Binance adds Bitcoin Ordinals as BRC-20 tokens near $1 billion total value
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Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in YearsFor the first time since 2017, some bitcoin miners are getting paid more to process transactions on the blockchain than they’re rewarded for creating new $BTC – potentially good news following the battering the industry has faced. reports
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Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues – Exchanges Bitcoin NewsThe implementation of the Lightning Network by Binance would allow users to have the option of sidestepping the high fees collected by the BTC network when experiencing this kind of congestion.
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Bitcoin-based BRC-20 tokens push combined market value over $900MTokens created on Bitcoin through the Ordinals protocol have exceeded a total market value of $900 million, highlighting the rapid rise of an emerging asset niche.
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Bitcoin’s ‘BRC-20’ Explosion Sends Users Scrambling for Options, Including LightningBRC-20 transactions are making Bitcoin expensive to use and causing exchanges like Binance to adopt Lightning, but AnitaPosch and MarceMR19 say high fees are toughest on the people who need Bitcoin the most FrederickMunawa reports.
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Ordinals inscriptions approach 4.8M, nearly doubling in just over a weekThe number of Ordinals inscriptions on the Bitcoin blockchain has skyrocketed following the introduction of the BRC-20 token standard and the influx of new fungible assets minted on BTC.
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The Importance of Binance's Request for Information (RFI) Process | Binance BlogAt Binance, protecting user assets is our top priority. We apply strict protocols and industry-leading technical measures to ensure our platform remains secure. Read below to learn what the RFI process is and how we use it to protect users.
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