Ordinals
Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem
The arrival of the Ordinals Protocol, which allows for the creation of Bitcoin NFTs, has coincided with a big jump in the price of Bitcoin. Add that to the SEC's exemption of Bitcoin from the label of security, and we see a bullish bitcoin picture emerging.
Bitcoin Punks: Ordinal NFT Collection Soars in Value
Late Wednesday, one Ordinal Punk NFT minted on the Bitcoin-native Ordinals Protocol sold for 9.5 BTC, roughly $214,000.
Bitcoin Network Activity Sees Uptick Amid Ordinals Protocol Popularity: Report
Network activity on the Bitcoin blockchain has hit a level not seen since China banned crypto miners in May 2021, according to data from CryptoQuant. The uptick stems from the popularity of the Ordinals protocol, which allows NFTs to be stored on Bitcoin. Okcoin Chief Operating Officer Jason Lau reacts to the report.
Bitcoin Network Activity Hits Two-Year High Thanks to NFTs: CryptoQuant
Okcoin Chief Operating Officer Jason Lau joins "First Mover" to discuss the recent pause in bitcoin's January rally as the largest cryptocurrency by market capitalization trades sideways, staying below the $23,000 level. Plus, insights on the Ordinals protocol boosting network activity on the Bitcoin blockchain to a two-year high, according to a new CryptoQuant report. And, his reaction to LocalBitcoins planning to close down amid crypto winter.
Bitcoin Network Activity Spikes to Two-Year High Thanks to NFTs, CryptoQuant Says
Transactions are coming from the popularity of the recently deployed Ordinals protocol, which allows for NFT-like tokens to be stored on-chain.
Bitcoin NFTs Explode in Popularity as BitMEX Research Shows 13,000 Ordinals
Interest has skyrocketed following the first Ordinals transaction on Dec. 14.
Bitcoin’s Newfound NFT Hype Attracts Interest of BSV Developer Twetch
Twetch has already built a suite of NFT apps on the Bitcoin SV blockchain. So the new push by Ordinals to bring NFTs to the Bitcoin blockchain looks like an opportunity for expansion.
Sam Bankman-Fried Trial Developments; Report Says Ordinals Protocol Triggered Revival in Bitcoin Development
A federal judge rejected a joint request to modify Sam Bankman-Fried's bail conditions to allow him to use certain messaging tools. Separately, research firm FSInsight said in a recent report that the Ordinals protocol has triggered a revival of interest in bitcoin (BTC) development and has led to an increase in average block size as more users join the network.
The Ordinals Protocol Has Caused a Resurgence in Bitcoin Development
The probability of NFTS fueling bitcoin’s next bull run cannot be ignored, the report said.
