Day: February 6, 2023

More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain – Bitcoin News

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Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam among some Bitcoin circles, even though the procedures to issue them are far from user-friendly. The protocol, which was unveiled in January, has already served to bring more than 7,000 inscriptions directly to the Bitcoin chain, with some collections already present. Ordinals Pick Up Steam; More Than 7,000 Inscriptions Issued Ordinals, the protocol that allows each bitcoin satoshi to be identified with a non-fungible number, is gaining popularity among certain circles, even when the procedures to include…

Uniswap Community Completes Vote to Launch on Boba Network

As the largest DEX platform on the Ethereum blockchain, Uniswap commands as much as $2.36 billion in the total value of assets in the Dapp’s smart contracts, allowing users anywhere in the world to trade crypto without an intermediary. Members of the Uniswap community have voted in favor of deploying the V3 version of the Ethereum-based Decentralized Exchange (DEX) on the Boba Network. As contained in a Press Release shared with Coinspeaker, the governance vote to launch Uniswap V3 was massively supported with 51.01 million votes polled above the necessary…

Russian Crypto Mining Expands as Others Capitulate – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin’s comeback has stalled at the $24,000 level, as it retraced last night to $22,700. Bitcoin just broke down from an up-trending line of support on the lower time frame (LTF), so we could see further downside in the short term. The next key level of support is $21,500. Russia’s capacity for crypto mining has increased significantly, according to a survey of leading operators. This survey claims that the total capacity of crypto farms in Russia has expanded to…

Yuga Labs Reaches Settlement in Bored Ape NFTs Trademark Lawsuit

“I am happy to have resolved the Yuga Labs, Inc. v. Lehman trademark lawsuit in the [U.S. District Court] Northern District of New York,” Lehman said in a statement provided to CoinDesk. “It was never my intention to harm Yuga Labs’ brand, and I reject all disparaging statements made about Yuga Labs and its founders and appreciate their many positive contributions to the NFT space.” Source

Bitcoin dominates as primary focus for digital asset investors: Report

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On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows. The report indicates a change in investor sentiment for the start of 2023, with year-to-date inflows now at $230 million. This growth has led to an increase in total assets under management (AUM), which now stands at $30.3 billion — the highest since mid-August 2022. Investors are…

Digital Bank Revolut to Offer Crypto Staking: Report

Revolut, which has around 25 million customers worldwide, the vast majority of whom are in the U.K. and EEA, is rolling out the service this week, AltFi said. At first, the London-based fintech will support staking of the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH). Yields on the assets range from 2.99% up to 11.65%, though these are variable. Source

SHIB Remains Near Recent Highs as Crypto Markets Fall on Monday – Market Updates Bitcoin News

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Shiba inu has been relatively stable to start the week, as prices remained close to recent highs, despite Monday’s market sell-off. Cryptocurrencies were mostly lower in today’s session, as markets continued to react to historically low U.S. unemployment figures. Avalanche was down in today’s session, nearing a one-week low. Shiba Inu (SHIB) Monday saw shiba inu (SHIB) continue to trade relatively close to recent highs, despite crypto markets mostly declining. SHIB/USD hit a high of $0.0000148 earlier today, which comes following a bottom at the $0.0000141 mark on Sunday. The…