According to Glassnode, the number of BTC addresses is on the rise again. At the same time, the number of addresses holding 1 BTC or more has passed the symbolic mark of 1,000,000. 🔥
Previously, it was the large expansion of the BTC network that was often seen as a strong signal of price growth. 🕯
🇸🇬The Singapore regulator required crypto service providers to transfer client assets to a special trust for safekeeping by the end of the year.
❌🤖The MAS also banned crypto service providers from facilitating lending and betting for retail investors, while allowing institutional functionality to continue.
🤯👀 Billions of different tokens have been released, including 100 million BNB and 10 billion BUSD on Metis.
PolyNetwork has already been hacked for $600 million in 2021. This time, the project has little liquidity, so the huge amount of stolen assets cannot be withdrawn.
👾🧐SlowMist founder Yu Xian said not to worry. Assets worth $4.2 billion in nominal terms have been stolen, but this is just "air" that cannot be converted into real assets. 💸
The recent announcement of a spot Bitcoin ETF application from BlackRock, the world's largest asset manager with a $10 trillion AUM, generated significant excitement among crypto folks and a huge spike in bitcoin price. 🪙
A surge in Inflows in digital-asset investment products also did not take long.
❓So why are there so many concerns among Bitcoin proponents? Are there some significant caveats under the hood of that BlackRock ETF application?
Analysts at investment bank Berenberg say that if the SEC wants to reduce the potential of unregulated DeFi protocols as a viable alternative to regulated lenders and exchanges, it could start by putting pressure on stackable coins. 🤯
🔴 The main beneficiary in this situation would be bitcoin, which is currently the only one classified as a commodity.
🔥 Tether burned $USDT 3.1 billion on TRON network!
Capitalisation will not be affected by this transaction. Most likely it will be used as part of cross-chain transactions. 👀
But there is a pattern. 🪙 Tether reduces the amount of USDT on the Tron network in favour of Ethereum, which indicates the interest of users to have tokens on the Ethereum network.
Binance's Legal Action Against Two ‘Scam’ Companies in a Week: What's Going On There?
After [being sued by SEC and] exiting Canada, deregistering in Cyprus, having problems with banking in Australia, being under investigation for money laundering in France, failing to acquire a license in the Netherlands, and canceling its UK license… Now Binance, widely thought of as having a branched and opaque structure, issues "cease and desist" twice a week to the UK and Nigerian firms with similar names, denying any affiliation with them. What's going on there? Is it just another FUD this t
Bitcoin rose to $29,000 last night before pulling back a bit. But it is still trading around that level. The first cryptocurrency pulls the rest of the market with it.
📈 Leaders of growth among the top 100 over the last 24 hours: STX (+21%), CFX (+19%), FLOW (+18%).
🤪 I asked Chatsonic which altcoin should I invest in right now and I got the following information:
There are several altcoins that have the potential to provide good returns on investment. The top altcoins by market capitalization, excluding stablecoins, are Ethereum (ETH), Binance Coin (BNB), XRP (XRP), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC) and Solana (SOL).
Imagine that you only have the option to choose one altcoin. Which one would you choose?
Blockchain analysis firm Chainalysis revealed an interesting trend in their blog post: the malicious actors are now turning to crypto #mining pools as a means of #money laundering – instead of mixers.
🇭🇰Hong Kong regulators are pressuring banks, including HSBC and Standard Chartered, to start offering cryptocurrency services. 🙃
However, the banks are reluctant because they fear cryptocurrencies will start laundering money and the banks themselves will be prosecuted for it. The regulator is urging them not to be afraid. 🙂