billion

MicroStrategy takes its Bitcoin holdings to 114,000 BTC ($5.1 billion)

MicroStrategy takes its Bitcoin holdings to 114,000 BTC ($5.1 billion)

Business intelligence firm MicroStrategy has purchased a further 5,050 bitcoin, taking its total holdings to 114,042 BTC, according to a statement today. The firm spent $3.16 billion on this entire stash, which has a current value of $5.1 billion — a 42% gain. Since making several major purchases toward the end of last year and …

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Bitcoin miners post $1.4 billion in revenue for August, data shows

Bitcoin miners post $1.4 billion in revenue for August, data shows

Bitcoin miners brought in approximately $1.41 billion in revenue during the month of August, according to data compiled by The Block Research.  The monthly figure is below the all-time peak of $1.75 billion posted in March but represents a month-over-month increase — roughly 45% — from July’s $971.83 million.  The vast majority of the August …

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OpenSea is first NFT marketplace to pass $1 billion in monthly trading volume 

OpenSea is first NFT marketplace to pass $1 billion in monthly trading volume 

The non-fungible token (NFT) marketplace OpenSea has surpassed $1 billion in monthly trading volume, according to data compiled by The Block.  OpenSea’s trading volume increased 286% from July to August, and it has carried the majority of NFT monthly trading volume since May of this year. The firm has already seen $1.23 billion in volume …

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Decentralized exchanges saw $56 billion in monthly volumes for July

Decentralized exchanges saw $56 billion in monthly volumes for July

advertisement Decentralized exchanges saw $56.47 billion in volume during the month of July, representing another monthly decline. According to The Block’s Data Dashboard, 65% of the monthly volume figure was derived from Uniswap v2 and v3 — $10.6 billion and $26.57 billion, respectively. SushiSwap and Curve posted $6.07 billion and $5.13 billion in monthly volumes, …

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Why MetaKovan, the buyer of the $69 million Beeple NFT, thinks the token is actually worth $1 billion

Why MetaKovan, the buyer of the $69 million Beeple NFT, thinks the token is actually worth $1 billion

Quick Take A crypto billionaire who goes by the name MetaKovan recently paid $69 million for an NFT by the digital artist Beeple. Who is MetaKovan and why does he think this art is actually worth $1 billion? This feature story is available to subscribers of The Block Daily. You can continue reading this Daily …

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Ether price hits new highs above $2,560, market cap nearing $300 billion

Ether price hits new highs above $2,560, market cap nearing $300 billion

Ethereum’s price has hit new all-time-highs over $2,560 on Coinbase Pro. The price of the second-largest cryptocurrency by market capitalization jumped above the $2,500 level for the first time around 10:30 UTC on Thursday. The price growth continued to above $2,560 and is changing hands around $2,540 as of press time, which represents a 13% …

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Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated

Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated

$7.6 billion in crypto long positions have been liquidated over the past hour as bitcoin’s price plunged to $52,000, data from bybt.com shows. Bitcoin’s price began to trend downwards early Saturday, but the steep plunge began around 3:00 UTC on Sunday.  Bitcoin’s price dropped by more than 10% over the past hour, from $58,000 to …

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Creator of hit NFT project NBA Top Shot poised to net $250 million in round led by $25 billion firm

NFT platform development startup Dapper Labs valued at $7.5 billion

Dapper Labs, the NFT development platform behind NBA Top Shot, is raising money at a $7.5 billion valuation in a round led by Coatue Management, according to the tech news publication The Information.  The three-year-old Dapper Labs had just completed a $305 million funding round on March 30, which valued Dapper at $2.6 billion. That …

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