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The ORDI token, which was not developed by the creator of Bitcoin Ordinals, has surged by 41% in the past 24 hours. Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance. According to Binance's Nov. 7 announcement, traders can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), and the Turkish Lira (TRY). Binance claims that it did not charge developers any listing fees for the ORDI token and that withdrawals will open on Nov. 8. As part of initial incentives, the first 1,000 users who deposit at least 72 ORDI to the exchange received a 50 USDT trading rebate voucher.  "ORDI is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility." Bitcoin Ordinals is a numbering system that assigns a unique number to each individual Satoshi, or 1/100 million of a Bitcoin, enabling tracking and tran...

Gabor Gurbacs, a VanEck adviser, believes that El Salvador’s pro-Bitcoin approach might pave the way for it to become the “Singapore of the Americas.” El Salvador, the world’s first country to embrace Bitcoin (BTC) as legal tender, has sparked mixed reactions globally. While some view this move with excitement, others remain skeptical.  Gurbacs anticipates a surge in investment capital and immigration that will drive El Salvador’s economic growth in the coming years. He envisions El Salvador mirroring the success story of Singapore by embracing Bitcoin as a legal tender, leading to an influx of capital and people.  I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas. I expect continued increase in immigration to, capital investment in and overall growth in El Salvador. https://t.co/CmT554x12j — Gabor Gurbacs (@gaborgurbacs) October 28, 2023 This economic transformat...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Consensys surveyed around 15,000 people worldwide, and 92% said they ‘heard about’ crypto. What’s more: 50% of respondents ‘understand’ the asset class. Such understanding was especially high among people from emerging economies like Nigeria, Brazil, India, etc. Crypto awareness | Source: Consensys  These data points highlight the rising interest in crypto and related technologies. But there’s still much to do in terms of educating the masses about crypto concepts. You might also like: Crypto adoption across generations: examining ownership age trends Most people have only ‘heard about’ crypto or had little hands-on experience, frequently negative ones: bad UX, scams, etc. Helping users truly understand crypto is thus the key to sustained, long-term adoption. Because when knowledge is power , education is em p...

Nuvei, a Canadian fintech company, partners with credit card giant Mastercard to offer instant payout capabilities in Asia-Pacific. The partnership will allow Nuvei to offer instantaneous payout capabilities for their customers in the APAC region by using Mastercard Send. Nuvei’s users will be able to process payouts, including business-to-consumer operations and funding transactions of 1.5 billion for credit, debit, and prepaid Mastercard cards. You might also like: Mastercard and Binance to terminate partnership in September Mastercard is one of the biggest credit card companies, established in 1966. In recent years, the company has been actively involved in the cryptocurrency industry. It has recognized the potential of digital assets and taken steps to integrate cryptocurrencies into its network. In February 2021, Mastercard announced its intention to support a limited number of cryptocurrencies on its network. This move was seen as a significant step towards mainstre...

DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon. Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in line with its DeGods NFT collection. 1. y00ts will be migrating to Ethereum. — y00ts (@y00tsNFT) August 9, 2023 The NFT collection had mostly migrated from Solana to Polygon in April. The move was first initially announced in December, with the migration starting officially on March 28. By March 30, Polygon announced 11,633 of a total of 15,000 y00ts NFTs had been bridged. DeLabs said the move was to unite its y00ts community with its DeGods community. DeGods had also announced it would be bridging off Solana in December and similarly began its migration from Solana to Ethereum ...

The wallet developer also raised $4.5 million from HackVC and other firms to further advance ZK-based enterprise solutions. Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year. According to the announcement, Demox also raised $4.5 million from investors to further develop ZK-proof technology through Aleo and other networks. Over 40,000 users signed up for the Leo wallet waitlist in the period leading up to its debut. Congratulations to Demox Labs, creators of @theLeoWallet for securing $4.5m in funding. We are proud to have a top-notch team building the future of privacy on @AleoHQ https://t.co/4P5bNVx4Ea — Aleo (@AleoHQ) June 2, 2023 The funding round was led by venture capital firm ...

Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community. Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community, leading many to come back to crypto roots, reviving the Bitcoin white paper published just weeks after the Lehman Brothers meltdown in 2008.  It's truly amazing how many people are scared that a couple Banks went down. Someone tell these people WHY BITCOIN WAS CREATED. — Toby Cunningham (@sircryptotips) March 11, 2023 "There’s an entire generation of builders who only read about Lehman and the financial crisis and scoffed at Bitcoin. Now, their eyes are wide open. Welcome new friends," stated on Twitter Ryan Selkis, founder and CEO of Messari.  in shock that is all the SPEED at which all of this is happening is unbelievable — Meltem Demirors (@Melt_Dem) March 10, 2023 Approximately six weeks after the dramatic collapse of the...

