An Introduction to Bitcoin Ordinals

June 16, 2024 Bitcoin.com

Bitcoin Ordinals have emerged as a novel way to enhance the functionality and use of Bitcoin, the original cryptocurrency. By leveraging Bitcoin’s blockchain in a new and innovative manner, Ordinals bring unique value propositions and helps to revitalize Bitcoin’s developer community. What Are Bitcoin Ordinals? In simple terms, Bitcoin Ordinals are digital collectibles created by […]

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity

June 16, 2024 The Daily Hodl

Altcoins

The native token for a Solana (SOL)-based non-fungible token (NFT) platform surged by nearly 30% this week, defying the wider crypto market doldrums. Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity. The project notes on the […]

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NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

Vitalik Buterin endorses TiTok AI for onchain image storage

June 15, 2024 Coin Telegraph

TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.

Ethereum co-founder Vitalik Buterin has endorsed the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain application.

Not to be confused with the social media platform TikTok, the new TiTok compression method significantly reduces image size, making it more practical for storage on the blockchain.

Buterin highlighted TiTok’s blockchain potential on the decentralized social media platform Farcaster, stating “320 bits is basically a hash. Small enough to go on chain for every user.”

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

Proof-of-Stake Blockchain Leapfrogs Decentraland To Become Crypto’s Top NFT Project for Development: Santiment

June 14, 2024 The Daily Hodl

Altcoins

A proof-of-stake blockchain leapfrogged the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top non-fungible token (NFT)-related crypto project in terms of development activity, according to the analytics platform Santiment. Santiment notes that Flow (FLOW), a layer-1 permissionless blockchain, registered 190.77 notable GitHub events in the past 30 days, compared to 144.9 for […]

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NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

Study: Ordinals and Runes Reach $1 Billion Market Cap

June 13, 2024 Bitcoin.com

Study: Ordinals and Runes Reach Billion Market Cap

Bitcoin NFTs

In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling a robust expansion within the Web3 sphere. Report Reveals Emerging Dynamics in Bitcoin Ordinals […]

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

Bitcoin.com’s Verse Voyager NFT Collection Sells Out

June 11, 2024 Bitcoin.com

Announcements

In a landmark event for the Bitcoin.com Verse community, the Verse Voyager NFT collection has completely sold out. This achievement underscores the growing interest and enthusiasm in the decentralized finance space and highlights Bitcoin.com’s commitment to innovation and community engagement. “In a market overwhelmed by speculative meme coins, the success of our first NFT collection […]

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

South Korean Regulator Excludes Certain NFTs From Crypto Regulations

June 11, 2024 Bitcoin.com

Bitcoin

South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam

June 10, 2024 Bitcoin.com

Bitcoin

The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development. “They allegedly took investor funds, never developed the game, and pocketed the proceeds.” US Charges 3 UK Nationals in NFT Rug […]

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

Vitalik Buterin Crticizes Celebrity Memecoin Trend, Calls for Use Cases Other Than Enriching Founders

June 5, 2024 The Daily Hodl

Altcoins

Ethereum (ETH) co-founder Vitalik Buterin is calling out the celebrity memecoin trend, saying that digital assets need other use cases than simply enriching founders and early adopters. In a new thread on the social media platform X, Vitalik Buterin tells his 5.3 million followers that he’s unhappy with this cycle’s trend of celebrities experimenting with […]

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NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs

June 3, 2024 Bitcoin.com

bitcoin.com

Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this significant ruling clarifies the legal status of digital collectibles and ensures the continued decentralization of the Flow blockchain. Dapper […]

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