MicroStrategy Explores Bitcoin Ordinals App Development – May 19

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$26,846

Bitcoin price appears to have stagnated just below $27,000, despite Federal Reserve chair Jerome Powell’s hints today that rate hikes may be paused.

Top-20 altcoins have also traded relatively flat, as Ether remains unchanged, BNB falls less than 1% and Chainlink is the largest mover with a 2% drop.

Top Stories for May 19, 2022 🔥

👉 MicroStrategy Explores Bitcoin Ordinals App Development

MicroStrategy co-founder Michael Saylor has expressed interest in the Ordinals protocol and its potential for software innovation, during an interview at Bitcoin 2023 in Miami.

Ordinals, which launched in January, allows the creation of NFT-like assets on top of Bitcoin, leading to experimentation with the cryptocurrency. Saylor believes that applications built on Bitcoin’s functionality, enabled by Ordinals, could contribute to wider adoption of the coin.

👉 Coinbase Launches Subsription Service With Zero Trading Fees

Crypto exchange Coinbase is launching a subscription service called “Coinbase One” in 35 countries, beginning with the United Kingdom, Germany, and Ireland.

Coinbase One will offer features like zero-fee trading, increased staking rewards, and exclusive benefits through partnerships with companies like Messari and CoinTracker.

Members will also have additional benefits, including access to a dedicated 24/7 support team, simplified tax filing through a pre-filled Form 8949 for US members and more.

👉 Pakistan Government Takes Firm Stance Against Crypto

The government of Pakistan has taken a firm stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha stating that cryptocurrencies will never be legalized in the country.

Pasha cited conditions set by the Financial Action Task Force (FATF) to keep Pakistan off the international finance watchdog’s “Grey List” as the reason for the ban.

The State Bank of Pakistan (SBP) and the Information Technology Ministry have been instructed to work on banning cryptocurrencies, while retail banks in Pakistan have also started informing customers that crypto trading is illegal.