Transaction fees on the Bitcoin blockchain have been rising as users on it have been minting thousands of non-fungible tokens (NFTs), after a protocol called Ordinals started allowing people to mint them directly on the BTC network.
Voyager Digital’s creditors’ committee and Voyager itself have rejected an attempt by defunct cryptocurrency trading firm Alameda Research to recover $446 million in loan repayments made to the lender. Voyager filed for bankruptcy protection in July 2022.
Maker’s Decentralized Autonomous Organization (DAO) has approved the launch of a $5 million legal defense fund that will “reimburse legal defense expenses incurred by active MakerDAO participants in case of legal or regulatory action.”
Top stories in the Crypto Roundup today:
- Bitcoin NFTs Push Transaction Fees Higher
- Voyager Creditors Reject Alameda’s Bid to Recover $446 Million
- MakerDAO Approves $5 Million Legal Defense Fund
- Average Daily Aggregate Product Volumes Recover 30% to $72.5m