What are Ordinals?In the most simple terms Ordinals are NFTs on Bitcoin. If you're interested in the technology behind them and why they've only just come about now, there is a good explainer available on Decrypt.How do you create Ordinals?While Ordinals are a new technology, the actual content of the NFT can be created in the same way that you would create any other digital content. For example, you might take a photograph, draw an image or render a 3D File. The biggest thing you&a...

What are Ordinals?In the most simple terms Ordinals are NFTs on Bitcoin. If you're interested in the technology behind them and why they've only just come about now, there is a good explainer available on Decrypt.How do you create Ordinals?While Ordinals are a new technology, the actual content of the NFT can be created in the same way that you would create any other digital content. For example, you might take a photograph, draw an image or render a 3D File. The biggest thing you&a...

gm Well, Ledger have already started backtracking on the Recover feature discussed last week and have re-commited to open-sourcing more of their code. A welcome step for sure! It seems like Ethereum's memecoin season is mostly behind us, apart from a determined crowd that continue to throw Ether at an ape influencer named Ben that I'm hesitant to link to here. Feel free to reply to this email if you're out of the loop. At the same time, Bitcoin Ordinals appear to be here to sta...

gm Well, Ledger have already started backtracking on the Recover feature discussed last week and have re-commited to open-sourcing more of their code. A welcome step for sure! It seems like Ethereum's memecoin season is mostly behind us, apart from a determined crowd that continue to throw Ether at an ape influencer named Ben that I'm hesitant to link to here. Feel free to reply to this email if you're out of the loop. At the same time, Bitcoin Ordinals appear to be here to sta...

gm The week started with such hope as many talked about the potential for Apple to kickstart a new wave of Metaverse investments with it's announcement of the Vision Pro. People were picking up tokens from the top metaverse platforms and then the SEC entered the chat... The SEC began their week by launching enforcement actions against Binance, which kick-started a sell-off and just as the market was coming up for air, they hit Coinbase too. Whether there is substance to their claims will...

gm The week started with such hope as many talked about the potential for Apple to kickstart a new wave of Metaverse investments with it's announcement of the Vision Pro. People were picking up tokens from the top metaverse platforms and then the SEC entered the chat... The SEC began their week by launching enforcement actions against Binance, which kick-started a sell-off and just as the market was coming up for air, they hit Coinbase too. Whether there is substance to their claims will...

gm It seems as if the Crypto market is holding onto its recent gains and could be consolidating for another leg up. Meanwhile blue chip NFT collections are in freefall. Could the blue chip NFT crew be migrating to the crypto majors? - @nuconomist📈 Weekly Crypto StatsCrypto Market Cap: 1.24 Trillion Dollars 🔼 +0.81% (Was 1.23 T) Bitcoin Dominance: 47.7% 🔽 -0.83% (Was 48.1%) Ethereum Dominance: 18.7% 🔼 +0.54% (Was 18.6%) Other Crypto (excl. BTC & ETH): 33.6% 🔼 +0.90% (Was 33.3%) Nuconomist...

gm It seems as if the Crypto market is holding onto its recent gains and could be consolidating for another leg up. Meanwhile blue chip NFT collections are in freefall. Could the blue chip NFT crew be migrating to the crypto majors? - @nuconomist📈 Weekly Crypto StatsCrypto Market Cap: 1.24 Trillion Dollars 🔼 +0.81% (Was 1.23 T) Bitcoin Dominance: 47.7% 🔽 -0.83% (Was 48.1%) Ethereum Dominance: 18.7% 🔼 +0.54% (Was 18.6%) Other Crypto (excl. BTC & ETH): 33.6% 🔼 +0.90% (Was 33.3%) Nuconomist...

Ledger recently announced a new service called "Recover" which is designed to help you recover your seed phrase in case of emergencies. The problem is, the method for doing this is splitting your seed into three shards and sharing them with third parties over the internet. This breaks the fundamental argument for having a hardware wallet as a cold wallet in the first place and leaves the door open for hackers to potentially use these same channels to extract the private keys from a device. Wh...

