• The International Monetary Fund (IMF) has released a board paper providing guidance on how countries should draft appropriate policies in relation to cryptocurrencies. • The policy advisory document, known as “Elements of Effective Policies for Crypto Assets”, addresses the inquiries of IMF member states on the benefits and risks of cryptocurrencies. • Through this…
• Inscriptions on the Bitcoin network are a type of application similar to non-fungible tokens (NFTs). • The size of the Bitcoin blockchain has increased significantly due to these Inscriptions, mainly from images. • Audio and video types have the largest average size, but contribute the least to the total data footprint due to their…
• Bitcoin network activity has recently reached its highest level since May 2021 due to the rising popularity of Ordinals NFTs. • CryptoQuant’s Network Activity Index is used to measure the activity on Bitcoin’s network, which is evaluated by four metrics such as active addresses and block size. • The increase in Bitcoin’s block size…