Category Archives: Allgemein

Number of Bitcoin Cash Whales Drops Following 39 Price Surge

The number of Bitcoin Cash investors holding at least $3M dropped by 10 since Aug. 1 following the price surge to more than $311.

Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings.

According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales could have sold their holdings.

BCH continues to be the fifth largest crypto asset by market capitalization at $5.6 billion, with Chainlink (LINK) trailing at $4.6 billion. At the time of writing, Bitcoin Cash is trading at $307.84, having risen 3% in the last 24 hours.

Adjustments to BCH difficulty algorithm
Bitcoin Cash uses the SHA256D algorithm — the same as that used by Bitcoin. However, its hashing power is less than 5% of that of Bitcoin, which has sometimes left it vulnerable to a 51% attack.

In response, the BCH community has floated changing the algorithm as part of the network’s November upgrade. Cointelegraph reported on Aug. 7 that developers have worked out a compromise between two proposed solutions. The network will implement the ‘Aserti3-2d’ difficulty adjustment proposed by lead BCHN maintainer Jonathan Toomin, and an infrastructure funding plan.

 

written by Turner Wright

https://cointelegraph.com/news/number-of-bitcoin-cash-whales-drop-following-39-price-surge

Heiko Closhen, Entrepreneur

CRDT: Incentivising rewards for high-quality content

CRDT: Incentivising rewards for high-quality content

CRDT is a new project that we are very excited to share with you.

CRDT is its very own cryptographic token and one that is sure to grow throughout the crypto community. Over the next couple of days/weeks/months, we will take an in-depth look into the token on how it works and how it will benefit you as a trader.  CRDT tokens will be distributed to content creators and contributors to the website into their token digital wallet. Tied with the CRDT token payment card program, this will further give more purpose for contributors who participate in the ongoing success of the media offering. Remuneration of token will help give everyone the help and mutual interest that they need in order to develop the economy around token and CryptoDaily.

The overall network values many things for its token; however, innovative and unique content production that is preferred by our readership is a necessity for the ongoing success of the offering. In order to make sure everyone knows what the rewards are and why they are incentivised to continue their work for CryptoDaily, a clear rewarding system is necessary. This is why the content reward system was created with this approach and solution also helping us develop and extend the utility of the token. Since the media offering was founded in 2017, there have been more than 85 contributing authors to the website who have produced and delivered content to us with varying frequencies but always high-quality. This content includes breaking news and featured stories as well as market analysis and industry solutions. The list is really endless. All this news is geared towards Cryptocurrency and the world of blockchain as well as token economy.

Article Produced By
Robert Johnson

Robert is a keen investor with a particular interest in cryptocurrencies. He has been involved in the industry for many years, and because of this, has gathered a lot of knowledge surrounding this area. He studied English at university level and has a passion for writing. He loves being able to combine his two mains interests on a daily basis.

https://cryptodaily.co.uk/2020/08/crdt-incentivising-rewards-for

Heiko Closhen, Entrepreneur

How to Speculate on the Price of Gold Using Cryptocurrencies

How to Speculate on the Price of Gold Using Cryptocurrencies

Bitcoin: BTC Could Trade Sideways For A While (September 2019)

How high could Bitcoin go?
Bitcoin Bulls And Bears Finally Fight For Control
Earlier this week, gold spiked to over $2,000 for the first time in history.
The precious metal has been on the climb for more than two years straight, during which it has almost doubled in value, generating an incredible return for investors. 

Earlier this week, gold spiked to over $2,000 for the first time in history. The precious metal has been on the climb for more than two years straight, during which it has almost doubled in value, generating an incredible return for investors. Now, thanks to a cross-over between the traditional finance and cryptocurrency industries, investors can speculate on the value of gold using cryptocurrencies instead of fiat. Litecoin: Could 2019 be the end of LTC? : BTC Surprises Everyone Again (December 2019)Bitcoin: BTC Bulls Have othing To Worry About Yet (October 2019)

Invest in Gold-backed Tokens

Arguably the simplest way to speculate on the price of gold is by purchasing gold-backed tokens. In essence, these are tokens that are backed by a fixed allocation of gold, such that owning each token is equivalent to owning a fixed amount of gold. The amount of gold each token represents varies from provider to provider, but most stick with a ratio of 1 token equals 1 gram of pure investment grade gold. As such, the value of each token is usually roughly equivalent to the gold spot price, though it can fluctuate based on the economics of supply and demand, and several other factors. These tokens can usually be bought directly from the company or from third-party exchange platforms and can be traded or redeemed for real gold whenever the holder chooses. 

