Ethereum News Daily Official TheBitTimes.com

An NFT trader who noticed a bot was copying his trades tricked the bot out of 800 ETH, worth around $1.5 million. In this week’s newsletter, read about how the team behind Bitcoin Ordinals plans to drive the development of nonfungible tokens (NFTs) on Bitcoin and find out why metaverse platform The Sandbox requires Know Your Customer (KYC) checks for staking. In other news, learn why NFT gas usage is on a downward trend, and don’t forget this week’s Nifty News, featuring an NFT trader tricking a bot and bagging $1.5 million in profit .  Bitcoin Ordinals team launches nonprofit to grow protocol development The team behind Bitcoin Ordinals has launched a nonprofit aiming to boost the development of NFTs on Bitcoin. Dubbed the Open Ordinals Institute, the nonprofit will provide funding for Ordinals developers. The Bitcoin Ordinals protocol was launched in January, and it rapidly became one of the most popular trends in crypto. Users rushed to inscribe their assets like NFTs and Bitcoi...

The second-largest crypto is down 0.1% on Monday as investors usher in the European session. In addition to climbing into the lower $1,700 range, several buy signals are coming up to validate higher price swings. advertisement 30,000 ‘Ethscriptions’ Debut on Ethereum Blockchain The emergence of Bitcoin Ordinals was a game changer in the decentralized finance (DeFi) industry, especially for enthusiasts of nonfungible tokens (NFTs). The technology allowed NFTs to be inscribed on the Bitcoin blockchain, thus drastically increasing the network’s utility. Now, users within the Ethereum ecosystem, have a new Bitcoin Ordinals -inspired method to launch NFTs as well as other digital assets, thanks to a newly released protocol. According to a report by Cointelegraph, “Ethscriptions,” the new protocol launched on June 17, is the brainchild of Tom Lehman, the co-founder of the site Genius.com. Recommended Articles ...