A project called Ordinals has launched on the Bitcoin blockchain, effectively enabling Bitcoin-native on-chain NFTs. Led by former Bitcoin Core contributor Casey Rodarmor, the protocol is a convention for numbering and transferring individual satoshis on the Bitcoin network.
Jeff Bezos’s tech giant is omnivorous. Originally an online retailer, Amazon has expanded into web hosting, groceries, and-most surprisingly- health care. And as of last Thursday, the trillion-dollar behemoth was rumored to be making a play for the NFT market.
Blur, an NFT marketplace, has quickly established itself as a primary trading platform since its October launch. According to Dune Analytics, Blur controls 30% of the total NFT market. According to crypto market participants, Blur’s rise is linked to the upcoming launch of its native token.
According to the most recent announcement, the Ethereum Zhejiang public withdrawal testnet will go live on February 1 at 15:00 UTC.
Today’s Ethereum price analysis reveals the cryptocurrency price is moving in a bullish manner as an upward trend has been following, and the price has undergone a notable improvement in the last 24 hours. The bullish upswing has resulted in an impressive enhancement in the price as its value has upgraded to $1,546, as the …
Ethereum (CRYPTO: ETH) developers are planning another upgrade, set to be released sometime this March. Building off its previous upgrade, known as The Merge, this next one is being referred to as Shanghai and will allow users to withdraw staked Ethereum that was previously locke
Summary: The trading company founded by Sam Bankman-Fried hopes to recover repaid loans from bankrupt Voyager Digital. FTX lawyers filed the lawsuit on behalf of Alameda to recover around $445.6 million for creditors of the sunken crypto exchange. The court document accused Voyager of gross misconduct and lending customer funds to entities like Three Arrows Capital with no due diligence.
Bitcoin BTC/USD traded lower this morning, but remained above the key $23,000 level on Tuesday. Ethereum ETH/USD also moved lower, dropping below the $1,600 mark this morning. Threshold (CRYPTO: T) was the top gainer over the prior 24 hours, while BitDAO BIT/USD turned out to be the biggest loser.
Many people are excited about the future of Ethereum staking. Things will look very different following the upcoming Shanghai upgrade. However, it remains to be seen whether the network can sustain its hundreds of thousands of validators. Since its transition to proof-of-stake, people have been able to commit funds to the dedicated Ethereum staking contract.
is preparing to launch a user-facing dress rehearsal of its much-anticipated Shanghai upgrade, with a public testnet of the software set to go live Wednesday morning. The public testnet, dubbed , will allow any user to simulate the process of withdrawing staked ETH.
InvestorsObserver analysis gives Ethereum an average risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity.
Twitter will initially integrate with fiat and later accept digital assets as a form of payment. Twitter has made several hires in the software development team to build Musk’s ‘super app’ that can process payment. A report by media outlet Financial Times (FT) has noted that Elon Musk’s social media giant Twitter Inc.
As such, it’s no surprise that Ethereum is quickly becoming an integral part of the global economy. It is pretty interesting where the Ethereum price goes when global mass adoption hits the network. Read on and find out how this technology is reshaping the world of finance.
Individuals who have a lot of money invested in Ethereum don’t always limit themselves to just one cryptocurrency. They often spread their wealth around. That’s exactly what has been happening recently, according to crypto tracking website WhaleStats. Ethereum whales are especially buying these three cryptocurrencies hand over fist.
Bloomberg Analyst Issues Bitcoin and Ethereum Warning, Says Looming Recession To Weigh Down on Crypto – The Daily Hodl
Bloomberg Intelligence senior macro strategist Mike McGlone is warning the economy is likely to enter a recession, resulting in a drop in cryptocurrency values. In a new interview with crypto influencer Scott Melker, McGlone predicts that the stock market, business earnings and crypto are all going to take a hit in a looming economic downturn.
According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the “Zhejiang” public withdrawal test net will launch on Feb. 1 at 15:00 UTC. Six days after Zhejiang, the Shanghai and Capella testnets will also be triggered at epoch 1350.
