For months Bitcoiners have been bitterly debating the Ordinals phenomenon and the large amount of trading activity and congestion they brought to the chain. It’s a very nuanced clash where it’s difficult to find the correct “ideological” response. I won’t be trying to give a definitive answer here, as that’s ultimately up to the community…
On Free Speech President of Bitcoin Magazine, Mike Germano, has dared me to publish this rant with the following meme: Source: https://x.com/mikegermano/status/1773003239312503243?s=20 To all the haters, yes, even in Bitcoin Magazine can free debate flourish. I’m grateful for the opportunity to submit a dissenting opinion about Ordinals. With technical editor Shinobi at the helm, writers’…
Major financial services company Franklin Templeton, managing approximately $1.5 trillion in assets, believes Bitcoin is experiencing a “renaissance” in innovation driven by ordinals and other new developments on Bitcoin. JUST IN: $1.5 trillion asset manager Franklin Templeton says Ordinals drive ‘positive momentum’ in #Bitcoin innovation. Institutions are coming 🙌 pic.twitter.com/3lSDwNwE5Q — Bitcoin Magazine (@BitcoinMagazine) April 4, 2024…
Pioneering bitcoin wallet company Oyl has secured a $3 million pre-seed investment from a variety of investors, including UTXO Management and Domo, the creator of the BRC-20 token standard. The investment marks a noteworthy shift in cryptocurrency investment trends, with several Ethereum NFT funds making their first foray into a bitcoin-centric business. Arca, which led…
Last May, I wrote an article for Bitcoin Magazine predicting that Layer 2 (L2) metaprotocol solutions would resolve the Ordinals controversy. Now that two of the most highly-anticipated Layer 2 solutions, Taproot Assets (TA) and RGB, are either available or imminent, it’s time to revisit this subject. Indeed, it may be past time judging by…
The promotional approach seems effective in driving sales for Trump’s latest NFT collection, limiting “one of one” ordinals to a maximum of 200 in this exclusive offer. In a recent digital collectible endeavor, Donald Trump has introduced an unconventional non-fungible token (NFT) on the Bitcoin blockchain, priced at $9,900. Distinct from typical NFTs, this latest…
OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets. Cryptocurrency trading platform OKX has raced ahead of rivals to become the top marketplace for non-fungible tokens (NFT), recording over $50 million in daily NFT trading volume compared to $13 million on Blur and $3…
The BitcoinShrooms compilation featured pixelated artworks, with a particularly captivating avocado that outperformed initial expectations, commanding an impressive $101,600. In a groundbreaking move, renowned auction house Sotheby’s has ventured into the world of Bitcoin Ordinals inscriptions, a form of Non-Fungible Tokens (NFTs), with unprecedented success. The auction featured a set of three pixelated images from…
BitcoinShrooms uses pixelated art from the 1980s that is permanently stored on the Bitcoin blockchain through the Ordinals protocol. Venturing into the world of Bitcoin NFT artwork, the renowned auction house Sotheby’s introduces its first-ever sale titled “Bitcoin Ordinals”, featuring pixel art by an anonymous crypto artist known as Shroomtoshi. This one-of-a-kind auction, which runs…
The Ordinals protocol was introduced to Bitcoin in early 2023 at a most opportune time. Bitcoin had nearly two years of low transaction fees from the lack of demand to actually send Bitcoin transactions. Bitcoin is considered to be the most secure blockchain in the world, but that security depends on miners who receive their…
Taproot Wizards, a Bitcoin Ordinals project focused on advancing Bitcoin’s capabilities, has secured $7.5 million in funding to assemble a team of top tier developers to build on Bitcoin. The investment round was led by Standard Crypto, with Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital participating in the raise as well….
