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Network activity on the Bitcoin blockchain has hit a level not seen since China banned crypto miners in May 2021, according to data from CryptoQuant. The uptick stems from the popularity of the Ordinals protocol, which allows NFTs to be stored on Bitcoin. Okcoin Chief Operating Officer Jason Lau reacts to the report.

Feb 9, 2023

French luxury brand Hermès won a landmark trademark lawsuit against "Metabirkin" NFT artist Mason Rothschild. Enclave Markets General Counsel Olta Andoni weighs in on the outcome and compares the trademark dispute to Andy Warhol's Campbell's Soup Cans artwork, noting "there's a lot more artistic relevance there."

Feb 9, 2023

A Manhattan federal jury concluded that non-fungible token (NFT) artist Mason Rothschild's "Metabirkin" NFT collection violated Hermès' trademark rights. "Just because you are creating digital art doesn't mean no consumer protections are applicable," Enclave Markets General Counsel and Chief Compliance Officer Olta Andoni said.

Feb 9, 2023

Bitcoin exchange LocalBitcoins is set to close this month amid the "ongoing very cold crypto winter." Okcoin Chief Operating Officer Jason Lau weighs in on how this could impact the market and crypto sector overall.

Feb 9, 2023

Bitcoin exchange LocalBitcoins will close this month after 10 years of operation, in response to current market conditions. The company said in a statement, "we are sad to share, that regardless of our efforts to overcome challenges during the ongoing very cold crypto-winter, we have regretfully concluded that LocalBitcoins can no longer provide its Bitcoin trading service."

Feb 9, 2023

Should you be using blockchain to help store your data? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

Feb 9, 2023

Coinbase CEO Brian Armstrong tweeted that he's heard rumors that the U.S. Securities and Exchange Commission wants to ban retail investors from engaging in cryptocurrency staking, the income-generating technique at the core of running blockchains including Ethereum. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.

Feb 9, 2023

Tokens utilizing artificial intelligence technology have been on a tear recently, as ChatGPT's popularity is spiking and tech giants like Google and Microsoft are entering the space. CoinDesk Executive Director of Global Content Emily Parker discusses the relationship between crypto and AI.

Feb 9, 2023

Crypto lender SALT has closed a $64.4 million Series A funding round from a share sale to accredited investors less than three months after a planned sale fell through due to the implosion of centralized crypto exchange FTX. SALT Lending CEO and Director Shawn Owen discusses the raise, business plans, and outlook for crypto lending.

Feb 9, 2023

Okcoin Chief Operating Officer Jason Lau joins "First Mover" to discuss the recent pause in bitcoin's January rally as the largest cryptocurrency by market capitalization trades sideways, staying below the $23,000 level. Plus, insights on the Ordinals protocol boosting network activity on the Bitcoin blockchain to a two-year high, according to a new CryptoQuant report. And, his reaction to LocalBitcoins planning to close down amid crypto winter.

Feb 9, 2023