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Ethereum has been dominating the NFT space. Other blockchains like Solana , Polygon, and BNB Chain have been tagging alongside. However, the list now Features a new entrant, Bitcoin. Ordinals on Bitcoin debuted in January 2023 and they have been an evergreen topic of discussion since then. On one hand, people from the industry have been excited to welcome NFTs to Bitcoin. On the other hand, skeptics have been debating how Ordinals unlock a world of dangers for the Bitcoin network, including malware assaults and soaring transaction costs.  Ordinal Inscriptions are quite similar to NFTs. However, they come with a slight twist. They are digital assets inscribed on a Satoshi, the lowest denomination of Bitcoin. The network’s SegWit and Taproot upgrades that took place to improve the privacy and efficiency of the network opened the doors for Satoshi inscriptions. According to data from Dune Analytics, over 153.6k Ordinal Inscriptions have been created to date. Parallelly, users h...

The state of the United Kingdom’s economy has been worsening. Right from inflationary concerns to the energy crisis, citizens have been battling a host of problems—all at the same time. Amid all this, Prime Minister Liz Truss said towards the end of last week that she was stepping down. Also Read: UK PM Truss is entitled to receive a yearly allowance of £115,000 Truss, on her part, seemed to be quite a supporter of emerging technologies. Notably, in 2020, when Brexit was being finalized, Truss served as Trade Minister for the UK. During her tenure as Trade Minister, she stated that the UK could “create great opportunities in areas such as blockchain.” Prior to that, in 2018, Truss had taken social media to state that the UK should welcome crypto s. Read More: What is UK’s New Prime Minister Liz Truss’s Stance on Crypto? A day back it was announced that Indian-origin Rishi Sunak was to succeed Truss as the Prime Ministe...

Cable news network CNN has bid adieu to its Web3 and NFT experiment, Vault. Announcing the same, the official statement on Twitter read, “We have decided that it’s time to say goodbye to Vault by CNN . “ Vault by  CNN  was created last year and typically offered buyers NFTs that commemorated major news events. Post the announcement, people from the space did not hesitate from adding tags like bizarre to its market. Elaborating on the journey, the statement noted, “Vault was originally launched as a six-week experiment, but the support and engagement from our community let us expand this project into something much larger.” News of our own to share pic.twitter.com/qcxaDXNRYO — Vault by CNN (@vaultbycnn) October 10, 2022 Rug-pull accusations against CNN pour in At the time of the launch, the news cable network had chalked out its intention to expand and had given word to users about future airdrops . It had stated at that...