On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been collected in fees. Ordinal Inscriptions Reach 1 Million This weekend, Ordinal inscriptions reached…
Conversations surrounding Bitcoin’s sustainability often touch on how much power the network consumes. But the mere fact that its power consumption is a known factor is notable, according to Canadian Bitcoin miner Hut 8’s CEO Jaime Leverton. “We see our energy use, really, as a feature of proof of work,” she said, referencing the process by which Bitcoin transactions are…
A bug introduced into SushiSwap four days ago was exploited late Saturday to drain about $3.3 million worth of Ethereum from a single user’s account. According to a Twitter post by blockchain security and data analytics company PeckShield, a wallet controlled by the victim—a prominent member of the Crypto Twitter community known as Sifu—was targeted by an “approve-related bug” in…
Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do. Russian Prosecutors Lobby for Powers to Confiscate and Auction Cryptocurrencies The Prosecutor General’s Office…
The bills state that the trustee must hold a sufficient amount of gold in reserve for all units of digital currency that have been issued and are still in circu… Source: https://cointelegraph.com/public/index.php/news/texas-lawmakers-propose-a-gold-backed-state-digital-currency
The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move. It is not only Bitcoin that is…
As per the proposal, the Foundation should proceed with its budget plan only after returning the tokens. “This is a symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation,” said a community member. Voting will end on April 14. At the time of writing, 55% of voters supported the…
Jim Rickards, an economist and the author of “Currency Wars,” says the U.S. Treasury is actually the biggest threat to the U.S. dollar’s status as a reserve currency. However, he cautioned that an increasing number of countries seeking alternatives to the dollar as a payment currency is also “a big deal,” emphasizing: “The dollar is being attacked from all sides.”…
Decentralized Pictures Plots Its Next Web3 Grant for Filmmakers Leo Matchett from Web3 film funding platform Decentralized Pictures tells Decrypt’s Jason Nelson at Outer Edge LA about DCP’s just announced iPhone Filmmaking Initiative, which will support aspiring filmmakers who create a short film on their iPhones, and will be determined via DCP’s crypto-native on-chain voting system. Source: https://decrypt.co/videos/live-events/WlVsgaOs/decentralized-pictures-plots-its-next-web3-grant-for-filmmakers
Illustration by Mitchell Preffer for Decrypt Crypto prices remained pretty frozen over the last seven days, except for Dogecoin. DOGE was undoubtedly the star of both Crypto and Twitter (and by extension, Crypto Twitter) this week, after the microblogging platform’s illustrious CEO, Elon Musk, changed the iconic blue bird logo to a picture of Doge, the Shiba Inu behind the…
