Bitcoin on-chain data hints at institutions 'deploying capital' at expense of...
On-chain metrics detect strong "sophisticated passive buying" on spot exchanges and a rise in the movements of Bitcoin to whale wallets. Bitcoin (BTC) hodlers, a class of crypto investors that hold onto their bitcoin tokens for at least 155 days, have been dumping them lately.Adjusted Bitcoin supply shock. Source: Willy WooThe price recovery witnessed in the Bitcoin market across the last two weeks coincided with a rise in hodlers and speculative investors selling their coins, according to data provided by researcher Willy Woo. Nonetheless, BTC's price ability to withstand the selling....
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Institutions and "whales" have continued their bitcoin purchases, on-chain data shows.
The company claims that the technology will solve the challenges inherent when deploying and scaling blockchains. Celestia Foundation announced on Oct. 18 that it had raised $55 million in a funding round led by Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto, and angel investors; Balaji Srinivasan, Eric Wall, and Jutta Steiner.Celestia is building a modular blockchain architecture with the hope of solving challenges inherent when deploying and scaling....
As DeFi takes over the cryptosphere, will the zombie projects remain dead after the great repricing? Data by crypto analytics firm Messari shows that many of the projects once favored by the market are still far from their all-time high. Matt Casto, an analyst at CMT Digital, tweeted a compilation of 410 crypto assets that hit their all-time high in 2017 or later, which showed an average loss of 65.71% for all the projects combined.Out of the 410 assets analyzed, 157 hit their all-time high in 2018, having lost since then an average of 90.71% in value. A further 67 assets hit their....
New data suggests that many financial professionals believe their industry is being reshaped by blockchain technology. A survey conducted by market intelligence provider Greenwich Associates shows that a number of financial institutions are actively reviewing solutions using distributed ledgers. Few respondents indicated that their institutions were actively deploying blockchains at this time. Seventeen percent of 92 survey-takers said that they are "currently using" some form of implementation. Yet more could begin utilizing the technology in the near future - of 87 respondents, 47% said....
San Francisco-based Bitcoin company Chain Inc. has clinched an investment of $30 million and the investors include financial heavyweights such as Visa Inc., Nasdaq Inc., Citi Ventures, Capital One Financial Corp., Fiserv Inc. and Orange SA. Chain Inc. works with banks and other financial firms and claims that its "solutions enable institutions to design, deploy and operate blockchain networks that can power any type of asset in any market." As reported by the Wall Street Journal, the company has also said that the former American Express Co. CEO and venture capitalist Jim Robinson III has....