The Emergence of New Crypto Players Some of these digital currencies have gained widespread recognition and adoption. For example, Big Eyes Coin has already raised $20.15 million in Stage 10 of its presale, which is quite a remarkable feat considering the fact that it has already rung alarm bells for big players in the industry.
DALLAS, January 31, 2023 – Famed NFT artist Micah Johnson is raising awareness for the American Heart Association, a global force for healthier lives for all, to release a limited edition non-fungible token (NFT) in support of American Heart Month. …
Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utility of NFTs (non-fungible tokens) directly from the blockchain, essentially creating native Bitcoin NFTs.
NFT Investments PLC – Invests in non-fungible tokens – Earlier in January, NFT Investments noted a cyber security incident, which result in a USD250,000 loss of the company’s assets. On Tuesday, said that following the attack, it immediately engaged its legal team in the US and succeeded in obtaining a temporary restraining order in Delaware.
Bored Ape Yacht Club creator Yuga Labs has dismissed the provocative claims made by artist Ryder Ripps as a preposterous ” conspiracy theory,” calling them ” slanderous” and vowing to fight back (albeit with a lawsuit premised on trademark infringement rather than slander).
NFT Investments successfully obtains restraining order to freeze assets stolen following cybersecurity attack
NFT Investments invests in a diversified portfolio of NFTs, cryptocurrency, and in companies or funds which have exposure to NFT or blockchain technology NFT Investments PLC (AQSE:NFT), an Aquis-listed investment firm specialising in the market for NFTs, has provided an update concerning a cybersecurity incident first announced on January 12, 2023.
AUSTIN, Texas, Jan. 31, 2023 (GLOBE NEWSWIRE) — At Aleph.im, we are excited to introduce fully-decentralized NFT smart contracts for Tezos in collaboration with Ubisoft, one of the most innovative players in the video game industry. Since December 2021, we have been facilitating various blockchain-powered initiatives by Ubisoft’s Strategic Innovation Lab.
NFT-like bitcoin inscriptions have become a hot topic in a long-running debate among Bitcoiners: How much non-financial transaction data should the Bitcoin community want to include on its blockchain? The debate is old enough to trace back to Satoshi Nakamoto.
If your social circle was anything like mine, NFTs have kinda gone the way of cryptocurrency.
In conjunction with the 50-year anniversary of the iconic science fiction and horror B movies tribute musical The Rocky Horror Show, Dr. Frank-N-Furter and Co. are being issued as NFTs.
Sorare has secured an NFT licensing deal with English Premier League. Sorare will pay £120 million to create and distribute digital sports cards featuring players from the top football clubs. Sorare has inked a deal with English Premier League to create and distribute exclusive digital collectibles.
A trademark infringement trial between Hermes and a non-fungible token (NFT) artist that began earlier this week is expected to have major implications on how trademark law is enforced within the realm of digital artwork.
Scams have become an inevitable part of the NFT ecosystem. At this point, nearly all of the biggest names in the space have been victims of hacking. In January of 2023 alone, PROOF Collective founder Kevin Rose lost more than $1 million in NFTs in a phishing scam, and the Azuki Twitter account got hacked.
The ordinals protocol utilises inscriptions, which are pieces of content such as text or images that can be attached to sequentially numbered sats
Jeff Bezos’s tech giant is omnivorous. Originally an online retailer, Amazon has expanded into web hosting, groceries, and-most surprisingly- health care. And as of last Thursday, the trillion-dollar behemoth was rumored to be making a play for the NFT market.
As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks. However, according to professionals working in the Web3 space, there are multiple ways and tools to prevent being a victim of NFT theft.
Jordan is the CEO of , a blockchain technology company. By now, you’ve likely heard some variation of the phrase: “NFTs have a branding problem.” And, largely, it’s true.
A new gallery on the island is bringing fine art into the world of cryptocurrency and the next stage of the internet. Oditto Gallery, 139 N. County Road, Suite 11, in the Paramount Theatre building, is one of the first fine art galleries in the world to offer a nonfungible token, or NFT, with each piece of physical art purchased.
Celebrity endorsements have been a thing for years but a slew of appearances by A-list stars shilling relatively new cryptocurrencies and NFTs while the markets were roaring has come back around as values have tanked and disgruntled investors are seeking legal redress for feeling duped.
