Stock Analytics Firm Trefis Adjusts Year-End BTC Prediction to $12,500
Stock analytics firm Trefis announced in a 5 June blog post the reduction of its Bitcoin year-end price valuation from USD 15,000 to USD 12,500. It also shared the headline of the article on Twitter, with a link to the original blog post.
Read full article at https://bitcoinnews.com/stock-analytics-firm-trefis-adjusts-year-end-btc-prediction-to-12500/
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Coinmint to Make Alcoa Smelter One of World’s Largest Crypto Mining Centers
Crypto company Coinmint is to take over a former Alcoa aluminum smelting facility in New York State, a move that would make it one of the world’s largest cryptocurrency mining centers.
The smelting plant located in Upstate New York has signed a deal with crypto-mining company Coinmint, to install one of the world’s largest cryptocurrency mining centers in Upstate New York, reports Bitcoinist. The 10-year lease, with options to renew, will give Coinmint the opportunity to invest USD 700 million into its new facility, expected to bring over 150 new jobs to the nearby town of Massena.
Read full article at https://bitcoinnews.com/coinmint-to-make-alcoa-smelter-one-of-worlds-largest-crypto-mining-centers/
Crypto company Coinmint is to take over a former Alcoa aluminum smelting facility in New York State, a move that would make it one of the world’s largest cryptocurrency mining centers.
The smelting plant located in Upstate New York has signed a deal with crypto-mining company Coinmint, to install one of the world’s largest cryptocurrency mining centers in Upstate New York, reports Bitcoinist. The 10-year lease, with options to renew, will give Coinmint the opportunity to invest USD 700 million into its new facility, expected to bring over 150 new jobs to the nearby town of Massena.
Read full article at https://bitcoinnews.com/coinmint-to-make-alcoa-smelter-one-of-worlds-largest-crypto-mining-centers/
Australian Company Loses $6.6M as Crypto Goes Missing
Australia-based Byte Power Party has lost USD 6.6 million after millions of Soarcoin tokens went missing when Singaporean company Soar Labs attempted to purchase a stake in the Australian firm without actually paying for it, reports CCN.
In June 2017, a month prior to Soar Labs’s token sale, Byte Power announced the Singaporean company would acquire a 49% stake in exchange for USD 5 million. Soar Labs paid a total of USD 100,000 in fiat and sent 306 million Soarcoins valued at USD 0.016 each to cover the rest.
In January, a large portion of the tokens was alleged to be suspended according to Soar Labs, as Byte Power was trying to clear debts by selling off the tokens at very low prices. A total of 179.2 million Soarcoins held by the company, plus 34.6 million held by Alvin Phua, Byte Power’s CEO, were frozen.
Read full article at https://bitcoinnews.com/australian-company-loses-6-6m-as-crypto-goes-missing/
Australia-based Byte Power Party has lost USD 6.6 million after millions of Soarcoin tokens went missing when Singaporean company Soar Labs attempted to purchase a stake in the Australian firm without actually paying for it, reports CCN.
In June 2017, a month prior to Soar Labs’s token sale, Byte Power announced the Singaporean company would acquire a 49% stake in exchange for USD 5 million. Soar Labs paid a total of USD 100,000 in fiat and sent 306 million Soarcoins valued at USD 0.016 each to cover the rest.
In January, a large portion of the tokens was alleged to be suspended according to Soar Labs, as Byte Power was trying to clear debts by selling off the tokens at very low prices. A total of 179.2 million Soarcoins held by the company, plus 34.6 million held by Alvin Phua, Byte Power’s CEO, were frozen.
Read full article at https://bitcoinnews.com/australian-company-loses-6-6m-as-crypto-goes-missing/
Poland Reaffirms Crypto Exchanges Still Legal Nationally
The Polish Financial Supervision Authority (KNF) reaffirmed the country’s position regarding the legality of cryptocurrencies this week, in reaction to media accounts suggesting Poland is looking to prohibit all activity on cryptocurrency exchanges.
False reports of a crypto ban
While Poland did announce a government-led investigation into cryptocurrencies, allegations reportedly made by mainstream media outlets suggested that Poland was looking to ban all activities on cryptocurrency exchanges.
Read full article at https://bitcoinnews.com/poland-reaffirms-crypto-exchanges-still-legal-nationally/
The Polish Financial Supervision Authority (KNF) reaffirmed the country’s position regarding the legality of cryptocurrencies this week, in reaction to media accounts suggesting Poland is looking to prohibit all activity on cryptocurrency exchanges.
