Tag Archives: Ordinals

Stably – a stablecoin-as-a-service provider and fiat to crypto on-ramp – has launched the first-ever dollar-pegged stablecoin issued directly on the Bitcoin blockchain.  The token, Stably USD ($USD) is based on the emerging BRC-20 token standard around which many Bitcoin-based memecoins popularized earlier this month.  Stably USD and the Meme Economy Per a tweet from Stably on Thursday, Stably USD is redeemable 1 to 1 for USD collateral managed by its custodian, Prime Trust,...

The latest buzz in the crypto world revolves around the newly introduced Bitcoin token standard (BRC-20), which has garnered considerable attention and favor owing to the recent memecoin craze. Despite the ongoing hype, the token standard is still subject to certain constraints concerning the broader crypto landscape. A recent report by leading crypto exchange Bitfinex has emphasized the token standard’s potential and the significance of identifying more use cases to expedite...

The Bitcoin ordinal inscription craze is back, and network transactions are surging as a result. On May 1, on-chain analytics provider Glassnode reported that daily transactions were approaching peak levels. The 30-day moving average for the metric had reached 348,700 daily transactions. Furthermore, the peak level was measured in 2017 when it reached 379,000 transactions per day on average. However, these figures are taken from moving averages. According to Blockchain.com,...

The launchpad will allow Magic Eden to seamlessly onboard creators to the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network.  On Thursday, April 6, NFT marketplace Magic Eden said that it would be rolling out the creators’ launchpad for Ordinals. Thus, it will help creators to successfully inscribe their Bitcoin-based NFT collections. Similar to NFTs on Ethereum and other blockchain networks, the Ordinals protocol allows inscribing of digital assets on...

Are non-fungible tokens (NFTs) making a comeback? According to the recent progress of the Ordinals series, the answer might be a resounding “yes.” Ordinals Are Making Their Marks NFTs are still relatively new to the crypto space. As pixelated art tokens, they’ve often been sold for hundreds of thousands of dollars, and by the end of 2020, the space had an overall valuation that stood in the billions. Things looked great for the NFT arena, and many investors thought there...

A scalability solution unique to Ethereum is now compatible with Bitcoin. Rollkit allows for the storage of rollup information developed for Ethereum but on the Bitcoin network. According to an official statement, Rollkit — a modular framework for rollups — was successfully launched on march 5, 2023. The solution could, at least in theory, help optimize the use of free space on the Bitcoin blocks, expanding the capabilities of the network: Sovereign rollups on Bitcoin not...

STX – the native token of the Stacks network – has soared by a whopping 160% in the past seven days.  One possible reason behind the significant surge could be the connection between the asset and one of the recent trends in the cryptocurrency space – the Bitcoin NFTs through the Ordinals protocol. The financial services platform – Matrixport – predicted that STX could rally even more in the near future. The primary reason is the rapidly increasing number of newly-minted...

Bitcoin Ordinals: Neues Update sorgt für Aufregung. Die Bitcoin-Entwicklung war ja schon immer hochpolitisch. Sei es die Block-Grösse oder Updates wie SegWit. Nun erhizt ein weiteres Update die Gemüter der Bitcoin Coimmunit: Das Ordinals Update. Was kann das Ordinals Update? Das Protokoll bringt NFTs auf das Bitcoin-Mainnet. Oder einfach gesagt: Dank Ordinals kann jeder seine NFTs auf der Bitcoin Blockchain speichern. Eine Sidechain ist dafür nicht...