11.4 million Bitcoin is held by long term investors, diminishing the tradeable supply to only 20% of the total Bitcoin supply. According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians. Breakdown of Bitcoin supply. Source: Chainalysis. Digital gold The company concluded that the […]
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Kraken CEO Jesse Powell says the exchange saw a “massive influx” of hedge fund and retail investors as Bitcoin price dropped below $4,000 on March 12. According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong […]
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United States cryptocurrency exchange announced the listing of COMP, the token powering the decentralized lending protocol Compound. United States cryptocurrency exchange announced the listing of COMP, the token powering the decentralized lending protocol Compound. According to a June 18 announcement, COMP trading will start on June 23 at 9 AM Pacific Time if the liquidity […]
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A German fintech company responsible for several crypto debit cards, including Crypto.com’s, allegedly misrepresented over $2 billion in cash reserves. Major fintech company WireCard, which issues Crypto.com’s debit cards, has fallen into controversy as some of its employees appear to have defrauded the company. As reported by the Financial Times on June 18, auditors from […]
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BitMEX parent company HDR Global and OKCoin are collaborating on a joint $150,000 grant for an independent Bitcoin developer. OKCoin and HDR Global (the company that owns BitMEX) have partnered to provide a joint grant of $150,000 to Bitcoin (BTC) Core developer Amiti Uttarwar. This is the first time two competitor exchanges have come together […]
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On the surface, Forex and cryptocurrency trading look similar, but the history and functioning of these markets are notably different — we’ll explain how. Which one is right for you? Of course, this is a question that all traders have to ask themselves, but a lot of it comes down to which type of trading […]
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Kraken has launched support for trading and funding in AUD six months after acquiring veteran Australian crypto exchange Bit Trade. Major cryptocurrency exchange Kraken has announced support for Aussie dollar (AUD) trading pairs and account funding. Australian dollars will be tradeable against Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Tether […]
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Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900. As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions […]
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The Compound community approved a proposal calling for the distribution of the COMP token to all users of the DeFi protocol. Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15. According to a June 10 tweet from Compound, the lending platform responsible for […]
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The Bitcoin uptrend could be in peril, QuadrigaCX described as a “Ponzi scheme,” and Coinbase is punished for outages. 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 […]
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