In 2023, the global cryptocurrency landscape witnessed remarkable growth, with the number of cryptocurrency owners surging by 34% to reach a staggering 580 million by the year’s end, as reported by Crypto.com. This notable increase, up from 432 million in January, defied prevailing macroeconomic challenges such as stringent monetary policies by Western central banks, ongoing […]
Bitcoin Ordinals
Trump’s Mugshots Spark Frenzy on Bitcoin Ordinals
In a bold move that merges politics with the booming world of non-fungible tokens [NFTs], former U.S. President Donald Trump has announced the launch of digital collectible cards on the Bitcoin Ordinals platform. These unique cards are set to feature Trump’s iconic mugshots, capitalizing on the growing trend of NFTs in the crypto space. The […]
Ordinals Imprint ‘Historic Moment’ In Bitcoin’s DNA
The approval of the Spot Bitcoin ETF has been permanently etched into Bitcoin’s history through the use of ordinals. This innovative technology, Ordinals, has become the medium for commemorating significant events, such as the approval of Spot Bitcoin Exchange-Traded Products. SEC Chair Gary Gensler’s statement on the approval was encoded as Inscription 54,114,539 on the […]
Bitcoin Ordinals Record-Breaking Sale Hits 10.4 BTC
Continuing its remarkable trajectory, Bitcoin Ordinals has achieved yet another milestone, with NFT marketplace Magic Eden witnessing the highest-ever Ordinal sale, totaling 10.4 BTC. This historic transaction involved the Honey Badger collection, a series of 10K inscriptions spanning from 8 to 1029518. The buyer, identified as the pseudonymous Twitter user “OG General,” earned accolades from […]
Bitcoin Ordinals First-Ever Auction Debuts
Sotheby’s Digital Art Department is making waves in the art world with its groundbreaking announcement of the first-ever auction featuring Bitcoin Ordinals art. This unique collection, a creation of the enigmatic artist known as Shroomtoshi under the moniker BitcoinShrooms, is set to captivate enthusiasts and collectors alike. The featured piece, a composition showcasing two distinct […]
Bitcoin’s Inscriptions: Pioneering Block Fillers Or Precarious Miners’ Delight?
Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin monetary transfers. On September 25, on-chain analytics firm Glassnode released “The Week On-chain” report, explaining minimal evidence of inscriptions displacing monetary transfers. The Rise Of Inscriptions In Bitcoin Since their introduction in February 2023, […]