Though there is a wide range of gold-backed tokens available, it’s important to ensure that the ones you’re investing in meet certain basic criteria. The platform should offer a system to easily verify that it has sufficient gold in reserves to back the circulating supply 100%. CACHE Gold (GCT), for example, allows users to easily check how much gold it has in each of its vaults, with its GramChain® asset tracking system. Other platforms typically rely on irregular allocation reports to demonstrate their gold reserves. Beyond this, you should also consider the minimum redemption amount — or the minimum number of tokens that can be redeemed for physical gold. For CACHE Gold, this is 100 tokens (100 grams), whereas for Tether Gold (XAUt) this is 430 tokens (430 troy ounces). 

Trade Spot and Derivatives

For those looking to profit from the day-to-day fluctuations in the price of gold and gold-backed tokens, there’s also the option of trading gold derivatives and gold-backed tokens on a variety of cryptocurrency exchanges. Gold-backed tokens can be traded on most popular cryptocurrency exchanges. (Image: Huobi Global) Trading gold-backed tokens is no different from trading any other cryptocurrency. Once purchased, these tokens can be transferred to any cryptocurrency spot exchange that supports the cryptocurrency, where they can be traded against other cryptocurrencies or against fiat (where supported). Traders will then be able to capitalize on fluctuations in the token value as a result of changes in supply and demand, and the gold spot price. 

It’s also possible to trade a variety of gold derivatives using cryptocurrencies. These are essentially contracts that allow traders to speculate on the price of gold without actually purchasing or holding any gold or gold-backed tokens. These are typically considered more advanced financial instruments, however, since they can usually be traded with leverage — which can dramatically improve profits (or losses). 

Buy Gold Using Cryptocurrencies

Arguably one of the simplest ways to invest in gold and other precious metals is by simply purchasing physical gold bullion — essentially investment gold in the form of bars, ingots, and coins, using cryptocurrencies. Depending on where you live, the range of gold products available to you can vary considerably. Some of the more popular websites, including Money Metals and European Mint, offer a range of investment gold, ship worldwide, and accept payment in Bitcoin (BTC). Others, such as Bitgild and JM Bullion ship to a restricted range of countries. 

Though buying physical bullion with gold is a relatively simple endeavor in 2020, there are some downsides to the practice. For one, you’ll usually pay above spot price for the gold. This can range from just 1-2% above spot, to potentially much more depending on the vendor you choose. You will also likely need to pay shipping and insurance costs, which can become quite costly if you’re shipping large quantities of gold internationally. Physical gold also isn’t particularly liquid. This means you want to be able to liquidate your holdings easily, such as for trading purposes, or to capitalize on a temporary decline in value before buying back in. This is part of the reason why gold-backed tokens have achieved such popularity as an alternative. 

Article Produced By
Adrian Barkley

Adrian has been leading teams in the finance sector for over a decade. He is highly experienced, and is responsible for ensuring that the latest news is delivered to you as it is breaking. He has a keen interest in virtual currencies, and has even made investments himself, so is incredibly passionate when it comes to writing about this topic.

https://cryptodaily.co.uk/2020/08/how-to-speculate-on-the-price-of

Heiko Closhen, Entrepreneur

Smaller Bitcoin Holders Are Increasing Controlling More of BTC’s Supply Data Shows

Smaller Bitcoin Holders Are Increasing Controlling More of BTC’s Supply, Data Shows

 Data shows that the amount of bitcoin smaller entities hold has more than doubled over the past five years,

while BTC whales have seen their holdings decline significantly over the same period.According to on-chain analytics firm Glassnode, the percentage of bitcoin’s supply held by entities with 10 BTC or less has grown from 5.1% to 13.8% since June 2015, while entities with 100 to 100,000 BTC – colloquially known as whales – have seen their bitcoin holdings drop from 62.9% to 49.8%. The figure suggests that as bitcoin matures and adoption rises, the cryptocurrency is also becoming more decentralized, as whales and large investors become less dominant in the market. Part of the decline in the percentage of BTC held by whales can likely be attributed to inactive wallets, as early adopters mined 50 BTC per block with ease, but many became inactive.

