KingTiger Casino Temporarily Shuts Down Due To Ethereum Network Congestion

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 gave the reason for shut-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.

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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.

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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.

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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

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

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


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UMA, XRX, and FUN Gain Over 100% As Best Crypto Performers this Week

The global cryptocurrency ecosystem recorded a productive week, marked with a lot of cryptocurrencies soaring to new all-time highs (ATH). Amongst the digital currencies that saw new highs include Ethereum (ETH), which pumped to $1,689 on February 4th, Aave which soared to $506, and Maker which comes hit an ATH of $2,444.

Crypto Market Bull Run Sees Gains, UMA, XRX, and FUN As Best Performers For The Week 

Overall, the market was favorable to the majority of the digital currencies as those who did not record a new ATH also amassed as many gains as to delight their investors or HODLers.

The Superior Weekly Gains of UMA, XRX, and FUN

While a lot of cryptocurrencies boasted of notable gains, UMA (UMA), 0x (ZRX), and FunFair (FUN) came on record as the tokens with the biggest weekly gains of the top 100 cryptocurrencies by market capitalization.

UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. The protocol’s native token also dubbed the UMA has risen by 199.83% at the time of writing according to CoinMarketCap. The token’s growth has been impressive and coupled with a daily gain of 8.12%, the tokens are now changing hands at $30.06 per coin.

Another top gainer for the week is the 0x protocol, an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges. The network’s native token dubbed the ZRX has surged by 72.89% at the time of writing to complement the weekly surge of 134.89% to trade at $1.35 per token. Despite these gains, however, ZRX is still about 46.72% below its all-time high price of $2.53 set about 3 years ago.

The last of the top three gainers for the week is FunFair (FUN), a gaming blockchain network developed by Jeremy Longley, Oliver Hopton, and technology entrepreneur Jez San OBE. FunFair has recorded a 112.46% growth in the past week. FUN currently has a market cap of $290.9 million and worth $0.04421.

DeFi Tokens Were Also On The Spotlight

The week was also very favorable for the hoard of DeFi tokens out there. Aave soared to a new all-time high as noted earlier and Uniswap (UNI) surged by 36.89% for the week. Uniswap also recorded an ATH of $21.51 during the week.

While Yearn.Finance got attacked this week leading to a $2.8 billion loss, on-chain metrics is bullish for most DeFi tokens as investors are HODLing them as they are doing Bitcoin (BTC), and Ethereum (ETH).

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