Press Releases Daily TheBitTimes.com

Bitcoin Ordinals appear to be alive and kicking with nearly 85% of network activity dominated by inscriptions and BRC-20 minting on Aug. 21. Ordinal inscriptions have continued to dominate activity on the Bitcoin network over the past week despite the cryptocurrency’s recent price decline and suggestions that the hype around Bitcoin NFTs have “died.” On Aug. 21, Ordinals developer "Leonidas" pointed out that Bitcoin had 530,788 transactions over the past 24 hours, with 450,785 of those transactions being Ordinals related. “In the midst of everyone claiming "Ordinals are dead" they have literally accounted for 84.9% of the activity on Bitcoin,” he said. Over the past 24 hours Bitcoin had 530,788 transactions. 450,785 of those transactions were Ordinals related. In the midst of everyone claiming "Ordinals are dead" they have literally accounted for 84.9% of the activity on Bitcoin. You can't make this stuff up. — Leonidas (@LeonidasNFT) August 20, 2023...

Despite hating on crypto for years, and calling NFTs worthless and easy to replicate two years ago , Peter Schiff is set to release an NFT art collection on Bitcoin. In what seems like a parody but isn't, Economist, gold proponent and avid crypto skeptic Peter Schiff has unveiled a collaborative nonfungible token (NFT) art collection on Bitcoin that will soon go up for auction. The reaction from the crypto community has been mixed, with people generally baffled, amused, welcoming — especially Ordinals proponents — or keen to point out the apparent hypocrisy. its a hack right? did i just teleport to a different timeline? im so confused — Deezy (@CryptoDmack) May 26, 2023 For years, Schiff has actively bashed crypto — especially Bitcoin (BTC) — at any chance he gets, with his arguments essentially revolving around BTC being a Ponzi-scheme that has no inherent value. Despite all of that, Schiff unveiled the “Golden Triumph” collection via a May 27 Twitter thread, in collaboratio...