Introduction to Ordinals In this article, we’ll explore how Ordinals are used in the Bitcoin ecosystem to create a new type of NFT. Our intention is to provide practical information for creators, collectors, and all marketplace participants interested in engaging with Ordinals on Bitcoin.We’ll start with a high-level explanation of Ordinals and NFTs on Bitcoin, highlighting their characteristics and potential uses. Then we’ll delve into BRC-20, the token standard for these digital artifacts, and how it differs from tokens on other blockchains. We’ll touch on some controversies. And lastly, we’ll review a few important considerations for protection and inheritance in…
Author: Crypto Flexs
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Bitcoin NFT Surpasses Ronin in Sales VolumeRemarkably, sales of Bitcoin-based non-fungible tokens (NFTs) have skyrocketed over the past 30 days, reaching a staggering $148 million and surpassing previous records on the Ronin blockchain. This surge puts Bitcoin NFTs just behind leader Ethereum with $157 million in trading volume and ahead of Solana’s $77 million. Despite these achievements, the NFT market has suffered a significant downturn, with sales falling 40% across the top three chains, as reported by CryptoSlam.The altcoin market is bleeding amid an inexplicable economic downturn.The cryptocurrency market witnessed a dramatic decline, painting the charts red, with several altcoins…
Token Project • June 18, 2024 6:23 PM EDT Posted 1 minute ago In ~ Proposed by Arkham Intelligence. $150,000 to anyone who can clearly prove who created it. Solana with Donald Trump theme token.”Damn, we play. $150,000 to the first person to positively prove the identity of the creator $DJT,” Arkham Intelligence posted to X on Tuesday.This morning, the DJT token began to rise sharply due to unfounded reports that the former US president had launched the DJT token. According to GeckoTerminal, the token has risen more than 300% in the past 24 hours, hitting $0.02185 as of 5:31…
Despite choppy price action, unrealized profits for Bitcoin (BTC) investors remain constructive. However, according to Glassnode Insights, as the balance between demand and sell-side forces becomes more established, volume on all market sides is declining noticeably.Market profitability remains robustSideways price movements tend to reflect investor boredom and apathy, which appears to be the dominant reaction across all Bitcoin markets. BTC price is consolidating within a firm trading range. Investors are generally well-positioned, with over 87% of circulating supply retained at profit and cost basis below spot prices.Using the MVRV indicator, the average coin holds unrealized…
Bitcoin (BTC) has failed to regain $65,000 since the Wall Street open on June 18, as analysts predict further declines in the BTC price.BTC/USD 1-hour chart. Source: TradingViewThe moving average was broken as BTC price fell below $65,000.Data from Cointelegraph Markets Pro and TradingView shows that BTC/USD is struggling to maintain support near key trend lines.Bitcoin (BTC) fell another 3% on the day, continuing its downward trend that has now resulted in losses of up to $7,900 since it began on June 9.With various levels of support currently in the spotlight, market participants are beginning to warn that many of…
June 18th Bitfinex was the first to list LayerZero’s native token, ZRO. Posted at 14:24h From media materials Leah Rodriguez LORD TOWN, British Virgin Islands – June 18, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will be one of the first exchanges to list its native token, ZRO. Announced. LayerZero’s. LayerZero is a leading cross-chain protocol that facilitates the seamless interaction of decentralized applications across multiple blockchains. LayerZero works to improve blockchain interoperability, allowing developers to create more diverse and efficient applications. With the introduction of the ZRO token, LayerZero aims to further…
Uniswap has generated more than double the fees compared to other decentralized exchanges (DEXs) in the past 30 days, according to the latest data from Token Terminal. With nearly $100 million in fees last month, Uniswap DAO ranks highest among the top 20 DEXes. According to on-chain data, Uniswap DAO registered more during this period than the next four decentralized exchanges combined. Uniswap beats DEX with 30-day fees. As of June 18, Uniswap DAO accounted for more creation fees than PancakeSwap, Aerodrome, Uniswap Labs, and GMX combined. PancakeSwap and Aerodrome are both expected to top $20 million in June, while…
Cardano (ADA) founder Charles Hoskinson Recently, a cryptocurrency project was revealed that almost put Ethereum (ETH) to shame. childhood. This revelation follows Hoskinson’s comments about what he feared most during his time as Ethereum’s CEO: Cryptocurrency project that almost put Ethereum to shame to interview with Altcoin Daily, Hoskinson mentioned NXT as a cryptocurrency project that could replace Ethereum while it is still in its early stages. He claimed that NXT scared him the most among other cryptocurrencies when he was Ethereum CEO from 2013 to 2014. He also explained that he was scared because the cryptocurrency project appeared out…
Chinese court documents show that a 44-year-old suspect named Chen helped launder at least 250 million yuan ($34.4 million) through the personal bank accounts of former executives. Chinese authorities have uncovered a complex cryptocurrency fraud scheme that stole funds from local banks. National Business Daily, a Chinese financial news outlet, reported that former executives of Bank of Huludao, a northeastern Chinese bank, were involved. According to the report, a huge amount of funds, amounting to 1.8 billion yuan, or approximately $248 million, was withdrawn from the bank. Court documents show the 44-year-old suspect, named Chen, helped launder at least 250…
Eigen Labs acquires Rio Network and integrates LRT technology into EigenLayer for improved staking utility. Rio Network’s LRT technology is open sourced to standardize liquid re-staking across blockchains. EigenLayer increases the efficiency of decentralized finance by facilitating multi-chain asset security. Eigen Labs, behind the EigenLayer protocol, is expanding its capabilities with the acquisition of Rio Network and its innovative Liquid Restake Token (LRT) technology. Accelerating Open Innovation: Eigen Labs Rio Network Eigen Labs is pleased to announce the following acquisitions: @RioRestake We’ve assembled a team to accelerate our mission to create an open, verifiable cloud. The Rio team has over…