Ordinals – Ƀitsell X

Internet Computer Protocol Implements Threshold-Schnorr Signatures, Enhancing Bitcoin Integration

August 13, 2024

The Internet Computer Protocol (ICP) has integrated threshold-Schnorr signatures and onchain Bitcoin block headers as part of its Deuterium milestone. This development aims to expand the utility of Bitcoin within the decentralized economy, allowing for new applications previously hindered by Bitcoin’s lack of native smart contract support. ICP Introduces Threshold-Schnorr Signatures to Boost Bitcoin Compatibility…
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Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC Investor

June 23, 2024

Although Bitcoin-based decentralized applications (dapps) have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distinguishable from ether-based dapps. Yin, however, noted that the synchronization between bitcoin-based dapps and the Ethereum Virtual Machine (EVM) dapps still benefits the…
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Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop

April 25, 2024

According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial activities constituted only 18.8% of the transactions processed. As Runes…
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Bitcoin Miners Strike Gold: $107 Million Profit From Runes-Fueled Minting Spree

April 22, 2024

Bitcoin miners have struck a proverbial goldmine, reaping an astonishing $107 million in profits, according to data from Glassnode, a leading analytics platform. This unprecedented windfall, amassed on April 20th, underscores a significant shift in the revenue dynamics of Bitcoin mining operations. The meteoric rise in transaction fees serves as a bellwether for the evolving…
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The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

April 21, 2024

While the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the new token standard. The following is a look at several popular runes tokens, detailing their supplies and present market values.…
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Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets

April 20, 2024

In the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes exist on the Bitcoin blockchain, with several being offered on marketplaces such as Okx and Magic Eden. The Runes Economy Has Been Born Since their…
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Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services

April 17, 2024

On Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the…
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Runes Protocol to Debut Alongside Bitcoin Halving, Could Boost BTC Ecosystem

April 16, 2024

As the halving is set to occur between April 19-20, 2024, a substantial number of crypto enthusiasts are eagerly preparing for the Runes protocol. The concept of Runes was developed by the creator of Ordinals, Casey Rodarmor, and has been met with considerable enthusiasm since its announcement in September 2023. The following is a comprehensive…
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Coinbase to Add Worldcoin and Perpetual Futures Products for the Ordinals Next Week

April 5, 2024

Coinbase International Exchange has announced that it plans to list Worldcoin and Ordinals perpetual futures products on April 11. Coinbase exchange provides institutional clients with access to over 30 perpetual futures and spot markets and will add the perpetual futures, also known as perpetual swaps a type of derivative contracts. The Ordinals perpetual futures will…
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Binance NFT to Halt Bitcoin NFT Activities, Focus Shifts Away From BTC-Based Collectibles

April 4, 2024

In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The directive from Binance calls for users of its NFT marketplace to withdraw their Ordinal inscriptions by May 18, 2024. Binance NFT Marketplace to End Ordinal…
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Category: Ordinals