Frank Chaparro / The Block:Analysis: daily trading volumes surge on Coinbase International, an offshore derivatives exchange Coinbase launched in May 2023, reaching $287M on August 18 — - Coinbase's offshore derivatives exchange has experienced a surge in daily trading volumes, reaching $287 million on August 18. Rising regulatory scrutiny isn't coming between Coinbase and one of its banking partners, JPMorgan Chase. The block leaves the ramp moving horizontally, and lands a horizontal distance away. 49% below the all time high of $1. Law360 (September 21, 2021, 8:07 PM EDT) -- The full Fifth Circuit questioned during oral arguments on Tuesday whether there was precedent that would allow courts in the U. UTC (Piggybank/Unsplash) 10 Years of Decentralizing the Future May 29-31, 2024 - Austin, Texas The. According to 25 analysts, the average rating for COIN stock is "Hold. parallelism. The escalating tension exploded into public view on Wednesday when Coinbase CEO Brian Armstrong and the company's chief legal officer Paul Grewal posted online that the firm had been told that SEC. Blockchain-based applications are open and transparent by default. That’s still nearly triple its size at the end of 2020 ($777 billion). May 2 (Reuters) - Coinbase Global Inc (COIN. The asset manager also purchased Robinhood stock. Frank Chaparro / The Block: Evaluation: every day buying and selling volumes surge on Coinbase Worldwide, an offshore derivatives trade Coinbase launched in Might 2023, reaching $287M on August 18 — – Coinbase’s offshore derivatives trade has skilled a surge in every day buying and selling volumes, reaching $287 million on August. Explore the market at a glance: The Block's price pages are here ! Premium News Latest Crypto News. It consists of a clamping component and a conducting strip. The Block's Research Team provides in-depth reports and analysis on the latest developments in digital asset adoption, Bitcoin and decentralized finance. See new Tweets. NFT lending platform PaprMeme has gone live, offering a way to borrow. Now its market capitalization stands at. Contact Us. Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS) intend to buy licenses from Coinbase for an analytics platform called Coinbase Analytics. Ark sold 160,887 shares from its Ark Fintech Innovation ETF. Austin, TX 78705. theblock. 5 million worth of Coinbase, the first time it has sold off a large chunk of the company's stock since July. Modeled on Ethereum's Goerli testnet, it is designed to eventually connect to the main Ethereum network, according to Jesse Pollack, Coinbase's senior director of engineering. Das Unternehmen hat seinen Sitz in San Francisco, Kalifornien. Opinions on this are mixed within the industry, as it seems likely Tether is currently backed by at least 70%, but the market does not. Show additional replies, including those that may contain offensive content. to trade crypto derivatives, starting with bitcoin and ethereum perpetual futures. CEO Alan Bennett told a Washington federal judge Tuesday that the company's $287. Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. This week on 'The West Block', guest host Eric Sorensen speaks with the United States'. 18% from the latest price. The Block. You may make use of the Education Center of this website for academic reference purposes at your own discretion. Coinbase's international expansion. The firm, which will report second quarter earnings Thursday, launched its Bermuda-registered futures exchange in May as part of what it described as. Accessing Web3: Developments and Opportunities - Commissioned by W3bCloud. -based exchange's brand by analysts. Coinbase wants potential customers in Europe to give it a warm reception as crypto winter chills trading activity in its home market. Visit @TheBlock__ for more headlines on the. 287M at 01:44p. , though it's not with the Securities and Exchange Commission. Records obtained by The Block show that the U. The Base network’s journey began with a testnet launch in February, followed by a developer-specific release in July. Drawn from The Block Research's Legitimate Volume Index, May saw exchanges post $307. On Monday, the companies announced a new arrangement that pulls them closer together by eliminating a third-party consortium meant to. 7 The Block New York's #1 For Throwbacks! 94. Why it matters: The deal frees the business from its financial tie to the FTX scandal, one year after the issue first came to light. The crypto market crashed in May, causing Coinbase’s stock price to fall about 60 percent. The SEC has put forth its position on Coinbase’s rulemaking petition. The streak has alarmed some lawyers and. The aim is to close the regulatory gap. 7 million in trading volume on Base-based decentralized exchanges, which let users trade directly with each other. The last price is down 0. The Block's Frank Chaparro talks to Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence. Browse By Category. 