Former Crypto Fugitive Do Kwon To Remain Jailed For 6 More Months: Report
CoinCu News (RSS)
Key Points:
Do Kwon and Han Chang-Joon will remain in prison for 6 more months as judges consider extradition requests from South Korean and US authorities.
They are accused of defrauding investors in connection with the $60 billion collapse of the Terra blockchain ecosystem in May 2022 and falsifying documents in Montenegro....
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CoinCu News (RSS)
Key Points:
Do Kwon and Han Chang-Joon will remain in prison for 6 more months as judges consider extradition requests from South Korean and US authorities.
They are accused of defrauding investors in connection with the $60 billion collapse of the Terra blockchain ecosystem in May 2022 and falsifying documents in Montenegro....
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Crypto lender Abra has been insolvent since March, says Texas regulator
Cointelegraph.com News (RSS)
Abra and its CEO William Barhydt have been issued with an emergency cease and desist order.
Cointelegraph.com News (RSS)
Abra and its CEO William Barhydt have been issued with an emergency cease and desist order.
U.S. Court Will Rule on Terraform Labs' Push to Dismiss SEC Lawsuit Within a Month
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Was UST a security because it was designed for practical uses rather than as an investment?
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Was UST a security because it was designed for practical uses rather than as an investment?
OKCoin Accused by FDIC of Making False Claims About Customer Protections
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday, complaining the company is making false claims.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday, complaining the company is making false claims.
How to Comparatively Choose and Deploy A BRC-20 Token?
Cryptopolitan (RSS)
Cryptocurrencies have revolutionized the financial landscape, and among the various digital assets that have emerged, token standards have played a crucial role in facilitating value creation and transfer. One such standard is the BRC-20 (Bitcoin Request for Comment 20) token, which operates on the Bitcoin blockchain. This Cryptopolitan guide will explore the concept of BRC-20 tokens and their deployment, briefly comparing them to the widely known ERC-20 token standard on the Ethereum network.
Understanding BRC-20 Tokens
The creation of Bitcoin NFTs called Ordinals and BRC20 tokens was made possible by the Taproot upgrade to the Bitcoin network in 2021. This upgrade increased privacy, security, and scalability and allowed more data to be attached to Bitcoin, making it possible to attach images and create Ordinals. While attaching data to Bitcoin has always been possible through technical loopholes, the amount of data you could attach was limited. The Taproot upgrade allows users to store up to 4 Mbs of data, opening up the possibility of attaching other information.
The creator of Ordinal Theory, Casey Rodarmor, designed the first ordinal client to use Taproot to make Inscriptions. BRC-20 tokens, an experimental token standard, were developed following the launch of the Ordinals Protocol.
The first BRC-20 token to be generated was called “ordi.” To enable BRC-20 tokens, bitcoin wallets immediately adopted the technology. In the following months, many more BRC-20 tokens, many meme tokens, were released. Some BRC-20 tokens have seen stratospheric price jumps and amassed substantial market caps as of May 2023.
How does Bitcoin Ordinals work?
The Ordinals protocol enables assigning a serial number to each satoshi. This means that every satoshi within the Bitcoin network can be identified uniquely.
These ordinals facilitate the tracking of satoshis throughout transactions. By appending supplementary data or metadata to a satoshi, such as artwork, collectibles, or virtual goods, users can generate distinctive digital assets tied to specific satoshis.
Bitcoin ordinals, known as “Bitcoin NFTs,” differ from conventional NFTs regarding their underlying infrastructure. While most NFTs are linked to blockchain platforms like Ethereum, Bitcoin ordinals leverage the Bitcoin blockchain for their creation and storage. The Ordinals protocol introduces a distinct approach to representing and monitoring unique digital assets on the Bitcoin network.
BRC-20 tokens on the Ordinal Protocol
BRC-20 tokens were developed as an experimental token standard to facilitate the creation and transfer of fungible tokens on the Bitcoin network, similar to the ERC-20 token standard used on Ethereum and other EVM-based blockchains.