Ledger recently announced a new service called "Recover" which is designed to help you recover your seed phrase in case of emergencies. The problem is, the method for doing this is splitting your seed into three shards and sharing them with third parties over the internet. This breaks the fundamental argument for having a hardware wallet as a cold wallet in the first place and leaves the door open for hackers to potentially use these same channels to extract the private keys from a device. Wh...

gm If last week's price action was a rollercoaster, then this week felt like one of the theme park rides that shoots you vertically into the air without pause. Although, hopefully in this case, we aren't waiting on the precipice for an equal drop. News of a BlackRock ETF application simmered over the weekend before shifting market sentiment almost overnight as the news digested and sent the crypto majors up by about 20% over a matter of days. There is definitely a feeling of a shift...

gm If last week's price action was a rollercoaster, then this week felt like one of the theme park rides that shoots you vertically into the air without pause. Although, hopefully in this case, we aren't waiting on the precipice for an equal drop. News of a BlackRock ETF application simmered over the weekend before shifting market sentiment almost overnight as the news digested and sent the crypto majors up by about 20% over a matter of days. There is definitely a feeling of a shift...

gm While the price action certainly hasn't been explosive this week, the community reaction to a recent prouct release from Ledger certainly was. They announced a new service called "Recover" which is designed to help you recover your seed phrase in case of emergencies. It didn't go well at all and you can read my thoughts on it here. Other than that, today is Bitcoin Pizza day, so it's time to celebrate with a slice 🍕 It's been 13 years since one of the first real transa...

gm While the price action certainly hasn't been explosive this week, the community reaction to a recent prouct release from Ledger certainly was. They announced a new service called "Recover" which is designed to help you recover your seed phrase in case of emergencies. It didn't go well at all and you can read my thoughts on it here. Other than that, today is Bitcoin Pizza day, so it's time to celebrate with a slice 🍕 It's been 13 years since one of the first real transa...

gm We're still just about holding above $30k in Bitcoin and 1.8-1.9k for ETH. The NFT market still isn't looking great, although with a sharp rebound across several popular collections. And that upcoming Ether mint discussed last week, well... it got paused due to lack of demand. Hopefully those locking up their NFTs for 10 weeks were really just in it for the art. After sharing the crypto tools for ChatGPT last week, I thought I'd experiment with using some of them to create t...

gm We're still just about holding above $30k in Bitcoin and 1.8-1.9k for ETH. The NFT market still isn't looking great, although with a sharp rebound across several popular collections. And that upcoming Ether mint discussed last week, well... it got paused due to lack of demand. Hopefully those locking up their NFTs for 10 weeks were really just in it for the art. After sharing the crypto tools for ChatGPT last week, I thought I'd experiment with using some of them to create t...

gm This weeks newsletter comes a day later due to the holiday, however, that one day has given us a lot more direction. Price is sharply down this morning after the SEC began the process of suing Binance. The initial reaction was quick and to the downside. However, within their case, the SEC asserts that several of the cryptocurrencies on offer are securities including; Algorand, Axie Infinity, Binance BNB, COTI, Cosmos, Decentraland MANA, Filecoin, Sand, Solana, Polygon, and Cardano. Even ig...

gm This weeks newsletter comes a day later due to the holiday, however, that one day has given us a lot more direction. Price is sharply down this morning after the SEC began the process of suing Binance. The initial reaction was quick and to the downside. However, within their case, the SEC asserts that several of the cryptocurrencies on offer are securities including; Algorand, Axie Infinity, Binance BNB, COTI, Cosmos, Decentraland MANA, Filecoin, Sand, Solana, Polygon, and Cardano. Even ig...

gm While we start this week with Bitcoin and Ethereum at a similar price to last week (around $26.5k for BTC and $1750 for ETH), there was quite the rollercoaster in-between with new local lows set on Wednesday and Thursday last week at $24.7k and $1619 respectively. Things managed to climb back up, potentially helped by traditional markets faring better and the US announcing a momentary pause on interest rate hikes. The lack of new surprise lawsuits targeting crypto probably helped, for now....

gm While we start this week with Bitcoin and Ethereum at a similar price to last week (around $26.5k for BTC and $1750 for ETH), there was quite the rollercoaster in-between with new local lows set on Wednesday and Thursday last week at $24.7k and $1619 respectively. Things managed to climb back up, potentially helped by traditional markets faring better and the US announcing a momentary pause on interest rate hikes. The lack of new surprise lawsuits targeting crypto probably helped, for now....