False reports of a crypto ban
While Poland did announce a government-led investigation into cryptocurrencies, allegations reportedly made by mainstream media outlets suggested that Poland was looking to ban all activities on cryptocurrency exchanges.
Read full article at https://bitcoinnews.com/poland-reaffirms-crypto-exchanges-still-legal-nationally/
Vitalik Buterin Not Worried About Rothschild’s Impact on Crypto
Vitalik Buterin, the co-founder of Ethereum and the Bitcoin Magazine, expressed optimism on the future of finance dismissing claims that the Rothschilds might influence crypto. He insightfully said that the Rothschilds didn’t have enough cash flow to finance their efforts of manipulating cryptocurrency and was confident about the future of Ethereum with the significant changes coming soon to the network.
Read full article at https://bitcoinnews.com/vitalik-buterin-not-worried-about-rothschilds-impact-on-crypto/
Vitalik Buterin, the co-founder of Ethereum and the Bitcoin Magazine, expressed optimism on the future of finance dismissing claims that the Rothschilds might influence crypto. He insightfully said that the Rothschilds didn’t have enough cash flow to finance their efforts of manipulating cryptocurrency and was confident about the future of Ethereum with the significant changes coming soon to the network.
Read full article at https://bitcoinnews.com/vitalik-buterin-not-worried-about-rothschilds-impact-on-crypto/
Bithumb: 43% Investors Say It’s Time To Hodl With Over-50s Going Long Term
A recent survey of cryptocurrency investors by South Korean exchange Bithumb revealed that many intend to ‘hodl’ their funds over a long period of time, according to Bitcoinist.
The survey of roughly 2,500 investors showed a huge 42.8% were in for the long ride, with only 27% interested in short-term profits. It also revealed that13.% had bought cryptocurrency purely as investment, while another 10.5% were focusing on marriage and property-related goals.
Read full article at https://bitcoinnews.com/bithumb-43-investors-say-its-time-to-hodl-with-over-50s-going-long-term/
A recent survey of cryptocurrency investors by South Korean exchange Bithumb revealed that many intend to ‘hodl’ their funds over a long period of time, according to Bitcoinist.
The survey of roughly 2,500 investors showed a huge 42.8% were in for the long ride, with only 27% interested in short-term profits. It also revealed that13.% had bought cryptocurrency purely as investment, while another 10.5% were focusing on marriage and property-related goals.
Read full article at https://bitcoinnews.com/bithumb-43-investors-say-its-time-to-hodl-with-over-50s-going-long-term/
Bitcoin Mining Difficulty Undergoes Biggest Jump in History
Bitcoin mining difficulty increased by 634 billion units on 5 June 2018, from 4.306 to 4.940 trillion units. This is the largest difficulty increase in history, and comes at a time when Bitcoin’s mining hash rate is rapidly accelerating. In the past year Bitcoin mining difficulty and hash rate has increased 728%.
This latest difficulty adjustment represents an increase of 14.71%, the largest increase since January 2018 when the cryptocurrency markets were in a frenzy as Bitcoin hit all-time highs near USD 20,000. There were several difficulty adjustments in excess of 15% during the Bitcoin rally, but the magnitude of the 5 June 2018 increase far exceeds any other difficulty increase on record.
Read full article at https://bitcoinnews.com/bitcoin-mining-difficulty-undergoes-biggest-jump-in-history/
Bitcoin mining difficulty increased by 634 billion units on 5 June 2018, from 4.306 to 4.940 trillion units. This is the largest difficulty increase in history, and comes at a time when Bitcoin’s mining hash rate is rapidly accelerating. In the past year Bitcoin mining difficulty and hash rate has increased 728%.
This latest difficulty adjustment represents an increase of 14.71%, the largest increase since January 2018 when the cryptocurrency markets were in a frenzy as Bitcoin hit all-time highs near USD 20,000. There were several difficulty adjustments in excess of 15% during the Bitcoin rally, but the magnitude of the 5 June 2018 increase far exceeds any other difficulty increase on record.
Read full article at https://bitcoinnews.com/bitcoin-mining-difficulty-undergoes-biggest-jump-in-history/
Bitcoin Dev Corallo Suggests BetterHash Protocol for More Decentralized Mining
A Bitcoin core developer, Matt Corallo, has proposed a new protocol named BetterHash that would make Bitcoin mining more decentralized. He published a draft of the Bitcoin Improvement Proposal on GitHub.
