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Digifinex Labs: Altcoin Season Signals: Positive 30-Day Performance and Growing Market Cap

Byrdoeg1
November 10
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.

Digifinex Labs: Ethereum and Bitcoin Users Revive Scalability Debate Amid Surge in Gas Fees

Byrdoeg1
November 10
A recent surge in transaction fees on both Ethereum and Bitcoin has rekindled discussions on scalability solutions and the role of layer 2 protocols.

Digifinex Labs: Bitcoin fees have surged nearly 1,000% since August, possibly driven by the renewed popularity of Ordinals

Byrdoeg1
November 09
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.

Digifinex Labs: The revival of FTX has been positive, with three suitors confirmed

Byrdoeg1
November 09
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.

Digifinex: The Next Crypto Bull Market: Traditional Finance Takes the Lead

Byrdoeg1
November 08
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.

Digifinex: New Ethereum Rollup Introduces zkSharding for Enhanced Scalability

Byrdoeg1
November 08
The ETH Foundation, known for its work on Ethereum scaling solutions, has unveiled zkSharding, a novel approach to scaling Ethereum with the aim of achieving faster transaction speeds while upholding the network’s economic security.

Digifinex: Cryptocurrency Attorney Believes $20M Settlement Would Be a 99.9% Win for Ripple

Byrdoeg1
November 07
Renowned cryptocurrency attorney John Deaton has offered his perspective on the ongoing United States Securities and Exchange Commission (SEC) vs. Ripple lawsuit, suggesting that a settlement of $20 million or less would represent a significant legal victory for Ripple.

Digifinex: US Lawmaker Proposes Slashing SEC Chair Gary Gensler’s Salary to $1

Byrdoeg1
November 07
A United States lawmaker has put forth a proposal to reduce the salary of the Securities and Exchange Commission (SEC) chair, Gary Gensler, to just $1 per year.

Digifinex Labs: Bitcoin Bulls Stand Firm at $34K as Trader Anticipates the Next BTC Price Move

Byrdoeg1
November 06
Recent data from Cointelegraph Markets Pro and TradingView has shown that Bitcoin’s price support remains intact, even after the close of Wall Street trading.