Just a few months after the very first NFT was inscribed into Bitcoin, developers are trying to imbue the age-old blockchain with another new-age technology: rollups. At least that’s what Rollkit—a self-described “modular framework for rollups”—claimed over Twitter on Sunday, revealing a research integration that would allow “sovereign rollups” on Bitcoin. According to Rollkit, its new rollup solution lets users…
Just a few months after the very first NFT was inscribed into Bitcoin, developers are trying to imbue the age-old blockchain with another new-age technology: rollups. At least that’s what Rollkit—a self-described “modular framework for rollups”—claimed over Twitter on Sunday, revealing a research integration that would allow “sovereign rollups” on Bitcoin. According to Rollkit, its new rollup solution lets users…
Luxury brand Hermès notched a major legal victory last month against MetaBirkins, an NFT collection found to have violated trademarks protecting the French designer’s Birkin handbag. But despite the ruling’s historic nature, Hermès still isn’t satisfied. The luxury house filed a motion on Friday asking for the court to issue a permanent injunction specifically barring MetaBirkins creator Mason Rothschild from ever…
Billionaire Mark Mobius, founder of Mobius Capital Partners, says he cannot take his money out of HSBC in Shanghai, China. Citing severe capital control by the Chinese government, he stressed: “It’s crazy … They’re putting all kinds of barriers.” Mark Mobius Has Trouble Getting His Money Out of HSBC in China The founder of Mobius Capital Partners, Mark Mobius, revealed…
The auction for Yuga Labs’ inaugural Bitcoin Ordinal nonfungible token (NFT) collection has ended, netting the firm $16.5 million in just 24 hours. A total of 288 bidders won one of the Bitcoin NFTs from the “TwelveFold” collection. Yuga said the winners will receive their inscription within one week, while the unsuccessful bids will have their bid amount returned within…
Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million “fraudulent scheme” that never mined the crypto it said it would, according to allegations by the United States Securities and Exchange Commission (SEC). The regulator filed a complaint in a Utah District Court on Mar. 3 against Green United, its founder, Wright…
Thousands of developers, hackers, and crypto and blockchain enthusiasts descended upon Denver, Colorado in the United States for the ETHDenver conference from Feb. 24 to Mar. 5. With accommodation a limited resource in the Colorado capital city, many opted to seek refuge from the crowds and tight quarters at “hacker houses” — where sleep is optional and networking is the…
Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive crypto adoption for payments will solidify in three years. Ripple Crypto Payments Study Shows Latam…
The hopeful optimism of Bitcoin (BTC) traders seemed to dissipate in the first week of March as key on-chain metrics provided resistance. Now Bitcoin price is threatening a retest of the $22,000 level and a wave of short sellers would stand to profit if that occurred. If the short sellers’ strike price hit, some analysts believe Bitcoin price could drop…
The judge overseeing crypto broker Voyager Digital’s bankruptcy proceedings had harsh words for an objection from the Securities and Exchange Commission during a court hearing Monday. Without certain protections for “persons” involved in Voyager’s restructuring plan, which includes selling its distressed assets to Binance US, there would be “a sword hanging over the heads of anybody who’s going to do this…
