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Bitcoin transaction values and fees grew in 2020’s third quarter

The U.S. government auctions off 0.7501 BTC for $9,000 above market price

The United States General Services Administration (GSA) auctioned off 0.7501 Bitcoin at just over $9,000 above market price on Wednesday.  There were 31 total bidders, and the highest bid was for $53,104 — about $9,000 above the current market price of roughly $44,000 that 0.7501 BTC is currently priced. The GSA auction took place in …

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FalconX says $50M raise will help it woo billion-dollar hedge funds to the bitcoin market

FalconX says $50M raise will help it woo billion-dollar hedge funds to the bitcoin market

After raising $50 million at a valuation near $700 million, crypto brokerage and trading startup FalconX is preparing to expand its customer base of deep-pocketed hedge funds. According to chief executive Raghu Yarlagadda, who previously worked as a lead product manager for Google, the fresh capital will allow the company to expand its sales and …

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Binance’s BNB becomes the third largest crypto by market cap

Binance’s BNB becomes the third largest crypto by market cap

BNB, the exchange token of Binance, has become the third largest crypto by market capitalization for the first time as its price rally continues. Data from CoinGecko and Binance-owned CoinMarketCap both show that BNB’s market capitalization has surpassed that of Tether around 4:00 UTC on Friday. As of writing, BNB’s market cap stands at $34.4 …

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Market Wrap: Crypto Market Cap Breaks $1.5T as Buyers Show Up for the Dip

Market Wrap: Crypto Market Cap Breaks $1.5T as Buyers Show Up for the Dip

Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00 UTC (4 p.m. ET), bitcoin was trading above $48,600 on Coinbase. But the leading cryptocurrency still has yet to trade above the psychologically significant $50,000 mark.  Much of bitcoin’s choppy …

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Market Wrap: The 'Elon Effect' Blasts Bitcoin to $44.8K While Ether Moons

Market Wrap: The ‘Elon Effect’ Blasts Bitcoin to $44.8K While Ether Moons

Bitcoin’s price is getting closer to Mars thanks to Elon Musk while ether moons to a new record. Investors are pulling BTC out of DeFi, likely to diversify their profits. Bitcoin (BTC) trading around $44,023 as of 21:00 UTC (4 p.m. ET). Climbing 14.5% over the previous 24 hours. Bitcoin’s 24-hour range: $38,051-$44,801 (CoinDesk 20) …

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Market Wrap: Bitcoin Trading Tepidly at $33.7K While SushiSwap Eats Raw Market Share

Market Wrap: Bitcoin Trading Tepidly at $33.7K While SushiSwap Eats Raw Market Share

Bitcoin is taking a break, staying in a tight trading range with lower than average volume compared to the past month. Meanwhile, alternative cryptocurrencies and decentralized finance are stealing the spotlight. Bitcoin (BTC) trading around $33,782 as of 21:00 UTC (4 p.m. ET). Gaining 2.5% over the previous 24 hours. Bitcoin’s 24-hour range: $32,341-$34,715 (CoinDesk …

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Polychain’s Olaf Carlson-Wee breaks down the maturation of the DEX market

Polychain’s Olaf Carlson-Wee breaks down the maturation of the DEX market

Decentralized exchanges have been growing at breakneck speed, with volume surging to nearly $40 billion for January 2021 — the highest level ever reported. Just a year ago, DEX-based trading was almost non-existent, data from The Block indicates. In January 2020, a mere $600 million traded across DEXs. And DEX projects that raised tens of …

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Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase — the largest cryptocurrency exchange in the U.S. — alerted shareholders that the firm would launch a secondary market for its private stock on Nasdaq Private Market.  The move comes ahead of the firm’s much-anticipated public market debut. Coinbase, which filed a confidential S-1 in mid-December, said that it would provide further details to …

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Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Quick Take Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online. Data suggests this is actually happening — but prominent crypto traders aren’t exactly sure what’s driving it. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. …

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