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BITCOIN PRICE: 3,208.77     HIGH: 3,280.97     LOW: 3,135.55

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Blockchain Day Emirates • December 15, 2018

Blockchain Day Emirates – is an event that brings together the world’s leading visionaries, innovators, and thinkers to explore new…

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Tag: whales

While You’re Pouting about Crypto Prices, Whales Are Accumulating Billions

Category: Bitcoin, Blockchain, Finance, Investment, News, Platform, Tech

While You’re Pouting about Crypto Prices, Whales Are Accumulating Billions

Active trading whales have accumulated more in 2018 than any period in the Ethereum’s history despite the ongoing bear market, holding a fifth of Ethereum’s total circulating supply, Diar reported on December 3, 2018. Ethereum Whales Accumulate Billions The current bear market that has plagued the crypto industry since early November doesn’t seem to have affected Ethereum’s biggest whales. According…

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Report: Bitcoin Whales not Responsible for Destabilizing Cryptocurrency Markets

Category: Altcoins, Bitcoin, Business, Investment, News, Platform, Tech

Report: Bitcoin Whales not Responsible for Destabilizing Cryptocurrency Markets

Contrary to the popular belief which posits that “crypto whales” are the prime culprits for digital currency market volatility – a new study published on October 10, 2018, by blockchain research firm Chainalysis suggests that cryptocurrency’s largest holders are a diverse set of individuals that help in stabilizing the nascent market. Bitcoin Whales not to Blame for Volatility A couple…

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Research: Bitcoin “Run” by an Influential Group Holding Large Amounts of Cryptocurrency

Category: Altcoins, Bitcoin, Blockchain, Commentary, Crime, News

Research: Bitcoin “Run” by an Influential Group Holding Large Amounts of Cryptocurrency

A study has revealed the possibility of a hidden group of users in the Bitcoin network control a majority of the digital asset. This closed group also completes most of the transactions in the network. Past studies have also highlighted the majority holdings of the digital currency lie in the hands of a few people. Bitcoin Run by an Oligarchy? Bitcoin is…

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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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