As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks.
Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. French fantasy sports and marketplace Sorare announced that it had entered into a multiyear deal with the (English) Premier League, the world’s most renowned and competitive football league.
The “meme” cryptocurrency was a standout in the digital asset space on Tuesday, running higher to start the week as Bitcoin and other tokens tumbled by the most since the bankruptcy of FTX rocked the market more than two months ago. As usual, Dogecoin die-hards can thank Elon Musk for the price spike.
This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience. We need work and work needs us. Labor is what takes a harsh, brutist and difficult world and turns it into a livable, enjoyable and even meaningful place.
Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing.The largest token is up 39% since the turn of the year, a first-month gain bettered only twice before when crypto was in its infancy.
home news Financial Services Despite Enforcement Actions, Eventus Says Crypto Compliance Can Work Major US exchanges have worked with Eventus on compliance issues… and charges have still been forthcoming KsanderDN/Shutterstock.com modified by Blockworks
Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. More and more ready-to-use accounts for cryptocurrency exchanges are being sold to Russian residents.
Some technological funds, including the Ark Innovation ETF (ARKK), have also mimicked the partial comeback, albeit in a more subdued way. After falling by 75% during the stretch of 2021 and 2022, it has gained 25% so far this year, bringing it on track to perhaps post its greatest monthly return ever.
South Korea’s Ministry of Justice will create a “Virtual Currency Tracking System” to crack down on money laundering facilitated by cryptocurrencies, and rated the establishment of the facility among its priorities for the year. The Ministry last week announced its plans for 2023 with action against violent crime, sexual predators, and gang violence at the top of its list.
The Union Budget is right around the corner and Indian crypto companies and investors are hopeful that some of the rigorous taxation policies for virtual digital assets could change. We spoke to industry experts to find out what could happen if taxation policies for crypto remain the same or if they’re increased.
The managers steering failed crypto hedge fund Alameda Research through Chapter 11 have sued Voyager Digital for nearly $446m, alleging it received preferential payments while Sam Bankman-Fried’s crypto empire collapsed.
Before it eventually , the crypto lender Celsius Network promised users it would not be any regular bank-no, it would be bigger than a bank-and users could “unbank” themselves by funneling some of their funds to Celsius. Users would gain interest while Celsius would gingerly handle your crypto for you, investing it to generate income.
Legal experts say unsecured creditors shouldn’t expect much following a number of Chapter 11 bankruptcy cases in the crypto space
Dogecoin Price Prediction as Elon Musk Reveals He is Considering Crypto Payments for Twitter – Can DOGE Hit $1?
The dogecoin price has jumped by 8% today, rising to $0.092839 after reports yesterday that Twitter owner Elon Musk is determined to move ahead with integrating payments into the social network. DOGE is now up by 11% in a fortnight and by 32% following the news, with the market expecting that the meme token will be one of the chief beneficiaries of Twitter’s crypto play.
The clashes in bankruptcy and civil courts vindicate industry skeptics like Sen. Elizabeth Warren (D-Mass.) and Securities and Exchange Commission Chair Gary Gensler, who have long warned that crypto businesses are defying basic rules that would protect retail investors and traders.
There are literally thousands of cryptocurrencies in circulation today. However, most of them are pointless, meaningless, provide no true utility or value, and will likely cease to exist one day. For investors new to cryptocurrency, it can be difficult to navigate this maze — especially when it seems that every other week, some obscure cryptocurrency hits the market and produces a near-immediate return.
Crypto adoption has taken off in South America. Image source: Shutterstock. Crypto is moving further into the mainstream, at least in South America. Leading cryptocurrency exchange Binance has teamed up with card giant Mastercard to launch a prepaid crypto card in Brazil.
SINGAPORE, Jan 31 (Reuters) – The business model that crypto firm Celsius Network had advertised and sold to its customers was not the business it actually operated, a court-ordered examiner report released on Tuesday showed. The report added that Celsius’s stablecoin deficit between May 28, 2021 and its bankruptcy filing amounted to a billion-dollar hole in its assets.
