Swiss Financial Regulator, FINMA, Licenses Local Bank To Carry Out The Crypto Transactions

Switzerland’s top financial regulator, Financial Market Supervisory Authority (FINMA) grants local banks, InCore, the first license to transact digital currencies. This adds to the accelerated efforts from the Swiss government in the blockchain field so far in 2020 with the government looking to implement a central bank digital currency (CBDC).

InCore, first Swiss bank licensed to transact crypto

In an official announcement released on Friday, May 29, InCore bank confirms its FINMA license allowing it to process digital currency transactions. This makes it the first business to business Swiss bank mandated to operate within the crypto industry opening up a gateway for customers across the globe.

The license allows institutional-based clients banking with InCore bank to buy, sell, trade, hold and transfer digital assets on their accounts. Opening up crypto transactions aims at promoting the overall development of blockchain-based payment systems to increase efficiency, reduce cost, and enhance transparency in the financial system.

Speaking on the new license, CEO of InCore Bank, Mark Dambacher, says the demand from customers for digital assets pushed the addition of the services. The bank aims to provide world-class services for its customers “without having to invest in infrastructure and new processes themselves”. He added,

“And this while maintaining the usual security standards. This is how we build a bridge to traditional asset classes.”

The bank recently announced its “Digital Services” division that will work on the strategic development of these new crypto transaction systems. The bank aims to separate and secure the crypto wallets differently according to Daniel Blatter, InCore bank Head of Digital Services,

“We guarantee the complete segregation of crypto customer assets on individual wallets, which means that the bank’s own capital requirements are not required.”

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Author: Lujan Odera

Chainlink’s Gas Consumption Keeping ‘Rock Solid’ at 1% Despite the Jump in Feeds & Nodes

The 12th largest cryptocurrency by market cap is currently seeing gains of 3.53% while trading at $4.24, with the rest of the crypto market.

It is one of the top cryptos that is up over 120% in 2020 so far in comparison to Bitcoin’s 30% return.

These gains also coincide with the slight uptick in its daily active addresses. These addresses have been trending up since the past year, as per the Santiment data.

ChainLink-santiment
Source: Santiment

The LINK holders also don’t have any intention of selling their tokens in the near future. The top 1% of LINK holders has actually grown by about 25% in the past year.

The holders are withdrawing from exchanges. In December 2017, it saw its biggest transfer to exchanges from 8.6 million to 125 million LINK.

Since a year back, it has been on a constant decline, currently around 70 million. They are either hoarding them or using them in Chainlink smart contracts for off-chain data which has grown by 1.3% YTD.

Chainlink is a decentralized network that provides price feed data to other blockchain networks. It basically provides a solution to the “oracle problem” through off-chain data.

This Ethereum-based platform has been consuming 1% of all gas since mid-March. The percentage of block space gas being consumed by a protocol shows just how much stress an application is putting on Ethereum’s bandwidth.

At Chainlink’s mainnet launch, when it was just with a single price feed (ETH/USD) and three nodes, it consumed 0.33% of Ethereum’s daily available bandwidth. Over 2019, it rose to 3.5% as the price feed spiked to two including BTC/USD with each having 21 oracle nodes.

During Black Thursday, this peaked at 6% when ETH fees skyrocketed only to now remain “rock solid” at 1% despite there now being over 30 price feeds. This could be because of “Chainlink networks moving to a deviation based schedule,” shared ChainLinkGod and CryptoSponge.

In order to create a sustainable oracle network, rewards paid to Chainlink nodes need to be higher than the costs spent by them in delivering the external data on-chain.

Now, because the Ethereum gas fees have been higher than normal lately, the profitability of these nodes has been declining.

chainlink-gas
Source: ChainLinkGod

Each price feed pays a different amount of LINK rewards to nodes depending on the security of a particular network.

And out of all the price feeds, ETH/USD and BTC/USD are the highest paying ones, which are in high demand by DeFi applications and contain higher levels of decentralization than most networks.

Initially, 33.33% of the total daily payments were paid to the Chainlink core team’s node which has since dropped to just 1.34%.

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Author: AnTy

Samsung’s New EAL 6+ SE Chip For Mobile Devices to Enhance Security for Crypto Transactions

Samsung, the South Korean tech giant who boasts of a significant global market share in the smartphone business has announced a new turnkey security solution chip meant to secure crypto transactions on mobile phones.

