What are inscriptions, ordinal numbers, runes? We recently shared the story of how the Ordinals protocol was added to the Bitcoin network in 2023. Users began using Ordinals to engrave unique data (NFT “inscriptions”) directly onto Bitcoin Satoshis, and soon Ordinals inscriptions allowed them to create fungible BRC-20 tokens on the Bitcoin blockchain. . Inscription-based Bitcoin NFTs and BRC-20 tokens have expanded the Bitcoin landscape to include both fungible and non-fungible tokens. The BRC-20 token has become quite popular and has a market capitalization exceeding $2 billion.Then, in September 2023, when Ordinals was at its peak of popularity, Casey Rodarmor,…
Author: Crypto Flexs
Read More
Bitcoin (BTC) tagged $59,000 at the May 2 Wall Street open as swing lows remained the BTC price floor.BTC/USD 1-hour chart. Source: TradingViewBTC Price Heads To $60,000Data from Cointelegraph Markets Pro and TradingView shows BTC/USD moving closer to the key $60,000 area.Bitcoin fell to $56,500 on May 1 before rallying on the back of dovish economic guidance from the U.S. Federal Reserve.With interest rates not changing as expected, Federal Reserve Chairman Jerome Powell has stepped up plans to cut interest rates at some point before the end of the year.“We know that lowering policy curbs too early or too much…
Phantom (FTM) price has been consolidating for some time and may continue to do so. This is because the altcoin has not shown a strong directional bias for several weeks. However, on-chain indicators are currently showing buy signals, which could help FTM break out of the consolidation. Buy Singlas Pop Up for Fantom Fantom’s price trading above $0.63 is supported by the Moving Average Convergence Divergence (MACD), which is a good sign that the altcoin is safe from diving anymore. This technical analysis tool measures the relationship between two moving averages of an asset’s price. This provides insight into momentum…
Meme coins often capture the imagination and wallets of investors looking for the next big thing. But identifying meme coins, which could potentially soar to 100 times their initial value, isn’t just about following social media popularity. There is more to it than just luck.How to find your next 100x coin?Here is a structured approach to finding those elusive 100x meme coins.Join the core cryptocurrency communityDiscovering the next big meme coin often begins in the busy chat rooms and discussion boards of cryptocurrency communities. Platforms like Discord, Telegram, and specialized forums are fertile ground for early buzz about what could…
Shares of Block (SQ) traded higher in the after-hours session on Thursday following first-quarter results that beat analysts’ expectations.Adjusted earnings per share of 85 cents beat consensus estimates by 13 cents, and revenue of $5.97 billion beat Wall Street’s forecast of $5.82 billion. Total profit was $2.09 billion, up 22% from the first quarter of last year.Notably, the Jack Dorsey-led company announced that it will begin adding more Bitcoin to its balance sheet and that it will open source its financial blueprint so that others can follow suit.Block, formerly known as Square, said it would invest 10% of its gross…
stack exchange network The Stack Exchange network consists of 183 Q&A communities, including Stack Overflow, the largest and most trusted online community for developers to learn, share knowledge, and build their careers. Visit Stack Exchange
Our weekly news roundup from East Asia selects the most important developments in the industry. Hong Kong Spot Bitcoin and Ether ETF Disappoints Six Hong Kong spot Bitcoin and Ether ETFs from three issuers have attracted just over $200 million in assets under management (AUM) since launching on April 30. This disappointed many who had high expectations due to the billions of dollars the United States had requested. Look for Bitcoin ETFs within a week of their debut in January. “We tried to warn everyone to lower their expectations about Hong Kong.” I left a comment. Bloomberg senior ETF analyst…
Our privacy policy, Terms of Use, cookie, and Do Not Sell My Personal Information has been updated.CoinDesk is award-winning Media outlets covering the cryptocurrency industry. Journalists must: Strict editorial policy. November 2023CoinDesk Acquisition Owner of Bullish Group stress, Regulated digital asset exchange. Bullish Group is majority-owned by: Block One; both companies understanding It has various blockchain and digital asset businesses and a significant portion of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect journalistic independence. CoinDesk employees, including journalists, may receive options from the Bullish group as part of their compensation.
Panama City, Panama, May 2, 2024, Chainwire AppLayer has unveiled the fastest and most powerful infrastructure for scaling applications based on Ethereum, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds, but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers. . AppLayer provides an EVM network that is 10x faster than standard Golang-based EVM networks, and delivers an even more impressive 65x execution speedup with C++ stateful pre-compilation. Imagine having both the fastest EVM in the game and the best tools to build on top of it. This is what…
The popular layer 2 scaling solution for meme asset Dogecoin (DOGE) has announced that it will shut down its wallet services next month. Mishaboar, one of Dogecoin’s developers, said in a new thread on social media platform says Investors will need to move their DOGE out of their Dogechain wallet and keep a copy of the wallet’s private keys before the June 1 shutdown. “Move your DOGE from http://dogechain.info (only use .info domain!) before June 1st. It is also important to keep a copy of the private keys of your Dogechain wallet. If you have an address that is still…