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Bitcoin reaches 10% of gold’s market cap, according to one estimate

Bitcoin reaches 10% of gold’s market cap, according to one estimate

Estimates place the total market capitalization of all mined gold between $10 trillion and $11 trillion. 

The post Bitcoin reaches 10% of gold’s market cap, according to one estimate appeared first on The Block.

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Figure SPAC seeks to raise $250 million in initial public offering

A blank-check company tied to blockchain lending startup Figure has formally unveiled its plan for an initial public offering, according to a press release. 

The post Figure SPAC seeks to raise $250 million in initial public offering appeared first on The Block.

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Weekly ‘Bitcoin’ tweet volume hit a new high this month

The increased discourse around Bitcoin may not correlate with users joining crypto exchanges.

The post Weekly ‘Bitcoin’ tweet volume hit a new high this month appeared first on The Block.

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Purpose Bitcoin ETF surpasses $400 million in assets under management

Purpose Investments’ bitcoin exchange-traded fund debuted on Thursday and has since accrued more than $400 million in assets under management (AUM).

The post Purpose Bitcoin ETF surpasses $400 million in assets under management appeared first on The Block.

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ETH price tops $2,000 for the first time to hit new all-time high

The price rally has pushed Ethereum’s market capitalization to above $225 billion, up 30% since early February.

The post ETH price tops $2,000 for the first time to hit new all-time high appeared first on The Block.

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dYdX founder unpacks Ethereum scaling and DeFi derivatives

The Scoop podcast’s latest guest is Antonio Juliano, founder of decentralized derivatives exchange dYdX.

The post dYdX founder unpacks Ethereum scaling and DeFi derivatives appeared first on The Block.

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Why Nigeria’s blockchain industry is so ‘shocked’ by the central bank’s new crypto policy move

Quick Take

  • Nigeria’s central bank appears to be cracking down on cryptocurrency — just as the nation’s crypto industry is taking off.
  • Opponents say the move will force legitimate crypto transactions into riskier markets and discourage foreign investment.

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Coinbase stock traded at implied valuation of $100 billion this week, Nasdaq Private Market data shows

The average cleared trade price for Coinbase’s stock on Nasdaq Private Market continues to move higher ahead of a long-awaited direct listing.

The post Coinbase stock traded at implied valuation of $100 billion this week, Nasdaq Private Market data shows appeared first on The Block.

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European investment apps Freetrade and Plum plot crypto launches amid bitcoin’s surge

Three European fintech firms focused on facilitating investment in stocks and shares are hiring teams to build new crypto trading tools.

The post European investment apps Freetrade and Plum plot crypto launches amid bitcoin’s surge appeared first on The Block.

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Bitcoin’s market cap crosses $1 trillion milestone for the first time

Bitcoin’s market capitalization has crossed the $1 trillion milestone for the first time as it gains increasing mainstream attention.

The post Bitcoin’s market cap crosses $1 trillion milestone for the first time appeared first on The Block.

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