Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID.
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Multichain victims search for answers in $1.5B exploit as new evidence emerges
Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID.
Thailand’s next prime minister Srettha Thavisin has crypto history
Sansiri, one of the largest real estate firms in Thailand, once had Srettha Thavisin as CEO. The firm is known for backing crypto projects like XSpring.
Thailand’s next prime minister Srettha Thavisin has crypto history
Sansiri, one of the largest real estate firms in Thailand, once had Srettha Thavisin as CEO. The firm is known for backing crypto projects like XSpring.
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Recursive inscription proponents claim the tech can bring DeFi to Bitcoin, create an on-chain AWS competitor — and even a BTC “supercomputer.“
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Earlier this year, Ordinals — a unique inscription on the smallest unit of a Bitcoin, called a Satoshi — emerged as a controversial new development. Dismissed by some as spam and embraced by others as a way to bring BRC-20 tokens and NFTs to Bitcoin, the technology stimulated a flurry of developments.
Now there is excitement around “recursive inscriptions,” which is a very confusing yet potentially much more powerful development. Recursive Inscriptions essentially promise to allow more complex functionality to be built on Bitcoin’s blockchain, akin to smart contracts on Ethereum.
Some believe recursive inscriptions could see Ordinals develop from NFTs and “digital artifacts” to underpin a full-blown DeFi ecosystem on Bitcoin very soon. Others are confident it will enable Bitcoin to take on decentralized storage provider IFPS. One person Magazine spoke to believes it will eventually lead to an interconnected supercomputer being built on-chain.
Danny Yang, a Stanford PhD, creator of OCM Dimensions and Bitcoiner since 2013, says recursive inscriptions unlock the next evolution of Bitcoin:
“People won’t believe it when it’s presented to them now. It’s not going to operate exactly like Uniswap, but other high-value digital assets will emerge on Bitcoin. That’s what Ordinals and recursive inscriptions will evolve into. They will become a new form of programmable assets and code.”
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Earlier this year, Ordinals — a unique inscription on the smallest unit of a Bitcoin, called a Satoshi — emerged as a controversial new development. Dismissed by some as spam and embraced by others as a way to bring BRC-20 tokens and NFTs to Bitcoin, the technology stimulated a flurry of developments.
Now there is excitement around “recursive inscriptions,” which is a very confusing yet potentially much more powerful development. Recursive Inscriptions essentially promise to allow more complex functionality to be built on Bitcoin’s blockchain, akin to smart contracts on Ethereum.
Some believe recursive inscriptions could see Ordinals develop from NFTs and “digital artifacts” to underpin a full-blown DeFi ecosystem on Bitcoin very soon. Others are confident it will enable Bitcoin to take on decentralized storage provider IFPS. One person Magazine spoke to believes it will eventually lead to an interconnected supercomputer being built on-chain.
Danny Yang, a Stanford PhD, creator of OCM Dimensions and Bitcoiner since 2013, says recursive inscriptions unlock the next evolution of Bitcoin:
“People won’t believe it when it’s presented to them now. It’s not going to operate exactly like Uniswap, but other high-value digital assets will emerge on Bitcoin. That’s what Ordinals and recursive inscriptions will evolve into. They will become a new form of programmable assets and code.”
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Recursive inscription proponents claim the tech can bring DeFi to Bitcoin, create an on-chain AWS competitor — and even a BTC “supercomputer.“
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Recursive inscription proponents claim the tech can bring DeFi to Bitcoin, create an on-chain AWS competitor — and even a BTC “supercomputer.“
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Recursive inscription proponents claim the tech can bring DeFi to Bitcoin, create an on-chain AWS competitor — and even a BTC “supercomputer.“
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Earlier this year, Ordinals — a unique inscription on the smallest unit of a Bitcoin, called a Satoshi — emerged as a controversial new development. Dismissed by some as spam and embraced by others as a way to bring BRC-20 tokens and NFTs to Bitcoin, the technology stimulated a flurry of developments.
Now there is excitement around “recursive inscriptions,” which is a very confusing yet potentially much more powerful development. Recursive Inscriptions essentially promise to allow more complex functionality to be built on Bitcoin’s blockchain, akin to smart contracts on Ethereum.
Some believe recursive inscriptions could see Ordinals develop from NFTs and “digital artifacts” to underpin a full-blown DeFi ecosystem on Bitcoin very soon. Others are confident it will enable Bitcoin to take on decentralized storage provider IFPS. One person Magazine spoke to believes it will eventually lead to an interconnected supercomputer being built on-chain.
Danny Yang, a Stanford PhD, creator of OCM Dimensions and Bitcoiner since 2013, says recursive inscriptions unlock the next evolution of Bitcoin:
“People won’t believe it when it’s presented to them now. It’s not going to operate exactly like Uniswap, but other high-value digital assets will emerge on Bitcoin. That’s what Ordinals and recursive inscriptions will evolve into. They will become a new form of programmable assets and code.”
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report
A report from a local South Korean publication found that 20% of GenZ investors in the country have XRP as their most selected altcoin.
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report
GenZ cryptocurrency investors in South Korea are reportedly more keen to invest in altcoins, specifically Ripple (XRP) than Bitcoin (BTC) and Ethereum (ETH), according to a local South Korean news outlet.
News1 Korea analyzed data from the crypto exchange Bithumb’s investment data from the first half of the year, particularly keying in on investment propensity by age. It found that investors in their 20s showed a more “aggressive” investment tendency compared to other age groups.
Moreover, GenZ investors showed a higher proportion of investments in altcoins other than BTC and ETH, which are classified in this study as both “long-term” investments and “stable investments” due to their relatively low volatility.
According to the report, 82.5% of investors in their 20s invested in altcoins excluding ETH. XPR was the most selected by GenZ investors with 20.7% holding the digital asset.
An Aug.4 report from the crypto derivatives exchange Bitget said that GenZ makes up nearly half of crypto copy traders.
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report
A report from a local South Korean publication found that 20% of GenZ investors in the country have XRP as their most selected altcoin.
EU Data Act smart contract ‘kill switch’ brings uncertainty
EU lawmakers have reached a political consensus on the Data Act that has a “kill switch” for smart contracts, causing an uproar in the crypto community.
Here’s what the latest Bitcoin price correction reveals
The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure.
Iman Europe and The Agenda chat mental health, music, Web3 and The Homies DAO
Musician and The Homies DAO founder Iman Europe sat down with The Agenda podcast to discuss how her Web3-based project promotes wellness among music workers.
Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
Plaintiffs in a new class action suit against the hacked crypto wallet Atomic Wallet say the firm didn't share any information about the hack with clients, and didn't report it to the police.
Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
Plaintiffs in a new class action suit against the hacked crypto wallet Atomic Wallet say the firm didn't share any information about the hack with clients, and didn't report it to the police.
FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms
Although the likes of Lazarus group have stolen billions of dollars worth of crypto funds, the public ledger technology makes it difficult for them to launder funds as they can be tracked and frozen.