The most widely deployed mining protocol, Stratum, requires pool operators to distribute block templates to pool users. This increases centralization of the Bitcoin mining process since pool operators can choose to selectively ignore protocol changes. The primary goal of BetterHash is to fix Stratum’s deficiencies.
It would be more decentralized if each individual miner could choose their block template, and this would end up covering a broader spectrum of protocols allowing more diversity of transactions into blocks, reducing censorship on the Bitcoin network. As things are, now the only way for miners to select their own block templates is to solo mine, which takes an extreme amount of mining equipment to have any success.
Read full article at https://bitcoinnews.com/bitcoin-dev-corallo-suggests-betterhash-protocol-for-more-decentralized-mining/
A Bitcoin core developer, Matt Corallo, has proposed a new protocol named BetterHash that would make Bitcoin mining more decentralized. He published a draft of the Bitcoin Improvement Proposal on GitHub.
The most widely deployed mining protocol, Stratum, requires pool operators to distribute block templates to pool users. This increases centralization of the Bitcoin mining process since pool operators can choose to selectively ignore protocol changes. The primary goal of BetterHash is to fix Stratum’s deficiencies.
It would be more decentralized if each individual miner could choose their block template, and this would end up covering a broader spectrum of protocols allowing more diversity of transactions into blocks, reducing censorship on the Bitcoin network. As things are, now the only way for miners to select their own block templates is to solo mine, which takes an extreme amount of mining equipment to have any success.
Read full article at https://bitcoinnews.com/bitcoin-dev-corallo-suggests-betterhash-protocol-for-more-decentralized-mining/
It Could Never Happen! 51% Blockchain Attacks on the Rise
It has been reported that 51% attacks on blockchain networks have become far more frequent events than once anticipated, with at least five cryptocurrencies being hit in the last month, reports Coindesk.
Monacoin, Bitcoin Gold, Zencash, Verge and now, Litecoin Cash have all recently been targeted and, in each case, networks have been severely compromised and transactions have been rearranged, resulting in heists of millions of dollars.
Read full article at https://bitcoinnews.com/it-could-never-happen-51-blockchain-attacks-on-the-rise/
It has been reported that 51% attacks on blockchain networks have become far more frequent events than once anticipated, with at least five cryptocurrencies being hit in the last month, reports Coindesk.
Monacoin, Bitcoin Gold, Zencash, Verge and now, Litecoin Cash have all recently been targeted and, in each case, networks have been severely compromised and transactions have been rearranged, resulting in heists of millions of dollars.
Read full article at https://bitcoinnews.com/it-could-never-happen-51-blockchain-attacks-on-the-rise/
More Than 2 out of 3 Crypto Exchanges Don’t Know Their Customers (KYC)
A recent study held among 25 different cryptocurrency exchanges across Europe and the US revealed that only 32% perform full KYC identity checks on their users, writes Bitcoinist.
The study conducted by analytics house P.A.ID Strategies that out of these 25 exchanges, all based in the US and Europe, two-thirds failed to comply the requirements of the so-called Know Your Customer (KYC) procedure. New anti-money laundering regulations are due to come into effect in 2019, and it’s thought that the KYC checks will encourage crypto exchanges to examine their operations more carefully in terms of compliance.
Read full article at https://bitcoinnews.com/more-than-2-out-of-3-crypto-exchanges-dont-know-their-customers-kyc/
A recent study held among 25 different cryptocurrency exchanges across Europe and the US revealed that only 32% perform full KYC identity checks on their users, writes Bitcoinist.
The study conducted by analytics house P.A.ID Strategies that out of these 25 exchanges, all based in the US and Europe, two-thirds failed to comply the requirements of the so-called Know Your Customer (KYC) procedure. New anti-money laundering regulations are due to come into effect in 2019, and it’s thought that the KYC checks will encourage crypto exchanges to examine their operations more carefully in terms of compliance.
Read full article at https://bitcoinnews.com/more-than-2-out-of-3-crypto-exchanges-dont-know-their-customers-kyc/
Millennials, Bitcoin and a Tech Breakthrough to Support the Rest: An End to Drudgery?
A Pew Research Center study shows that millennials have overtaken Generation Xers to become the largest generation in the US labor force.
