Author: U.Today
In a recent tweet, Michael Saylor, chief executive officer of business intelligence firm MicroStrategy, has weighed in on the most recent version of the European Union’s cryptocurrency bill, which aims to limit the use of the proof-of-work consensus mechanism.Saylor described the initiative as “a trillion-dollar mistake,” channeling other prominent members of the cryptocurrency industry who have spoken out against the damning provision.the last-minute fix intended to restrict proof-of-work cryptocurrencies within the EU after the previous amendment was scrapped due to backlash. Despite the softer language, analysts concluded that it would still have a devastating impact on the cryptocurrency industry within the industry.EU…
In a recent Twitter thread, Galaxy Digital CEO Mike Novogratz shared his recent thoughts on the state of the cryptocurrency industry, arguing that crypto and blockchain have enough potential to reshape the world in unimaginable ways. He says that President Joe Biden’s much-talked-about executive order is “welcomed engagement” from the White House. Many members of the cryptocurrency industry lauded the Biden administration’s plan for regulating the cryptocurrency industry. As reported by U.Today, the order resulted in a significant spike in the Bitcoin price, but it was short-lived. The flagship cryptocurrency is currently trading below $39,000 on major exchanges. It gives…
WhaleStats tweeted that a new SHIB whale now holds a total of 442,637,867,858 Shiba Inu meme tokens. This amount was transferred to its wallet in a single transaction. This sum in crypto constitutes approximately $11,969,061. At the start of February, U.Today reported that an anonymous whale purchased even more SHIB in a single grab: 3,457,477,154,937 tokens. Back on Feb. 8, this was worth $115,998,358. More good news for SHIB is that at the moment, it is at the top of the list of assets held by the top 100 ETH whales. It is in second place after FTX Token (FTT) and, therefore, the…
With the aggravating correction on the cryptocurrency market and a global risk-off on the financial market, risky assets like Bitcoin, Ethereum and others are facing funds outflows that create additional selling pressure, with $460 million longs liquidated in the last 24 hours, according to Coinglass. As the market tracker reports, more than $460 million worth of opened positions on the various centralized exchanges were closed forcibly as the market faced the strong selling pressure that sent Bitcoin below $35,000—a price that the market saw last time back at the end of January. First place in terms of liquidated volume is Bitcoin, with $146 million worth of…
According to a recent tweet published by WhaleStats, a service that aggregates data on the top list of investors on various crypto platforms, canine crypto number two (and the second largest by market capitalization value), Shiba Inu, has seen a rise in the number of holders over the past few days. Now, the amount of SHIB investors has surpassed 1.185 million. As per the data provider mentioned above, the number of SHIB owners has increased to 1,185,135 wallets. Three days ago, on Feb. 18, this figure totaled 1,180,140. The tweet also says that now the largest 1,000 ETH wallets own 13,845,082,253,056 SHIB tokens—the equivalent of $2,291,902,599. However, a…
Chinese cryptocurrency exchange Huobi is planning to relaunch into the U.S. market more than two years after it halted operations to adhere to regulations. According to CoinGecko, Huobi is one of the top 10 largest cryptocurrency exchanges in the world by trading volume. On what it plans to do, Huobi may not establish an exchange but instead might focus on other areas such as asset management, after making mistakes the first time around. Huobi’s co-founder, Du Jun, however, did not say which business it would launch first when it returns to the United States. In addition to its efforts in the United States,…
Shiba Inu (SHIB), Audius (AUDIO), Perpetual Protocol (PERP), SKALE Network (SKL) and Injective (INJ) are now supported by Binance Custody, according to an announcement made on Feb. 20.While traditional financial institutions typically act as custodians by law, cryptocurrencies have allowed people to become their own bank to avoid any counterparty risks. However, due to the proliferation of crime within the cryptocurrency industry, institutional investor typically needs third-party custody services to safeguard their wealth instead of controlling their holdings themselves. Cryptocurrency custodians store clients’ private keys and usually offer insurance on the crypto assets they manage.Such companies as Gemini and Nuri…
An Ethereum wallet containing over $5 million worth of ETH has been activated for the first time in six and a half years as the second-largest cryptocurrency is struggling to exit a bearish trend. A dormant Ethereum wallet containing 1,947 ETH ($5.1 million) has been activated for the first time since 2015, according to Twitter account Whale Alert.Considering that the original investment was only $2,336, whoever owns the aforementioned address has made a staggering 220,799% profit. It’s not clear whether someone had such a high level of conviction or simply discovered a dusty old wallet. It’s also possible that the owner finally…
WhaleStats platform that shares data on the largest 1,000 cryptocurrency investors and the leading cryptos in their portfolios has tweeted a fresh list of crypto assets, comprising the largest parts of their holdings. Shiba Inu meme cryptocurrency is in first place, totaling 16.74% worth $1,701,965,649. FTX Token (FTT) comes second here. The FTT share in the top 1,000 ETH whales’ portfolios constitutes 16.62% and $1,689,310,186 in fiat. MATIC and LINK are also on this list, sitting in positions ninth and eighth—worth $204,337,484 and $181,170,914, correspondingly. SHIB, ADA, LINK, MATIC and DOT, aside from BTC and ETH, are also included in the top 11 cryptos held by…
According to data from WhaleStats, whales currently control 26% of the total supply. Exchange-related addresses and companies are not being counted by the tracker, which allows for determining the true percentage of large owners on-chain. With the increasing number of whales, assets tend to lose the previous volatility that was present when almost 100% of all traders on the market were short-term speculators. As the holders’ composition suggested, Shiba Inu is currently considered a mid-term asset with the majority of holders entering the asset at least six months ago. Whenever whales take control over the asset, its correction tends to stop as large wallets are continuously…