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The Protocol: Analyzing Runes Impact as Bitcoin Fee Bonanza Fades
24.4.2024
Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit
23.4.2024
Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate has experienced a modest decline, though nothing...
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...
Bitcoin Layer 2 Coins, STX, ELA, SAVM, Outperform BTC After Halving
22.4.2024
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
21.4.2024
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees
Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply
21.4.2024
After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height 840,179, miners are now earning less bitcoin...
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...
93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving
20.4.2024
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a high-priority transaction cost of 492 satoshis...
Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts
20.4.2024
Following the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs between $52 and $78 per transaction at 10:30 a.m. Eastern Time on Saturday. The increasing fees have prompted a flood of comments from individuals...
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
This Bitcoin Halving Is Different. But Is It 'Priced In'?
18.4.2024
Institutions launching Bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year slashing of the bitcoin reward — will be relatively muted this time, as any pontential bump is “priced in”?
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, Casey Rodarmor's Protocol for 'Sh!tcoins' on Bitcoin, Set to Go Live at Halving
17.4.2024
Rodarmor created last year's breakout Ordinals protocol, which is used to create non-fungible tokens (NFTs) on Bitcoin. Now, he says the relevance of protocols like his new Runes, used to create fungible tokens, is set to grow
Runes Will “Close The Gap” Between Bitcoin and Ethereum: Franklin Templeton
17.4.2024
Runes tokens could usher in a DeFi market on Bitcoin that rivals that of Ethereum and Solana, Franklin claims.
The post Runes Will “Close The Gap” Between Bitcoin and Ethereum: Franklin Templeton appeared first on Cryptonews
Franklin Templeton unveils Runes as key to Bitcoin’s DeFi evolution
16.4.2024
Franklin Templeton, a renowned investment firm, has released a comprehensive analysis outlining how the integration of Runes could catalyze the growth of decentralized finance (DeFi) on the Bitcoin network. The analysis begins by examining the current state of decentralized finance on the Bitcoin...
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...
Bitcoin Meme Coin PUPS Fuelled by Hype Ahead of Runes Release
12.4.2024
Ordinals and Runes are both projects by long-time Bitcoin developer Casey Rodarmor, which has created trust and lent an idea of authenticity among users
Bitcoin's Halving May Be Here Sooner Than You Know (Again)
20.3.2024
Several months ago, the halving was expected to take place on April 28; now it's on track to land on April 18. Blame the surge in bitcoin's price, which has attracted more mining power and sped up the network
OKX Expands Token Support, Adds Atomicals, Stamps, Runes, and Doginals to Platform
30.1.2024
OKX, a prominent Web3 technology company, has announced its pioneering initiative to become the first platform to support four new inscription token standards, namely Atomicals, Stamps, Runes, and Doginals. On January 29, OKX announced its plans to add Atomicals and Runes to its marketplace as part...