A filing in FTX’s bankruptcy proceedings is shedding light on the true extent of the crypto-trading powerhouse’s influence-peddling operation. Last week, FTX filed its creditor matrix, a document that lists former vendors and investors to the company.
EDMONTON, Alberta, Jan. 31, 2023 (GLOBE NEWSWIRE) — Bitcoin Well Inc. (TSXV: BTCW) (“Bitcoin Well” or “Company”) is pleased to announce executive promotions alongside a company update in advance of our Q4 and Year End 2022 financials. The Company is excited to report the promotion of Allen Stephen, CPA, CA as an official member to the Board of Directors.
Tesla if one of those bleeding edge, forward-thinking companies -the kind of company that would have kombucha on tap if it cared about its employees. As such, it’s deeply interested in cryptocurrency as the future – and deeply invested to match. So invested, in fact, that the company was able to lose $140 million on Bitcoin alone in 2022.
Bitcoin fell along with all other top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia, wiping out most of Monday’s gains.
Bitcoin (BTC) has seen an exponential increase in demand in Nigeria as the country’s central bank encourages the population to switch to digital cash. As a result, the price of Bitcoin has escalated tremendously above global market levels. The cost of one Bitcoin on Nigeria’s Crypto exchange is currently trading at around 17.6 million Naira, Nigeria’s currency, equivalent to $38,200 U.S.
This is an opinion editorial by Joakim Book, a research fellow at the American Institute for Economic Research and contributor to Bitcoin Magazine, HumanProgress.org and the Mises Institute. Finding fault with Bitcoin and Bitcoiners is easy. Every schmuck, stick, know-it-all pundit, wiseass and establishment elite has a handful of complaints readily available.
Bitcoin and Ethereum prices fell during Tuesday afternoon trading in Asia along with most other top 10 non-stablecoin cryptocurrencies. Dogecoin was the exception in that list as it rebounded from its morning losses. See related article: January weekly crypto product investment reaches highest since July, says CoinShares report Bitcoin, the largest cryptocurrency by market capitalization, fell 2.89% to US$22,971 over 24 hours to 4 p.m.
Crypto markets are slipping as the two-day meeting of the Federal Reserve kicks off. Bitcoin suffered its biggest single-day percentage drop since FTX’s collapse on Monday. A blockchain exec broke down how crypto markets are thinking about this week’s expected rate hike. Crypto markets are trending downward as the Federal Reserve’s two-day policy meeting gets underway on Tuesday.
Bitcoin ( BTC) rose above $23,000 into the Jan. 31 Wall Street open as markets braced for a fresh macroeconomic reckoning. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% in a single hourly candle before the start of trading, overcoming resistance in place overnight.
Bitcoin fell along with Ether and all other top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia, wiping out most of Monday’s gains. Cryptocurrencies followed the decline in U.S. equity markets overnight as traders looked to be taking profits ahead of this week’s Federal Reserve meeting on rates and a raft of technology earnings.
The price of Bitcoin in Nigeria is surging beyond market levels as demand increases. This has been largely caused by central bank restrictions on cash. The Bitcoin premium in Nigeria is currently around 64%. The cost of 1 BTC on one of the country’s leading exchanges, NairaEx, is 17.2 million nairas (NGN).
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager CoinShares.
Asia | Bitcoin & Crypto | Europe | Monetary Policy & Inflation | US Trading View (next 2-4 weeks): We like to be bullish bitcoin. Investment View (next 1-3 years): We like to be long bitcoin. We expect the Federal Reserve (Fed) to hike 25bp (alongside consensus) and Chair Jerome Powell to address questions on possible cuts this year.
Digital asset investment products saw their largest inflows since July 2022, according to the latest weekly fund flows report from crypto intelligence firm CoinShares. $117 million in capital entered the crypto investment product space, with Bitcoin dominating and accounting for $116 million of the inflows.
Bitcoin, the largest digital currency by market capitalization, is rebounding nicely to start 2023 following a dreadful run last year, and as it hovers around $23,000, some market observers are pondering the veracity of the latest run and whether or not it marks the dawn of a new bull market.
