The Solana blockchain has now seen its first million-dollar NFT sale. Blockchain advisory firm Moonrock Capital purchased one of the Degenerate Ape Academy NFTs for 5,980 SOL on Saturday, worth $1.1 million. Moonrock bought Degen Ape #7225, a scarred zombie version of an ape with a halo, a gold toot...
Quick Take “Vincent Van Dough” has spent more than $20 million on NFTs. They recently also set up an NFT fund and aim to raise $100 million. The Block sat down with Van Dough to find out why they are so bullish on NFTs, how they value them, and about their plans for the new...
Quick Take MicroStrategy has invested nearly $3 billion in bitcoin. The bet is largely backed by loans worth over $2 billion. What happens if bitcoin (BTC) crashes? This feature story is available to subscribers of The Block Daily. You can continue reading ...
Traders almost expect it at this point — when cryptocurrency prices gyrate, exchanges buckle as users flood their systems. It's not a new issue; rather, it's one that has plagued exchange venues from BitMEX to Coinbase for years.  IamNomad, an outspoken voice on Crypto Twitter and former market make...
  It has been a wild summer for blockchain project Solana.  From the meteoric rise in the price of its native token to technical problems facing NFTs launched on the blockchain, the project has entered the forefront. On this episode of The Scoop, Anatoly Yakovenko Founder & CEO of Solana La...
The majority of top NFT collectibles have seen a considerable decrease in sales volume over the last week. According to data from CryptoSlam, four out of the top five NFT collectibles by trading volume — namely Loot, CryptoPunks, Bored Ape Yacht Club and Art Blocks — saw declines ranging from 44% to...
SIX, the Switzerland-based exchange operator, has scored a key approval in its bid to run a marketplace for digital securities. The approval came from the Swiss Financial Market Supervisory Authority, according to a Friday announcement, greenlighting the advance of the firm's digital bourse, dubbed ...
Benoit Coeure, head of innovation hub at the Bank for International Settlements (BIS), has called on central banks around the world to act fast over the rising crypto and decentralized finance (DeFi) space. In a speech delivered at the Eurofi Financial Forum on Friday, Coeure said stablecoins and De...
Blockchain platform Algorand created a $330 million decentralized finance (DeFi) fund today, to encourage growth of DeFi on Algorand. Algorand is a proof-of-stake protocol with high transaction speeds that was created by computer scientist Silvio Micali. It has a two-layer system for operating both...
Bitcoin's seven-day moving average hash rate has steadily recovered to the midpoint between its all-time high and recent lows. The Block's Data Dashboard shows bitcoin's average hash rate reached 135 exahashes per second (EH/s) on Thursday. That's up 50% since its low of around 90 EH/s in early July...

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