Report Shows 61% of Bitcoin Controlled by Large Players: What’s the Fate of Smaller Investors?
A recent report by CryptoQuant shows that large players control 61% of all Bitcoin (BTC). The report analyzed the distribution of unspent transaction outputs by their value using the UTXO Value Bands indicator. The analysis found that mid-sized players, Dolphins and Sharks, with holdings of 100-500 BTC and 500-1000 BTC respectively, control 29.57% of the […]
Nigeria Leads Bitcoin P2P Volume After Hitting $400 Million as Ghana and Kenya Follow Closely.
Bitcoin adoption in Nigeria has taken another positive turn as peer-to-peer trading volume surpassed $1 billion between January 2022 and June 2022. This development ranks the West African country as one of the fastest-growing crypto markets in Sub-Saharan Africa. According to Paxful, a leading P2P crypto exchange platform, Nigeria recorded a trading volume of $400 […]
Weak Address Growth Suggests That Bitcoin’s Price Will Fall Below $25,000
According to the most recent data, Bitcoin (BTC) is staging a repeat of its May price action. As the dust settles on a 6% drop in BTC/USD, some argue that its ascension to $25,000 was never meant to last. The Realized Price Has Returned to Haunt the Btc Chart The latest snap losses for BTC […]
Kraken CEO Says He Will Never Bet Against Bitcoin
Jesse Powell, CEO of the leading American cryptocurrency exchange Kraken, told Bloomberg recently that he would never bet against Bitcoin (BTC), the world’s first and largest digital currency, after his previous prediction last year failed. During the 2021 boom market, when BTC peaked at $69 000 per coin, Powell predicted that one bitcoin could buy […]
As BTC drops 5% from its peak, here are the price levels to keep an eye on
After $25,000 proves to be too much for Bitcoin bulls, familiar support zones are once again in the spotlight. On August 12, Bitcoin (BTC) started to decline as a widely anticipated decline from two-month highs started to materialise. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fear that there may be a further fall? Prior to […]
Iran Accepts Imports With Crypto As Payment.
According to a local source, crypto could be part of international trade as Iran recently completed its first-crypto-funded import order. While the report did not state which cryptocurrency was used, the transaction went for $10 million. This development allows the middle-eastern country to use digital assets to make international transitions without relying on the dollar-dominated […]
Nigeria Tops the List as Most Cryptocurrency-Obsessed Nation Despite Market Crash
When the Central Bank of Nigeria clamped down on cryptocurrencies in 2021, many would have thought that would be the end of crypto adoption in the country. However, the fifth most populous nation worldwide remains highly interested in cryptocurrency, despite the ban and crash of the market in April. The market crash led to a […]
Elon Musk Claims That Dogecoin’s Total Transaction Capacity Is Much Higher Than Bitcoin’s
Elon Musk, the CEO of the American electric vehicle manufacturer Tesla, has reiterated his support for the meme-based cryptocurrency Dogecoin (DOGE). Musk stated in a recent interview that Dogecoin is superior to Bitcoin (BTC) for payment processing because “the total transaction capability of Dogecoin is much higher than Bitcoin.” Read also: Voyager Will Return $270 […]
MicroStrategy CEO Steps Down Amid Firm’s Bitcoin Loss of $1 Billion.
MicroStrategy has been one of the top organisations to invest in Bitcoin ever since it started accumulating crypto in 2020. With the leadership of its CEO, Michael Saylor, the company used cryptocurrencies to hedge against inflation. So far, the leading organisation is one of the largest Bitcoin buyers, currently holding around 129,699 BTC. In a […]
Look To The Right (LTTR) Is Now Accepting Bitcoin Payments via BTCPay Server
Bitcoin can now be used as payment by one of the most popular search engine marketers, LTTR, via BTCPay. The Raleigh-based online platform made this development known in a press release. Look To The Right (LTTR) is an NC SEO company that claims to strive to offer top-tier search engine marketing services to its customers. […]