Main news
Most Bitcoin activated wallets ever
Last week, the number of active bitcoin wallets exceeded 1.3 million on a daily basis, the record high beyond the cryptocurrency boom in 2017. The active wallet refers to the address of the wallet where bitcoins are in and out of participating in transactions.
The trading volume also broke the record three years ago, led by individual investors, and drew a similar trajectory. Here are some of the processes that Bitcoin has gone through from the 2017 bull market to the recent bull market, and the stories of those who could be called “Original Gangsters (OG)” of the cryptocurrency industry who made big money with Bitcoin in the past. .
Cyhub becomes impossible to censor
Sci-Hub, a duplicate academic database that offers free access to over 50 million papers, has been launched on the Uncensorable Handshake Network. Cyhub has been constantly fighting attempts to revoke domain names or eliminate their existence from the web.
But now, Cyhub can be protected by Handshake’s distributed domain name scheme. In a situation where Twitter, Amazon, and Facebook are trying to directly censor and control content unprecedentedly after the recent raid on the US Capitol, Cyhub’s attempt to decentralize the underlying protocol of the Internet is even more prominent.
New York Digital Investment Group joins fintech companies for banking
New York Digital Investment Group (NYDIG), a digital asset management company, is working with US fintech company Moven to provide an environment suitable for banks seeking to launch bitcoin products. It is analyzed as a result of the recent approval of the U.S. Currency Supervisory Service (OCC) to allow banks to entrust cryptocurrency and make payments and other activities with stablecoins.
Brief news
- Bakkt Holdings, which will be listed soon, predicts that the cryptocurrency market will grow to $3 trillion by 2025.
- IMVU, a digital avatar social platform called IMBU or Imview, launched a digital token called VCOIN on the 12th.
- Nexus Mutual, an Ethereum-based DeFi insurance service, expands its decentralized insurance service to centralized exchanges.
- How do institutional investors hide millions of dollars worth of Bitcoin purchases?
- People who lost their passwords and freeze millions of dollars worth of Bitcoin assets
- Aragon One’s CEO Jorge Izquerdo resigned in response to issues decided during his absence.
- Why Coinbase often loses power during Bitcoin bull market
- Korean game giant Nexon has denied media reports regarding its plans to acquire Bithumb.
Market trend
Bitcoin bull market, It’s not over yet
Despite the fact that the price of bitcoin fell by 20% on the 11th to $3,305, bitcoin option traders had a strike price of $52,000, $64,000, and $72,000. It continued to purchase option contracts, suggesting that the bull market was not over. Currently, Bitcoin is trading at the $33,000 mark, down a lot from last weekend, when it exceeded $40,000.
· Translated by NewsPeppermint.
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