Digifinex Labs: Altcoin Season Signals: Positive 30-Day Performance and Growing Market Cap
A surge of green has swept through the entire cryptocurrency market, sparking speculation among X users (formerly known as Twitter) that a new altcoin season is on the horizon. Altcoin season, often referred to as “altseason,” is a period characterized by a collective rise in altcoin prices and an overall increase in the market capitalization of alternative cryptocurrencies. To gauge the potential onset of altseason, market participants are examining key indicators. Data from CoinMarketCap re...
Digifinex Labs: Altcoin Season Signals: Positive 30-Day Performance and Growing Market Cap
A surge of green has swept through the entire cryptocurrency market, sparking speculation among X users (formerly known as Twitter) that a new altcoin season is on the horizon. Altcoin season, often referred to as “altseason,” is a period characterized by a collective rise in altcoin prices and an overall increase in the market capitalization of alternative cryptocurrencies. To gauge the potential onset of altseason, market participants are examining key indicators. Data from CoinMarketCap re...
Digifinex Labs: Ethereum and Bitcoin Users Revive Scalability Debate Amid Surge in Gas Fees
A recent surge in transaction fees on both Ethereum and Bitcoin has rekindled discussions on scalability solutions and the role of layer 2 protocols. In the past 24 hours, cryptocurrency users have shared screenshots depicting double, and occasionally triple-digit transaction fees on Ethereum and Bitcoin. Reports show gas fees reaching as high as $220 for a high-priority Ethereum transaction, with other instances hovering around the $100 mark. Bitcoin users have reported fees of approximately...
Digifinex Labs: Ethereum and Bitcoin Users Revive Scalability Debate Amid Surge in Gas Fees
A recent surge in transaction fees on both Ethereum and Bitcoin has rekindled discussions on scalability solutions and the role of layer 2 protocols. In the past 24 hours, cryptocurrency users have shared screenshots depicting double, and occasionally triple-digit transaction fees on Ethereum and Bitcoin. Reports show gas fees reaching as high as $220 for a high-priority Ethereum transaction, with other instances hovering around the $100 mark. Bitcoin users have reported fees of approximately...
Digifinex Labs: Bitcoin fees have surged nearly 1,000% since August, possibly driven by the renewed popularity of Ordinals
According to CoinDesk, Bitcoin transaction fees have risen nearly 1,000% since August, and the data shows that the average transaction fee for the Bitcoin blockchain has reached $6.84, up about 970% from the low of $0.64 hit in August. Digital asset management firm 21Shares noted ina report on Wednesday that the surge was driven by an increase in Ordinals minting, with nearly 1.9 million inscriptions uploaded to the blockchain in the past two weeks. In addition, according to CryptoSlam data, ...
Digifinex Labs: Bitcoin fees have surged nearly 1,000% since August, possibly driven by the renewed popularity of Ordinals
According to CoinDesk, Bitcoin transaction fees have risen nearly 1,000% since August, and the data shows that the average transaction fee for the Bitcoin blockchain has reached $6.84, up about 970% from the low of $0.64 hit in August. Digital asset management firm 21Shares noted ina report on Wednesday that the surge was driven by an increase in Ordinals minting, with nearly 1.9 million inscriptions uploaded to the blockchain in the past two weeks. In addition, according to CryptoSlam data, ...
Digifinex Labs: The revival of FTX has been positive, with three suitors confirmed
Since John J. Ray III, FTX’s new chief executive, said in June that FTX had “begun soliciting interested parties to relaunch the FTX.com exchange”, Prominent companies including Nasdaq, Ripple Labs, Galaxy Digital, BlackRock, Robinhood and NYDIG have expressed interest in the FTX 2.0 reboot. Even firms such as BlackRock have been contacted and signed non-disclosure agreements to seek more details about the restructuring and exchange relaunch. Five months later, the news about FTX restart agai...
Digifinex Labs: The revival of FTX has been positive, with three suitors confirmed
Since John J. Ray III, FTX’s new chief executive, said in June that FTX had “begun soliciting interested parties to relaunch the FTX.com exchange”, Prominent companies including Nasdaq, Ripple Labs, Galaxy Digital, BlackRock, Robinhood and NYDIG have expressed interest in the FTX 2.0 reboot. Even firms such as BlackRock have been contacted and signed non-disclosure agreements to seek more details about the restructuring and exchange relaunch. Five months later, the news about FTX restart agai...
Digifinex: The Next Crypto Bull Market: Traditional Finance Takes the Lead
Forget cat memes; the driving force behind the next crypto bull market may not be where you expect it. Instead, it’s the traditional financial industry, or TradFi, that is poised to play a significant role. Prepare for the upcoming crypto marketing wave, but don’t anticipate it flooding your inbox with emails. Consider how traditional financial institutions market their Exchange-Traded Funds (ETFs). While some, like VanEck, openly target the Web3 community on platforms like X, most firms take...
Digifinex: The Next Crypto Bull Market: Traditional Finance Takes the Lead
Forget cat memes; the driving force behind the next crypto bull market may not be where you expect it. Instead, it’s the traditional financial industry, or TradFi, that is poised to play a significant role. Prepare for the upcoming crypto marketing wave, but don’t anticipate it flooding your inbox with emails. Consider how traditional financial institutions market their Exchange-Traded Funds (ETFs). While some, like VanEck, openly target the Web3 community on platforms like X, most firms take...
