Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dolla...
A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain sleuths believe the Chinese government may have already sold a great number of the coins and simply added the proceeds to the central treasury. Plustoken Masterminds Sentenced to Up to 11 Years in Prison Just recently, a Jiangsu Yancheng Intermediate People’s Court ruling published on....
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In a surprise move, the Chinese government’s primary information technology ministry has published a research paper detailing blockchain’s benefits. Although it looks at many industries, the paper highlights the financial sector for blockchain technology’s first applications. Contributions From Many Chinese Industry and Government Sectors. The paper is....
As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80% of the Supply The U.S. dollar-pegged stablecoin has grown exponentially during the last few years and according to today’s metrics there’s 77.9 billion tether (USDT) in circulation today. Tether is the most dominant stablecoin out of all the stablecoins in existence in terms of market....
After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term holders, on the other hand, are holding strong and Glassnode researchers say numerous metrics are “displaying a full cycle detox.” Long-Term Bitcoin Holders Hold Tight The crypto bear market continues to plague short-term holders, according to a recent onchain newsletter written by....
On Monday, the total market capitalization of all stablecoins topped $150 billion. The largest stablecoin is remains Tether’s USDT. However, according to a new analysis, stablecoin whales control 80% of the tether supply. Stablecoins Whales Control USDT Supply With a current market capitalization of $77.9 billion, data from onchain researchers at Santiment shows that tether […]
The outline for the grant is overly specific, aimed at candidates who will be able to help define a "rigorous scientific foundation" for cryptocurrency. Six researchers from three universities will be claiming it. Cornell, University of Maryland, and UC Berkeley all have researchers involved. The researchers will reportedly focus on smart contracts. The National Science Foundation has made other awards focusing on cryptocurrency in the past. One such project was called "Addressing the challenges of cryptocurrencies: Security, anonymity, stability." The government awarded $500,000 for that....