"Inscription 2042 first fart on Bitcoin blockchain sold for USD 280000", Reddit."Someone uploaded a fart to Bitcoin Ordinal network and apparently sold it for $280k", CryptoSlate.The NFT reportedly sold for 12.3 BTC (~$280,000), though it's tough to verify given the lack of any sort of Ordinals marketplace. That record has now been broken by Inscription 2042, which is not an image but rather a 1-second-long audio recording of a fart sound. On February 9, an "Ordinals Punk" - the Ordinals version of CryptoPunks - sold for 9.5 BTC (~$218,000). If nothing else, I do have to give them credit for pushing some Bitcoin maxis into paroxysms of fury.Īnyway, Bitcoin seems to be having its own little resurgence of NFT mania. Perhaps longing for the halcyon days when you could mint an NFT on Ethereum and smile in satisfaction at the carbon emissions you just blasted into the atmosphere, some Bitcoiners came up with Ordinals: the latest iteration of NFTs on Bitcoin, and certainly the most popular. "SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes", United States Securities and Exchange Commission.He is reportedly hiding out in Serbia, and Korean authorities reportedly traveled there in early February to hunt for him. An Interpol red notice followed soon after. Kwon has been on the run from the law since Korean authorities filed a warrant for his arrest in September 2022. The complaint accuses Terraform and Kwon of offering unregistered securities and of fraud, and the SEC wrote in a press release that Kwon and the company "orchestrat a multi-billion dollar crypto asset securities fraud".Īccording to the SEC, Kwon "repeatedly misled and deceived investors" about the characteristics and stability of Terra and Luna, and tricked investors into believing that a popular Korean mobile payments platform used the Terra blockchain. Securities and Exchange Commission filed charges against Terraform Labs and its CEO, Do Kwon, relating to the May 2022 collapse of the Terra/Luna projects.
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