It is a position that millennials have actually held in the US since 2016, outpacing Gen Xers and Baby Boomers with 56 million working, or looking for work, compared to 53 million and 41 million respectively. The Pew study shows that 35% of the US labor force are millennials.
The Pew Research Center is a nonpartisan American think tank based in Washington DC that provides information on social issues, public opinion, and demographic trends shaping the United States and the world.
The report shows that as Baby Boomers numbers recede so will their influence and their opinions about lifestyle, principally money, and how it’s earnt.
Read full article at https://bitcoinnews.com/millennials-bitcoin-and-a-tech-breakthrough-to-support-the-rest-an-end-to-drudgery/
A Pew Research Center study shows that millennials have overtaken Generation Xers to become the largest generation in the US labor force.
It is a position that millennials have actually held in the US since 2016, outpacing Gen Xers and Baby Boomers with 56 million working, or looking for work, compared to 53 million and 41 million respectively. The Pew study shows that 35% of the US labor force are millennials.
The Pew Research Center is a nonpartisan American think tank based in Washington DC that provides information on social issues, public opinion, and demographic trends shaping the United States and the world.
The report shows that as Baby Boomers numbers recede so will their influence and their opinions about lifestyle, principally money, and how it’s earnt.
Read full article at https://bitcoinnews.com/millennials-bitcoin-and-a-tech-breakthrough-to-support-the-rest-an-end-to-drudgery/
Bithumb’s Clean Bill of Health Could Lift Crypto in South Korea
Bithumb, the largest cryptocurrency exchange in South Korea, has been cleared by local financial authorities and the National Tax Service (NTS) of illicit activities, tax evasion, and suspicious business operations, reports CCN.
The South Korean government had been monitoring the exchange, along with UPbit, another of the country’s main exchanges, after investors had expressed concerns. Both companies were then investigated for potential malpractice and suspicious business activities.
It was found that apart from Bithumb being ordered to pay USD 28 million in taxes, neither the NTS, Financial Services Commission (FSC), or Korea Financial Intelligence Unit (KFIU), along with other government agencies could find any evidence of improper practices regarding either company.
Read full article at https://bitcoinnews.com/bithumbs-clean-bill-of-health-could-lift-crypto-in-south-korea/
Bithumb, the largest cryptocurrency exchange in South Korea, has been cleared by local financial authorities and the National Tax Service (NTS) of illicit activities, tax evasion, and suspicious business operations, reports CCN.
The South Korean government had been monitoring the exchange, along with UPbit, another of the country’s main exchanges, after investors had expressed concerns. Both companies were then investigated for potential malpractice and suspicious business activities.
It was found that apart from Bithumb being ordered to pay USD 28 million in taxes, neither the NTS, Financial Services Commission (FSC), or Korea Financial Intelligence Unit (KFIU), along with other government agencies could find any evidence of improper practices regarding either company.
Read full article at https://bitcoinnews.com/bithumbs-clean-bill-of-health-could-lift-crypto-in-south-korea/
Bitmain Considering Launching Public Stocks
Founder of Bitmain Technologies, Jihan Wu, said that he is considering launching a publicly-traded Bitmain stock on the Hong Kong or a United States stock exchange via an initial public offering (IPO). Bitmain is a global Bitcoin mining powerhouse, controlling as much as 80% of the market for cryptocurrency mining equipment.
Read full article at https://bitcoinnews.com/bitmain-considering-launching-public-stocks/
Founder of Bitmain Technologies, Jihan Wu, said that he is considering launching a publicly-traded Bitmain stock on the Hong Kong or a United States stock exchange via an initial public offering (IPO). Bitmain is a global Bitcoin mining powerhouse, controlling as much as 80% of the market for cryptocurrency mining equipment.
Read full article at https://bitcoinnews.com/bitmain-considering-launching-public-stocks/
MasterCard Patenting Blockchain Tech Which Would Digitize Credit Cards
MasterCard has filed a patent application with the United States Patent and Trademark Office which would digitize credit cards and store them on a blockchain. The patent application is titled ‘Method And System For Payment Card Verification Via Blockchain’. This would be a fully functional system that could replace physical credit cards. The patent was originally filed in December 2016, but became visible to the public yesterday, 7 June 2018.
Read full article at https://bitcoinnews.com/mastercard-patenting-blockchain-tech-which-would-digitize-credit-cards/
MasterCard has filed a patent application with the United States Patent and Trademark Office which would digitize credit cards and store them on a blockchain. The patent application is titled ‘Method And System For Payment Card Verification Via Blockchain’. This would be a fully functional system that could replace physical credit cards. The patent was originally filed in December 2016, but became visible to the public yesterday, 7 June 2018.
