Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.

The question on many people’s minds is how this will affect the price of Bitcoin and how much of the unlocked Bitcoins will be sold. The creditors are sitting on a significant profit thanks to their forced HODL (hold on for dear life) strategy.

In this article, we’ll explore the launch of the Ordinals protocol, how Ordinals work, how they differ from traditional NFTs, and statistics about Ordinals transactions.

Yuga Labs’ TwelveFold Bitcoin (BTC) NFT top 288 bids are led by a 2 BTC bid (around $50,000), with the lowest being 0.111222 BTC ($250) as of press time.

Bitcoin is the most popular cryptocurrency across 35 out of 46 countries in Europe. Dogecoin has secured the second spot as the most favored cryptocurrency in more than half of the European countries.

Judging by the number of crypto-related internet searches, the Netherlands came in as the most crypto-curious country among all 46 European nations, according to Dua Crypto’s European Crypto Index.

Bitcoin can now be used as a sovereign rollup to execute the Ethereum Virtual Machine (EVM).

The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents have expressed dissatisfaction with the technology being referred to as a rollup, and have suggested that the team should avoid using the term.

El Salvador’s political leader outlined in a recent interview the most important advantages which adopting bitcoin as a legal tender brought to his nation. First, it made the Latin American country much more attractive to travelers, boosting tourism by approximately 95%. 

Silvergate Bank’s (SI) woes, including the shutdown of its crypto lending platform, SEN, aren’t necessarily moving the price of bitcoin (BTC), Hany Rashwan, CEO of cryptocurrency company 21.co, said. Rather, he attributed recent price levels to macroeconomic factors.