Too Many Bitcoins: Making Sense of Exaggerated Inventory Claims
A year ago, Finnish bitcoin entrepreneur Risto Pietilä attempted to compile a list of the top publicly known bitcoin holders. Assuming his list is accurate (which it probably isn't), if you add up the alleged top-20 largest holders of bitcoin, these individuals control roughly 4.44m BTC. Yet when coupled with self-identification of organizational wallets (like Bitstamp did last year), plus anecdotal talks at meetups, conferences and parties, it becomes clear that the sum total of bitcoins people and companies claim to own is greater than 21 million - even though only 13.5 million have been....
Related News
The term "Just in Time Inventory" was coined to refer to the efficiency businesses could gain by not tying up their funds in inventory that sat around on warehouse shelves until the product was needed. The problem of maintaining inventory is that it ties up cash you might otherwise need for productive uses. Sitting on shelves waiting to be purchased or used in assembly is not. New efficiency models started in the 1950s Japan to proceed with new processes and rules that aimed for perfect timing for all business operations. The term "Just in Time" was eventually popularized to be applicable....
This document also shows how Craig Wright claims to have lost the Bitcoins which gave him a US$564m in tax credit several years ago. A document has been posted online shows indicates how Craig Wright may have owned as much as 1.1 million Bitcoin at some point in time. However, there are some serious allegations regarding the validity of these claims, and the number of 1.1 million seems far exaggerated as well. It was only a matter of time until someone started digging up dirt on Craig Wright, the person who recently outed himself as being the creator of Bitcoin, known as Satoshi Nakamoto.....
Thailand has introduced tighter rules that will oblige crypto companies to duly inform potential customers of the investment risks on their advertisements. The new regulations also prohibit businesses in the industry from making misleading or exaggerated claims.
Securities Watchdog Adopts Stricter Advertising Rules for Crypto Platforms in Thailand
Thailand’s Securities and Exchange Commission (SEC) has approved new requirements for crypto ads, Bloomberg and Reuters reported quoting the regulator. According to a statement released on Thursday, the changes come after the....
Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new post on X, analyst Willy Woo has discussed the latest trend in the Bitcoin inventory sitting on centralized exchanges. Such platforms have two types of reserves: Spot BTC and Paper BTC. Related Reading: Why Is Bitcoin Price Down Today? Key Reasons Explained The former of these is simply the actual tokens that the exchanges are holding on behalf of their users. This....
A new report from a British defense and security think tank, the Royal United Services Institute (RUSI), reveals that reports of terrorism financed through Bitcoin are greatly exaggerated. ‘Treating Cryptocurrencies as an Exceptional Threat is a Misleading Impression’. RUSI consultant David Carlisle said that there is a lot of attention given to the....