ICYMI: Number of bitcoin whales spikes as sanctions on Russia bite
Rafael Schultze-Kraft, CTO at data provider Glassnode, told The Block that the data spike doesn't necessarily show investors are accumulating bitcoin. It's more likely to be related to a WBTC custodian moving a large portion of their funds into new addresses.
The figure increased by nearly 5% to a total of 2,226 on February 28, according to data tracked by analytics site Coin Metrics. It has not been that high since June 2021. The Block Research’s own data also shows small but sharp increases in the number of addresses with bitcoin balances worth more than $1,000, $10,000, $100,000, $1 million and $10 million . But based on the data, it is the very largest wallets that are proliferating at the fastest rate.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Number of bitcoin whales spikes as sanctions on Russia biteThe number of addresses with hoards of more than 1,000 bitcoins has surged by 4.65% in the last day.
Read more »
Russia-Ukraine live updates: Ukraine, Russia at Belarus border for talksLATEST: As Ukrainian and Russian delegations meet for talks, an immediate ceasefire and a “neutral status” are the key items to be discussed, officials say.
Read more »
Russia-Ukraine live updates: EU announces strict actions against RussiaA massive blaze engulfed an oil depot in a small town near Kyiv, Ukraine, amid the ongoing Russian invasion of the country.
Read more »
Russia, Ukraine meet for talks; Russia shells Ukraine's second-largest city: LIVE UPDATESBelarus may join the Russian invasion of Ukraine, which entered its fifth day on Monday. Fighting in the streets has engulfed Ukraine's second-largest city, Kharkiv, and Russian troops are encircling Ukraine's capital city, Kyiv.
Read more »
Russia-Ukraine war live updates: Russia under war crimes investigation as peace talks stallCanadian PM Trudeau says Canada is sending antitank weapons systems and 'upgraded' ammunition to Ukraine as it fights Russia's invasion.
Read more »