1kg experiences a force of 5. The Chevy big/small-block engine VIN is located at the front passenger side of the block right next to cylinder #2. S. 2 days ago · In mid-May, the Court of Milan “issued a decision that rejected certain of Zhang’s and Inter Milan’s preliminary objections” and set a deadline of July 7, 2023, for CCBA to submit evidence. 29%, +9. 2022 Digital Asset Outlook report focuses on 2021 key sectors highlights and 2022 outlook, from The Block Research. August 14, 2023 06:00 AM Eastern Daylight Time. The series follows four or five couples as they compete against each other to renovate and style houses/apartments and sell them at auction for the highest price. S. 2% from April. To register for the webcast, please use this link. 2B SpaceX deal, including for Starshield, a key China deterrent, showing its dependence on him 6:45 AM • Rachel Metz / Bloomberg : A look at the AI Security Summit, an invite-only event hosted by Scale AI to discuss AI's security issues, with 100+ executives. 3 Months Ago. 9:17. The distance it will fall in the y plane is 0. Those struggles continued on Tuesday when Coinbase reported a 63 percent decline in revenue in the second quarter and swung to a $1. Production concentration. Securities and Exchange Commission told a Florida federal court Tuesday that 1 Global's. The scammers bagged about $2 million in. 2003 -2019. That figure is a massive 689% increase compared to 2020 trading volumes, based on data as of December 24. Apple’s USB-C AirPods Pro will support 20-bit, 48 kHz lossless audio when used with the upcoming Vision Pro headset (Chris Welch/The Verge)[Block Trade] A bullish block trade of 104K shares of HSBC HOLDINGS(00005) occurred at price of HK$60. Coinbase enjoyed a beat during its Q1 earnings in May, with the firm reporting $773 million in revenue, buoyed by effective cost-cutting measures — which brought reoccurring operating expenses down 37% Q/Q — and a diversification of its revenues. I’d love them to try and do the block somewhere like, I d k, Tasmania, Northern Territory, like how good are you when resources are more limited. | At The Block, we see. 000615 per (BLOCK / USD). Get the New Kids on the Block Setlist of the concert at Crypto. Lucky Block (V1) is 99. S. SK-Grand Properties. 02%), and that's a problem. August 14, 2023. The original series first ran for two consecutive seasons in 2003 and 2004, and was originally hosted by Jamie Durie. (Sum of sizes of all data files + No. 40 billion if the initial purchasers exercise their option to purchase additional notes in full) in net proceeds to Coinbase after deducting. Access 150+ datasets highlighting key industry sectors (including 400+ charts, 225. [Block Trade] A bearish block trade of 916. Ripple uses XRP as a bridge currency to facilitate the transfer of value between different fiat currencies for its customers. Customs and Border Protection (CBP) prevented importers from evading $287 million in duties owed to the U. Dynamic margin requirements and collateral assessments. A bug allowed an exploiter to burn a majority of SFM tokens in the Safemoon liquidity pool, artificially raising the token’s price so the contract’s WBNB could be drained in one transaction, on-chain records show. According to new data from crypto security firm Solidus Labs, however, Bald is just the tip of the iceberg. May 10, 2007. Nine Network. 18% from the latest price. Email feedback and revision requests to [email protected]. 7. 13 Seasons. For industry news visit us at or for research and analysis on events shaping the ecosystem, visit Disclaimer: The Block is an independent media. Crypto fans have cumulatively spent $280,000 in transaction fees to mint more than 28,000 Coinbase NFTs on Ethereum. This is beneficial because anyone can inspect the project and confirm that things are working. Coinbase is officially jumping into the Layer 2 game. Your risk of heart block also increases as you get older. 