United

BUSD

Bitcoin

ORDI

Read

<div class="cryptonews"> 
 <p class="is-style-lead">Binance Pool, the Bitcoin (BTC) mining pool, is launching an Ordinals <a rel="noopener noreferrer nofollow" title="inscription" href="https://thebittimes.com/tag/inscription.html">inscription</a> <a rel="noopener noreferrer nofollow" title="service" href="https://thebittimes.com/tag/service.html">service</a> for users to annotate satoshis, store ownership records, and more.</p> 
 <p>To access this <a rel="noopener noreferrer nofollow" title="service" href="https://thebittimes.com/tag/service.html">service</a>, users must have a verified account and a Taproot address, the most recent Bitcoin address format activated in 2021.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Binance to halt BUSD support due to legal issues 
 </div> 
 <p>Even with Bitcoin’s recent price decline and waning enthusiasm for non-fungible tokens (NFTs), Ordinals <a rel="noopener noreferrer nofollow" title="inscription" href="https://thebittimes.com/tag/inscription.html">inscription</a>s remain popular on the Bitcoin network.</p> 
 <p>In an Aug. 21 report, the Ordinals Protocol disclosed that out of the 530,788 transactions on Bitcoin, 84.9% were <a rel="noopener noreferrer nofollow" title="inscription" href="https://thebittimes.com/tag/inscription.html">inscription</a>s.</p> 
 <p>Therefore, as a customized feature, the decision for the Binance Pool to refocus on Ordinals appears logical.</p> 
 <p>Binance remains in the public spotlight due to regulatory uncertainties. The exchange is tussling with the United States Securities and Exchange Commission (SEC) and considering an exit from the Russian market due to sanctions. </p> 
 <p>These challenges have affected the exchange’s operations.</p> 
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
  <div class="wp-block-embed__wrapper"> <iframe title="SEC Accuses Binance's Zhao of Breaking Securities Rules" width="1020" height="574" src="https://www.youtube.com/embed/HXKFi7ZiQ24?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
  </div> 
 </figure> 
 <p>Following the SEC lawsuit in June, reports revealed that over $790 million of assets were withdrawn. </p> 
 <p>Binance has since halted certain offerings and will stop supporting Binance USD (BUSD) from early 2024. </p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Binance reportedly loses APAC region head amid regulatory issues 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-pool-launches-ordinals-inscription-service-tbt61144.html">https://thebittimes.com/binance-pool-launches-ordinals-inscription-service-tbt61144.html</a></p>

Binance Pool launches Ordinals inscription service

TheBitTimes

Other articles published on Aug 31, 2023

Yearn Community Approved the "Launch v3 Proposal"

Judge Dismisses Uniswap Lawsuit; Describes ETH a Commodity

BingX BTCUSDT scored industry lowest Slippage after Advanced Perpetual Futures Upgrades

City University Ajman and Ajman Municipality Collaborate in Empowering Human Resources through We...

🔥opBNB — New Vote on Roobee DAO!

Swift and Chainlink Collaborate to Foster Interoperability for Tokenized Asset Markets

Join our free newsletter for daily crypto updates!