Author: Jeremy Ryan

A small monetary bounty and an aptitude for coding were all it took to fork the Ordinals protocol to the world’s second-ever cryptocurrency network, Litecoin (LTC) earlier this week, its creator told Cointelegraph.On Feb. 18, an Australian software engineer by the name of Anthony Guerrera posted a repository to GitHub that forked the Bitcoin (BTC) Ordinals protocol to Litecoin. This allowed for nonfungible token (NFT)-like assets on the Litecoin network in much the same way it had made it to Bitcoin earlier in the year.In an interview with Cointelegraph, Guerrera said he was spurred to make a Litecoin Ordinal fork due to…

Financial Stability Board (FSB) chair Klaas Knot has outlined how the organization plans to address key threats to financial stability this year in a Feb. 20 letter sent to the G20’s finance ministers and central bank governors. Crypto assets and decentralized finance (DeFi) had a prominent place on the list of challenges the FSB saw. The G20 ministers and bankers group is meeting Feb. 24–25 in Bengaluru, India.The FSB has an “ambitious work programme” for finalizing a crypto asset regulatory framework in 2023, Knot said. The FSB is an advisory body created by the G20 and affiliated with the Bank…

Real Vision CEO and co-founder Raoul Pal believes nonfungible tokens (NFTs) will act similar to “high-end property” in the traditional economy, outperforming Ether (ETH) during crypto market boom cycles. In an hour-long YouTube video published on Feb. 20, the former JPMorgan executive offered a run-down of what he felt most bullish about when it came to NFTs, including key use cases for the asset class, its underlying tech, and its potential performance relative to Ether.Boom! Here you go… My deep dive thesis and understanding on NFT’s, what they mean, where they are going and why they are important and more.. It’s…

Cradles, an MMORPG with a different take on their game’s economic model, announced their plans to hold a two week open beta in March. Starting on March 15th, players can check out the world and fight some dinosaurs! The opportunity to apply for a beta spots for Cradles opens on March 1st and runs through March 10th. Look for a chance to snag a slot on their Discord server. We don’t have details on how many slots will be open. But with this being called an open beta, hopefully getting in won’t be too difficult! This MMO promises player driven…

The consequences of the FTX scandal at the hands of its founder and former CEO, Sam “SBF” Bankman-Fried, continue to surface. On Feb. 17, it was reported that bankrupt crypto lender BlockFi has appealed to the United States Bankruptcy Court in Wilmington, Delaware to strip the Chapter 11 bankruptcy protections from SBF’s offshore investment vehicle. Emergent Fidelity Technologies Ltd. was used by the FTX founder to purchase a 7.6% stake in Robinhood Markets Inc. According to BlockFi’s motion, the bankruptcy status of Emergent Fidelity holds little purpose and was filed to undermine BlockFi’s own claim to shares of Robinhood. However, a spokesperson…

NFT Following two straight months of sales growth, NFT trading rapidly accelerated over the past week as Ethereum NFT volume more than doubled during that span. It’s due to an evolving market in which upstart marketplace Blur has overtaken leader OpenSea, with traders rapidly flipping valuable NFTs like they’re DeFi tokens. According to data from DappRadar, Blur has generated $460 million worth of Ethereum NFT trades over the past seven days—a 361% increase over the previous span. OpenSea, meanwhile, saw a 12% increase in trading volume to $107 million during that period. The third-place marketplace, X2Y2, tallied barely $11 million…

NFT Organizers of the Proof Collective’s Proof of Conference event canceled the event planned for May, citing “considerably less interest than anticipated,” according to the event’s website. Proof is a Web3 project created by Digg co-founder Kevin Rose. It’s the collective behind Moonbirds, a collection of 10,000 pixelated owl NFTs. Moonbirds is the tenth biggest Ethereum NFT project by market cap in the space, according to CoinGecko data. “As you know, in the world of NFTs, timing is everything,” the note from Proof Founder Kevin Rose and his team reads. “Today, it’s time for us to recognize that right now…

Aavegotchi prepares to launch The Forge, a system that lets players break down wearable items into components, and then use those components to craft new wearables! The Aavegothchi crafting system is set to go online on February 22nd, 2023. Known as The Forge, this crafting system has two components, smelting and forging. Smelting allows players to break existing Aavegotchi Wearables down into their base components of Schematics, Cores, Alloy. Forging allows players to use these components to create new Wearables. Wearables are composed of three or four components — schematics, cores, alloys, and sometimes essence. Schematics function as the blueprint,…

Hong Kong’s Securities and Futures Commission (SFC) calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023.A key consideration of the public consultation window is whether to allow licensed exchanges to serve retail investors in the country and what measures should be implemented to provide a range of “robust investor protection measures.“The SFC announced the consultation process on Feb. 20, outlining a new licensing regime for the industry which proposes that all centralized cryptocurrency trading platforms operating in Hong Kong must be licensed with the regulatory body.The SFC’s proposed regulatory…

Fighter Era Odyssey (FEO) is gearing up to launch the ‘FEOVERSE,’ where top ‘King of Fighters (KoF)’ characters will battle it out with versions of themselves in alternate universes. Since these players possess the same powers, it will take something special to beat the opponent and advance to the next round.With this in mind, FEO has come up with an ingenious way to get ahead in the game. As such, the platform will launch NFTs that give characters an edge, thus helping them absorb their opponents’ powers and standing a chance to win the title of the ‘Ultimate Fighting King.’First…