Roughly nine days ago, there were fewer than 10,000 Ordinal inscriptions on the Bitcoin (BTC) blockchain. Since then, inscriptions have increased by 1,434%, surpassing the 100,000 mark. At the time of writing, there are approximately 109,988 Ordinal inscriptions hosted on the decentralized network.

Interactive Brokers, a global electronic broker with a valuation of about $340 billion, has announced the launch of cryptocurrency trading in Hong Kong. 

Bitcoin bolted past $23,750 for the first time in 13 days after surging more than 7% over the past 24 hours, likely the result of the type of short squeeze that historically has sent prices higher.

In the past 24 hours, and crypto bank Silvergate Capital (SL) recorded the highest spike with over 25% to reach $21.83 at the time of writing.

Xverse, billed as a “Bitcoin wallet for Web3,” just rolled out support for Ordinals, the newly popularized protocol allowing users to inscribe NFTs onto the Bitcoin blockchain.“Today, we’ve launched first-class support for Ordinals,” tweeted the wallet team on Wednesday. The company explained that inscribing NFTs through its software involves “no need to run a node, complex software, or anything else,” merely some Bitcoin to pay a transaction fee, which can be bought directly through the app. 

Bitcoin soared back above $23,500 on Wednesday, less than one week after losing the support line in response to the regulatory crackdown against an industry giant last week.

No one’s ready for Bitcoin NFTs, not even Bitcoin itself, and here’s my attempt at trying to see the sense in this.

Satoshi Nakamoto, the anonymous creator of Bitcoin (BTC), once explained why he believed the digital currency was unlikely to fail in comparison to previous similar products. 

El Salvador has disclosed plans to move a step further on its bitcoin adoption plans with the set up of a new Bitcoin embassy in Texas. Milena Mayorga, the Ambassador of El Salvador to the US, made this disclosure yesterday, adding that she had met with Joe Esparza, the State Government’s Assistant Secretary, to discuss “the opening of the second Bitcoin embassy in Texas” as well as “the expansion of commercial and economic exchange projects.”

Computing power on the bitcoin network, or hashrate, reached 300.65 exahash per second (EH/s) Wednesday, as miners got some breathing room amid a bitcoin price rebound and a decline in energy prices.