🦎🚀 Orange is the new Ordinals? 👀

Thursday, May 2, 2024

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In today's news:

Saylor vs Sam 👁️
The sign of four 🔢

Read on!

24h Hot Searches Worldwide 🔥

Kamino (+48.3%)
Solana (+10.2%)
Pepe (+14.9%)
Bitcoin (+1.2%)
Degen (-0.3%)
Ethereum (+2.5%)
Jupiter (+9.2%)

Top Blockchains by Market Share & Trading Volume

Ethereum remained the largest blockchain by trading volume in 2024 Q1, but has been challenged by the likes of Solana and Arbitrum.

Ethereum was briefly surpassed by Arbitrum in January and February 2024, with trading volume bolstered by Arbitrum's incentive program.

Saylor vs Sam 👁️

Orange is no longer just the color of Bitcoin.

Looking to compete with the likes of Worldcoin, Michael Saylor, CEO of MicroStrategy, announced that the firm will be launching the Microstrategy Orange Decentralized Identity Protocol.

According to MicroStrategy's vice president of engineering, Cezary Rackzo, the protocol will allow decentralized identities to be embedded and secured by the Bitcoin network.

Deviating from the stance of Bitcoin purists, the Orange protocol will use its own rendition of the Ordinals protocols to create inscriptions of decentralized identifiers.

These identifiers can then be used to verify users on social media and the legitimacy of important documents such as certificates and medical records.

Rackzo added that the platform will also feature its own software development kit (SDK), allowing developers to integrate applications from the Orange protocol directly into their own systems.

Besides the announcement, MicroStrategy has also published an unofficial draft of the Orange protocol specifications on Github.

Editor's Take:
As the malicious usage of artificial intelligence and scams continue to proliferate, it's no wonder that more firms are getting into the concepts of proof-of-personhood and decentralized identifiers. Now with Saylor officially joining the race, we may soon see a wave of similar projects looking to jump on the bandwagon in carving out this specific niche in the crypto space.

Ethereum is a permissionless, decentralized network. So how are changes to the protocol decided on? Find out in this video.

Watch now

The sign of four 🔢

The most entertaining outcome is often the most likely.

In what seemed like a coincidence, Changpeng Zhao, the figure fondly known as CZ by the crypto community, may have predicted his prison term a year earlier.

The founder of Binance was recently sentenced to 4 months in prison after he pled guilty to money-laundering violations in 2023.

According to officials from the US Department of Justice, Zhao was responsible for cultivating a company culture that prioritized Binance's growth over regulatory compliance.

The DOJ initially wanted CZ sentenced to 3 years in prison, but the presiding Judge, Richard Jones, disagreed.

On the other hand, his lawyers fought for probation instead of a prison sentence, citing the previous case of Arthur Hayes, who was placed on house arrest for six months, followed by a two-year probation.

Carbon Browser is a fast decentralized web3 browser with better privacy and an integrated multi-chain wallet with cross-chain swaps.

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What is DEGEN? Learn about the meme coin on Base and its community-driven Layer 3.

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In Other News...

No Running From Taxes. 'Bitcoin Jesus' Roger Ver charged with $50M tax evasion.
A New Gaming Network. Redstone, a new Ethereum scaling network designed for fully on-chain games and "autonomous worlds," launched its mainnet, with a number of early games already available for play.
Real World Assets. BlackRock's USD Institutional Digital Liquidity (BUIDL) Fund hit $375M in assets under management, making it the world's largest tokenized treasury fund, surpassing Franklin Templeton's BENJI in record time.
It's Bitcoin Season! Build on Bitcoin launches mainnet with over 40 applications, with more to come in the next three weeks.
Uniswap x Robinhood. Uniswap users can now use Robinhood Connect to purchase cryptocurrencies with funds from their Robinhood accounts or a debit card, as well as via bank transfer.
How much BTC do ETFs, nations and companies actually own? About 15% of BTC supply is held by ETFs, nations and companies, according to a report by VanEck.

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