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2021-08-30 13:19:32 Crypto News
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2021-08-30 12:55:04 $400 Million in ETH Now Burned by Ethereum EIP-1559 Upgrade

An upgrade that burns ETH instead of using it to pay miners has taken $400 million ETH out of circulation.

In brief

NFT collectible CryptoPunks has reached a historic milestone as the second project to hit $1 billion in trading volume.

Axie Infinity, which has amassed $1.6 billion so far, hit $1 billion on August 8.

By Ekin Genç

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2021-08-29 20:28:02 Man Who Lost $800K of Bitcoin Sues Parents of Alleged Teenage Thieves

A man alleges that two tech-savvy kids in the U.K. stole his Bitcoin. He's taking their parents to court.

In brief

In 2018, Andrew Schober lost 16 Bitcoin—worth about $220,000 at the time.

He tracked it back to the U.K. and alleges that two kids stole it using malware.

After politely asking for it back and not receiving a response, he now wants to sue the teenagers’ parents.

By Mathew Di Salvo

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2021-08-29 10:28:02 Square Plans to Build a Decentralized Bitcoin Exchange, Says Jack Dorsey

TBD BTC DEX incoming! Jack Dorsey reveals plans to help onboard more users into Bitcoin via Square’s TBD initiative.

In brief

Square’s new TBD division is working on a Bitcoin-centric decentralized exchange.

The planned DEX will be open-source and permissionless, yet allow users to fund any wallet using fiat currency.

By Andrew Hayward

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2021-08-28 17:50:09 What Is Art Blocks and Why Are These NFTs Suddenly Selling for Millions in Ethereum?

Art Blocks generates original artwork on the Ethereum blockchain, and buyers are paying top dollar for them amidst the latest NFT boom.

In brief

Art Blocks is an Ethereum-based NFT project that generates original digital artwork pieces on the blockchain via an algorithm.

Secondary market sales have skyrocketed in August, with a slew of single NFT sales over $1 million worth of ETH each lately.

By Andrew Hayward

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2021-08-28 11:50:08 Morgan Stanley Loads Up on $240 Million in Grayscale Bitcoin Shares

Morgan Stanley's recent purchases would make the investment bank the second-largest holder of Grayscale Bitcoin Trust (GBTC).

In brief

Morgan Stanley is one of the largest investment banks in the U.S.

It's increased its GBTC investments by a considerable sum.

By Jeff Benson

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