Bitcoin Ordinals team launch nonprofit to grow protocol development

    The Open Ordinals Institute aims to bolster the protocol’s future development as Ordinals inscriptions hit a milestone of 21 million. A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin has been launched by the team behind the Bitcoin Ordinals protocol. The California-based nonprofit called the Open Ordinals Institute will bolster the…

    Pond0X token launch snafu leads to millions of dollars in losses

    Investors reported they lost up to $2.2 million when the developer of Pond0x allegedly mishandled the token’s launch. The launch of memecoin Pond0x has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestro trading app shows that the Pond0x (PNDX) token reached…

    Yes, the Secret Service has an NFT collection, and no, it’s not for sale

    Agents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collection. What does it do? The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea. The NFT collection was first revealed during a Reddit AMA on May 16, where…

    Crypto Travel Rule implementation ‘remains relatively poor,’ says FATF

    The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation. A renewed call from the Financial Action Task Force has asked countries to implement the “Travel Rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23,…

    Tokenized FTX claim is used as collateral for a loan

    A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan. A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by an FTX claim, according to the bankruptcy…

    Immutable’s Gods Unchained launches on Epic Games Store

    The trading card game, which features NFT cards, will now be available to Epic Games’ 230 million customers. Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement. Gods Unchained is a collectible trading card game…