Cryptocurrency News TheBitTimes.com

The Ordinals Protocol is generating a circular digital economy where assets are priced, bought and sold via Bitcoin. In an email dated Jan. 17, 1993, Hal Finney — a developer and early contributor to Bitcoin — shared the concept of “encrypted digital cards,” which are now known as nonfungible tokens (NFTs). “Giving a little more thought to the idea of buying and selling digital cash, I thought of a way to present it,” Finney wrote at the time. “We’re buying and selling ‘cryptographic trading cards.’” The most fascinating detail of his email lies in the fact that, by sharing this idea, Finney intended to facilitate the understanding of the concept of digital money. His vision foreshadowed what we saw in 2021 with the NFT boom. Overnight, the crypto space shifted from being solely about financial decentralization to also encompassing the decentralization of art, gaming, entertainment and more. Hal Finney's email about "encrypted digital cards." The narrative that was once ...

Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network. Decentralized finance (DeFi) protocol Curve Finance has launch ed its native algorithmic U.S. dollar-pegged stablecoin , dubbed “crvUSD” on the Ethereum mainnet — minting more than $22 million worth of the crvUSD so far. According to data from blockchain explorer Etherscan, the contract has minted more than $22 million worth of crvUSD in the past 8 hours, with $20 million of that amount minted within the first 5 minutes. Screenshot of crvUSD transaction data. Source: Etherscan The deployment of crvUSD on the Ethereum network is a significant step towards the public release of the algorithmic stablecoin. Notably, the stablecoin remains inaccessible to general users, pending integration with Curve’s front-end user interface on its official website. Responding to a query about when users could expect to see the stablecoin released to the public in the official Cur...

The token protocol can be used for a wide variety of applications, including membership badges, loyalty programs, decentralized captcha bots, and credit underwriting. Masa Finance’s soulbound tokens will soon be available on Coinbase’s Base network, according to an April 4 announcement from Masa Finance. The new tokens will allow users to link identifying and reputational characteristics to their wallet addresses, making credit underwriting possible on the blockchain, the company said. @getmasafi to Launch Soulbound Token Protocol & Developer Toolkit on @Build0nBase Blockchain With the Base SBT Developer Toolkit Masa will support the seamless deployment and interaction with SBTs on Basehttps://t.co/MA9RDWYBAA#SBT #web3 #Masa #Soulbound #nft #identity pic.twitter.com/bGRxTXxYqb — Wartask (,) (, ) (@Wartask1) April 4, 2023 Masa had previously released its Soulbound Token protocol for Ethereum and Celer. In its announcement, Masa stated that the protocol can be used for a wide v...