Blockchain 

Stellar Burns Over 55 Billion Tokens Worth $4.7 Billion USD

The Stellar Development Foundation (SDF) announced a new mandate today for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens.  According to a Medium post on Nov. 4, the development foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient as it moves forward.  Of the over 85 billion tokens that were earmarked for SDF operations, giveaway programs and partnership programs, the SDF burned over 55 billion.  At a current price of $0.085 per token, the…

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Blockchain 

Coinbase Generated Nearly $2 Billion in Transaction Fees Since 2012

At Vanity Fair’s New Establishment Summit, Coinbase CEO Brian Armstrong said that Coinbase has generated close to $2 billion in transaction fees since it launched in 2012. On Oct. 23, the co-founder and CEO of major United States cryptocurrency exchange and wallet provider Coinbase told Vanity Fair that technology has always been the focus of Coinbase, which, in part, is the reason why the company has remained profitable.  Coinbase has been profitable since 2017 and has generated close to $2 billion in transaction fees since the company launched back in…

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Bitcoin 

Bitcoin Network Transfers $1 Billion ‘For Price of a Cup of Coffee’

The CEO of cryptocurrency exchange Bitstamp has highlighted Bitcoin’s (BTC) utility after funds worth almost $1 billion changed hands for less than $4 in fees. Bitcoin fees too small to comprehend As blockchain monitoring resource BitInfoCharts confirmed on Oct. 14, the transaction at wallet and storage provider Xapo involved a total of 112,027.29 BTC. Previously, Bitstamp had transferred around 107,800 BTC of its funds to Xapo, paying a fee of 0.0234 BTC — or 0.0000217%. The subsequent transaction, handled by Xapo itself, saw an even more microscopic amount paid to…

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Bitcoin 

Nearly $10 Billion in BTC Is Held in Wallets of 8 Crypto Exchanges

6.7% of the entire circulating supply of Bitcoin (BTC) is held on the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst. “Exchanges are the biggest HODLers” On Oct. 8, the Token Analyst, a Twitter account that provides real-time and historical blockchain data, wrote that throughout Bitcoin’s history, the amount of the world’s most popular crypto coins on exchange wallets has consistently been increasing.   According to the Token Analyst, 6.7% of the entire Bitcoin supply — close to 1.2 million coins — is currently held in…

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Blockchain 

Stripe Worth $35 Billion After Raising $250 Million in New Funding Round

Online payments processor Stripe announced that it has raised another $250 million in a new funding round, which pushes its pre-money valuation to a whopping $35 billion. $250 million to expand its global reach On Sept. 19, Stripe announced in a press release that the company has raised $250 million in additional funding from investors, which include venture capital (VC) firms General Catalyst, Sequoia and Andreessen Horowitz. Coming from a $9.2 billion valuation in 2016, the San Francisco-based Stripe was valued at $22.5 billion after raising $245 million in the…

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Blockchain 

Blockchain Devices Market to Grow to $1.285 Billion by 2024

The blockchain devices market is expected to grow by 42.5% at a compound annual growth rate (CAGR) by 2024, according to a recent research by intelligence and market research platform MarketsandMarkets. On Sept. 12, MarketsandMarkets released a report dubbed “Blockchain Devices Market by Type (Blockchain Smartphones, Crypto Hardware Wallets, Crypto ATMs, POS Devices, & Others), Connectivity (Wired & Wireless), Application (Personal & Corporate), and Geography – Global Forecast to 2024.” The company suggested that the blockchain devices market will see a 42.5% CAGR in coming years, to reach $1,285 million…

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Blockchain 

Blockchain in Healthcare Market to Surpass $1.6 Billion by 2025

The value of the blockchain technology in healthcare market is expected to surpass $1.6 billion by 2025, according to global market research and consulting firm Global Market Insights. In a press release published on Sept. 9, Global Market Insights estimated that the blockchain in healthcare market will grow due to a number of factors such as the implementation of government initiatives and increasing investment in the field. Growth factors for blockchain in healthcare Examination of medical outcomes, interoperability of health data and cost component reductions will further impact blockchain adoption,…

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Bitcoin 

Apple Hint, XRP Dump, Mystery $1 Billion Transfer: Hodler’s Digest, Sept. 2–8

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Ripple transfers 500 million XRP from its escrow wallet Ripple turned heads this week when data from Whale Alert suggested the fintech startup has transferred 500 million XRP tokens from its escrow wallet — funds worth $130 million. This isn’t the first time that the…

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Blockchain 

North Korea Denies It Stole $2 Billion From Crypto Exchanges and Banks

North Korea is denying accusations of obtaining $2 billion through hacking banks and cryptocurrency exchanges. North Korea accuses the United States of spreading rumours On Sept. 1, the country’s official state media, the Korea Central News Agency (KCNA) denied allegations of massive theft by North Korean agents.  As Cointelegraph previously reported, the United Nations Security Council North Korea sanctions committee said that “Democratic People’s Republic of Korea cyber actors were raising money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two…

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Bitcoin 

Bitcoin Miners Made $14 Billion to Date Securing the Network

All-time revenue for Bitcoin (BTC) miners has topped $14 billion, according to fresh data from Coin Metrics. As Yahoo! Finance reported on Aug. 30, despite the massive increase in the network’s hash rate — a factor that depresses the profitability of mining — there’s still more money in the game for miners than ever before.  Bitcoin miner revenue growing exponentially The report notes that as of the Bitcoin network’s inception, it took eight years for miners’ total revenue to break past the $5 billion mark; the next $5 billion were…

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