Bitcoin Fees Reach All Time High. What To Do?
With the newly introduced token standard for Bitcoin (BRC-20) & Ordinals, Bitcoin fees have reached an all time high. Good or bad?
Building on Bitcoin is thriving, which is great, right? Not if you’re a centralized exchange like Binance or Bitcoin first country like El Salvador. In this edition, we unveil captivating stories that revolve around the surging Bitcoin fees, the advent of game-changing BRC-20 tokens, and the groundbreaking development around Ordinals. Get ready to stay ahead of the curve with our hand-picked selection of news that will leave you craving for more!
For the first time since block 500521 in 2017, a block hit total fees of 5.89 $BTC, close to the 6.25 $BTC block subsidy.
Binance paused and resumed withdrawals for Bitcoin due to high fees. Binance also is looking to integrate Lightning Network after the rise in fees.
Bull Bitcoin’s Francs Pouliot shares how much these fees impact businesses.
Bitcoin as payment system countries like El Salvador are heavily impacted by the high fees, paying $20 for getting $100 out of an ATM.
ALEX introduced the first DEX for BRC-20 tokens.
Xverse integrated BRC-20 balance to their Bitcoin wallet app, teasing the launch of BRC-20 token transfers and trading via ALEX.
Hiro wallet followed by integrating BRC-20 tokens themselves.
Trustless Computer launched BRC-20 token $ GM.
Ordinals Market introduced their native Bitcoin marketplace.
Web3 Discord alternative Console is testing with tokengated Ordinal communities.
Bitcheck introduced Ordinal verification for Discord, integrating Xverse, Hiro Wallet, OrdinalSafe and more wallets.
Sovryn introduced its SOV incentives for their stability pool.
Thanks for reading our weekly newsletter! Subscribe for free to receive new posts and support the Bitcoin builders community.