Weeks – Coin Network News https://coinnetworknews.com If it's coin, it's news. Mon, 18 Mar 2024 23:29:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 New ICO Green Bitcoin Introduces the Gamified Green Staking and Raises $6M in 2 Weeks https://coinnetworknews.com/new-ico-green-bitcoin-introduces-the-gamified-green-staking-and-raises-6m-in-2-weeks/ https://coinnetworknews.com/new-ico-green-bitcoin-introduces-the-gamified-green-staking-and-raises-6m-in-2-weeks/#respond Mon, 18 Mar 2024 23:29:39 +0000 https://coinnetworknews.com/new-ico-green-bitcoin-introduces-the-gamified-green-staking-and-raises-6m-in-2-weeks/ PRESS RELEASE. A new project called Green Bitcoin (GBTC) saw a sudden burst of popularity around the time when the original Bitcoin (BTC) saw its massive price surge. While Bitcoin skyrocketed to an all-time high, Green Bitcoin — currently still in presale — managed to raise $6 million in only two weeks. Green Bitcoin’s presale […]

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]]> https://coinnetworknews.com/new-ico-green-bitcoin-introduces-the-gamified-green-staking-and-raises-6m-in-2-weeks/feed/ 0 Jupiter Soars by Nearly 100%, Leading This Week’s Crypto Gainers https://coinnetworknews.com/jupiter-soars-by-nearly-100-leading-this-weeks-crypto-gainers/ https://coinnetworknews.com/jupiter-soars-by-nearly-100-leading-this-weeks-crypto-gainers/#respond Mon, 18 Mar 2024 15:39:36 +0000 https://coinnetworknews.com/jupiter-soars-by-nearly-100-leading-this-weeks-crypto-gainers/ Jupiter Soars by Nearly 100%, Leading This Week's Crypto GainersOver the past week, bitcoin and ethereum faced declines, while a number of alternative cryptocurrencies enjoyed significant appreciation. Notably, JUP soared by 99.5% against the dollar, with WIF climbing 42% and SOL increasing 37% in the same period. Alternative Crypto Assets Outshine Bitcoin and Ethereum with Double-Digit Growth This Week A plethora of cryptocurrencies, other […]

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]]> https://coinnetworknews.com/jupiter-soars-by-nearly-100-leading-this-weeks-crypto-gainers/feed/ 0 From RBN to FLOKI: This Week’s Crypto Winners and Losers https://coinnetworknews.com/from-rbn-to-floki-this-weeks-crypto-winners-and-losers/ https://coinnetworknews.com/from-rbn-to-floki-this-weeks-crypto-winners-and-losers/#respond Tue, 12 Mar 2024 09:08:40 +0000 https://coinnetworknews.com/from-rbn-to-floki-this-weeks-crypto-winners-and-losers/ From RBN to FLOKI: This Week’s Crypto Winners and LosersWhile bitcoin and ethereum have gathered 8.9% and 13.5% gains against the U.S. dollar this week, a large handful of crypto assets recorded double-digit rises. At present, the crypto economy is now valued at $2.72 trillion, up 3.62% over the past day. Crypto Economy Swells to $2.72 Trillion On Monday, over two dozen crypto assets […]

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]]> https://coinnetworknews.com/from-rbn-to-floki-this-weeks-crypto-winners-and-losers/feed/ 0 FLR and UNI Spearhead This Week’s Crypto Gains as Token Economy Holds Above $2 Trillion https://coinnetworknews.com/flr-and-uni-spearhead-this-weeks-crypto-gains-as-token-economy-holds-above-2-trillion/ https://coinnetworknews.com/flr-and-uni-spearhead-this-weeks-crypto-gains-as-token-economy-holds-above-2-trillion/#respond Mon, 26 Feb 2024 17:50:29 +0000 https://coinnetworknews.com/flr-and-uni-spearhead-this-weeks-crypto-gains-as-token-economy-holds-above-2-trillion/ FLR and UNI Spearhead This Week's Crypto Gains as Token Economy Holds Above $2 TrillionIn the last week, 23 cryptocurrencies experienced notable gains against the U.S. dollar, with flare (FLR) and uniswap (UNI) leading the charge. Concurrently, dymension (DYM) and helium (HNT) saw significant declines over the same period. FLR and UNI Lead Gains in a Diverse Week for Cryptos, Despite DYM and HNT Setbacks As of now, the […]

