A bug fix on the Bitcoin network could put a stop to new Bitcoin Ordinals and BRC-20 tokens as they’re causing network congestion by “exploiting a vulnerability,” claims a Bitcoin Core developer.

In a Dec. 6 X (Twitter) post, developer Luke Dashjr said inscriptions — used by Ordinals and BRC-20 creators to embed data on satoshi’s — exploit a Bitcoin Core vulnerability to “spam the blockchain.”

He explained the Bitcoin Core code has allowed users to set limits on the size of extra data in transactions since 2013, but “by obfuscating their data as program code, inscriptions bypass this limit.”

PSA: “Inscriptions” are exploiting a vulnerability in #Bitcoin Core to spam…

Read more on Cointelegraph

The Bitcoin (BTC) Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains.

ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5, per CoinGecko data. ORDI is up 216% in the last seven days.

The sudden ORDI price uptick saw it become the first BRC-20 token to reach a $1 billion market cap on Dec. 5, it currently commands a value of $1.3 billion.

ORDI has dropped slightly from its high and is trading for under $61, which is still an over 2,000% increase from its Sept. 11 all-time low of $2.86.

ORDI has gained over 850% in the past… Read more on Cointelegraph

DEBT Box and other defendants in a Securities and Exchange Commission lawsuit want the case tossed after the court found the agency lied to secure a temporary restraining order against them.

“The SEC got this case wrong. Badly wrong,” lawyers for Digital Licensing Inc., which does business as DEBT Box, told Utah federal court Judge Robert Shelby in a Dec. 4 motion to dismiss. “The SEC should not be allowed to continue to spin a false narrative to avoid dismissal.”

The SEC won a temporary restraining order to freeze DEBT Box assets on Aug. 3, claiming the firm would remove evidence and secretly transfer assets overseas if they were notified the order would be imposed on them.

The…

Read more on Cointelegraph

Bitcoin (BTC) futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high.

Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge has run parallel to Bitcoin’s 26% gain over the same time, with Bitcoin currently trading at just over $44,000.

CME’s Bitcoin futures open interest reached $5.2 billion on Dec. 6. Source: Coinglass

From Oct. 1 to 21, 2021, open interest in CME’s Bitcoin futures surged from $1.46 billion to $5.45 billion.

The rapid uptick in open interest also…

Read more on Cointelegraph

A new feature from Coinbase Wallet allows for the transfer of crypto through a link that can be sent through some of the most popular social media sites and messaging apps as the crypto exchange looks to make its service accessible to a wider market.

“Users can now send money on any platform that they can share a link,” Coinbase said in a Dec. 5 blog post, naming apps like iMessage, Telegram, WhatsApp, Facebook, Instagram, and TikTok.

There’s no payment fee when sending USD Coin (USDC), a U.S. dollar stablecoin Coinbase launched in 2018.

Send money anywhere you can send a link.

Easily. Instantly. For free.

⤷ pic.twitter.com/XX9YaZZEPm

— Coinbase Wallet ️… Read more on Cointelegraph

In an exclusive interview with Benzinga in late August 2023, Cathie Wood highlighted that the Bitcoin BTC/USD market in 2030 would reach around $25 trillion.

Prices and market cap since then have surged 70% each, with the market cap currently at $856.8 billion.

What Happened: Bitcoin in today’s late trade breached the $44,000 mark for a brief period. The price saw a 4.5% rise in today’s trade taking the 30-day gains to 25% while the past year had seen a 159% surge.

In the interview, Wood added she continued being a Bitcoin believer stating it is the first global, government oversight, digital rules-based monetary system the world has ever known.

“If institutions need to move…

Read more on Benzinga

The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ether (ETH). Notably, this milestone, marking the highest level in 19 months, propelled Bitcoin to become the world’s ninth-largest tradable asset, surpassing Meta’s $814 billion capitalization.

Despite the recent bullish momentum, analysts have observed that retail demand remains relatively stagnant. Some attribute this to the ripple effects of an inflationary environment and decreased interest in credit, given that interest rates continue to hover above 5.25%. While analyst Rajat Soni’s post may have dramatized the…

Read more on Cointelegraph

Elon Musk’s X-linked AI modeler xAI has an agreement for the private sale of $865.3 million in unregistered equity securities, according to a filing with the United States Securities and Exchange Commission (SEC) made on Dec. 5.

xAI filed the SEC’s Form D to allow it to engage in the private sale of securities without registration. The form is used to comply with Regulation D of the Securities Act of 1933, which provides exemptions to the standard rules. On the form, Musk is listed as the executive officer and director of the business.

Access to Grok is currently severely limited. Source: x.ai

The xAI Form D further clarifies that the securities will be sold to accredited investors with…

Read more on Cointelegraph

Jack Harlow concert-goers scanned QR codes on their phones before entering the multi-platinum rapper’s show on Monday in Lexington, KY. 

What they may not have known was how their entry had been facilitated by blockchain tech.

MITH is a Polygon-based fan engagement startup that partnered with Harlow to offer on-chain VIP tickets for the rapper’s recent mini-tour in Kentucky. The company created on-chain records of attendance at the shows, but its founders told Blockworks they are taking a “mullet” approach to get users on board — Web2 in the front, Web3 in the back. 

In the future, MITH will launch platforms for creatives to monetize fan interactions and for fans to accrue…

Read more on Blockworks