Bitcoin's BRC-20 and Ordinals Inscriptions: Unraveling the decline

Magic Eden on Bitcoin to suspend BRC-20 trading. BRC-20 transactions and Ordinals Inscriptions have declined over the past few weeks. The emergence of Ordinal Inscriptions and BRC-20 tokens The post Bitcoin's BRC-20 and Ordinals Inscriptions: Unraveling the decline appeared first on AMBCrypto.

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Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought $85K Rock

The "Unbroken Chain" fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin.

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BRC-20 developer Domo praises tokens for 6% of Bitcoin activity milestone

In a recent Bitcoin Startup Lab podcast episode, anonymous developer Domo spoke about the origins and future potential of the BRC-20 token standard he created for Bitcoin. Launched on March 8, 2023, BRC-20 tokens, which were developed using ordinal inscriptions of JSON data, are used to deploy token contracts, mint tokens, and carry out other related […] The post BRC-20 developer Domo praises tokens for 6% of Bitcoin activity milestone appeared first on CryptoSlate.

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OKX introduces staking-like function for BTC and BRC-20 tokens

OKX has announced a new feature that allows users to lock their bitcoin or BRC-20 tokens in return for BRC20-S tokens. This feature offers an additional service for users hoping to enhance their experience within the ecosystem. By locking up…

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OKX Wallet Introduces Staking Function For Bitcoin And BRC-20 Tokens

Cryptocurrency exchange OKX, has announced that its multichain wallet will now allow users to lock up and stake their Bitcoin (BTC) and BRC-20 tokens. This function is described as a token reward system for holders of Bitcoin and BRC-20 tokens.

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LFG Market Integrates Portal to Offer Trustless Cross-chain Ordinals Trading

Portal, a self-hosted wallet and true cross-chain Layer-2 DEX built on Bitcoin, is thrilled to announce that LFG Market, a marketplace for Ordinal NFTs and Bitcoin-based BRC-20 tokens, has chosen to integrate the Portal DEX protocol to offer users cross-chain trading of Ordinals and BRC-20 tokens.

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Magic Eden welcomes BRC-20 tokens to its multi-chain platform

In a stride towards diversification, NFT marketplace Magic Eden has recently divulged its initiative to assimilate BRC-20 token functionality within its open-source secondary marketplace and creator launchpad.

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Wallet providers introduce BRC-20 token support despite market drawdown

There are currently more than 34,000 types of BRC-20 tokens in circulation.

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Miners are moving Bitcoin to exchanges en masse

Quick Take In recent months, miners have been reaping considerable benefits from the surge in popularity of Inscriptions and BRC-20 tokens, particularly in the form of increased mining fees. An important trend has started to emerge, however: significant portions of miners’ balances are being transferred to exchanges.

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Bitcoin developers clash: Has BRC-20 tokens’ time run out?

Some developers of the Bitcoin network argued against Ordinals and BRC-20's existence. While others saw no problem, the market cap of the memecoins did witness a drop.  A fracas erupted in The post Bitcoin developers clash: Has BRC-20 tokens’ time run out? appeared first on AMBCrypto.

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Bitcoin miner fees stay elevated, boosting daily revenue to $1.8M

Quick Take Looking at Bitcoin miner fees, they are still elevated compared to previous years. The total fee paid to miners is currently around 70 Bitcoin per day, $1. 8 million. Before Ordinals and BRC-20 tokens became a thing this year, on average, miners received around 20 Bitcoin daily.

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BRC-20 Tokens: Exploring their Functionality, Value, and Outlook

BRC-20 tokens are quickly becoming the talk of the crypto world. Developed in March 2023 by anonymous programmer Domo, BRC-20 tokens are a new type of asset created and stored on the Bitcoin network.

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OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in […] The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CoinJournal.

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OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in […] The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CaptainAltcoin.

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OKX introduces BRC-30 token standard for bitcoin and BRC-20 token staking

OKX, a leading web3 company, has proposed the industry-first BRC-30 token standard, which enables users to stake BRC-20 tokens and bitcoin, allowing them to earn BRC-30 tokens.

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OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets

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Bitcoin Ordinals reaches milestone with BRC-20, but...

The number of Inscriptions shot beyond the 10 million limit. Despite the contribution of BRC-20 tokens, the price decreased. Since its introduction at the beginning of the year, the number oThe post Bitcoin Ordinals reaches milestone with BRC-20, but... appeared first on AMBCrypto.

