Main news
Bitcoin buying craze
Miller Value Partners’ renowned Income Strategy fund recently purchased preferred convertible bonds sold by MicroStrategy to purchase additional bitcoins.
Bill Miller IV, son of legendary investor Bill Miller, in a letter to investors, said in a letter to investors that the purchase decision was “virtually free to buy,” the most profitable asset of Bitcoin, the most profitable asset in more than eight of the last decade. ”Explained.
MicroStrategy is not the only company that has started to buy additional bitcoins. Marathon, a bitcoin mining company and NASDAQ listed company, recently bought $150 million worth of bitcoins to become a bitcoin intensive investment company for US Wall Street traders.
Cryptocurrency crime rise
As the price of cryptocurrency rises and cybercrime and cryptocurrency ransom crime rise, Shearon Martin, former chief of state cybersecurity for the UK, said a new law may be needed to prevent the phenomenon.
According to the British Guardian, insurance companies are increasingly paying hackers so-called “ransom money” for customers targeted by ransomware attacks, and this is signaling that criminals can get as much ransom as they ask for. . Cryptocurrency media Decrypt reported in detail the full story of two recent cryptocurrency-related hacking cases.
Bitcoin Core, The road to decentralization
Waldimir Vander Raan, head of Bitcoin Core, has decided to step out of the front line. In a blog post last week, Raan explained that he made this decision to decentralize the Bitcoin Core project by reducing the influence of community leaders.
Raan, who described himself as a “centralized bottleneck,” said it was urgent to come up with an alternative to the private website bitcoincore.org, which contains the basic code of Bitcoin.
“If there is one thing for sure, as much as the weight of the Bitcoin Core project, decentralization should also be considered seriously.” -Waldimir Vander Raan
Brief news
Market trend
Ethereum’s cryptocurrency Ether (ETH) continues to rise. In particular, as investors search for assets other than Bitcoin, the demand for Ether is growing. Ether, the world’s second-largest cryptocurrency in terms of market capitalization, once traded at $1454.32 each yesterday, breaking the declared price. The price is up 90% from a year ago.
As a result of the active purchase of Ether by major institutional investors, the price of Ether appears to continue to rise. In particular, the number of whale wallets containing more than 10,000 Ether reached 1103, the highest in 13 months as of the 23rd. Only this month, the number of whale wallets increased by 35, and from mid-November last year, the number of whale wallets increased by 75.
As the price of Ethereum has risen, more investors are buying Ethereum on a small scale. The number of wallets containing even a little bit of Ether and the number of wallets containing at least 0.1 pieces were all at record highs.
How will the situation where you and I buy Ether affect the supply of Ether? In fact, some analysts are concerned that the supply could be a problem. These are based on data that the amount of Ether in exchange wallets is the lowest since October 2019.
Trader and analyst Alex Kruger said, “If Ether exits the exchange during an explosive bull market, the supply will decrease as much, and in the so-called supply crisis, prices can skyrocket. Above all, it seems clear that institutional investors and big players are buying Ether.” Said.
The price outlook for Ether is bright as there are many good news expected in the future. Next month, the Chicago Commercial Exchange (CME) will launch Ether Futures, and the Ethereum blockchain is smoothly progressing a protocol upgrade that converts the protocol consensus method required to verify transactions from the existing proof-of-work to proof-of-stake.
· Translated by NewsPeppermint.
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