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Wallets

All articles tagged with #wallets

finance9 months ago

Bitcoin Whales Resurface After 14 Years, Moving Over $8 Billion

The article discusses the history, current state, and debates surrounding Bitcoin, highlighting its role as a decentralized asset, its limitations as a currency, and the ongoing issues of centralization, liquidity, and security, while also touching on its potential future in a digital society. It reflects on the disillusionment some feel about Bitcoin's original promise and its evolution into a financial instrument and store of value.

via Hacker News|
#bitcoin#cryptocurrency#decentralization
Cryptocurrency Market Update: Bitcoin, Ethereum, and Dogecoin Surge as BTC Wallets Reach All-Time High
cryptocurrency2 years ago

Cryptocurrency Market Update: Bitcoin, Ethereum, and Dogecoin Surge as BTC Wallets Reach All-Time High

Bitcoin, Ethereum, and Dogecoin experienced gains as the number of wallets holding at least one Bitcoin reached a record-breaking 1,008,737 million, indicating increased decentralization within the network. The global crypto market capitalization stood at $1.19 trillion, and US stocks rebounded as investors awaited inflation data and the start of the second-quarter earnings season. Analysts predict a potential Bitcoin bull run in the future, with Standard Chartered setting a price target of $50,000 for this year and $120,000 for 2024. However, miner profitability and the wait for concrete ETF updates may impact Bitcoin's price range.

via Benzinga|
#bitcoin#cryptocurrency#decentralization
Bitcoin's Price Holds Strong at $30K as Individual Wallets with 1 BTC Reach Record High
cryptocurrency2 years ago

Bitcoin's Price Holds Strong at $30K as Individual Wallets with 1 BTC Reach Record High

The number of individual wallets holding at least one bitcoin has reached an all-time high of 1,008,737 million, indicating increased decentralization of the network. However, Binance.US is facing liquidity issues, with its fiat pipelines suspended, leading to a 9% discount on bitcoin and Tether trading. The exchange's market depth has also significantly deteriorated, causing wild price action. Traders are taking advantage of arbitrage opportunities, resulting in a netflow of negative $16.2 million. The situation is unlikely to affect the overall market price of Tether due to its total circulation. Bitcoin's next moves will be influenced by upcoming jobless claims and CPI data, which will indicate the success of the Fed's inflation-taming efforts.

via CoinDesk|
#binanceus#bitcoin#cryptocurrency
cryptocurrency3 years ago

Bitcoin's Volatility Continues: Record Highs and Rumors of Sell-Offs

The total amount of bitcoin held in Binance's wallets has increased by over 52,000 BTC ($1.5 billion) in four weeks, taking the tally to 692,880 BTC, according to data tracked by blockchain analytics firm Glassnode. The uptick in the balance held on Binance might signify renewed investor confidence in centralized exchanges' ability to keep their funds safe. However, some analysts suggest that the rise in BTC held on Binance might be bad news for the market, as large amounts of bitcoin being moved onto exchanges generally means that those are ready to be sold.

via CoinDesk|
#binance#bitcoin#cryptocurrency
Arbitrum airdrop attracts massive participation and trading frenzy.
cryptocurrency3 years ago

Arbitrum airdrop attracts massive participation and trading frenzy.

On-chain activity shows that 1,496 wallets consolidated tokens worth around $3.3 million collectively from the Arbitrum (ARB) airdrop into two wallets. One wallet received $2 million in ARB, while another collected around $1.38 million worth of tokens. The addresses have been described as two "super airdrop hunters," with some community members speculating that they may be team members of the project or hackers. The ARB airdrop hype has also made its way to OTC markets, with eligible users selling tokens.

via Cointelegraph|
#airdrop#arbitrum#community