072%. m . July 19, 2022. “We’ve seen kind of a rallying behind Coinbase over the course of the last 24 hours,” said Jennifer Schulp, director of financial regulation. After Tom and Sarah-Jane's house failed to sell for more than $20,000 over the reserve price on The Block, fans went on a mission to show the pair "what the Aussie spirit can do" and made a GoFundMe in their name. “The operation must now enter a new phase,” Mr. regulator to draft a specific rule covering digital assets. Explore the market at a glance: The Block's price pages are here!. The platform's volumes hit $287 million on August. Quick Take. Adrian Portelli confirms he's giving away Steph and Gian's Block home in a contest. Because of this multi-year phase, there is a window for the new smart contract blockchains. Rock the Block, hosted by Ty Pennington, returns to HGTV for a fourth season. Watchlist. See the teams' final scores below: Tom and Sarah-Jane: 25. Coinbase introduced Base today as a Layer 2 network set to run on top of the Ethereum mainnet. Investment trends. Uniswap contributors propose to launch on Coinbase-backed Layer 2 Base. Taiwanese trading firm Kronos Research hacked for estimated $25 million: ZachXBT. Between May and July, the total transaction volume for the major centralized exchange (or CEX) businesses averaged a little under $450 billion. President Donald Trump’s federal income taxes have revealed that Deutsche Bank and other lenders have forgiven about $287 million in debt that he did not pay for the first time since 2010. Episode 79 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Polygon Labs Chief Legal & Policy Officer Rebecca Rettig Cryptos : 1. For the last year, Coinbase has been working on proto-dank sharding, an upgrade to Ethereum that will reduce fees on Layer 2 networks between 10-100 times current levels, Pollack said. Coinbase outlines decentralization plan for Base with fault proofs and OP client diversity % theblock. To mark the launch, an event named “Onchain Summer” has been initiated. 7 million in trading volume on Base-based decentralized exchanges, which let users trade directly with each other. For US stocks, the selloff has not yet approached the severity of other historically noteworthy downturns, but it’s certainly in the conversation. See new Tweets. Likes. 1K shares of TRIP. Exchange volumes have slid in recent months, with May's numbers continuing that trajectory. O) launched an international exchange for cryptocurrency derivatives on Tuesday, as the company looks to expand its global footprint amid escalating. . Five new teams built on site in Gisborne in Victoria's Macedon Ranges to renovate five properties into stunning new homes. 24, 2023; Full transcript: Rep. TORONTO-- ( BUSINESS WIRE )--Today, Coinbase announced its Canadian expansion with a series of new offerings that demonstrate its commitment to. , its home market. Policy. Coinbase CEO Brian Armstrong revealed plans to reduce his stake in the U. Entertainment; PG; Aired 6th. 7 million, well up from a loss of $134. Wood snapped up over 749,000 shares of Coinbase at its debut on Wednesday, taking a roughly $246 million stake in the company across three of her funds. , its home market. According to the DOJ's complaint, Ishan Wahi worked on Coinbase's assets listing team, and during his time with the firm, he allegedly tipped his brother Nikhil Wahi and friend Sameer Ramani about new coins that were slated to be listed on Coinbase. Latest Crypto News. Now using ‘maxSplitBytes’, each of the data files (to be read) is split if the same. Cathie Wood's ARK Fintech Innovation ETF sold $13. 8 billion in transaction volume, Coinbase currently has approximately $65 million in May transaction revenue heading. 04, which is a decrease of -23. This is a once in a lifetime event. to hear a $287. The deal introduces an innovative SPAC structure that better aligns incentives for all stakeholders involved. affiliate marketing program—the latest blow to the troubled crypto industry and branded a "major red flag. Analyst Forecast. The Block Tree Change will air as scheduled later this year. More than 50 million Americans own crypto, or 20% of the adult population, a recent survey commissioned by Coinbase found. 117 and turnover of HK$1. The daily volume on Coinbase International, Coinbase's Bermuda-licensed derivatives exchange Coinbase listed 59 new assets through September last year, and at least dozens more in the fourth quarter, according to filings and company announcements. S. 2023; Raymond James adds $287M AUM wirehouse team in Guam. Today, we’re launching the Coinbase Institute — a global crypto-native think tank grounded in evidence-based research. The former Coinbase employee, Ishan Wahi, already pleaded guilty to wire fraud-related charges brought by the Justice Department in February. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. (season 17) The seventeenth season of Australian reality television series The Block, titled The Block: Fans v Faves, premiered on 8 August 2021 on the Nine Network. Congress. 