As the value of cryptocurrencies continues to climb, the second-highest sale of a Cryptopunk non-fungible token (NFT) has been recorded at $ 16 million, as per onchain records. This sale significantly exceeds its previous purchase price of $ 7.67 million, which was just three years prior. Ethereum Sees Spike in NFT Transactions as …
Crypto automated teller machines (ATMs) have experienced a decline this year, marking the first downturn since October 2013, with the total count dipping from 39,350 to the present 33,620. Approximately 5,730 cryptocurrency ATMs have been decommissioned, constituting a 14.56% decrease from the peak in December 2022. Over 5,700 Crypto ATMs Vanish in Historic 2023 Downturn […]
Block Inc. reported an increase in third-quarter earnings, with total net revenue climbing to $ 5.62 billion, marking a 24% year-over-year growth. Setting aside its bitcoin operations, the company’s revenue saw a jump to $ 3.19 billion, up 16% from the previous year. The firm’s shareholder letter discloses that bitcoin revenue rose to …
Amid the recent gains in the crypto economy, the total value locked, or TVL, in decentralized finance, or defi protocols, has risen above the $ 40 billion threshold. This is after remaining below that level since mid-August. The top 100 defi coins by market capitalization are just below the $ 50 billion mark. …
According to current metrics, Paypal’s stablecoin PYUSD has increased its supply by more than 49% since the end of September, rising from 94.39 million to 140.86 million. Moreover, the number of PYUSD holders has risen by 55% since September 30, 2023. Concentration, however, is still evident in PYUSD, with the top 100 holders owning 99.95% […]