The functioning of BRC-20 tokens involves using ordinal inscriptions on satoshis, the smallest units of Bitcoin. Through Bitcoin ordinals, each satoshi is assigned a unique number and can be identified within the Bitcoin network. JSON inscriptions are attached to these satoshis, defining the core features and characteristics of the BRC-20 tokens. This process is similar to smart contracts and allows for creating and managing BRC-20 tokens. While Ordinals are used to create NFTs by tagging individual satoshis, BRC-20 tokens involve minting satoshis to hold information about an entire collection of tokens.
BRC-20 tokens possess fungibility, meaning each token holds the same value and can be freely exchanged or transferred like any other cryptocurrency. They can be spent or transferred between users on the Bitcoin network. While BRC-20 tokens and ERC-20 tokens share similarities in operating on a parent blockchain network, they differ because of the distinctive infrastructu...
View original post
Cryptopolitan (RSS)
Cryptocurrencies have revolutionized the financial landscape, and among the various digital assets that have emerged, token standards have played a crucial role in facilitating value creation and transfer. One such standard is the BRC-20 (Bitcoin Request for Comment 20) token, which operates on the Bitcoin blockchain. This Cryptopolitan guide will explore the concept of BRC-20 tokens and their deployment, briefly comparing them to the widely known ERC-20 token standard on the Ethereum network.
Understanding BRC-20 Tokens
The creation of Bitcoin NFTs called Ordinals and BRC20 tokens was made possible by the Taproot upgrade to the Bitcoin network in 2021. This upgrade increased privacy, security, and scalability and allowed more data to be attached to Bitcoin, making it possible to attach images and create Ordinals. While attaching data to Bitcoin has always been possible through technical loopholes, the amount of data you could attach was limited. The Taproot upgrade allows users to store up to 4 Mbs of data, opening up the possibility of attaching other information.
The creator of Ordinal Theory, Casey Rodarmor, designed the first ordinal client to use Taproot to make Inscriptions. BRC-20 tokens, an experimental token standard, were developed following the launch of the Ordinals Protocol.
The first BRC-20 token to be generated was called “ordi.” To enable BRC-20 tokens, bitcoin wallets immediately adopted the technology. In the following months, many more BRC-20 tokens, many meme tokens, were released. Some BRC-20 tokens have seen stratospheric price jumps and amassed substantial market caps as of May 2023.
How does Bitcoin Ordinals work?
The Ordinals protocol enables assigning a serial number to each satoshi. This means that every satoshi within the Bitcoin network can be identified uniquely.
These ordinals facilitate the tracking of satoshis throughout transactions. By appending supplementary data or metadata to a satoshi, such as artwork, collectibles, or virtual goods, users can generate distinctive digital assets tied to specific satoshis.
Bitcoin ordinals, known as “Bitcoin NFTs,” differ from conventional NFTs regarding their underlying infrastructure. While most NFTs are linked to blockchain platforms like Ethereum, Bitcoin ordinals leverage the Bitcoin blockchain for their creation and storage. The Ordinals protocol introduces a distinct approach to representing and monitoring unique digital assets on the Bitcoin network.
BRC-20 tokens on the Ordinal Protocol
BRC-20 tokens were developed as an experimental token standard to facilitate the creation and transfer of fungible tokens on the Bitcoin network, similar to the ERC-20 token standard used on Ethereum and other EVM-based blockchains.
The functioning of BRC-20 tokens involves using ordinal inscriptions on satoshis, the smallest units of Bitcoin. Through Bitcoin ordinals, each satoshi is assigned a unique number and can be identified within the Bitcoin network. JSON inscriptions are attached to these satoshis, defining the core features and characteristics of the BRC-20 tokens. This process is similar to smart contracts and allows for creating and managing BRC-20 tokens. While Ordinals are used to create NFTs by tagging individual satoshis, BRC-20 tokens involve minting satoshis to hold information about an entire collection of tokens.
BRC-20 tokens possess fungibility, meaning each token holds the same value and can be freely exchanged or transferred like any other cryptocurrency. They can be spent or transferred between users on the Bitcoin network. While BRC-20 tokens and ERC-20 tokens share similarities in operating on a parent blockchain network, they differ because of the distinctive infrastructu...