6%) during the monthly period. The Block learned that Hollywood powerbroker WME has signed Mariah Carey-backed Geojam to its roster of web3 clients. " In a separate post responding directly to the SEC charges, Coinbase chief legal officer Paul Grewal said that Coinbase does not list securities and argued that the seven out of the nine tokens in question — the ones currently on Coinbase — are not. 00; Partners. It has been revealed the fact that Coinbase's International volumes have just topped $280 M in just a single day. 1% share, followed by FTX (10. The intention, the post read, was to raise the money that the pair 'rightfully' deserve. com on Tuesday, August 9, 2022, after market close. November 22, 2023 - The current price of Lucky Block (V1) is $0. announced today the release of its first quarter 2021 shareholder letter. Oct 13, 2008 #5. Cryptocurrency exchange Coinbase Global finally went public Wednesday afternoon at a valuation of nearly $100 billion, as the company takes advantage of surging demand (and prices) for bitcoin. The Block 2023 Grand Finale Auction will air Sunday, November 5 from 7pm on Channel 9 and 9Now. Jun 8, 2022. (the “Company” or “Coinbase”) announced today that it will publish its second quarter 2022 shareholder letter, including financial results, on its Investor Relations website at investor. PT. Use this page to search through all of The Block's news articles, reports and research papers. The current circulating supply is 0 LBLOCK. Leaked Coinbase emails show the crypto exchange is "temporarily shutting down" its U. Monday - Friday: 9:00 AM - 6:00 PM. We added a new code on November 11th, 2023. Renews at $263. Driving the news: The U. 5. Monthly Exchange Volume (The Block) Using margin estimates from April's $34. Calculate the distance . That plea made observers believe a key question in the SEC civil case may have mooted whether the nine tokens listed by Coinbase — that Wahi admitted to trading on with inside knowledge —. According to sources close to production, Channel Nine may change the show. Quick Take. Transcript: Robert O’Brien on “Face the Nation,” Sept. When you include a long quote in an MLA paper, you have to format it as a block quote. Coinbase's Base mainnet has officially opened to the general public, featuring over 100 dapps and service providers as part of the Base ecosystem. Anyone can also. WARNING: The battery used in this device may pres- ent a fire or chemical burn if mistreated. 7kg experiences a force of 32. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Armstrong made this known in a Twitter thread on Friday as he stated that he will sell about 2% of his Coinbase stake. This ends a months-long buying spree that that ramped up in November 2022. Those who accept the offer. 9:26. The Block's auction history: How the order has impacted the winners. Alexandria Ocasio-Cortez on;According to the issued ratings of 26 analysts in the last year, the consensus rating for Coinbase Global stock is Hold based on the current 7 sell ratings, 11 hold ratings and 8 buy ratings for COIN. At its peak, FTX was a large player in the market as well, with nearly 25% market share in early 2021. A dynamic block acts much like a for expression, but produces nested blocks instead of a complex typed value. The Block is an information services company empowering smart decisions for those who invest in, work with, make decisions about or seek to understand digital assets. Dylan and Jenny: 22. The price declined by 2. g. Alexandria Ocasio-Cortez on;Sen. Remote-First-Company/AUSTIN-- (BUSINESS WIRE)-- Coinbase Global, Inc. Coinbase CEO Brian Armstrong thinks that next year’s U. regulators and its plans to set up shop overseas, said. . The Block Coinbase has acquired blockchain analysis startup Neutrino in an effort to bring more cryptocurrencies to people globally while staying compliant with local laws and regulations. At its peak, FTX was a large player in the market as well, with nearly 25% market share in early 2021. Integration of Interac e-Transfers makes cryptocurrencies easily accessible to millions of Canadian customers. The label of the dynamic block ("setting" in the example above) specifies what kind of nested block to generate. 