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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
Bitcoin’s average transaction fee comes down after reaching record high amid Runes rollout
Bitcoin’s average transaction fee comes down after reaching record high amid Runes rollout

Quick Take The average fee paid on Bitcoin per transaction dropped to $34.8 on April 21, after logging a record high of $128.45 on the day of halving, YCharts data showed. The bitcoin total transaction fees fell to $22.37 million on Sunday from $81 million the day prior, according to the data.

The Block·2024/04/22 05:52
Only1 has raised $5 million to build an OnlyFans clone on Solana, but will creators join?
Only1 has raised $5 million to build an OnlyFans clone on Solana, but will creators join?

Quick Take Only1 has announced the closure of a strategic investment round of $1.3 million, led by Newman Group, bringing its total funds raised to $4.8 million in order to build an adult content platform on Solana. I asked a crypto-skeptical professional OnlyFans creator for his thoughts on what it would take to bring him onchain.

The Block·2024/04/22 00:13
FTX to sell next lot of locked Solana tokens at auction
FTX to sell next lot of locked Solana tokens at auction

Quick Take The next sale of FTX’s stockpile of locked Solana will take the form of an auction, likely because of high demand from buyers.

The Block·2024/04/21 20:46
ZKasino launch leads to widespread outrage as $33 million promised to investors is sent to Lido
ZKasino launch leads to widespread outrage as $33 million promised to investors is sent to Lido

Quick Take The launch of ZKasino, a new decentralized gambling network, has led to outrage from investors after an abrupt change of plans from the developers left users without the ability to redeem their bridged ether following the platform’s launch. The $33 million users invested has been sent to Lido as the platform attempts to post through what it calls “noise and FUD.”

The Block·2024/04/21 18:10
Bitcoin's halving created the most valuable blocks in history, aside from one
Bitcoin's halving created the most valuable blocks in history, aside from one

The mining of the first block since the invention of Bitcoin Ordinals and the launch of the Rune protocol led to sky-high fees paid to miners for the first few blocks of the halving. The most valuable block in Bitcoin’s history, however, was the result of a mistake.

The Block·2024/04/20 23:19
Former a16z partner Kathryn Haun to retire from Coinbase board, focus on venture portfolio
Former a16z partner Kathryn Haun to retire from Coinbase board, focus on venture portfolio

Quick Take Coinbase’s board is expected to shrink from eight to seven members as Kathryn Haun retires after seven years in order to focus on her crypto venture investment portfolio, Haun Ventures.

The Block·2024/04/20 21:55
The Pulse: The Bitcoin halving has taken place. Now it gets interesting
The Pulse: The Bitcoin halving has taken place. Now it gets interesting

This is the fourth edition of a regular opinion column by The Block’s editor-in-chief on current events in the crypto space and other musings.Today’s topics include the bitcoin halving, the Mango Markets exploiter, Telegram, Tether and upcoming Hong Kong ETFs.

The Block·2024/04/20 18:02
Grayscale plans industry-low 0.15% fee for Bitcoin Mini Trust spinoff fund, under ticker BTC
Grayscale plans industry-low 0.15% fee for Bitcoin Mini Trust spinoff fund, under ticker BTC

Grayscale’s Bitcoin Mini Trust, a new fund automatically formed from 10% of the Bitcoin held by GBTC, will charge a more competitive rate than its parent.

The Block·2024/04/20 17:08
Biden campaign ramps up crypto industry outreach in surprising tone 'shift'
Biden campaign ramps up crypto industry outreach in surprising tone 'shift'

Quick Take President Joe Biden’s re-election campaign has begun reaching out to crypto industry players over the past two weeks for guidance on “crypto community and policy,” sources told The Block. Sources told The Block they noticed a significant “shift” in tone from the Biden administration and campaign toward crypto, with a new willingness to understand digital assets and their communities. The new outreach efforts come shortly after the Biden administration faced backlash for signaling it would veto a

The Block·2024/05/30 00:34
Bitcoin's fourth halving block sees additional $2.4 million reward paid as fee
Bitcoin's fourth halving block sees additional $2.4 million reward paid as fee

Quick Take Block 840,000, the fourth ever Bitcoin halving block, has been confirmed — though it could possibly change. The halving block appears to be from the crypto mining pool ViaBTC with a 37.6256 BTC ($2.3 million) fee.

The Block·2024/04/20 00:34