks Down

Bitcoin Price Breaks Down – Support Fails As Traders Question If Bulls Return

Aayush Jindal 5 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望 ― 0.30ドル到達と「買うべきミームコイン」論争

    ドージコイン 今後の展望 ―...

    17 hours ago
  • リップル 今後の展望:RLUSDステーブルコインがマネーマーケットファンドに統合

    リップル...

    17 hours ago
  • 仮想通貨プレセール動向:次世代ビットコインレイヤー2が資金を集める

    ...

    17 hours ago
  • テザーが5,000億ドル規模の資金調達を計画、今注目すべき仮想通貨おすすめ

    ...

    18 hours ago
  • 新しい仮想通貨のプレセールが250万ドル目前、投資家が急増中

    ...

    18 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.