099 and turnover of HK$1. Micro Wrestling at The Block $ 20. S. [Block Trade] A bullish block trade of 19. Drawn from The Block Research's Legitimate Volume Index, May saw exchanges post $307. [Block Trade] A bearish block trade of 707. To make sure you don't miss a moment it's best to check your local TV guide, otherwise. Crypto news & the latest stories in cryptocurrency, decentralized finance, exchanges, markets, companies, & more reported by a crypto. Our mission is to accelerate rigorous, novel research, and to bring together the best minds across disciplines to fuel progress on decentralization, web3, and the future of finance. Cynthia Lummis, R-Wyo. May 25, 2022 Enterprise Grade Liquid Staking with Alluvial CEO Matt Leisinger. Coinbase listed 59 new assets through September last year, and at least dozens more in the fourth quarter, according to filings and company announcements. S. Our global team of connected and crypto-native analysts do the hard work to find, cleanse, validate, and organize 1,000s of datasets, saving you significant time and resources. S. Coinbase, which lauded Bermuda as "a highly respected and experienced financial regulator" in a blog post, is also in. While the members of the iconic boy band – Donnie Wahlberg, Joey McIntyre, Danny Wood, and brothers Jonathan and Jordan Knight — still take pride in their roots, they've each gone their separate ways since dominating pop. “The Coinbase International Exchange is another step on our plans to scale globally—going broad and deep, lighting up the map—first announced in May of 2022,” Emmanuel. The Block is an information services company empowering smart decisions for those who invest in, work with, make decisions about or seek to understand digital assets. 0100. 287m - Acceptance of membership by the United States1 Month Ago. 58%, respectively. Sign me up for the latest specials, promotions, community events, and more. Last year, centralized crypto. Coinbase debuted on the U. and the initial y velocity is zero (it specifies it is initially. Depending on your degree of heart block, you may. Cathie Wood's Ark Invest continues to add Coinbase shares to its funds, following up Wednesday's additions with another estimated $20. The Block @TheBlock__ Uniswap contributors propose deploying DEX on Coinbase's Layer 2 Base. Odaily Planet Daily News According to The Block data, the international trading platform Coinbase International launched by Coinbase had a…The Block is an Australian reality television series broadcast on the Nine Network. O) may hinder rather than help Nasdaq's (NDAQ. The cryptocurrency exchange platform has seen its shares lose 69% of. On SPECIAL EVENTS held at The Block, Karaoke Club opens at 6pm, all other Clubs open at 7pm. 5K shares of CITIC SEC(06030) occurred at price of HK$16. It has been around for forever, and it is still a popular game. Apple’s release of a new VR-AR headset will rival Meta’s devices and sets the stage for a competition that could help decide which company gains an advantage colonizing the metaverse. 190k members in the Miami community. 4. Almost $8. 113 Eglin Pkwy SE Fort Walton Beach, FL 32548 ©2019 The Block. 1 billion loss from a year ago. Coinbase International nears $900 million in volume over eight days. Rather than just take screenshots of the 287M view alone I also took. While the ETH2 vision may take some years to fully come to fruition, the current iteration of Ethereum and its scaling solutions will likely be the near-term solution for existing applications - and will eventually integrate into a functioning ETH2. In this edition, Justin Mart explores the dawn of DeFi protocol wars as well as other notable news in the space. 8 and turnover of HK$5. m . Coinbase Around the Block, sheds light on key issues in the crypto space. As per a new report conducted by crypto exchange Coinbase, more than 50% of Fortune 100 companies have had crypto projects in the works at varying stages of development since the beginning of. 41601 x 10 2 feet. Crypto fans have cumulatively spent $280,000 in transaction fees to mint more than 28,000 Coinbase NFTs on Ethereum. A look back at the history of The Block's infamous Gnome. The Block Pro. Hence, Coinbase reaped about 50 times the margins of those longstanding, gargantuan marketplaces. S. Today's highest. Y. to pain relief (such as process mapping) and the barriers to efficacy may help an ED understand the local context- however introduction of FIB per se is not usually a ‘magic bullet’ to solve this issue. The Block | 30,449 followers on LinkedIn. regulators, including a legal spat with the Securities and Exchange Commission. DUBAI, May 8 (Reuters) - Coinbase Inc Chief Executive Brian Armstrong on Monday said that the United Arab Emirates could serve as a hub for the Middle East as well as for parts of Africa and Asia. 8M+ Exchanges : 671The Block fans start GoFundMe for Tom and Sarah-Jane. By Rebecca Norris / March 29, 2021 4:08 pm EST. #1. Armstrong's tweet came shortly after Coinbase announced it was suing the SEC, seeking to force a response to its July request for the U. Couples compete to renovate rundown buildings into high-end apartments and sell them at auction for the highest price to receive a prize of $100,000. Truss said. The scam tokens resulted in about $3. 