Bitcoin

Bitcoin ‘Epic Sat’ That Sold for $2 Million Used to Inscribe Art in Ordinals – With AI Voice by Grimes

Published

12 months ago

8 May, 2024

Bitcoin 'Epic Sat' That Sold for $2 Million Used to Inscribe Art in Ordinals - With AI Voice by Grimes

A Bitcoin “epic satoshi”, or a particularly rare version of the smallest denomination of BTC, was sold for 33.3 BTC in April – about $2.1 million at the time. It has now been used to enroll a Ordinals feature featuring music and the AI-generated voice of Canadian electronic pop artist Grimes (aka Claire Boucher).

An “epic satoshi” or “epic sat” is an extremely rare satoshi – that is, 1/100,000,000 of a BTC – that is generated during each Bitcoin halved. The quadrennial event halves the amount of Bitcoins earned by miners (who support the network). And these epic sats are said to be particularly valuable to collectors when NFT-as ordinals are inscribed in them.

Bitcoin Ordinais Project Bubble Book inscribed his art in the last epic via inscription 70,634,325, which was entered on Sunday. The “Spikes” series inscribed in the epic satoshi comes through the pseudonym Nurowho says they are one doctor became a Bitcoin enthusiast and founder of Nuro Realm, Cypherpunk Labs and Blob Army.

Nuro explained that the “Spikes” collection investigates the exploration of the mind, brain and reality while preserving consciousness in Bitcoin. He added that “Spike #1” was entered into the sat epic and was created in collaboration with software developers and Ordinals enthusiasts. Eloc Remarc, BoppletonIt is Bifetoshi.

“We are experimental artists working at the intersection of art, science and technology, so it has been a dream of ours to place our work in an epic setting and inspire the community to experiment and create new art,” Nuro told Decrypt. “We believe everyone is an artist, you just need to find your medium.”

“Spike #1,” Nuro said, is the first “neurogenerative” 3D audiovisual piece about Bitcoin Ordinals and includes its inscribed brain data that manipulates the art in the inscription.

“Neurogenerative” is a reference to generative AI and neurographic art. Neurographic art refers to art designed to work with the subconscious mind. Projects like the startup Neurotech Prophetic use generative AI to engage the subconscious mind and lucid dream during sleep.

Nuro said the idea to use Grimes’ Elf Tech AI technology came about after a spoken word project didn’t have the effect he wanted, and Eloc suggested he take a look at Grimes’ AI voice.

“It’s original art and music that we made that uses Grimes’ free and open style. [Elf Tech] AI voice for some of the vocals,” said Nuro.

In April 2023, Grimes announced the launch of Elf Tech and offered anyone who used their voice a 50% royalty on AI-generated music using their voice. “Feel free to use my voice without penalty,” Grimes wrote on Twitter. In other words, Grimes is not personally involved in this project, but her technology is available for any creator to use.

“I looked into it and saw that she’s a badass cypherpunk who said ‘Fuck copyright, use my voice without penalty,’” Nuro said, paraphrasing Grimes’ own statements. “So I tried it and loved the spirit and how it sounded to give it a more cosmic and digital vibe. So I’ve been using it ever since along with my own voice and Steaktoshi’s.”

Nuro said that although the Elf Tech program was easy to use, calling it fun and unpredictable, it had its problems, including downtime and upload issues. Nuro is not new to the world of Bitcoin art: in February Cypherpunk Labs and Nuro Realm collaborated with Deezy Labs and Superbosses gallery to launch his San Francisco gallery dedicated to Bitcoin Ordinals art.

In April, the last of the four “epic sats” was mined by Bitcoin mining pool ViaBTC and was auctioned on cryptocurrency exchange CoinEX. It was expected to yield a considerable sum, as Ordinal collectors value assets derived from rare satoshis. And indeed, in the end, there was a winning bid of 33.3 BTC, or $2.1 million in value at the time of the sale.

Following the inscription of the Spike #1 Ordinal, a “child”The version was recorded as the EPIC•EPIC•EPIC•EPIC Rune #66429 using the Rune Token Protocol which was half-released by Ordinals creator Casey Rodarmor.

Since launch, EPIC•EPIC•EPIC•EPIC has seen just over $1 million in trading volume via a prominent marketplace Magical Edenwith a market value of almost US$50 million at the current price of 79 satoshis (about US$0.05 in Bitcoin).

Edited by Andrew Hayward

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Bitcoin

What to watch for in the markets

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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Cryptocurrency Charts by TradingView.

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