Despite being inactive, some still pay attention to the market. As CryptoGlobe reported earlier this year an early bitcoin miner signed a message on the Bitcoin blockchain with over 140 different wallets, calling the self-proclaimed Satoshi Nakamoto Craig Wright a “liar and a fraud,” and signing off with “we are all Satoshi.” In its report, Glassnode pointed out that “control of bitcoin’s supply has been steadily shifting towards smaller entities.” Around 18.6 million BTC are in circulation today, out of the 21 million bitcoins that will ever be issued. An estimated 4 million coins are believed to be lost.Bitcoin whales, it’s worth noting, have in the past been accused of manipulating the market through various tactics, which include wash trading, pump and dump schemes, and more. In a report published back in June, Glassnode revealed that the number of BTC whales with over 1,000 coins in their wallets had risen to 1,882, from around 1,650 in January. The average balance by each whale has decreased over said period, so much so bitcoin whales now hold, on average, less than what they did in 2016.

Article Produced By
Francisco Memoria

Francisco is a cryptocurrency writer who's in love with technology and focuses on helping people see the value digital currencies have. His work has been published in numerous reputable industry publications. Francisco holds various cryptocurrencies

https://www.cryptoglobe.com/latest/2020/08/smaller-bitcoin-holders-are-increasing-controlling-more-of-btcs-supply-data-shows/

Heiko Closhen, Entrepreneur

Pantera CEO Dan Morehead Reveals Hedge Fund’s Biggest Crypto Positions

Pantera CEO Dan Morehead Reveals Hedge Fund’s Biggest Crypto Positions

-Pantera Capital CEO Dan Morehead revealed the hedge fund's largest crypto positions. -Morehead said a market inefficiency has failed to properly price bitcoin following May's halving.

 The chief executive officer for crypto hedge fund Pantera Capital has revealed some of the firm’s biggest crypto positions.

Speaking in a recent interview with Thinking Crypto, Pantera CEO Dan Morehead said the venture’s firm’s largest allocations were in bitcoin, followed by ethereum. Morehead went on to list polkadot, filecoin, augur, and 0x as altcoins the firm had allocated significant positions in. He also claimed to personally oversee and invest Pantera’s $600 million in assets in the crypto space.  In addition to outlining the firm’s investment strategy, Morehead said he was bullish on bitcoin and noted BTC’s average price increase of 200 percent year-over-year, despite the ups and downs. He argued a market inefficiency had failed to properly price the impact of bitcoin’s halvings. 

He explained, 

Over the past two halvings, there have been very clear positive impulses. They start about a year and a quarter prior to the halving and they go for about 440 days after the halving. And what’s typically happened is the markets have gone up a bit into the halving, and then after the halving, over the next 440 days, they go up a ton.

Morehead said bitcoin was projected to reach $115,000 by August 2021, based upon Pantera’s stock-to-flow analysis of previous halvings. 

Article Produced By
Michael Lavere

Mike is a financial and cryptocurrency journalist for CryptoGlobe covering the industry since 2017. Mike is an alumnus of the University of North Carolina Chapel Hill.

https://www.cryptoglobe.com/latest/2020/08/pantera-ceo-dan-morehead-reveals-hedge-funds-biggest-crypto-positions/

Heiko Closhen, Entrepreneur

A Slightly Stronger Dollar Halts Bitcoin but Long-Term Outlook Remains Unchanged

A Slightly Stronger Dollar Halts Bitcoin, but Long-Term Outlook Remains Unchanged

 On Friday (August 7), the U.S. Dollar Index (ticker: DXY) went up 0.60 (or 0.65) to close at 93.39 due to better-than-expected U.S. jobs growth in July.

On Friday, a press release (titled: “Employment Situation Summary”) by the U.S. Bureau of Labor Statistics, which is part of the U.S. Department of Labor, revealed that “total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent.” This report went on to say that “these improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it.” According to a report by Reuters, despite the dollar’s bounce on Friday, last week marked “a seventh straight week of declines” for the world’s reserve currency. In fact, since March 19, the U.S. Dollar Index has fallen 9.17%, as you can see in the chart below by TradingView: The Reuters report says that Ronald D. Simpson, who is Managing Director for Global Currency Analysis at Action Economics,

wrote in a note to clients:

The employment report allayed the market’s downside job fears, allowing the Dollar to rally broadly through the N.Y. session.