BTC Inc., through its Ordinals-focused division Rare BTC, has brokered the sale of inscription number 76 for 1.7 BTC, which is equivalent to approximately $61,000 at the time of sale. The sale is indicative of the active interest and perceived value in the Ordinals space, with Rare BTC positioning itself as a key player in…
The listing of ORDI token on Binance comes with a Seed Tag hinting at elevated levels of risk and volatility compared to other listed tokens. In the latest announcement on Tuesday, November 7, Binance will list Ordinals (ORDI) on the platform while introducing spot trading pairs such as ORDI/BTC, ORDI/USDT, ORDI/TRY. Furthermore, Binance also announced that…
Defining Bitcoin Ordinals The Role of Ordinals in Bitcoin Bitcoin ordinals refer to the unique identification numbers assigned to each satoshi on the blockchain. They serve as a timestamp and help establish the order in which satoshis occur. Ordinal theory enables participants to verify the chronology of satoshis, ensuring that the network reaches a consensus…
Elon Musk criticized NFTs and offered a solution which seemed to praise Bitcoin Ordinals as they solve the problem the Tesla CEO highlighted. X (formerly Twitter) Chairman Elon Musk recently spoke on a podcast deriding non-fungible tokens (NFTs). However, while speaking, Elon Musk seemed to unintentionally make a case for Bitcoin NFTs, known as Bitcoin Ordinals….
Institutional investors are taking a bold step into the world of Ordinals as the sector’s first managed fund goes live, promising to actively trade and invest in Ordinals-related assets. Led by portfolio manager L. Asher Corson from Consolidated Trading, the Unbroken Chain fund has already secured significant partnerships and is poised to raise $5 million…
In the ever-evolving landscape of Bitcoin, a new term has been making waves – Ordinals. You’ve likely heard of Bitcoin, but have you ever stopped to consider what Ordinals are and why they’re generating so much chatter? While the digital collectible community is abuzz with excitement, innovation and speculation, Bitcoin Magazine EDU and Magic Eden…
Casey Rodarmor, the chief coder behind the Bitcoin Ordinals protocol, announced Tuesday that he is proposing a significant change to the software, one that could be viewed with skepticism by its budding user base. Revealed in a post on X Tuesday, Rodarmor specifically proposed deprioritizing the canonical numbering system that assigns unique and coveted numbers to inscriptions…
Casey Rodarmor, the creator of the Ordinals protocol, made a surprising return to the public eye during the Ordinals Summit held in Singapore this week. The appearance marks Rodarmor’s first public engagement in months, following a period of isolation after the protocol’s launch in January of this year. He previously broke his silence most…
This is an opinion editorial by L. Asher Corson, a partner at UTXO Management. As a Bitcoin Maximalist, I love Ordinals. Other Maximalists should also consider loving Ordinals, as they demonstrate Bitcoin’s superiority in ways not previously possible. Ordinals enable functionalities that undermine the need for other blockchains to even exist. The use cases that…
An iconic Ordinal is being donated to the team that kickstarted the upstart protocol. Announced today, Bitcoin Magazine is gifting one of its 23 ‘Historic Covers,’ unique one-of-one Ordinals representing our print magazine’s original run, to the Open Ordinals Institute, a new non-profit dedicated to fostering development of the open-source Ordinals protocol. Launching at the…
The Bitcoin Frontier Fund is introducing a groundbreaking accelerator program dedicated to companies in the Ordinals ecosystem, per a press release sent to Bitcoin Magazine. Each selected Ordinals venture will receive a $100,000 seed investment, signifying a strategic shift toward Bitcoin’s technical enhancement. The fund raised $6.95 million to support Bitcoin-focused companies — with a…
The Ordinals team, led by creator Casey Rodarmor, has introduced the “Open Ordinals Institute,” a non-profit organization aimed at advancing the Bitcoin Ordinals protocol and its reference implementation, Ord. The Open Ordinals Institute will financially support Ordinals core developers, including the newly appointed lead maintainer, Raph, fostering an open-source contributor environment for sustained growth and…
This is an opinion editorial by Roy Sheinfeld, the co-founder and CEO of Breez, a Lightning Network mobile app. The more wonderful something is, the more passion it will arouse. Bitcoin is among the greatest wonders of the late-modern world, so Greg Foss is understandably very passionate about it. So passionate in fact, that he…
This is an opinion editorial by Bitcoms, a Bitcoin writer. “So quick bright things come to confusion” –William Shakespeare, “A Midsummer Night’s Dream” “Inscriptions” are a way of writing pieces of arbitrary information onto the Bitcoin blockchain. “Ordinals” are a convention used for tracking individual sats and linking them to inscriptions. This article does not…