Bitcoin transaction fees have surged to a five-month high, with the average fee approaching $6. This increase is attributed to the rise of Bitcoin Ordinals, non-fungible tokens (NFTs) that store data directly on the blockchain.
Author: jose
The cryptocurrency space has recently seen a significant 23% surge in XRP’s value against Bitcoin within a week, marking the first time the Ripple Ledger (XRPL) coin has crossed the $0.68 mark since early August. This rise has propelled XRP to become the fourth-largest cryptocurrency, replacing BNB.
Shiba Inu (SHIB), the second-largest meme coin by market capitalization, has seen a surge in its burn rate and net inflows in the past week, indicating a growing demand and utility for the token.
Ethereum’s base layer is seeing a resurgence in activity relative to its Layer 2 (L2) ecosystem, as the hype and incentives around newly launched L2 networks subside. According to L2beat, the combined throughput of L2 networks has dropped by 32% since reaching a peak of 64.2 transactions per second (TPS) on Sept. 14.
Digital asset manager Valkyrie Investments has recently amended its spot Bitcoin (BTC) exchange-traded fund (ETF) filing with the United States Securities and Exchange Commission (SEC). The updated filing was made on October 30.
In a recent development, Bitcoin (BTC) whales have been aggressively accumulating, leading to a surge in transactions surpassing the $100,000 threshold. This marks a new high for the year and indicates significant activity among larger investors in the cryptocurrency space.
Neo, a blockchain platform that aims to create a smart economy, has announced the launch of a new sidechain called Neo N3 EVM. The sidechain is compatible with Ethereum’s EVM standard, which means that developers can easily deploy existing Ethereum smart contracts on Neo without any modifications.
Bitcoin (BTC) has reached a new milestone in its market dominance, surpassing 54% for the first time since April 2021. This indicates that the leading cryptocurrency is strengthening its position ahead of the halving event scheduled for April 2024.
Maestro, a popular Telegram bot that allows users to trade cryptocurrencies across multiple networks, has refunded all the users who lost funds in a recent smart contract breach.
Pepe, a frog-themed memecoin, has seen a significant price increase of 31% in the past 24 hours, reaching a two-month high of $0.00098 per token. The surge was triggered by a massive token burn that removed 6.9 trillion tokens, worth $5.5 million, from the total supply.