Bitcoin-Based NFTs Cross 200,000 Ordinal Inscriptions, Yuga Labs Launches Twelvefold Collection – Bitcoin News

On Monday, Feb. 27, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain crossed 200,000 at 1:02 p.m. Eastern Time. In addition to the 200,000 inscriptions, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), revealed that the team had created a collection of 300 generative ordinal NFTs called Twelvefold. Bitcoin Clocks Over 200,000 Ordinal Inscriptions to Date; Yuga Labs Enters Bitcoin-Based Digital Collectibles Market Ordinal inscriptions continue to be minted on the Bitcoin blockchain and on Monday afternoon at 1:02 p.m. (ET), the number…

UK Announces £5.5M Program in Support of Fintech Industry

The newly announced hub, dubbed the Centre for Finance, Innovation, and Technology, is designed to unify talents across all fields in support of the fintech space. The UK Treasury and the City of London Corporation are rolling out a £5.5 million program to support the fintech industry. The UK fintech space is growing massively and accounts for more than 1,600 firms, according to the International Trade Administration (ITA). The ITA wrote in a September 2022 report that the UK is the second latest site for fintech investments, following the US. Interestingly, American…

Why Not Donate Dead NFT Wallets?

I suspect the Internal Revenue Service (IRS) will resist deductions for donations of dead wallets because the owner can’t actually sell them. But its own decisions say otherwise. When New York art dealer Ileana Sonnabend died in 2007, her children inherited a Robert Rauschenberg combine titled “Canyon,” among many other things. Unfortunately, Canyon incorporates a stuffed bald eagle, and federal law makes it illegal to sell bald eagles. Accordingly, Sonnabend’s children couldn’t legally sell Canyon, so Christie’s valued it at $0. Source

What are Web3 games, and how do they work?

Web3 gaming offers several unique features like high transparency and greater control not possible on traditional centralized gaming platforms.  First, Web3 games provide high transparency since peer hosting ensures the players have all information, without a centralized third party limiting or hiding access. These games are effortlessly accessible to gamers. Buying cryptocurrency and setting up a wallet to start playing is simple, even for non-tech-savvy users. Another important benefit of blockchain-based gaming is that it gives players greater ownership and control over their in-game assets, such as virtual land, currencies…

Could NFTs and crypto help Japan’s ‘Cool Japan’ strategy?

Japan has consistently been a leader in the tech industry, so it’s a logical step forward that, given current trends in the space, the Cool Japan movement might incorporate Web3 to strengthen its initiative. Bringing Web3 into the mix alongside the popular culture aspects of the movement could prove a boon for the mission, but this move has not yet been implemented by the government-led movement. With much of Web3 still being an unknown in regard to its capabilities and future outlook, it is understandable that the government has yet…

US Senate Poised to Greenlight Bill Advocating for TikTok Ban

The US Congress is readying a votable bill to pave the way for a broader ban on TikTok to reduce Chinese control of US data. The US House Foreign Affairs Committee looks to implement legislation that could facilitate a nationwide TikTok ban. More than 100 million Americans currently use the popular Chinese social media app, which has largely been shielded from US sanctions. However, the new bill to revise such legal protections could pave the way for a broader US ban on TikTok. In addition, this bill, sponsored by House…

Bitcoin Risks Deeper Pullback Toward $20K: Chart Analysts

“Bitcoin has been unable to break out above trading range resistance near $25.2K, resulting in a whipsaw lower for the daily MACD,” Katie Stockton, founder and managing partner at Fairlead Strategies, said in a note to clients on Monday. The MACD histogram is an indicator used to gauge trend strength and trend changes. “Given the MACD ‘sell’ signal, and with room to oversold levels per the daily stochastics, we shift to a bearish short-term bias.” Original

Tesla CEO Elon Musk Eyeing Building ChatGPT Competitor

Should Elon Musk decide to proceed with launching a ChatGPT rival, he will be competing with more than just OpenAI but also with Google’s parent company Alphabet. Elon Musk, the Chief Executive Officer of American electric vehicle maker Tesla Inc (NASDAQ: TSLA) reportedly has his eyes on developing an alternative product that can give ChatGPT a run for its money. As first broken by The Information, the billionaire investor who doubles as the owner of Twitter Inc, Musk is looking to form a new research lab to develop the product.…