Read full article at https://bitcoinnews.com/mastercard-patenting-blockchain-tech-which-would-digitize-credit-cards/
Grayscale Investments Holding $248M in Crypto, Gaining $10M Weekly
Grayscale Investments has released the Grayscale Digital Asset Investment Report for the first half of 2018, detailing how it has had the strongest investment inflows in the history of its business despite the cryptocurrency market downturn that saw Bitcoin decline from USD 20,000 to USD 6,000. Now, Grayscale Investments has an overall portfolio of USD 248.39 million, with new investments of USD 9.55 million per week on average, with a few weeks in the USD 20-30 million range.
Read full article at https://bitcoinnews.com/grayscale-investments-holding-248m-in-crypto-gaining-10m-weekly/
Video https://www.youtube.com/watch?v=EU6y4Z1X0f0
Grayscale Investments has released the Grayscale Digital Asset Investment Report for the first half of 2018, detailing how it has had the strongest investment inflows in the history of its business despite the cryptocurrency market downturn that saw Bitcoin decline from USD 20,000 to USD 6,000. Now, Grayscale Investments has an overall portfolio of USD 248.39 million, with new investments of USD 9.55 million per week on average, with a few weeks in the USD 20-30 million range.
Read full article at https://bitcoinnews.com/grayscale-investments-holding-248m-in-crypto-gaining-10m-weekly/
Video https://www.youtube.com/watch?v=EU6y4Z1X0f0
How Much Do Dollar and Euro Inflation Impact Bitcoin’s Price?
Bitcoin’s price is primarily measured relative to fiat currencies like the USD, EUR, JPY, KRW, and formerly the CNY before China banned yuan to Bitcoin trading in September 2017. In the English speaking world, the US dollar (USD) and the Euro (EUR) are the primary fiat currencies. Both are subject to constant inflation due to increasing money supply from money printing by their respective central banks. This article explores just how much of an influence their inflation has, if any, on Bitcoin’s price.
Read full article at https://bitcoinnews.com/how-much-do-dollar-and-euro-inflation-impact-bitcoins-price/
Video https://www.youtube.com/watch?v=3XQ7xMw_TwQ
Bitcoin’s price is primarily measured relative to fiat currencies like the USD, EUR, JPY, KRW, and formerly the CNY before China banned yuan to Bitcoin trading in September 2017. In the English speaking world, the US dollar (USD) and the Euro (EUR) are the primary fiat currencies. Both are subject to constant inflation due to increasing money supply from money printing by their respective central banks. This article explores just how much of an influence their inflation has, if any, on Bitcoin’s price.
Read full article at https://bitcoinnews.com/how-much-do-dollar-and-euro-inflation-impact-bitcoins-price/
Video https://www.youtube.com/watch?v=3XQ7xMw_TwQ
Indian Ponzi Mastermind Offers to Pay Back Investments, but Not at Current Value
Amit Bhardwaj, the Indian Gain Bitcoin entrepreneur accused of being behind what has become one of the biggest Bitcoin scams in history, has reportedly offered to return initial investments in the scheme to investors.
He is also the founder of Amaze Mining and Research Limited and one of the pioneers of Bitcoin in the Indian nation. Bhardwaj has been accused of running a multi-level marketing in relation to the MCAP token taken out by Gain Bitcoin.
Despite his offer, it has been reported that victims of the scheme want the returned funds returned at the current value of their cryptocurrencies rather than the value of the initial investments. One of the victims who has since filed a police complaint against Bhardwaj argued:
Read full article at https://bitcoinnews.com/indian-ponzi-mastermind-offers-to-pay-back-investments-but-not-at-current-value/
Video https://www.youtube.com/watch?v=sXfrGQA7baA
Amit Bhardwaj, the Indian Gain Bitcoin entrepreneur accused of being behind what has become one of the biggest Bitcoin scams in history, has reportedly offered to return initial investments in the scheme to investors.
He is also the founder of Amaze Mining and Research Limited and one of the pioneers of Bitcoin in the Indian nation. Bhardwaj has been accused of running a multi-level marketing in relation to the MCAP token taken out by Gain Bitcoin.
