NFT enthusiasts are wondering whether Bitcoin NFT hype can be sustained.The number of BTC Ordinals inscriptions has surpassed 200k.The creators of BAYC have released their own BTC NFT project powered by Bitcoin Ordinals.The price of the cryptocurrency was up more than 30% over the last twenty-four hours, trading at $1.11 a coin at last check.Bitcoin Dominance: BAYC Creators Move Into BTC NFTs, but Can the Hype Last? 'Since there is no FDIC or SIPC insurance for crypto the fact that they are 'trying' to make account holder's whole is a good sign,' John Spallanzani of Miller Value Partners told Business Insider. Most digital currencies were trading up against the US dollar during Saturday trading, according to CoinMarketCap. It appears investors' worries have since been mollified.

The heist awakened memories of the notorious hack of Japanese cryptocurrency exchange Mt Gox in 2014, which resulted in more than 850,000 bitcoin being stolen from the now defunct exchange.Īs such, most major digital currencies were in the red for much of Friday's trading session. Coincheck is still looking into exactly what happened. The company said Friday that more than 500 million NEM coins, the seventh largest cryptocurrency, vanished after being 'illicitly' transferred off the exchange. The Tokyo-based exchange said in a statement it would reimburse the 260,000 customers affected by the $400 million heist of digital currency NEM, 'at a rate of 88.549 yen (81 US cents) for each coin,' Bloomberg News reported. It will reimburse the 260,000 customers who saw their NEM holdings vanish.Ĭoincheck, a Japanese cryptocurrency exchange, is set to use its own money to pay back victims of a hack of its exchange.Japanese crypto exchange Coincheck is set to pay customers following a $400 million heist, according to a Bloomberg News report.

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