The bitcoin miner reserve has remained stable in February, and miners are still making a profit due to the appearance of Ordinals, NFTs on bitcoin blockchain. Meanwhile, BTC has had a good past few da...
Tag: Ordinals
Bitcoin Eyes $25K Again While Stacks Soars 50% on Ordinals Hype (Market Watch)
In a late Sunday dip, bitcoin dropped below $24,000 but managed to recover most losses and currently sits over $24,500 once more. Solana has soared the most from the larger-cap altcoins, while Stacks ...
Bitcoin Mempool Returning Back to Normal After Ordinals Rush
The Bitcoin Ordinal craze that took over the network last week appears to have lost momentum. As a result, the Mempool is returning to normal levels. Ordinals flooded the Bitcoin network last week as ...
Here’s What Makes Bitcoin (BTC) NFTs Ordinals Different
Vladislav Sopov Dotta, anonymous NFT developer and creator of ERC721 software license, explains what is special about Bitcoin (BTC) digital collectibles Contents Seasoned NFT developer on Ordinals: Mo...
Huge Shift For Bitcoin Miners With Ordinals: On-Chain Data
Bitcoin Ordinals: While the Bitcoin halving is considered the biggest event in the cryptocurrency’s life cycle, the onset of Bitcoin based NFTs could potentially go on to become the next biggest devel...
How the Ordinals movement will benefit the Bitcoin blockchain
The increasing popularity of Bitcoin NFTs, or Ordinals, will positively impact the Bitcoin network’s security and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer. A...
‘NFT Art Is Fairly Silly’ Says Casa CTO Jameson Lopp on Bitcoin Ordinals Rise
The crypto times, they are a-changin’. The recent hype around Bitcoin NTFs, also called Ordinals, has driven a key thorn in the side of the maximalist community. Instead of laying down the rails for “...
The impact of Ordinals on Bitcoin mempools & transaction size
Ad The introduction of the Ordinals Protocol, which enables the development of Bitcoin-based NFTs, has coincided with significant changes to mempool activity and transaction size, new data by CryptoSl...
What Are Ordinals? A Beginner’s Guide to Bitcoin NFTs
Ordinals are the new thing taking Bitcoin by storm. On Monday, February 13, Inscriptions using Ordinals passed 100,000 as users flooded the network with images, video games, and other content. Ordinal...
The Weekend Shift: Crypto, Apes, and Ordinals
Welcome to the 106th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write a...
Bitcoin Crosses $24K as Ordinals Takes the Network by Storm
Even as U.S. regulators step up their actions against cryptocurrency exchanges and their staking programs, the price of Bitcoin brushed near $24,300 on Wednesday, the highest point since August 2022, ...
Ordinals Support Comes to Bitcoin-Based Web Wallet Xverse
Xverse, billed as a “Bitcoin wallet for Web3,” just rolled out support for Ordinals, the newly popularized protocol allowing users to inscribe NFTs onto the Bitcoin blockchain. “Today, we’ve launched ...
Apes Come to Bitcoin Ordinals NFT – Trustnodes
The monkeys are coming as copycats on the new bitcoin based NFT protocol called Ordinals. A team from Dubai is launching 10,000 BAYC BTC, as well as some monkeys with Satoshi masks. They are not affil...
Ordinals Project: Chainspace NFT Portal linking Bitcoin, Ethereum
Chainspace has emerged to be an exciting new avenue. Ordinals project acts like Snapchat filters. New creativity is sparked among the Web3 builders with the smashing rise of Bitcoin NFTs by the Ordi...
Over 100K Ordinals Minted on Bitcoin, Bringing Cheers and Network Congestion
The number of Ordinal inscriptions passed 100,000 late Tuesday, proving that the project to bring digital assets natively to the Bitcoin blockchain continues to intrigue the crypto space since its lau...
There Are Now More Than 100K Ordinals Inscribed
Ordinals keep making headlines as there are now more than 100,000 inscriptions carried out on Bitcoin’s network. This has had a notable effect on the network state itself and has sparked a massive deb...
