Visa to provide easy ways to spend from crypto wallets

Cryptocurrency

There are 18,000 BTC millionaires, or addresses containing greater than $1 million value of BTC.

Published

1 hour ago

on

July 30, 2020

dollars, Bitcoin has halved, what happens next?, Naira should watch out; Nigeria leads in the peer to peer use of Bitcoin than all African countries combined

With the recent bullish rally in the world’s flagship cryptocurrency market, some global investors have grown richer within the past few weeks.

As of now, there are 18,000 BTC millionaires, or addresses containing greater than $1 million value of BTC according to data obtained from a crypto analytic firm, Glassnode

UBA ADS

With $BTC’s recent price increase, the number of #Bitcoin addresses holding at least $1,000,000 USD has surged by ~38% to around 18,000.https://t.co/akRiFpAg7q pic.twitter.com/fcoOcHtAPh

— glassnode (@glassnode) July 29, 2020

Recall that the wealth of many BTC investors has grown exponentially at the BTC market, as holders of more than 1000 BTCs or more (who are referred to as whales) have been increasing at a steady pace after BTC’s most recent halving that occurred a few months ago.

What this means: As transaction numbers in BTCs market keep hitting record highs, the number of dollars that buyers invested in $BTC just made a new all-time high. This suggests investors are raising their stakes in the flagship cryptocurrency market

Meanwhile, the flagship currency had remained above the $11,000 resistant level. Data from Coinmarketcap shows that BTC has a market capitalization of about $203.4 billion dollars with a daily trading volume standing at $25 billion.

Quick fact: BTC is a completely decentralized digital crypto-asset, unlike fiat currencies that you can hold in your physically there is no central authority or centralized payment system controlling BTC. Bitcoin operates in a peer-to-peer network that allows any individual in the world to send and receive Bitcoin without any middleman (like a bank, central bank, or payment processor).

Patricia

Cryptocurrency

The biggest movement of stolen BTC tracked was of 476.32 BTC.

Published

23 hours ago

on

July 29, 2020

Bitcoin robbers move 3503 BTC worth $38.5 million, Twitter cyber hackers gained $100,000 worth of cryptos, SEC warns against illegal cryptocurrency operator and its products, Crypto-Criminals on a rampage, capitalizing on COVID-19 Pandemic

As the price of BTC approaches the $11,000 resistance level, BTC thieves in less than 48 hours have stolen 3503 BTC worth $38.5 million. This is more than the 119 756 BTC stolen in 2016.

This information was disclosed by advanced cryptic analytic tracker Wale Alert, in a series of tweets seen by Nairametrics. The recorded transactions occurred more than 12 times.

UBA ADS

The biggest movement of tracked stolen BTC was 476.32, while the smallest movement tracked was 2.612703 BTC.

READ MORE: $30 billion worth of BTCs disappears forever 

⚠ 476.32 #BTC (5,147,316 USD) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet

Tx: https://t.co/2kqzfoYIA1

— Whale Alert (@whale_alert) July 27, 2020

Back story: In 2016, a top official at Bitfinex, in a statement credited to Reuters disclosed that 119,756 Bitcoins were stolen from users’ accounts. To date, the BTC robbers responsible for these heists have only been able to move only 1-2% of the funds from the exchange.

Data obtained from Coinmarketcap shows that the world’s flagship currency is trading very close to the strong resistance level around $11,000 with a market capitalization of about $201 billion.

READ MORE: Tether whales move USDT 110,000,000 in 1 hour

How easy is tracking BTCs? It should be noted that Bitcoin is not really anonymous because all BTC transactions are kept permanently and publicly on the blockchain or ledger system, so it’s very easy for anyone to see the transactions and balances of any BTC address.

What this means: Blockchain security and security agencies have flagged the BTC wallets containing the stolen BTCs, making it very difficult to move the 119,756 BTC without being noticed

app

Patricia

Cryptocurrency

This incredible feat shows global investors and traders are rushing into digital coins.

Published

1 day ago

on

July 29, 2020

total market capitalization of cryptocurrencies, Crypto, Whales move 100,000,000 Tether, USDT in less than 24 hours

The crypotoverse seems to be getting bigger lately because the total market capitalization of cryptocurrencies has surged past a new 5-month high. These were largely contributed by the recent rally in BTC, ETH, and XRP and many altcoins in play.

Data from Coinmarketcap, an advanced crypto tracker firm, revealed that the market capitalization value of the cryptocurrency market stands at $323 billion at the time this report was drafted. BTC played a major role in the crypto market value, contributing about 62% of the whole crypto market capitalization.

UBA ADS

READ MORE: Mysterious Bitcoin whale moves 15,022 BTCs worth $162 million

What this means: This incredible feat in the crypto market shows global investors and traders are rushing into digital coins, and hedging against inflation-prone assets like currencies. Although the crypto market experienced some slight lows in the past week due to the resurging COVID-19 caseloads, the market seems to have bounced back again.

READ MORE: Why 47% of Bitcoin entities are whales

In the past 48 hours, Bitcoin gained +9% as it nears $11,000 for the first time in 11 months. Additionally, amongst the top 100 highest market capitalized crypto assets, 20 of the 30 projects that have had positive gains in the past day are in the top 40. The past couple of months were all about Defi and altcoins having all the fun. But the narrative has quickly switched back to bitcoin and large-cap assets like Ethereum, Ripple, and Tether.

Patricia

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