The new chip comprises of Secure Element (SE) chip (S3FV9RR) and security software to facilitate secure storage and transactions of crypto payments.

The security chip comes with Common Criteria (CC) EAL 6+ certification which is considered among the most robust security standards primarily used for devices and applications with the highest requirement of security standards like hardware crypto wallets.

The security chip’s biggest advantage is that it can work independent of the mobile device, so even in case the device has been hacked, the chip would keep the assets secure and out of the reach of the scammers. Dongho Shin, senior vice president of System LSI marketing at Samsung Electronics commented on this:

“In this era of mobility and contact-less interactions, we expect our connected devices, such as smartphones or tablets, to be highly secure so as to protect personal data and enable fintech activities such as mobile banking, stock trading and cryptocurrency transactions. With the new standalone security element solution (S3FV9RR), Samsung is mounting a powerful deadbolt on smart devices to safeguard private information.”

As the popularity and use of crypto assets are growing with each passing year, mobile manufacturers have found a keen interest in this nascent market. Samsung started offering crypto wallet support in its flagship Galaxy devices from the past two years and now have decided to introduce a stand-alone SE security chip which meets the highest security standards.

Similarly, HTC is another mobile manufacturer that has gone one step ahead and introduced blockchain centric mobile devices with the capability to run a full node and even mine cryptocurrencies.

Samsung’s Growing Interest in Blockchain and Cryptocurrencies

The SE security chip is expected to hit the market by the third quarter of 2020, and the announcement made specific mention of crypto transactions security for a key use case for the highly secure S3FV9RR chip.

Samsung’s interest in decentralized tech and cryptocurrencies is not just limited to offering crypto wallet support and secure crypto transactions, in fact, the tech giants have made several investments in DLT-based startups.

The latest being the partnership between Samsung Pay and Crypto Visa Card platform Swipe which would enable cryptocurrency payments to be made using mobile devices by Samsung Pay users.

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Author: James W

This One Cryptocurrency is in Beast Mode; MainNet 2.0 Launching In 4 Hours

The hottest cryptocurrency in the market today is the Theta Token (THETA) for several reasons.

In the past five days, the price of THETA surged by more than 100% to hit an all-time high of $0.555 today. It also surged over 1,000% from the March crash.

But since then, the price has dropped 30% and is now gradually coming back down to a normal level, currently just under $0.40.

“THETA going beast mode people are thirsty for the pump,” tweeted trader MoonOverlord about the tremendous percent of increase in the price of the cryptocurrency.

This jump in price has the THETA moving to the 30th rank, up from 57th place earlier this month.

“The THETA 1m chart looks like it’s gone through 4 market cycles in the last 12 hours,” said trader Hsaka.

Theta Token is a native asset of the Theta Network whose on-chain operations are powered by another token Theta Fuel (TFUEL). The hard fork will inflate it by 5% and create bigger rewards for stakers.

In the past week, TFUEL price also spiked 300% and 540% in the past month. Ranked 101st, TFUEL is currently down 24% at $0.012.

Mainnet 2.0 Launched Today

Launched in January 2018, Theta Networks a blockchain protocol for improving the quality and reliability of streaming video content.

Its tokens had such a massive rally in the past week all thanks to the launch of Mainnet 2.0 today. In anticipation of the mainnet 2.0 launch, the network was already seeing growth with the on-chain transactions more than doubled the past week.

Also, the Edge Nodes passed 1,821 active nodes that are relaying video streams over the Theta Network to their peers, “creating the global edge network that will power video delivery for platforms around the world.”

All this anticipation and rise in price has the token buzzing on social media, making it the most talked-about blockchain projects after BTC and ETH.

Collaboration with Google

The video delivery network powered by a new blockchain and distributed ledger technology also announced today that Google Cloud is teaming up with Theta Labs. Allen Day, Developer Advocate for Google Cloud said,

“We’re impressed by Theta’s achievements in blockchain video and data delivery.

We look forward to participating as an enterprise validator, and to providing Google Cloud infrastructure in support of Theta’s long-term mission and future growth.”

Google Cloud has joined Theta Network’s Enterprise Validator Program along with the leading spot cryptocurrency exchange Binance, Blockchain Ventures, and gumi.

Yesterday, Binance Futures also launched THETA/USDT perpetual contract with up to 50x leverage with its trading opening on May 27th, 2020 at 08:00 AM (UTC).