It seems reasonable to assume that this slight strengthening of the U.S. dollar could have been at least partly responsible for the small declines in the prices of gold and Bitcoin that we witnessed on Friday, with gold closing 1.38% lower at $2,034.80 and Bitcoin currently (as of 11:10 UTC on August 9), trading around $11,685, down roughly 0.75% since just before the release of the U.S. jobs report for July. However, it appears that most analysts are not worried by small price pullbacks for either of these asset classes, and they seem content to remain bullish on both precious metals and Bitcoin as long as we continue to have the current macro environment. Daniel Pavilonis, a senior commodities broker at RJO Futures, provided the following explanation to Kitco News for why gold and silver are going up (and his explanation also applies to Bitcoin which more and more people are starting to view as “digital gold”):

“One of the reasons why the metals are going up is due to the printing up of money. It pushed the real yields into the negative territory down the road. Investors are looking at precious metals as a piece of a longer-term puzzle. As interest rate go lower or negative, investors have money in the bank that will be essentially taxed as they’d have to pay interest on it. What’s the another alternative? This is why people are buying gold, taking delivery of gold bars, and buying futures.” Interestingly, it is not just that precious metals and bitcoin that have been performing very well since around mid March: U.S. Treasuries, oil, and U.S. stocks have also recorded impressive gains during the past few months, with the S&P 500 up 49.8% since March 23. Christopher Stanton, Chief Investment Officer at Sunrise Capital Partners, told Reuters that we are in a

“bull everything” market:

There are very few losers. Only laggards.

And with the amount of money printing that is going to be needed to fight economic impact of the raging COVID-19 pandemic, it does not seem surprising that investors worried about the debasement of fiat currencies and the increasing potential for high inflation in the future would want to hold almost any asset class except cash.

Article Produced By
Siamak Masnavi

Siamak received his PhD in Computer Science from University of London in 1992. He has worked part-time as a freelance journalist since 1986.

https://www.cryptoglobe.com/latest/2020/08/a-slightly-stronger-dollar-halts-bitcoin-but-long-term-outlook-remains-unchanged/

Heiko Closhen, Entrepreneur

Real Estate Blockchain Firm Ubitquity to Build Tokenized Title Platform

Real Estate Blockchain Firm Ubitquity to Build Tokenized Title Platform

Real Estate Blockchain Firm Ubitquity to Build Tokenized Title Platform

By EMILIA DAVID

Real estate blockchain platform developer Ubitquity will build a platform for creating tokenized property titles with Rainier Title, a news report said. 

The platform will also log records of conveyance for the Washington-based Rainier Title. It will integrate with the conveyance suite Qualia. Rainier Title is currently in the process of migrating to Qualia. 

Tokens created through the platform represent a client’s property so title owners have more opportunities to develop new value like a fractionalized ownership investment in the real estate. Ubitquity said in a statement that having tokens represent a property, along with records of conveyance stored on a blockchain, creates “huge efficiencies for the abstract process.”

Ubitquity’s blockchain-as-a-service platform Unanimity lets clients add data to the blockchain for an accurate store of all records. 

Along with the partnership with Rainier Title, Ubiquity is also addressing the rise of cybercrime. It built a smart contract module for escrow contracts called SmartEscrow. Its aim is to allow easy retrieval or reuse of data without the need for further verification. The company said with the technology closing agents can better avoid fraud since there is only a single source of truth and reconciliation is no longer needed. 

Tokenized real estate was once one of the most talked-about projects in years past. But delays in getting it off the ground have caused some to question its viability. However, using blockchain technology for title tokens are still seen as good for the real estate industry.