Despite his offer, it has been reported that victims of the scheme want the returned funds returned at the current value of their cryptocurrencies rather than the value of the initial investments. One of the victims who has since filed a police complaint against Bhardwaj argued:
Read full article at https://bitcoinnews.com/indian-ponzi-mastermind-offers-to-pay-back-investments-but-not-at-current-value/
Video https://www.youtube.com/watch?v=sXfrGQA7baA
South Korea to Establish First Blockchain-based “Proposal Evaluation System”
In a 19 July press release from the Yeongdeungpo-gu administrative district in South Korea, a new standard of administrative procedure is to be implemented via a blockchain-based “Proposal Evaluation system”.
The press release reports that this is the first time a technology of the fourth industrial revolution (4IR)has been established in the nation.
Read full article at https://bitcoinnews.com/south-korea-to-establish-first-blockchain-based-proposal-evaluation-system/
Video https://www.youtube.com/watch?v=1Tk-B6GxHoA
In a 19 July press release from the Yeongdeungpo-gu administrative district in South Korea, a new standard of administrative procedure is to be implemented via a blockchain-based “Proposal Evaluation system”.
The press release reports that this is the first time a technology of the fourth industrial revolution (4IR)has been established in the nation.
Read full article at https://bitcoinnews.com/south-korea-to-establish-first-blockchain-based-proposal-evaluation-system/
Video https://www.youtube.com/watch?v=1Tk-B6GxHoA
Billionaire Investor Mike Novogratz Says Cryptocurrency Market Cap Will Hit 20 Trillion USD
Billionaire investor Mike Novogratz commented at the Bloomberg Invest Summit that cryptocurrency’s market cap is heading towards 20 trillion USD. This would be a tremendous increase from the current cryptocurrency market cap near 340 billion USD today.
If the cryptocurrency market cap hits 20 trillion USD like Mike Novogratz expects, it would be approximately a 6000% price increase. Each Bitcoin would possibly be worth 500,000 USD in such a scenario. Although this price increase sounds huge and unrealistic, it is not unprecedented for the cryptocurrency world. Since the first Bitcoin purchase occurred in 2010, a couple large pizzas for 10,000 Bitcoins, the price of Bitcoin is up over 200 million percent. When viewed in that perspective the 6,000% increase that Mike Novogratz is called for doesn’t seem so crazy.
Read full article at https://bitcoinnews.com/billionaire-investor-mike-novogratz-says-cryptocurrency-market-cap-will-hit-20-trillion-usd/
Billionaire investor Mike Novogratz commented at the Bloomberg Invest Summit that cryptocurrency’s market cap is heading towards 20 trillion USD. This would be a tremendous increase from the current cryptocurrency market cap near 340 billion USD today.
If the cryptocurrency market cap hits 20 trillion USD like Mike Novogratz expects, it would be approximately a 6000% price increase. Each Bitcoin would possibly be worth 500,000 USD in such a scenario. Although this price increase sounds huge and unrealistic, it is not unprecedented for the cryptocurrency world. Since the first Bitcoin purchase occurred in 2010, a couple large pizzas for 10,000 Bitcoins, the price of Bitcoin is up over 200 million percent. When viewed in that perspective the 6,000% increase that Mike Novogratz is called for doesn’t seem so crazy.
Read full article at https://bitcoinnews.com/billionaire-investor-mike-novogratz-says-cryptocurrency-market-cap-will-hit-20-trillion-usd/
Latest Data Shows Bitcoin Hodlers v Short Term Traders Now Near Parity
Recent data from Chainalysis — a blockchain research company, as published in Financial Times shows that the amount of Bitcoin owned by long-term investors is now almost equaled by speculators, reports Cointelegraph.
Day trading has increased since the end of last year and the amount held by this group is thought to have risen to 5.1 million BTC according to the report compared to 6 million BTC held by investors hanging on in for the long-term, that is over a period of one year.
Read full article at https://bitcoinnews.com/latest-data-shows-bitcoin-hodlers-v-short-term-traders-now-near-parity/
Recent data from Chainalysis — a blockchain research company, as published in Financial Times shows that the amount of Bitcoin owned by long-term investors is now almost equaled by speculators, reports Cointelegraph.
Day trading has increased since the end of last year and the amount held by this group is thought to have risen to 5.1 million BTC according to the report compared to 6 million BTC held by investors hanging on in for the long-term, that is over a period of one year.
Read full article at https://bitcoinnews.com/latest-data-shows-bitcoin-hodlers-v-short-term-traders-now-near-parity/
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