Bitcoin NFTs via Ordinals are the buzziest thing in the space lately, with more than 100,000 such media assets committed to the blockchain in barely two weeks. Surprisingly, that tally includes 535 NFTs from DeGods—the most valuable Solana NFT project. DeGods revealed the move on Monday as word circulated that the profile pictures (PFPs) had all been inscribed on Bitcoin…
Bankrupt crypto lender Celsius announced Wednesday that it has selected Novawulf Digital Management, a digital asset investment firm, to help bring its high-profile bankruptcy case to a close. The sale and reorganization plan was put forth by Celsius’ Debtors, with the full support of Celsius’ official unsecured creditors committee (UCC). The plan calls for the creation of a new company…
In this week’s newsletter, read about how France’s top contemporary art museum will display nonfungible tokens (NFTs). Find out why a founder of the Bored Ape Yacht Club (BAYC) copycat project, RR/BAYC, is opposing trademark applications from Yuga Labs. Check out how NFTs based on Ethereum lost 60% of their market capitalization, and learn how Bitcoin (BTC) non-zero addresses surged…
Bitcoin and select altcoins have rebounded sharply off their support levels, a possible sign that traders are buying the recent dip in the market. Source: https://cointelegraph.com/news/price-analysis-2-15-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc
El Salvador is planning to open a “Bitcoin embassy” in Texas, according to the country’s ambassador to the U.S. El Salvadoran ambassador Milena Mayorga said on Twitter yesterday that she had met with Texas Deputy Secretary of State Joe Esparza to discuss the idea. The Texas Secretary of State confirmed to Decrypt that they met with El Salvador’s ambassador to…
A federal judge has allowed identities of guarantors who signed on sureties for former FTX CEO Sam Bankman-Fried’s $250 million bond to be made public following a request from several news outlets. Court documents released on Feb. 15 showed that the two previously unidentified individuals were Andreas Paepcke, a senior research scientist at Stanford University and Larry Kramer, a former…
The European Commission announced the launch of the European Blockchain Regulatory Sandbox on Feb. 15. The sandbox will provide a space for regulatory dialog for 20 projects per year through 2026. The sandbox was first announced in 2020 and is being facilitated by a number of private firms that won tenders in 2022. Funding will come from the Digital Europe…
On Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon Vlassopulos, insists that “we are in an unprecedented era of innovation in the digital music space,” and he believes Web3 innovations can help musicians find new ways to connect with…
The judge presiding over Sam Bankman-Fried’s criminal case has ordered the names of his bond signers to be revealed, according to court documents. Andreas Paepcke put up $200,000 and Larry Kramer put up $500,000, the documents show. Both have worked at Stanford University—where both of the disgraced crypto mogul’s parents have worked. This is a breaking story and will be…
As the internet recovers from Rihanna’s red-hot Super Bowl performance, NFT fans are being frustrated by OpenSea’s decision to halt secondary sales of the NFT collection for her song “Bitch Better Have My Money.” Last week, Web3 music platform AnotherBlock split 0.99% of the total royalties to the song across 300 Ethereum NFTs. One of the song’s producers, Jamil “Deputy”…
