NFTs on the auction block this round included Tyler Hobbs’ Fidenza #725, Dmitri Cherniak’s Ringers #375, Autoglyph #187 and CryptoPunk #1326. Source
Sotheby's Auctions Part of 3AC's Rare NFT Collection, Bringing In $2.4 Million
Tag: Million
Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million
Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.” Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over one million addresses which hold at least 1 BTC. Back: Adoption trend lays path to “hyperbitcoinization” It was a long time coming and received much attention on social media, and the time is finally here — there are one million entities which own a whole bitcoin. These “wholecoiners” have been steadily accruing since mid-2021,…
Tether buys $222 million worth of bitcoin to back its USDT stablecoin
Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in the current quarter, which is not yet over. Justin Tallis | Afp | Getty Images Cryptocurrency giant Tether on Wednesday said that it’s going to purchase hundreds of millions of dollars’ worth of bitcoin to back the world’s largest stablecoin. The company said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token, which aims to stick to a 1-to-1 peg…
Bitcoin Startup River Raises $35 Million in Series B Funding Round
Due to the recent failures and flaws of the traditional banking system, Bitcoin’s potential to foster a more secure global economy may have come to light in a new way. River, a Bitcoin technology and financial services startup, has completed a $35 million Series B funding round. This follows after its $12 million Series A round in 2021. The new round was led by Kingsway Capital and also saw participation from contributors such as Alarko Ventures, Valor Equity Partners, Goldcrest, Cygni, and M13 among others. Billionaire investor Peter Thiel also…
Bitcoin.com Wallet Celebrates Major Milestone With 40 Million Crypto Wallets Created
Bitcoin.com is proud to announce that it has reached a significant milestone in its mission to increase the adoption of cryptocurrency worldwide: the creation of the 40 millionth crypto wallet in the multi-chain, DeFi-ready Bitcoin.com Wallet. Since its inception in June 2017, the Bitcoin.com Wallet has seen a rapid rise in user adoption, reflecting the increasing acceptance and adoption of cryptocurrency around the globe. It took nearly two years for Bitcoin.com to reach its first five million wallets. In contrast, the recent fifteen million wallets have been created in just…
Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum – Bitcoin News
On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in fees by confirming inscription transactions which equate to roughly $35.86 million in added onchain fees. Bitcoin’s Inscription Frenzy: Over 7 Million Ordinal Inscriptions and Counting The unstoppable momentum of Bitcoin’s Ordinal inscriptions continues to defy detractors, surging past several milestones. With over 7 million inscriptions now firmly embedded in the…
One Million Individual Wallets Now Hold a Whole Bitcoin (BTC)
“During the last peak in 2019, most Bitcoin transactions skewed towards larger transactions, in the range of $1,000 to $10,000,” said Tom Rodgers, Head of Research at ETC Group, in an email to CoinDesk.“This suggests most Bitcoin users were using the blockchain for trading.” Original
Community-Driven Blockchain Platform Parex Raises US$ 6․5 Million – Press release Bitcoin News
press release PRESS RELEASE. Parex has successfully developed a community-driven DAO ecosystem through its ParexChain, Parex Wallet, RaccoonSwap, Exchange, and other decentralized applications. The company has secured US$ 6.5 million in a new investment round. The funding was provided by DWF Labs that invested US$ 3 million, and Bitgert Ventures, the investment arm of the cryptocurrency exchange Bitgert which invested US$ 3.5 million. The investment round was completed just as Parex was preparing its ParexChain infrastructure, which is designed to provide a fully community-driven DAO blockchain ecosystem. The funds will…
Bitcoin addresses holding 1 BTC or more reach one million: Glassnode
The number of Bitcoin (BTC) wallet addresses holding one whole BTC or more has surpassed the one million mark. The one million wholecoiner milestone was reached on May 13, according to data from Glassnode. Number of Bitcoin wallets holding more than 1 Bitcoin since inception. Source: Glassnode. As the price of Bitcoin fell more than 65% over the course of last year, the number of wallet addresses holding one Bitcoin or more spiked, with the most notable surges occurring during an acute market crash in June and from November 11,…
French Crypto User Jailed and Fined €3.4 Million for Illegal Use of Cryptocurrency in Morocco
A 21-year-old French crypto user, Thomas Clausi, has been handed an 18-month prison sentence and a hefty €3.4 million fine in Morocco for the illegal use of cryptocurrency. Clausi was found guilty of “fraud” and “illegal use of cryptocurrency” by the Moroccan courts, which consider the use of cryptocurrency illegal. The case against Clausi began in 2021 when he used Bitcoin to purchase a luxury car, which Moroccan customs deemed an illegal transfer of funds. He was arrested in December 2021 and sentenced last October to prison time in addition…