Bitcoin (BTC) displayed some concerningly bearish signals overnight, with the BTC/USDT pair heading below US$23,000 following the biggest daily dip in six weeks. Nearly US$40mln in long-bitcoin liquidations were chalked up in the past 24 hours due to the volatility impacting the market in anticipation of the trio of interest rate announcements from the US, UK and EU in the following two days.
The Threshold Network has announced plans for a new decentralized bitcoin bridge to Ethereum, allowing the original cryptocurrency to be used on the largest programmable blockchain. Why it matters: As holders of the oldest and most valuable cryptocurrency, many bitcoin investors want to use it to earn yield in decentralized finance (DeFi), something they can’t do on the Bitcoin blockchain.
Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday.
Bitcoin ( BTC) swapped bullish gains for chop into Jan. 31 as the end of the month saw nervous price action. Data from Cointelegraph Markets Pro and TradingView tracked a less confident BTC/USD as it briefly wicked to just above $22,500 on Bitstamp overnight.
Bitcoin-based payment app Strike is expanding to the Philippines to grow cross-border payments and remittance markets.
Bitcoin, ethereum and other major cryptocurrencies have rocketed higher in the first month of 2023, adding $250 billion to the combined crypto market and topping a surprise Goldman Sachs chart. Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash The bitcoin price surged to around $23,000 per bitcoin, up from under $17,000 at the beginning of the year.
Tesla confirmed that it still holds Bitcoin, but it sold a lot of them and took a $200 million loss because of the cryptocurrency. Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles.
Bitcoin Prices and Ethereum Prediction; Is The BTC Price Above $22,700 Enough To Trigger A Bull Run?
On Tuesday morning, Bitcoin (BTC) dropped below the $23,000 mark in advance of the first US Federal Reserve meeting on interest rates since 2023, which is slated to take place on Wednesday. Bitcoin dropped to $22,800, down 3% from its peak of $24,000 over the weekend.
The new year means new NFT and Web3 projects and 2023 has started strong. As brands continue to explore what the fashion world of tomorrow looks like, new possibilities for creativity, identity and innovation arise. Among the intricate cultural zeitgeist of Web3, artificial intelligence has taken the creative industries by storm.
Investment in digital asset products hit US$117 million in week ending Jan. 27 – the highest since July – with most going into Bitcoin products
Market failures in crypto can have wider implications. Image: Unsplash/Karolina Grabowska Deputy Managing Director, IMF Deputy Division Chief of Financial Supervision and Regulation Division, Monetary & Capital Markets Department, IMF Stay up to date: Financial and Monetary Systems Follow Bitcoin’s values has soared over the years Image: CoinDesk Bitcoin Price Index/IMF Discover How is the World Economic Forum promoting the responsible use of blockchain?
Ethereum started another downside correction below $1,600 against the US Dollar. ETH is trading above $1,550, but it might face resistance near $1,600.
Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other users across a variety of nonfungible token (NFT) marketplaces.
The Premier League has officially signed an NFT licensing deal with Sorare.
ZUG, Switzerland , /PRNewswire/ — Concordium blockchain announces a partnership with licensed virtual currency provider Wert to simplify the trading process and provide additional value to NFT marketplaces within the Concordium ecosystem. A Tallinn-based Estonian company, Wert is a payment solution for both non-custodial NFT marketplaces and DeFi Apps looking for a customer friendly check-out solution.
LONDON – The English Premier League is partnering with French fantasy sports platform Sorare to sell non-fungible tokens (NFTs), a sign that the sporting world is continuing to embrace digital assets despite the rout in markets. Read more at straitstimes.com.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Frederick Munawa is a Technology Reporter for Coindesk. He covers blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks. Ordinals, in its current form, wouldn’t be possible without Bitcoin’s 2017 Segregated Witness (SegWit) upgrade and the more recent 2021 Taproot upgrade.
Unbanked and Mastercard Team Up to Accelerate Crypto Card Adoption Within Web3 Organizations in Europe
PRESS RELEASE. Today it was announced that Unbanked, the leading provider of white-label crypto card issuance and program management service for Web3 companies has partnered with Mastercard, to accelerate DeFi card issuance in Europe.