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Cryptopolitan
How to Comparatively Choose and Deploy A BRC-20 Token? | Cryptopolitan
Check out the concept of BRC-20 tokens and their deployment, comparing them with known ERC-20 token standard on the Ethereum network.
Investors want crypto, but not without TradFi backing: Nomura survey
Cointelegraph.com News (RSS)
A Nomura Laser Digital survey has revealed the majority of institutional investors polled are still keen on crypto.
Cointelegraph.com News (RSS)
A Nomura Laser Digital survey has revealed the majority of institutional investors polled are still keen on crypto.
Elon Musk (Twitter)
This conspiracy theory that birds are actually government spy drones is … totally false
This conspiracy theory that birds are actually government spy drones is … totally false
Double trouble: FTX founder Sam Bankman-Fried faces two criminal trials
Cointelegraph.com News (RSS)
A District Judge ordered a separate trial for the DOJ's charges against Sam Bankman-Fried which were added following his extradition to the U.S.
Cointelegraph.com News (RSS)
A District Judge ordered a separate trial for the DOJ's charges against Sam Bankman-Fried which were added following his extradition to the U.S.
Uniswap Cross-Chain Bridge Assessment: Wormhole & Axelar Pass, LayerZero, Celer Fail
CoinCu News (RSS)
Key Points:
Uniswap Foundation releases cross-chain bridge assessment report.
Wormhole and Axelar approved for Uniswap’s protocol governance.
LayerZero, Celer, DeBridge, and Multichain do not meet the current standards....
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CoinCu News (RSS)
Key Points:
Uniswap Foundation releases cross-chain bridge assessment report.
Wormhole and Axelar approved for Uniswap’s protocol governance.
LayerZero, Celer, DeBridge, and Multichain do not meet the current standards....
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Hong Kong Opens 2nd Meeting To Promote Bank Acceptance Of Virtual Asset Providers
CoinCu News (RSS)
Key Points:
Hong Kong regulators are still trying to promote the relationship between banks and companies providing services related to virtual assets.
This is the 2nd meeting in less than two months of regulators with banks with ambitions of becoming the new crypto hub.
Cryptocurrency companies have found it challenging to achieve banking services due to strict customer and anti-money laundering rules and a crackdown by US regulators....
View original post
CoinCu News (RSS)
Key Points:
Hong Kong regulators are still trying to promote the relationship between banks and companies providing services related to virtual assets.
This is the 2nd meeting in less than two months of regulators with banks with ambitions of becoming the new crypto hub.
Cryptocurrency companies have found it challenging to achieve banking services due to strict customer and anti-money laundering rules and a crackdown by US regulators....
View original post
BTC Slight Rise To $25,500 After BlackRock Bitcoin ETF Registration
CoinCu News (RSS)
Key Points:
Bitcoin (BTC) price rebounded slightly to $25,500 after BlackRock filed a Bitcoin ETF application with the SEC.
The market is still in a state of uncertainty. Investors are still worried about the US economy and monetary policy.
BlackRock is said to have prepared carefully when filing regarding the SEC’s harsh legal actions with the cryptocurrency market.
The news that BlackRock wanted to create a Bitcoin ETF pushed the BTC price back to $25,500.
True to previous rumors, the world’s largest asset management fund, BlackRock, late June 15 filed an application to establish a...
View original post
CoinCu News (RSS)
Key Points:
Bitcoin (BTC) price rebounded slightly to $25,500 after BlackRock filed a Bitcoin ETF application with the SEC.
The market is still in a state of uncertainty. Investors are still worried about the US economy and monetary policy.
BlackRock is said to have prepared carefully when filing regarding the SEC’s harsh legal actions with the cryptocurrency market.
The news that BlackRock wanted to create a Bitcoin ETF pushed the BTC price back to $25,500.
True to previous rumors, the world’s largest asset management fund, BlackRock, late June 15 filed an application to establish a...
View original post