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]]> https://coinnetworknews.com/flr-and-uni-spearhead-this-weeks-crypto-gains-as-token-economy-holds-above-2-trillion/feed/ 0 New Wave of Bitcoin ETFs Acquire 264,232 BTC Worth $13.5B in Just 5 Weeks, Blackrock’s IBIT Leads Charge https://coinnetworknews.com/new-wave-of-bitcoin-etfs-acquire-264232-btc-worth-13-5b-in-just-5-weeks-blackrocks-ibit-leads-charge/ https://coinnetworknews.com/new-wave-of-bitcoin-etfs-acquire-264232-btc-worth-13-5b-in-just-5-weeks-blackrocks-ibit-leads-charge/#respond Sat, 17 Feb 2024 17:31:28 +0000 https://coinnetworknews.com/new-wave-of-bitcoin-etfs-acquire-264232-btc-worth-13-5b-in-just-5-weeks-blackrocks-ibit-leads-charge/ New Wave of Bitcoin ETFs Acquire 264,232 BTC Worth $13.5B in Just 5 Weeks, Blackrock's IBIT Leads ChargeIn the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on the current exchange rates. Leading the pack, Blackrock’s IBIT ETF holds a substantial 43% of this total, with 115,989.80 bitcoins in its coffers. $13.5B in […]

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]]> https://coinnetworknews.com/new-wave-of-bitcoin-etfs-acquire-264232-btc-worth-13-5b-in-just-5-weeks-blackrocks-ibit-leads-charge/feed/ 0 Ordinals sends LTC and DOGE network activity surging for 3 straight weeks https://coinnetworknews.com/ordinals-sends-ltc-and-doge-network-activity-surging-for-3-straight-weeks/ https://coinnetworknews.com/ordinals-sends-ltc-and-doge-network-activity-surging-for-3-straight-weeks/#respond Mon, 22 May 2023 06:07:33 +0000 https://coinnetworknews.com/ordinals-sends-ltc-and-doge-network-activity-surging-for-3-straight-weeks/

What began with developer Casey Rodarmor creating the Ordinals protocol to “inscribe” text and imagery on the Bitcoin (BTC) network has now made its way to Litecoin (LTC) and Dogecoin (DOGE) sending transaction volume on the two chains surging for the better part of a month. 

Recent network activity on Litecoin and Dogecoin networks. Source: BitInfoCharts.

On May 18, Dogecoin reached a new transaction volume record, with 1.2 million transactions in a single 24-hour period, according to data from BitInfoCharts. Similarly, on May 10, Litecoin reached its highest ever daily transaction volume with 584,000 transactions.

Ordinals first arrived on Litecoin after pseudonymous Twitter user Indigo Nakamoto offered 5 LTC — worth approximately $500 at the time — to anyone who could “port” the Ordinals protocol to the Litecoin network.

Some eight days later on Feb. 19 software engineer Anthony Guerrera succeeded and launched the Litecoin Ordinals protocol. In a similar way, DOGE enthusiasts copied the Ordinals protocol to create the same functionality on Dogecoin, choosing to name the new protocol “Doginals”.

However, what really drove network activity on Litecoin and Dogecoin to new heights was the later introduction of the respective LRC-20 and DRC-20 token standards in early May, that allowed users to create and issue entirely new memecoins on the two networks.

The monumental influx of activity on LTC and DOGE came around the same time that the Ordinals inscription the Bitcoin network went into overdrive, with a record 400,000 daily inscriptions on May 10.

Ordinals inscriptions on Bitcoin since December 2022. Source: Dune Analytics

The uptick in Bitcoin Ordinals inscriptions can be directly attributed to the introduction of the BRC-20 token standard which — according to data from Ordinals scanner brc-20.io — has seen more than 24,000 new tokens minted on the Bitcoin blockchain.

Magazine: Ordinals turned Bitcoin into a worse version of Ethereum — Can we fix it?