Wallets with less than 1 BTC account for just 5% of Bitcoin’s market cap
With the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC increasing every year, the remaining addresses represent just 5% of Bitcoin’s market cap. New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with a balance below 1BTC.The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC's astronomic price rallies. On Nov. 27, Glassnode CTO Rafael Shultze-Kraft....
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In a managed online wallet, everything is controlled by the wallet's provider. You have an account with the provider with a username and password, much like an email account or an internet forum account, and you can log onto your account and send and receive bitcoins from any computer that has internet access. Generally, these services do not maintain separate wallets for separate users behind the scenes; they are more like banks in the way that all the money is pooled together and they just keep track of how much belongs to whom. The most prominent of these wallets are actually bitcoin....
A group of hackers exploited the Twitter account of a crypto exchange, Gate io, to promote fraudulent activities. In an attempt to access the users’ wallets, fraudsters posted a fake giveaway of Tether (USDT) through the social media account. By offering 500,000 USDT in rewards, they tweeted to ask users to connect wallets with a […]
Bitcoin wallet and platform, Coinbase has added USD wallets for seven more states. When USD wallets originally launched at the end of 2014, United States residents of only 16 states were eligible for the wallets. Today, the company services a total of 22 states and 1 US territory. USD wallets allow verified users to purchase bitcoins instantly without the need for a credit card. Previously, Coinbase users had a wait time of up to 5 days for bank transfers to clear before they could access their newly purchased bitcoins. If users wanted to purchase bitcoins instantly, they had to link a....
Blockchain.info My Wallets grows to +12000 new registrations per day. The trend chart shows a parabolic curve that implies a hundred million users by 2020. But how reliable is this data in regards to the number of new users entering the world of Bitcoin? Founded in 2011, Blockchain.info is one of the oldest companies in the Bitcoin market, and their online wallet one of the most used, together with the Coinbase one. Blockchain’s charts page is a good source of data, reflecting a large part of the market, and the last month has seen a further boost in the parabolic curve of wallets....
The BIP 75 proposal to improve bitcoin’s ease of use has drawn a lot of criticism among bitcoiners on account of the option for a receiver to identify himself to the sender, according to an article by Bitcoin Magazine’s Kyle Torpey disseminated by Nasdaq. Bitcoin Core contributor Peter Todd ignited the recent debate with a post to the bitcoin development mailing list recommending boycotting BIP 75 on account of anti-money laundering/know your customer (AML/KYC) concerns. Todd urged removing BIP 75 from the BIP repository and boycotting wallets that use it. “It’s bad strategy for bitcoin....