Bitcoin-based non-fungible tokens (NFTs) have reached the second-highest position in NFT sales per blockchain, as reported by CryptoSlam, a Web3 data platform. This is a remarkable feat for Bitcoin NFTs, which were not in existence until inscriptions were enabled on the Bitcoin main net in January 2023.
The commemoration of Bitcoin Pizza Day has taken a negative turn as meme coin issuers have reportedly earned over $200,000 through fraudulent activities, commonly known as “rug pulls,” that are related to pizza. This unfortunate occurrence took place on the 13th anniversary of what is believed to be the initial commercial Bitcoin transaction.
During a press conference at the G7 Summit, US President Joe Biden rejected a debt ceiling agreement proposed by Republican leaders, which was said to provide advantages to crypto traders. Biden deemed the terms of the proposal as “unacceptable.”
Meta, the parent company of Instagram, reportedly shared its intention to launch a text-based messaging application during a confidential meeting with a limited number of creators.
The NFT auction for some of the collections of Three Arrows Capital’s (3AC) bankrupt Singaporean cryptocurrency hedge fund concluded on May 19, generating $2.5 million.
According to the most recent analysis of Litecoin’s price, there is a bearish trend despite its attempts to exceed the resistance level of $92.8.
The total network fees paid for the minting of Bitcoin Ordinals increased significantly to 1,414 BTC or $38.2 million on May 20, which is a 700% increase from April 20 and an 831% increase from April.
Japan is known to have been an early adopter of blockchain technology and cryptocurrencies, with many Japanese businesses and consumers embracing the innovative potential of these new technologies.
The Reserve Bank of Australia’s pilot program has achieved a milestone with its successful international exchange transaction using eAUD, the first central bank-issued digital currency.
According to reports, over 500,000 experts in distributed ledger technology will be trained by the institution.