Article produced by EMILIA DAVID

https://cointelegraph.com/news/real-estate-blockchain-firm-ubitquity-to-build-tokenized-title-platform

 

ecosystem for entrepreneurs

Heiko Closhen, Entrepreneur

Chinese Blockchain Revolution Sees 10000 Newly Added Firms in 2020 Alone

Chinese Blockchain Revolution Sees 10,000 Newly Added Firms in 2020 Alone

Chinese Blockchain Revolution Sees 10,000 Newly Added Firms in 2020 Alone

By Anthonia Isichei

Reportedly, China has seen 10,000 blockchain-oriented companies being registered in the first seven months of 2020 alone.

China’s blockchain growth in terms of newly added firms in 2020 has surpassed the total figure seen in 2017. With support from the government, startups dedicated to developing decentralized ledger technology (DLT) are increasing in number with the country looking to dominate the emerging digital landscape.

 

Current 2020 Figures Topple 2017’s Total

In a tweet by blockchain and crypto data platform LongHash on Friday (August 7, 2020), China’s blockchain sector has seen an impressive growth so far in 2020. Between January and July 2020, 10,075 blockchain-based companies sprung up, which is more than the total figure recorded in 2017.

In the first 7 months of 2020, there are more than 10,000 newly established blockchain companies in China, more than the total number from all of 2017 ???? pic.twitter.com/TrAfjs0ONJ

— LongHash (@longhashdata) August 7, 2020

The figures by LongHash show that there are 29,340 blockchain firms in operation out of 84,410 registered companies. The Guangdong Province in Southeast China has the highest number of blockchain startups, with 25,371. Yunnan Province in the southwest comes second with 5,174 companies.

Furthermore, close to 50% of blockchain companies in the country register with a small capital, with the maximum being 5,000 yuan ($717). Meanwhile, only a tiny fraction of startups, about 9.18%, register with over 50,000 yuan ($7,175)

With the current number of blockchain-related companies so far surpassing 2017’s total figure, it is possible that 2020 could cross 2018’s total of 18,500, recording a new all-time high (ATH).

China has been making efforts to boost its digital sector and also push for blockchain adoption and innovation. Private and public institutions in the country are developing solutions based on the nascent technology. In 2020, the country approved 224 blockchain projects from major companies, including JD, Walmart, China, and Baidu.

Back in 2019, Chinese President Xi Jinping emphasized the importance of blockchain technology and called for the development of the sector. Shortly after President Xi’s comments on blockchain, the country announced that it would increase annual spending on the industry. The government plans to invest over $2B in blockchain by 2023.

ecosystem for entrepreneurs

Producing a Skilled Workforce for China’s Expanding Blockchain Scene

China’s drive to become a leader in the blockchain sector led to the launch of the Blockchain Services Network (BSN), with over 100 public nodes in different cities. As reported by CryptoPotato back in May, company heavyweights like Tencent, Baidu, Huawei, among others, formed a national blockchain committee. Tencent separately launched a blockchain project called Tencent Blockchain Accelerator.

While more blockchain-related companies continue to spring up, the blockchain educational sector seems to be behind. A report by a local news outlet stated that the first set of blockchain students schooling at the Chengdu University of Information and Technology would graduate in 2024. Although it is still a long time off, the graduates will form a skilled workforce for China’s growing blockchain sector.

China currently maintains the lead in the blockchain race, but other countries are also competing for the global blockchain supremacy. South Korea has plans to invest $400 million in Blockchain Research and Development (R&D). In July, the government announced plans to carve out a hemp regulatory-free trade zone, with blockchain to track hemp production.

Article produced by Anthonia Isichei

https://cryptopotato.com/chinese-blockchain-revolution-sees-10000-newly-added-firms-in-2020-alone

 

ecosystem for entrepreneurs

Heiko Closhen, Entrepreneur

Bitcoin is Almost as Big as Bank of America

As crypto prices continue climbing, Bitcoin's market cap has almost reach par with Bank of America's market cap.

All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation.

Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web.

Bitcoin's market cap climbing in comparison
Although it has endured its fair share of dramatic price fluctuations, Bitcoin's price has grown substantially in 2020, rising past several different wealth comparisons along the way.

Back in March, just before COVID-19 measures turned the world on its head, the United States Central Bank pumped the economy with $168 billion in capital. At the time, Bitcoin's market cap held near $145 billion.

In April, Amazon CEO Jeff Bezos' touted a net worth of approximately $140 billion, with Bitcoin's market cap near $130 billion. On paper, it seemed Bezos could have bought all the Bitcoin in circulation with a few billion to spare, although the mass purchase would likely prove impossible in real life due to factors such as rising prices and liquidity.

