NFT News by Thebittimes.Com

18 U.S. senators, including Cynthia Lummis and Ted Cruz, actively support the cryptocurrency sector. According to the advocacy group Stand with Crypto Alliance, created with the support of the Coinbase exchange, the leader among legislators in the number of initiatives to support the segment is Cynthia Lummis, who introduced eight bills and 184 resolutions over her time spent as Senator; who along with another 17 of her cohorts also took part in producing legislation favourable to the crypto ecosystem. Among others, the following senators are listed Ted Cruz, Kirsten Gillibrand, John Cornyn, Steve Daines. At least 30 senators , in turn, are against the crypto sphere the report contents. Among crypto ’s most vociferous skeptics is Mark Warner, who has four bills and 17 resolutions to his name that have attempted to tighten regulation of the industry to one degree or another. You might also like: US Senator Elizabeth Warren introduces bill to crack down on crypto Also on ...

The Magic Eden non-fungible token (NFT) marketplace has expanded its support for compressed NFTs (cNFTs) — a new system of NFT creation powered by Solana. This strategic decision offers creators a cost-efficient solution for their digital collectible minting, the company explained. Magic Eden, which recently welcomed BRC-20 tokens to its multi-chain platform, announced its support for cNFTs on X, formerly known as Twitter. At a time when the longstanding crypto winter is crippling NFT trading volume, Magic Eden says the latest feature will bring about a notable transformation in non-fungible tokens. The team claims cNFTs offer creators an economical and streamlined avenue for generating NFT content on a substantial scale. Through the magic of compression technology, the production of cNFTs becomes significantly more cost-efficient when compared to traditional NFTs. The team further explained that the “C” in cNFTs stands for “ compressed ” rather than Carda...

Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible tokens (NFTs) created on the Bitcoin network, popularly known as Bitcoin ordinals, will be listed on the Binance NFT marketplace. These assets are set to find their way into the Web3 industry as more NFT marketplaces evolve and provide digital assets access. Binance NFT to list Bitcoin ordinals On May 9, Binance NFT announce d that it would support Bitcoin ordinals on its NFT marketplace towards the end of this month. The listing for these NFTs will grow the Binance multi-chain NFT ecosystem to extend support for the Bitcoin network. Binance NFT x Bitcoin Ordinals 🔶 Bitcoin NFTs are soon coming to our marketplace, offering more opportunities for collectors and creators in our multi-chain ecosystem. Here's everything you need to know 🧵 — Binance NFT (@TheBinanceNFT) May 9, 2023 The Binance NFT marketplace already support s some of the largest blockchain net...