Ordinals inscriptions slow down but Bitcoin congestion lingers
Ordinals inscriptions have slowed down this week but Bitcoin continues suffering from congestion issues due to the BRC-20 craze.
Ordinals inscriptions have slowed down this week but Bitcoin continues suffering from congestion issues due to the BRC-20 craze.
San Francisco-based Ripple Labs, a technology and financial services firm built around the XRP cryptocurrency, said it will acquire Metaco, a Swiss-based tokenization and digital asset custody provider, for US$250 million.
Bitcoin prices dropped below US$27,000 on Wednesday afternoon in Asia, while XRP gained the most after positive news for Ripple Labs on its lawsuit against U.S. Securities and Exchange Commission.
China’s top legal authority issued a commentary on Monday about the risks and potential in NFTs, highlighting the need for legislation.
A U.S. federal judge has denied a motion by the SEC to seal internal documents related to a speech given by the SEC’s former director on whether cryptocurrencies are securities.
Bitcoin prices fell on Wednesday morning in Asia but remained above the US$27,000 line. Ether gained but still posted a weekly drop. XRP led gainers among other top 10 non-stablecoin cryptocurrencies.
Bitcoin fell 0.58% while Ether dropped 0.36%. Solana was the biggest loser of the day, dropping 1.67%.
Bitcoin prices rose along with Ether, while Litecoin continues to lead gainers among other top 10 non-stablecoin cryptocurrencies.
Bitcoin rose 2.07% to US$27,409 in 24 hours while Ether gained 1.27% to US$1,829. Litecoin was the biggest gainer of the day, rising 7.65%.
China’s Jiangsu Province plans to expand the use of digital yuan to its public education system, as the province seeks to spearhead the country’s CBDC pilot.