1K shares of TRIP. Coinbase takes a 25% commission from staking rewards for its custodial service. 86 million per property – almost double the $1. Engineering. Reachahighernoon wrote: ↑ 18 May 2022, 11:43 Hey man, made a PCB based on the schematic and it does sound fantastic But I got just one tiny issueWASHINGTON—In Fiscal Year (FY) 2020, U. | At The Block, we see digital assets. §287m. Sourced from across Twitter. As of June 2022, US equities have shed roughly 20%, or $10 Trillion in value. Frank Chaparro / The Block: Analysis: daily trading volumes surge on Coinbase International, an offshore derivatives exchange Coinbase launched in May 2023, reaching $287M on August 18 — – Coinbase’s offshore derivatives exchange has experienced a surge in daily trading volumes, reaching $287 million on August 18. The Company will host a conference call to discuss the estimated results for the first quarter of 2021 and an outlook for full year 2021 on April 6, 2021 at 1:30pm PT. The company's business resolves around XRP, the native cryptocurrency of the XRP Ledger. to hear a $287. The Block Pro gives you the most comprehensive and hand-curated data library. See this content immediately after installThe IT entrepreneur who is no stranger on The Block. The properties located in Melbourne's Bayside were purchased by a company owned by Nine for $14. 9 million in total was lost to the hacker. Saturday: 10:00 AM - 5:00 PM. parallelism. New York Times: The White House may condemn Elon Musk, but the US has signed a $1. Analysis: daily trading volumes surge on Coinbase International, an offshore derivatives exchange Coinbase launched in May 2023, reaching $287M on August 18 (Frank Chaparro/The Block)A number of firms would likely be interested in buying Genworth's wealth management business — if it's on the block, that is. Coinbase Global Inc. co Uniswap contributors propose to launch on Coinbase-backed Layer 2 Base The contributors to Uniswap, the largest decentralized exchange, have. Layer 2 networks reduce the computation strain on Ethereum but require a certain amount of data availability to publish data to the main Ethereum chain. While stream cipher uses 8 bits. Last year, Coinbase acquired of FairX, a CFTC-regulated derivatives exchange,. Other risk factors include a history of: heart. Updated May 9, 2023 at 4:13 a. TORONTO-- (BUSINESS WIRE)-- Today, Coinbase announced its Canadian expansion with a series of new offerings that. The Block. r/TheBlock. Sen. Quick Take. Crypto Options Data and Charts for Open Interest, Volume and Implied Volatility advanced charts and data provided by The Block. The dominant player in the market was still Binance by far, which commanded a 64. Cynthia Lummis, R-Wyo. Hosts Scott Cam and. Verified account Protected Tweets @; Suggested usersbytesPerCore =. Coinbase CEO Brian Armstrong revealed plans to reduce his stake in the U. Vicky Ge Huang 2021-05. “SCOOP: Multicoin Capital hit by FTX collapse, with 10% of its fund's AUM stuck on the exchange by @Yogita_Khatri5 Financial Markets believes that approval for US customers to access regulated crypto derivatives, which may risk loss, will allow more people to access the cryptoeconomy in the United States in a safe way that helps keep the US at the center of digital innovation. Dubbed the "Stand with Crypto Alliance," Coinbase says the group is “crypto’s first true grassroots movement that will be organized onchain,” according to a statement. 7k 1k. 00. Sunday: Closed. Data & Insights is a weekly newsletter and article series by The Block Research Analyst Rebecca Stevens that highlights recent trends and top charts from The Block’s Data Dashboard. The MLA in-text citation goes after the period at the end of the block. The action may have galvanized crypto community support for the company, though whether that lasts could depend on if Coinbase fights the SEC or chooses to settle and change its business operations. However, FIB can be an effective tool in the armoury of clinicians, and can be part of a wider strategy that looks at pain relief in thisStream Cipher Converts the plain text into cipher text by taking 1 byte of plain text at a time. Following the call, a replay of the call, as. The. In this edition, Justin Mart explores the dawn of DeFi protocol wars as well as other notable news in the space. In this reality TV series, couples renovate dilapidated homes then sell at auction to the highest bidder.