Ordinals Gain Momentum With 76,000 NFTs Minted to Bitcoin
Despite pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals ...
Ordinals minting sees uptrend as key metrics on Bitcoin [BTC]…
Active addresses and non-zero addresses increase as Ordinals mints surpass 80,000. Bitcoin has, however, remained at around 21,000 despite positive moves from Ordinals. Despite what appeared to be res...
Bitcoin Miners Generated $600K From Ordinals Transactions in 2 Months: Dune
Since the launch of the new controversial Bitcoin-based non-fungible token (NFT) protocol Ordinals in mid-December, miners on the largest blockchain have made nearly $600,000 in BTC transaction fees. ...
Bitcoin miners already made nearly $600K from Ordinals’ NFT transactions
Bitcoin (BTC) miners have earned nearly $600,000 in two months from a new controversial nonfungible token (NFT) protocol called Ordinals that has triggered a surge in user activity. What are Bitcoin O...
Bitcoin Taproot Utilization Hits New ATH, Thanks To Ordinals
Data shows that Bitcoin taproot utilization has now hit a new all-time high, thanks to the emergence of Ordinals on the network. Bitcoin Taproot Utilization Hits New All-Time High Of 4.2% According to...
Bitcoin non-zero addresses surge to 44m thanks to Ordinals
Bitcoin non-zero wallet addresses have hit an all-time high of 44 million after the launch of Bitcoin Ordinals. Glassnode notes that this is the first time the network has been used for non-monetary p...
Bitcoin ordinals pump and dump using stolen images and copyright
Bitcoin inscriptions using ordinals are becoming increasingly popular. As the hype cycle begins for the “NFTs on Bitcoin” movement, profiteering ordinals pump groups have quickly sprung into action. A...
What’s the Impact of Ordinals on the BTC Network? (Research)
NFTs have come to Bitcoin – and they’re quickly taking the network by storm. On Wednesday, BitMEX blog provided reviewed the adoption of Ordinals, the NFT-enabling protocol that’s been a subject of he...
Ordinals NFT Popularity to Blame
Ordinals NFTs have pushed transaction fees on the Bitcoin network to the highest levels since November 2022, shows on-chain data from IntoTheBlock. Transaction fees on the Bitcoin network have doubled...
Decoding Ordinals NFT project on Bitcoin- Can it compete with ETH NFTs?
Bitcoin-native NFTs recorded a 25% growth in network fees. Bitcoin mining revenue rose sharply, powered by an increase in transactions. The new Ordinals NFT platform on Bitcoin [BTC] recorded exponen...
Ordinals Project Surpasses 11,000 NFT Mints In Weeks Amid Criticisms From Bitcoin Maxis ⋆ ZyCrypto
Advertisement     Ordinals project has recorded 11,000 NFTs Mints on the Bitcoin Network within weeks of launch. Despite criticisms of a cross-section of Bitcoin faith...
Bitcoin Sees Spike in Transfer Fees Following Ordinals Launch ⋆ ZyCrypto
Advertisement     A week after Bitcoin’s controversial NFT platform rocked the centre of crypto discussions, transaction fees on the blockchain are beginning to see a ...
Crypto Analyst Tweets About Rising Fees To Inscribe Ordinals
Crypto analyst posted that the Ordinals inscription fees is on the rise Dune analytics revealed that $127k has been spent on inscribing Ordinals on the BTC blockchain. The analyst said that Prdinals i...
Data on Taproot Ordinals points to higher Bitcoin fees, chain bloat
A Taproot Wizard jpeg was mined into the Bitcoin blockchain on Feb. 1, sparking debate on the appropriate use of network resources, particularly inefficiencies due to increased block size. This was po...
Taproot Usage Soars Amid Rising Interest in Ordinals on Bitcoin
Ordinals – a new and controversial Bitcoin-based protocol – is making its mark on-chain with a record number of Taproot-related transactions, according to the blockchain data provider Glassnode. Neve...
More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain – Bitcoin News
Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam among some Bitcoin circles, even though the procedures to issue them are far from user-friendly. The protocol, whic...