May 3, 2024
Markets
As Bitcoin Pumps, These Altcoins Are Doing Even Better
The global crypto market cap stands at $2.29 trillion, marking a 3.50% increase over the last day, according to CoinMarketCap. Excluding stablecoins, 96% of the Top 100 tokens are registering gains, leaving only LEO, Gnosis, Axelar, and Celestia in bearish territory with less than 1.2% in losses. That closes out the week with at least one bullish day, as Bitcoin is also up over 4% in the last 24 hours and above $61,800 at time of writing, CoinGecko data shows. There are also 64 top coins that ar...
Aug 23, 2023
Investigations
Bitcoin Ordinals Trading Is Down Bad—But Just How Bad?
A contentious debate stirred last week after a report surfaced showing Bitcoin Ordinal sales volumes had dropped 97% from May to August. DappRadar’s report indicated “declining interest” in the wider NFT space, with trading volume for unique active wallets on Ethereum and Polygon dropping by 22% and 60%, respectively. Figures for Ordinals were purportedly far more pronounced, however. Bitcoin Ordinals are Bitcoin’s version of non-fungible tokens (NFTs). They are digital artifacts inscribed onto...
Mar 6, 2023
NFTs
Critic Says Yuga Labs Bitcoin NFTs Auction Sets 'Really Bad Precedent’
Yuga Labs Bitcoin NFT offering has kicked off with a bang. The firm behind Bored Ape Yacht Club (BAYC) NFTs opened bids for its first 300-piece Bitcoin NFT collection, called TwelveFold, early Monday morning. TwelveFold follows fast on the heels of the recent excitement around non-fungible tokens (NFTs), notably Ordinals. But unlike Ethereum-based NFTs, buying artworks built on the premier crypto network doesn’t have an open marketplace. Thus, the current auction process has earned criticism fro...