According to a report compiled by @dgtl_assets of Dune Analytics, the total network fees paid for the minting of Bitcoin Ordinals reached 1,414 Bitcoin (BTC), or $38.2 million, on May 20, representing an increase of 700% from April 20 and 831% from April 1, respectively. An analysis shows that despite continued interest in Bitcoin NFTs, the overwhelming majority of Bitcoin…
Three Arrows Capital is currently undergoing bankruptcy proceedings and owes an estimated $3.5 billion to creditors. Source: https://cointelegraph.com/app/public/index.php/news/bankrupt-crypto-hedge-fund-3ac-s-nft-auction-fetches-2-5m
As mentioned, the story took off with colored coins, which were created to represent and manage ownership of real-world assets on the blockchain. They were different from Bitcoin (BTC) because of the “nonfungible” element that provided them with a unique utility. Demonstrating a humongous leap in Bitcoin’s capabilities, colored coins were composed of tiny fractions of a Bitcoin, which could…
Nonfungible tokens (NFTs) are finally on the most infamous privacy-focused blockchain, but not everyone is happy about it. Mordinals, or Monero Ordinals, are similar to Bitcoin Ordinals in that they allow anyone to inscribe data alongside transactions stored on the Monero blockchain. From reduced privacy on the network to storing illegal content on an undeletable database, the Monero community is…
A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and other popular tokens. Crypto funds…
Meme coins are on the rise in unfamiliar places thanks to Ordinals, the project launched in January on the Bitcoin network. It started with an NFT-like effort to “inscribe” assets like artwork and profile pictures onto Bitcoin’s blockchain, but soon evolved to support BRC-20 tokens minted using the same protocol. Now, thanks to the sensation surrounding Ordinal inscriptions and meme…
Cloud storage has revolutionized the way we store, access and share data. It has evolved into a vital resource for both individuals and companies because of its many benefits, including scalability, accessibility and cost-effectiveness. However, it is crucial to use cloud storage wisely if one wants to fully realize its potential. This article provides some strategies on how to maximize…
The ongoing case of the Securities and Exchange Commission v Ripple Labs could have a significant impact on the future of cryptocurrency regulations. Ripple first popped up in 2012 with the promise of providing financial institutions and other entities with faster, more affordable clearance of cross-border fund transfers. To that end, Ripple created the XRP Ledger and a cryptocurrency called…
The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrow Capital’s (3AC) nonfungible tokens (NFT) collection fetched a total of $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby’s, highlighted collectibles on sale include Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187, and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler…
Ledger Recover is an over-the-air firmware update allowing users to back up their seed phrases by third-party entities if they opt-in to the new service. Source: https://cointelegraph.com/app/public/index.php/news/ledger-co-founder-clarifies-there-is-no-backdoor-in-recover-firmware-update
