Coindesk

Bitcoin inscriptions project OrdinalsBot has minted what it says is the largest file ever on the oldest and most valuable blockchain: the last in a collection of 1,500 "Pizza Ninjas."It's part of a phenomenon in the Bitcoin development community known as "four meggers," which are files that take up an entire block on the network.They are called four meggers because they are almost 4 megabytes (MB) big (the maximum size of each block of transactions on Bitcoin). Ordinals collectors consider them valuable due to their visibility on the blockchain."There's more than just bragging rights behind wanting to have the largest file on Bitcoin," said Toby Lewis, co-founder of OrdinalsBot. "Four meggers will be on the Bitcoin blockchain forever and they...

Bitget, a cryptocurrency exchange that has grown rapidly in recent years to one of the largest, is considering partnerships with U.S. firms to gain a foothold in America, encouraged by the incoming Trump administration's likely pro-crypto stance.Some of the largest crypto exchanges such as Binance, ByBit, OKX and Bitget are prohibited from serving U.S. citizens. Binance.US, the American arm of the largest exchange, has been all but squeezed out as part of a bruising $4.3 billion settlement between its parent company and U.S. authorities.In early 2022, Bitget, which has daily trading volume of around $8 billion, considered starting the process of acquiring U.S. state licenses, said the exchange’s CEO, Gracy Chen. But after the collapse of FTX, the climate didn’t...

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market has begun the week on a negative note, with bitcoin (BTC) lower after a weekend spent wrestling with the $100,000 mark amid reports that Amazon shareholders are pushing for an allocation to the cryptocurrency. The persistent indecisiveness since Dec. 5 amid increased retail participation has some indicators pointing to a mid-bull cycle top.For example, BTC's value days destroyed (VDD) indicator, a velocity gauge, has jumped to 2.0 from 0.5, signaling that older coins are being sold. As the founder of 10x Research, Markus Thielen, points out, "This often reflects profit-taking by long-term holders, a behavior typical in the later stages of a bull market." Luckily for the bulls, VDD...

Movement, an Ethereum layer-2 network that was built using MoveVM, will issue its native token on Monday with a portion of the tokens being airdropped to early users and community members.The token, MOVE, will be listed on Binance via the exchange's airdrops portal, and will also be listed on prominent South Korean exchanges Upbit and Bithumb.Movement Labs raised $38 million in a Series A financing round led by Polychain Capital in April. Move is a programing language first designed by Facebook and has since been used to create Sui and Aptos.MOVE will be listed on Binance at 13:00 UTC and 20:00 local time on Upbit.The maximum supply of MOVE is 10 billion, with 10% of that being allocated to early...

DeFi protocol Radiant Capital has attributed a $50 million exploit it suffered in October to North Korean hackers.According to a report published on Dec. 6, the attackers started laying the groundwork for the Oct. 16 attack in mid-September, when a Telegram message from what appeared to be a trusted former contractor was sent to a Radiant Capital developer.The message said the contractor was pursuing a new career opportunity related to smart contract auditing and was seeking feedback. It included a link to a zipped PDF file, which the developer opened and shared with other colleagues.The message is now believed to have come from a “DPRK-aligned threat actor” who was impersonating the contractor, according to the report. The file contained a...