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Dogecon • June 21-24, 2018

Dogecon Vancouver 2018 is a weekend celebration of the social layer of crypto culture, embracing memes and tweetstorms as the…

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Tag: whales

Not So Decentralized: A Third of Entire Bitcoin Market Cap in 1,600 Wallets

Category: Altcoins, Bitcoin, Commentary, News

Not So Decentralized: A Third of Entire Bitcoin Market Cap in 1,600 Wallets

A report from Chainanalysis, a blockchain research company, suggested a tiny group of 1,600 wallets own a third of the entire bitcoin market cap, amounting to about $37.5bn. Potential to Disrupt Market In April 2018, about 1,600 wallets were containing over 1,000 bitcoin (BTC), roughly $7.5 million each, amounting to a total of $37.5 billion. This mysterious group of investors…

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