Saturday was the biggest day ever for Ordinals, the technology used to inscribe digital assets on Bitcoin, creating assets similar to Ethereum-based NFTs. According to a popular Dune dashboard, on Saturday there were around 223,000 inscriptions made via Ordinals. Over 200,000 inscriptions were made in a single day. A milestone
Several cryptocurrency exchanges have moved quickly to list various meme coins as they gain popularity in the market. Pepe (PEPE) has recently flipped Shiba Inu and FLOKI in trade volumes, therefore the market is paying close attention. OKX, a cryptocurrency exchange, has announced that it would be offering PEPE, a
Bitfarms, a firm that mines for Bitcoin has announced to investors that it has reached a new milestone as a result of its expanded operations in Argentina. A hashrate of 5 exahash per second (5 quintillion hashes per second) was reached on Thursday. Thus, setting a new record for the
The rising uncertainty in the global financial sector has resulted in heightened selling pressure on Shiba Inu (SHIB), the world’s second-largest meme crypto price. In only 60 days, the price of a Shiba Inu has reduced by 17 percent. This drop occurred despite the SHIB team sharing promising developments about
The prototype design of a high-performance Bitcoin mining ASIC at 5 nanometers has been completed by Jack Dorsey’s business, Block. On April 28, 2023, the corporation updated its website with the news. The American company acknowledged the technological and financial difficulties of manufacturing bitcoin mining ASICs. As a result, there
Elon Musk, CEO of Twitter, has announced yet another ground-breaking plan to increase the company’s revenue and benefit Twitter’s content providers. Twitter has been implementing an increasing number of novel features to enhance the service for its users and foster an open dialogue. This update allows crypto influencers and other
Bitcoin technology firm Lightning Labs, a key contributor to Bitcoin’s lightning-fast and scalable Lightning Network, has updated the user-friendliness of its node management tool, Litd. It may be difficult for users who aren’t tech-savvy or who don’t want to spend hours studying each aspect of the protocol to transmit a
With the cryptocurrency sector coming under the scrutiny of tax authorities throughout the world, the fintech company Revolut has added an automatic tax reporting tool for its customers. The fintech firm has collaborated with Koinly, a cryptocurrency tax solution, to give its customers the ability to produce cryptocurrency tax reports
Hong Kong seems to be realizing its goal of becoming a center for the cryptocurrency industry. Guidelines for regulating cryptocurrency exchanges are expected to be released by the Securities Futures Commission (SFC) of the jurisdiction in May 2023. The finance regulator initiated a similar platform for public input last year.
The value of the native token on PancakeSwap has decreased during the last week. According to CMC, the price of the CAKE token has dropped by around 22.76% over the last week. Since uncertainty surrounds a planned modification to the project’s tokenomics. The BNB Chain is the foundation for PancakeSwap,