The Ethereum ecosystem is edging closer to its latest milestone as the Shanghai upgrade draws near. The Ethereum ecosystem will continue its ongoing metamorphosis as the highly anticipated Shanghai upgrade draws near. The latest preeminent smart contract blockchain protocol improvement will activate Ether (ETH) withdrawals from Ethereum’s Beacon Chain. The Merge marked a significant milestone for the Ethereum network in 2022, with the blockchain platform shifting from proof-of-work to proof-of-stake consensus. That change introduced validators as the new “miners” of the network, with staking ETH becoming a key component in maintaining the network. While full validators were required to stake 32 ETH to process transactions and add new blocks to the network, the broader ecosystem could stake smaller amounts of ETH to earn a share of rewards — much like an investor that puts capital into interest-bearing accounts. Those that locked up ETH to become validators have been unable to withdraw...

Opportunity cost is the potential benefit that is missed out on when choosing one option over another. Opportunity cost, explained Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen. Consider the scenario when you have a limited budget and are debating between buying a new laptop or going on vacation. The value of the vacation you could have taken with the same amount of money would be the opportunity cost if you decide to buy the laptop. Similarly, if you decide to take the vacation, the opportunity cost would be the laptop you could have purchased with the same amount of money. Everyone is gambling, all the time. The "risk takers" have the courage to attempt something and gamble with the possibility of failure. The "risk averse" avoid failure, but gamble with the opportunity cost of what they could have achieved—had they...

Universities in the U.K., including Cambridge, Imperial, Edinburgh, Oxford and University College London, offer blockchain-related programs. Universities in the United Kingdom have started offering cutting-edge research programs, courses and practical experience in various aspects of blockchain technology, including cryptocurrencies, smart contracts, privacy, security and scalability. Students who graduate from these programs will be well-equipped with the knowledge and skills necessary to become leaders in the field of blockchain technology and drive innovation and adoption in various industries. Here are top five universities to study blockchain in the United Kingdom. University of Cambridge The University of Cambridge is a public research university located in Cambridge, and its Cambridge Centre for Alternative Finance (CCAF) is a leading research center in the field of alternative finance, which includes research on blockchain and cryptocurrencies.  The CCAF conducts research on ...

Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes. The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto analytics platform Glassnode. In a Feb. 13 report from Glassnode, the firm explained that for the first time in Bitcoin’s 14-year history, a portion of network activity is being used for purposes other than peer-to-peer monetary Bitcoin (BTC)  transfers: “This is a new and unique moment in Bitcoin history, where an innovation is generating network activity without a classical transfer of coin volume for monetary purposes.” Glassnode explained that the Ordinals surge has contributed to a “short-term uptick in Bitcoin network usage of late” which has brought many “new active users” with a non-zero BTC balance to the network: Number of Bitcoin addresses with a non-zero ba...

Ethereum co-founder and Consensus founder Joe Lubin says ETH’s relatively stable value through crypto winter is reason to be bullish about Ethereum’s future. With Ethereum showing resilience through the latest cryptocurrency winter, Consensus founder Joe Lubin says he’s ‘bullish’ over Ether's (ETH) relative stability through compounding macro events.  Cointelegraph Magazine editor Andrew Fenton spoke to Lubin at the Web3 event Building Blocks 23 in Tel Aviv, Israel, for an all-encompassing interview around the current state and future of the Ethereum ecosystem landscape. The co-founder of the preeminent smart contract blockchain protocol touched on a number of subjects, including ETH’s market performance over the past year. A myriad of macro events, including the collapse of algorithmic stablecoin Terra/LUNA and the demise of cryptocurrency exchange FTX, played their role in what Lubin described as a blow off top for the ecosystem: “We do this thing as you know, where we get irrat...

Sorare seals partnership with the English Premier League to issue Ethereum-based digital player cards for its popular fantasy sports platform. Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other users across a variety of nonfungible token (NFT) marketplaces. Cointelegraph reached out to Sorare to clarify details of their latest deal which brings the Premier League to the fingertips of Football fans. While the partnership was officially announced on January 30, a Sorare spokesperson said discussions between the league and the company had been ongoing for a lengthy period. Premier League player cards are available for purchase on Sorare's platform, with some 'super rare'...