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Bitcoin to launch its first USD-pegged stablecoin, details here

A total of 24,677 BRC-20 tokens minted with a market cap of $447 million. The total number of Ordinals inscriptions broke past 9 million at the time of writing. May of 2023 proved to be a reThe post Bitcoin to launch its first USD-pegged stablecoin, details here appeared first on AMBCrypto.

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Bitcoin's Hot Ordinals Economy is Getting a Dollar-Backed Stablecoin

Stablecoin issuer Stably is launching a dollar-backed stablecoin for traders of Bitcoin NFTs and BRC-20 tokens.

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Michael Saylor Qualifies His Endorsement of BRC-20 Tokens

Bitcoin maximalist and investor Michael Saylor is generally bullish but has expressed concerns about the potential for BRC-20 tokens to become unregistered securities. The post Michael Saylor Qualifies His Endorsement of BRC-20 Tokens appeared first on BeInCrypto.

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Bitcoin Network Rolls out BRC-20 Tokens, Learn How Avorak AI Looks to Take Advantage

Non Fungible Tokens (NFTs) are a great subject in the digital currency sphere. They entail a unique tool or digital aspect that only belongs to an owner. The NFT can also be utilized to earn income for investors.

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Why are Bitcoin transaction fees rising, and what are BRC-20 tokens?

Key Takeaways BRC-20 tokens were launched on Bitcoin in March 2023 Transaction fees spiked to all-time highs in May 2023 as network activity spiked Bringing memes and NFTs to Bitcoin has caused controversy Some argue the rising fees are vital to the security of the network, while others scoff at the activity for getting away […] The post Why are Bitcoin transaction fees rising, and what are BRC-20 tokens? appeared first on CoinJournal.

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Bitcoin miner revenue derived from fees drops to 7%

The cryptocurrency world has seen a new "flippening" as Bitcoin miner fees exploded due to the demand for Inscriptions and BRC-20 tokens. This unusual event even surpassed block rewards for miners.

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Can BRC-20 Tokens Become The Face of the Next Bull Run?

In May 2021, a Shiba Inu-inspired coin had retail investors flocking to cryptocurrency. Dogecoin was an unlikely marker of one of the all-time bull run highs. But it goes to show that when you find the right meme, you can chorale a community to show up in force.

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BRC-20 tokens add triple-digit gains as PEPE, bitcoin slip

While PEPE is dominating headlines, the meme token is nowhere close to the performance of other BRC-20-compliant assets that have been tracking higher, posting impressive gains in the last week of trading.

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OKX: Hub for Trading Bitcoin Ordinals

Leading Web3 technology firm OKX has announced plans to launch Ordinals Marketplace on OKX Wallet, enabling users to mint and trade Bitcoin Ordinals and BRC-20 tokens. This step highlights OKX’s ongoing support for the Bitcoin ecosystem, positioning the OKX Wallet as the only multichain wallet facilitating trading and minting of Ordinals, BRC-20 tokens, and NFTs […] The post OKX: Hub for Trading Bitcoin Ordinals appeared first on NFT News Today.

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DRC-20: Is It Time For Dogecoin to Shine Again Amidst the Latest Meme Coin Wave?

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OKX follows Binance in enabling support for Bitcoin Ordinals

Crypto exchange OKX said its wallet would soon support Bitcoin (BTC) Ordinals and BRC-20 tokens trading. According to a May 16 statement, the exchange would enable support for BRC-20 token trading and BTC cross-chain swap this week, while support for Ordinal inscriptions and token casting would be allowed in June.

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OKX Wallet launches Ordinals Marketplace to support BRC-20 trading

The Ordinals Marketplace will offer features that include minting and trading of Bitcoin Ordinals OKX Wallet to support Lightning Network and staking for Stacks (STX) and BRC-20 tokens OKX to attend the Bitcoin Builders Conference in Miami OKX, one of the leading cryptocurrency exchanges and Web3 technology company, today announced the launch of Ordinals Marketplace […] The post OKX Wallet launches Ordinals Marketplace to support BRC-20 trading appeared first on CoinJournal.

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BRC-20 Tokens Lose 40% Market Cap In 7 Days – Here’s Why

The crypto market has been looking to consolidate following a major price correction earlier in the week. One market that has felt the brunt of this correction is BRC-20 token which has suffered a major dip in its market cap.

