With the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC increasing every year, the remaining addresses represent just 5% of Bitcoin’s market cap.
New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with a balance below 1BTC.
The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC’s astronomic price rallies. On Nov. …
Several key metrics hint at a Bitcoin price pullback, but this may be offset by other conflicting factors.
A pullback in the price of Bitcoin (BTC) is likely, based on several on-chain data points, namely the Spent Output Profit Ratio (SOPR) indicator, stablecoin inflows, stacked sell orders at $19,000, and the Crypto and Fear Index. However, the question remains when that correction would occur.
The SOPR indicator essentially gauges how profitable Bitcoin holders are at the moment. …
During a recent Ethereum Foundation AMA, Vitalik Buterin explained his expectations for Ethereum 2.0.
Ethereum co-founder Vitalik Buterin recently answered a number of community questions as part of an “ask me anything,” or AMA, session on Reddit. During the AMA, hosted by the Ethereum Foundation’s ETH 2.0 research team, Buterin said that he expects noticeable network improvements sooner rather than later.
“TLDR: merge happens faster, PoS happens faster, you get your juicy 100k TPS faster,” Buterin said on Wednesday as part of the foundation’s fifth AMA on ETH 2.0.
Ethereum’s network has suffered periods of high congestion at various points over the years, depending on various applications and related traffic. CryptoKitties slowed the Ethereum network to a crawl in 2017. More recently, decentralized finance activity has clogged Ethereum’s blockchain, leading to high fees and longer-than-average confirmation times. …
Does Bitcoin finally have an advocate at the highest levels of government?
In an interview with the ABC News program GMA3: What You Need To Know on Friday, senator-elect Cynthia Lummis again voiced her support for the popularization of Bitcoin, going so far as to say that she does “hope to bring Bitcoin into the national conversation.”
In a clip that has been widely circulating on Twitter, the soon-to-be-senator representing Wyoming — possibly the highest ranking US official to ever speak so glowingly of the digital currency — cited her experience as a former state treasurer for why she believes in Bitcoin’s future. …
A new WEF report touts blockchain technology as a cornerstone of environmental sustainability.
The World Economic Forum, or WEF, believes that blockchain represents a core element of sustainable digital finance — a new paradigm that combines emerging technology with environmentally conscious business models.
In a new report published Wednesday, UBS executive Karin Oertli lists blockchain technology along with artificial intelligence, mobile platforms and the Internet of Things as being the cornerstones of digital finance. These technologies, when combined with environmental, social and governance frameworks, could help governments and corporations reach their lofty sustainable development goals.
“We believe that sustainable digital finance will play an essential role in efficiently channeling this capital to fuel innovation, growth and job creation, at the same time supporting the transition to a sustainable, low-carbon economy.” …
Hello and greetings dear community, how are you?
This post is in continuation of our post of July 31, 2020. That is the ground reality and the truth is also that some seemingly credible companies/folks have indeed received our newly issued tokens/coins but either not provided the services as agreed or just entered several dozens of duplicate accounts to receive a large number of our tokens/coins, some of which were evidently “dumped”.
There is absolutely no one who actually bought our tokens/coins that has faced any challenges in transferring or selling on any exchange. That includes VinDAX that is also yet to settle a large number of tokens that they have illegally and unlawfully held back after our buy back. Due to such illegal and unlawful activities against us, and our community members, our admin support team (independent of the core project team) had to take measures that include a forensic audit in the best interest of all our community members. …
An anonymous crypto holder just completed the largest dollar value Bitcoin transaction in history.
With Bitcoin’s price continuing to hold close to $13,000, one crypto wallet has moved more than $1 billion of the digital asset.
According to on-chain data, a Bitcoin (BTC) wallet holder moved more than 88,857 BTC — worth roughly $1.15 billion — for a fee of only 0.00027847 BTC, or $3.58 at time of publication. The coins were confirmed in block 654,364 on Oct. 26.
Data from analytics platform CrystalBlockchain appears to show that the user sent the coins from an address labeled as a Xapo Bitcoin wallet. Because Coinbase Custody acquired Xapo’s institutional business in 2019, it is possible that the $1.1 billion in Bitcoin originated from the U.S.-based …
A report from JPMorgan’s Global Markets Strategy division discusses three bullish reasons for Bitcoin’s long-term potential.
JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) is “considerable.” This new optimistic stance towards the dominant cryptocurrency comes after PayPal allowed its users to buy and sell crypto assets.
The main factor put forward by JPMorgan’s Global Markets Strategy division is Bitcoin’s competition with gold. The note, obtained by Business Insider, reads:
“The potential long-term upside for bitcoin is considerable if it competes more intensely with gold as an ‘alternative’ currency we believe, given that Millenials would become over time a more important component of investors’ universe.” …
The German central bank is considering alternatives to CBDC as a digital payment solutions
Burkhard Balz, a German politician and executive board member of the country’s central bank, said in a speech on Oct. 20 that it was crucial to build tools to restrict how the digital euro is used upon launch.
Balz emphasized that people should only be able to use the central bank-backed digital euro as a mode of payment and not as a store of value.
If the central bank digital currency has the same characteristics as traditional money, depositors could withdraw their funds in times of a crisis by converting it into digital euros, making the funds a liability for the central bank. “This might lead to the structural disintermediation of the banking sector and, as a consequence, could potentially dampen the provision of bank credit to the economy,” Balz warned. …
After a number of issues, OKEx is back up to speed, sort of.
Crypto exchange OKEx announced that both its fiat-crypto purchase capabilities and peer-to-peer outlet have reopened. Withdrawals still remain closed, however.
“The OKEx P2P platform will resume trading on Oct. 21, 12:00 pm (UTC) for CNY, INR and VND fiat pairs, and the Buy Crypto fiat gateway will also be reactivated at the same time,” OKEx said Wednesday in an announcement, adding: “Please note that cryptocurrency withdrawals are still temporarily suspended and the ‘Sell Crypto’ option is not available.”
The exchange noted that “other functions are up and running,” in a tweet Friday following its suspension of withdrawals. Based on the Wednesday update, buying and selling via OKEx’s fiat gateway was halted as well. …