Since then, Bezos' net worth has reached a staggering $193 billion. Bitcoin's valuation, however, remains higher near $217 billion.

The asset could reach astronomical heights
In an Aug. 4 crossover podcast episode with Peter McCormack, host of the What Bitcoin Did podcast, Morgan Creek Digital co-founder Anthony Pompliano recently forecasted a future Bitcoin market cap of more than $80 or $90 trillion at some point before the end of time. Pompliano, however, said he was unsure if Bitcoin would reach such a market cap within his lifetime.

A long-time Bitcoin advocate, Pompliano has stated his position many times on Bitcoin as an asset uncorrelated with mainstream markets.

 

written by Benjamin Pirus

https://cointelegraph.com/news/bitcoin-is-almost-as-big-as-bank-of-america

Heiko Closhen, Entrepreneur

North America may be emerging as the hodling hub of the world

For most investors, the crypto-market is no longer uncharted territory. Thanks to increasing regulatory clarity and mainstream adoption, institutional investors are now flocking in. With the industry maturing over the past decade, it would seem that North America has emerged to become a very important market, something evidenced by the fact that it has more active, professional, and institutional investors than other regions like East Asia and Western Europe.

A recent excerpt from Chainalysis’s 2020 Geography of Cryptocurrency Report highlighted the dominance of North America as a region, with regard to its institutional investors within the larger global cryptocurrency market. The report highlighted that despite North America being the third-most active region by cryptocurrency volume moved on-chain, it contributes significantly towards driving the credibility of crypto as an asset class.

“North America also hosts a growing class of institutional investors moving even larger transfers of cryptocurrency than those we typically see from professional traders. The institutional share of the market has grown over the past few years, which can be seen by many to legitimize cryptocurrency as an asset class.”

The report also underlined how in the past two years, the institutional investor class has been a growing demographic, in comparison to other markets, adding,

“Over the last two years in North America, we’re seeing the impact of a growing class of institutional investors whose transfers account for the growing dominance of professionals in the North American market since December 2019.”

 

Interestingly, as the previous year came to a close, an interesting trend emerged with regard to the crypto-market. The size of crypto transactions from North America saw a spike, with the share of the region’s total value transferred made up of transfers above $1 million rising from 46 percent to 57 percent in May 2020.

This move is understandable as the pandemic has led to increased uncertainty in the global markets, a development that precipitates more and more institutional investors switching to crypto as a hedge. The increased printing of fiat currencies has also helped crypto’s case, along with the fact that cryptocurrencies like Bitcoin have a fixed supply.

In fact, Michael Sonnenshein, Managing Director of Grayscale Investments, recently noted that an increasing number of institutional investors today are open to having exposure to more than one cryptocurrency. He said,

“We now see over 80% of them having now invested in more than one Grayscale product, meaning they now each have exposure to more than one digital currency.”

Further, a recent survay conducted by Fidelity Investments had substantiated on the positive sentiment towards crypto from investors in the U.S and Europe, observing that an overwhelming majority of investors find crypto as an appealing asset class. It read,

“Almost 800 institutional investors across the U.S. and Europe, 36% of respondents say they are currently invested in digital assets, and 6 out of 10 believe digital assets have a place in their investment portfolio.”

While the U.S. has often been accused of not showing enough enthusiasm towards crypto, especially with regard to its framing of crypto-specific regulations, investors don’t seem to be holding back, especially in comparison to other regions such as many East Asian countries that are often lauded for robust crypto-regulations.

Chainalysis’s report also noted that despite North America-based addresses falling behind Western Europe and East Asia in terms of cryptocurrency activity globally, North America leads the way when it comes to cryptocurrency balances and exhibits a greater hodling tendency.

“North American addresses hold 29% of all cryptocurrency currently parked at service-hosted addresses, compared to 16% for East Asia-based addresses as of the end of June. Those figures would suggest that North America-based users tend to let the cryptocurrency they acquire sit in their wallets and accumulate.”

 

written by Jude Lopez

https://eng.ambcrypto.com/north-america-may-be-emerging-as-the-hodling-hub-of-the-world/

Heiko Closhen, Entrepreneur