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Runes Protocol Helps Sustain Bitcoin Mining Industry, But There’s A Catch
25.4.2024
The fourth Bitcoin halving may be considered to be the most memorable, as industry experts believe this event was unlike any other.
The post Runes Protocol Helps Sustain Bitcoin Mining Industry, But There’s A Catch appeared first on Cryptonews
Blackrock’s Bitcoin ETF Wallets Hold Over $20,000 in Runes Tokens, Arkham Data Shows
25.4.2024
Amid the excitement of Bitcoin’s new Runes protocol, Blackrock’s exchange-traded fund (ETF) wallets now contain over $20,000 worth of RSIC•GENESIS•RUNE tokens. Blackrock’s IBIT Benefits From Airdropped Runes Tokens On Thursday, Arkham, an onchain intelligence firm, revealed on social...
Marketplaces See Surge in Runes-Based DOG Token Trading, Market Cap Now at $319M
25.4.2024
On Thursday, the newly launched Runes protocol token named “DOG•GO•TO•THE•MOON” climbed to the pinnacle of Runes-based tokens in trade volume across non-fungible token (NFT) marketplaces, including Okx’s NFT market and Magic Eden. In 24 hours, the token amassed approximately $13.20 million...
Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop
25.4.2024
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...
Runes make up 68% of all Bitcoin transactions since launch
25.4.2024
Runes continues to make up the vast majority of Bitcoin transactions, however the fees earned by Bitcoin miners from Runes has slightly tailed off since the record-setting halving day
The Protocol: Analyzing Runes Impact as Bitcoin Fee Bonanza Fades
24.4.2024
Bitcoin Halving and Runes Protocol surge miners’ profits despite market challenges
22.4.2024
On April 19 2024, the Bitcoin halving event took place, cutting the block reward for miners in half from 6.25 BTC to 3.125 BTC per block. The event expected miners to have lower minting fees and the bitcoin prices to become more volatile, and it was thought to have implications for both traders...
The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens
21.4.2024
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...
Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets
20.4.2024
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....
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
20.4.2024
The Protocol: Bitcoin Halving Spectacular, With Runes, 'Epic Sat,' Stacks Nakamoto
17.4.2024
Unlike the last Bitcoin halving, a ho-hum affair where Covid-locked-down gawkers had little choice but to tune into livestreamed watch parties, the upcoming Bitcoin halving comes with project launches, competitions and IRL celebrations in Denver and Costa Rica
Runes Protocol to Debut Alongside Bitcoin Halving, Could Boost BTC Ecosystem
16.4.2024
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...