Only a Small Fraction of 460M Bitcoin Addresses Actually Hold Crypto, New Report Reveals
The Chainalysis report shows that a very small fraction of the total Bitcoin addresses are actually “economically relevant”.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
The Chainalysis report shows that a very small fraction of the total Bitcoin addresses are actually “economically relevant”.
During the last 24 hours, Bitcoin’s mining difficulty has dropped more than 9 percent as the fallout of the prolonged market rout continues. Despite a recent recovery that has taken bitcoin above $4,000, miners are still finding it difficult to remain profitable.
Coinbase said Thursday it had expanded its product to several European countries and overseas territories, including Lithuania, Iceland, Andorra, Gibraltar, Guernsey and the Isle of Man.
In case Cardano penetrates above the key supply zone of $0.050, then the trend has changed to uptrend and have its high at $0.06 price level.
Facebook is reportedly working on developing its own stablecoin, which initially will be focused on the remittances market in India where it will enable users to transfer money via a dollar-pegged cryptocurrency on WhatsApp.
Two U.S. congressmen Warren Davidson and Darren Soto, are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies.
As a result of the deal, newly launched TokenSoft Global Markets LLC. will enable issuers to choose whether to host a token sale themselves or work with a broker-dealer to manage the token sale on their behalf.
Despite the recent failure, a community-owned journalism network based on transparency and trust, Civil, will take another ICO chance in February 2019.
The second-largest cryptocurrency exchange, OKEx has created a Bitcoin derivative product called “perpetual swap”. However, there’s no expiry date. The lack of expiry data allows positions to be held on an ongoing basis.
On day 10 of Coinbase’s “12 Days of Coinbase” initiative, the crypto exchange announced the launch (in invite-only mode) of Coinbase Earn, a new way to earn crypto while you learn crypto.
It looks like Christmas came early for Sigma Prime, Prysmatic Labs, and ChainSafe Systems. Vitalik Buterin, self-described as a Non-giver of Ether gave away ETH and announced it on Twitter. Unlike all the fake giveaways by scammers, this time it is real.
Should the bulls increase its momentum and breakout at the supply level of $0.15 Stellar traders can place a long position trade setup.
Overstock’s Medici Ventures trade shares from a security start-up with digital tokens planning a security token marketplace in January 2019.
An Ex-Goldman is among the few notable investors remaining positive on the crypto markets. He holds his ground in spite of other institutional investors exiting the crypto space.
Western Union recently released a short video in which it explains that it is ready to begin working with cryptocurrencies. That being said, the video does seem to go on to outline how they actually aren’t ready and don’t fully understand crypto.