Bitcoin has been experiencing a rebound in price following the downfall of FTX. Recently, it has crossed the $40,000 milestone after a remarkable surge of over 150% in value this year. As a result, the number of Bitcoin addresses holding at least $1 million has seen a staggering increase of more than 220% in 2021.
Based on information from Bitinfocharts, as reported by Benzinga, there are currently more than 90,360 addresses with millionaire status in terms of Bitcoin holdings. This means that the number of addresses containing over $1 million worth of the primary cryptocurrency has experienced a remarkable surge of 221% since the beginning of the year.
Likewise, there has been a significant increase in the number of Bitcoin addresses holding BTC valued at $10 million or higher. At the start of the year, there were approximately 3,800 addresses with such a value. However, as of now, the number has surged to around 7,500 addresses.
The surge in the number of Bitcoin millionaires can be attributed to the exceptional performance of the flagship cryptocurrency compared to other asset classes this year. This impressive performance has been fueled by growing expectations of a potential launch of a spot Bitcoin exchange-traded fund (ETF) in the United States.
As CryptoGlobe reported, major financial powerhouses that collectively manage an astounding $27 trillion in assets are making inroads into the world of Bitcoin and cryptocurrency after a race to list the first spot Bitcoin exchange-traded fund (ETF) in the United States kicked off with a filing form BlackRock, the world’s largest asset manager.
It's worth noting that the $27 trillion figure represents the total assets under management of the mentioned institutions. Only a tiny portion of this colossal amount is expected to be allocated towards cryptocurrency investments.
As of now, Bitcoin is being traded at $42,600 after experiencing a slight decline in value during the holiday season. This is primarily due to lower trading volumes typically observed during the end-of-year break.
Notably, the Bitcoin network’s mining power, known as the hash rate, has recently reached a new high of 544.6 EH/s.
ZK International is adopting cryptocurrency payments, starting with Bitcoin, to improve transaction speed and reduce costs for global trade. This move aims to simplify cross-border payments and provide a more efficient and flexible financial system for its international partners.
WeatherlyBhutan’s Bitcoin reserves have now crossed $1 billion, positioning the nation as one of the top holders of cryptocurrency.
XingChiHe shared that he first stumbled upon cryptocurrency a few years ago and immediately piqued his interest. After doing his own research on it, he decided to do a little bit of personal investment on crypto.
XingChiRoman Sterlingov, founder of the Bitcoin Fog crypto mixer, was sentenced to 12.5 years in prison for laundering over $400 million linked to illegal activities. He was also ordered to forfeit $395.5 million and his share in a Bitcoin wallet holding 1,345 BTC, worth over $103 million.
WeatherlyThe National Center for Public Policy Research is warning Microsoft that they could potentially be looking at a lawsuit if they decide to not invest in Bitcoin and the prices of Bitcoin increase.
XingChiWith Trump emerging victorious, the community is watching closely to see if Trump keeps to his promises.
XingChiBitcoin is outpacing traditional assets like gold due to increasing adoption by individuals and institutions. With political backing and a surge in value, it’s gaining traction as a reliable store of value, alongside stablecoins for everyday transactions.
JoyThe crypto industry has invested heavily in the 2024 US election, with companies like Coinbase and a16z donating millions to support pro-crypto candidates. In total, the sector has contributed over $133 million to super PACs backing crypto-friendly policies.
AnaisColorado residents has been receiving calls from "Sergeant Schilling", coercing victims to pay a $10,000 fine for missing their jury duty.
XingChiLu Lei, vice-governor of the People’s Bank of China (PBoC), has just offered an unexpected tribute to Satoshi Nakamoto
XingChiThe Japanese yen exchange rate has plummeted in recent years. Since April, the listed company Metaplanet has announced several times that it has purchased large amounts of Bitcoin. These frequent actions are believed to be imitating the US company MicroStrategy.
JinseFinanceThis change is happening not just with startups and innovators but also with traditional businesses, with companies like the UK’s Fnaility tokenizing central bank deposits and China’s digital yuan already having 260 million wallet users.
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Huang BoJinseFinanceCommissioner Kristin N. Johnson said that the regulator is monitoring crypto clearinghouse LedgerX on a “daily if not hourly basis.”
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