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Ordinals and BRC-20 will disappear in a matter of months, says JAN3 CEO

The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow.

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BRC-20 tokens lose 600 million in market cap within four days

Quick Take On May 8, CryptoSlate reported that BRC-20 tokens hit a $1 billion market cap due to the soaring Bitcoin fees that miners were receiving. Yesterday, CryptoSlate reported that inscriptions might have run their course, with the average fee paid per block down from six Bitcoin to one Bitcoin.

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Bitcoin mempool starts to clear as fee paid per block falls back to one

The cryptocurrency space has been buzzing this week with BRC-20 tokens' market cap exceeding $500 billion, fueled by the rise of Ordinals earlier this year. CryptoSlate reported an unusual phenomenon: Bitcoin miners receiving more income from transaction fees than block rewards.

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Coinbase Newsletter Flags Rise of Pepecoin and BRC-20 Tokens, Irks Crypto Twitter

A Coinbase newsletter said meme coins allow investors to make big profits in a short period of time but warned of long-term investing in these tokens.

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Research: Ordinals, BRC-20 drive financial boon for Bitcoin miners

The introduction of NFTs and BRC-20 tokens on the Bitcoin network through the Ordinals Protocol has sparked debate over its effects on transaction fees and chain bloat. Despite these concerns, Glassnode data analyzed by CryptoSlate reveals unexpected benefits for Bitcoin miners.

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Litecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy

Transaction fees on the Bitcoin blockchain have hit a two-year high due to the growing popularity of so-called BRC-20 tokens.

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BRC-20 tokens surpass $1B market cap as wallet providers prepare integration

The growth in BRC-20 tokens comes just two months after the creation of the Bitcoin token fungibility protocol.

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BRC-20 tokens creating a frenzy as users pour BTC into minting tokens

BRC-20 tokens have created a frenzy over the last few days. Users are pouring BTC to mint the token that is settled on the Bitcoin Blockchain via Ordinals inscription. Bitcoin sidechain Mintlayer CEO Enrico Rubboli however feel that the technology to mint the BRC tokens is “heavily flawed and isn’t in line with the axioms […] The post BRC-20 tokens creating a frenzy as users pour BTC into minting tokens appeared first on Invezz.

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BRC-20 tokens have major flaws and issues, Mintlayer CEO says

Bitcoin BRC-20 tokens have skyrocketed over the past few days, with their combined market value rising to over $923 million as of 8 May, 2023. Mintlayer CEO Enrico Rubboli has highlighted some of the flaws and issues plaguing the BRC-20 token standard.

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Bitcoin addresses take an extreme nose dive

Bitcoin's record transaction counts due to the rise of BRC-20 tokens have revealed an intriguing anomaly: a negative correlation between transactions and active/new addresses. As these addresses hover around the 365-DMA, it begs the question: what's causing this unusual disconnect between transaction counts and address activity? Find out the hidden factors at play, and uncover how this could impact the future of the crypto market.

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BRC-20 tokens approach $1B market cap

Quick Take A total of 14,079 different tokens have been minted using the BRC-20 standard. BRC-20 is a token standard on the Bitcoin blockchain, named after Ethereum’s ERC-20. The idea of BRC-20 is to create fungible tokens via the Ordinals protocol.

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Ethereum [ETH] memes unwind: Does Bitcoin's BRC-20 wield the baton now

BRC-20's support for fungible tokens resulted in the birth of meme tokens. The crypto community called for lightning network adoption to solve the Bitcoin network jam.  The emergence of theThe post Ethereum [ETH] memes unwind: Does Bitcoin's BRC-20 wield the baton now appeared first on AMBCrypto.

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The new “flippening”: Bitcoin fees surpass block reward for miners

In this Alpha exclusive, we delve into the recent explosion of Bitcoin fees due to the emergence of Ordinals and BRC-20 tokens, and the role Taproot plays in their entry to the Bitcoin blockchain.

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Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High

The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project.

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Bitcoin BRC-20 token standard becomes new destination for meme tokens

The BRC-20 token market cap has seen a 600% rise in the past week, with its transaction volume overtaking standard BTC transactions on the network.

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First Mover Americas: BRC-20 Tokens Skyrocket

The latest price moves in bitcoin (BTC) and crypto markets in context for May 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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'Bitcoin Request for Comment' Tokens Surge to $137M in Market Value

The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.

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