The guardian nodes that are available to the public who earn a share of all the new Theta Fuel (TFUEL) generated on Theta blockchain for running it will act as an extra layer of consensus.

Theta is also planning to collaborate with Google’s machine learning, big data initiatives, and artificial intelligence. Not to forget that Google also owns YouTube and which is important for Theta and would make it easier for them to experiment without having to rely on external platforms like AWS.

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Author: AnTy

Crypto Pump and Dumps Back in the Market; ‘Coinbase Effect’ Is Showing Signs Again

The crypto market has yet again seen the signs of a pump and dump.

Not that they have been completely eradicated from the market since the 2017 bull market but in the past few years as the market corrected and then consolidated, the blatant pump and dumps took a rest.

There have been cases of traders on Twitter dumping the coins on their followers, but last week, saw the infamous pump and dump caused by the listing on prominent exchanges.

The US-based Coinbase has been notorious for giving the prices of crypto a pump in anticipation of their listing on its platform.

Over the past few years, this “Coinbase Effect” was very popular only to break its winning streak with XRP. But the latest ones have been feeling the effects.

Coinbase Effect is Back

With the announcement of OmiseGo (OMG) listing, the market experienced the comeback of pump and dump schemes.

On May 21, Coinbase announced that it is launching OMG on its platform and Android and iOS apps.

“OMG continues to predictably rise as the Coinbase Pro listing effect continues to draw in new investors,” said Santiment.

Coinbase’s announcement led to a large rise in its daily active addresses and skyrocketing of social volume which brought in “a tremendous amount of FOMO.”

OMG prices started surging on May 19, when it was trading at $0.96 to $1.19 on May 20th. Then on May 21, OMG went parabolic, going to over $2.15 from $1.11 the previous day, jumping 93%.

OMG Prices in the past 3 months

The first day of OMG trading, analyst Matt Casto found a “ridiculous” amount of premium 82.34% on the prices of OMG on Coinbase and Binance.

“If you bought 1 BTC worth of OmiseGO in May 2018 it would have been worth about 0.04 BTC last week. If you bought 1 BTC worth of OmiseGO last week it would be worth about 1.6 BTC now,” said Francis Pouliot.

Currently trading at $1.66, OMG prices are heavily down 94% from its all-time high hit in 2017 bull rally.

Interestingly, Coinbase was accused of insider trading back in 2017 when it listed BCH. Just after minutes of trading, the exchange suspended its operations. A class-action lawsuit was also filed and the judge ruled the “incompetence born of haste.”

AVA made a New ATH on Binance Merger

Another token to pump last week was Travala (AVA) which soared to its all-time high at $0.492 on May 20th, the day Binance announced the merger with the travel booking service provider.

AVA prices started surging a week before that. Around that time, on May 13th AVA deposits and trading went live on Poloniex, a crypto exchange acquired by Tron founder and CEO Justin Sun.

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Author: AnTy

Stansberry’s Eric Wade Talks Next BTC Bull Run, Cryptocurrency Masterclass

Crypto Market Set for the Next Bull-Run Following the Bitcoin Halving Cycle Per Stansberry Analyst Eric Wade

Eric Wade, who works with established the Stansberry Research Group, recently opened up his own Cryptocurrency Masterclass to share insights about his Crypto Capital research service.

In addition to the Stansberry Research Cryptocurrency Masterclass program, Eric Wade also shared recent insights on the next crypto market bull run following the recent bitcoin halving cycle. According to the financial analyst, the crypto market is geared up for another bull-run due to a number of specific reasons outline in his post and Crypto Capital service. In a recent analysis, the former Wall street banker (who sold the WallStreet.com domain name for $1 million) has said that the crypto market is set to experience a big change which only a few have spotted as of now, especially as the BTC price shaved off nearly $1,000 in the past week.

“It’s like an oncoming train that you can’t see yet. There’s a thrum in the air. And the rails are starting to vibrate.” reads the post.

In his view, the new bull-run will be accelerated by big institutional players like hedge funds and Venture Capitalists who flocked the market after Bitcoin rallied to $20,000 back in 2017. In addition, the crypto market appears to have followed a certain pattern over its decade of existence. Wade speculates that the market has been consolidating since 2018 and is likely to hit new-highs very soon as per the cycle.

Aside from his recent rundown of the catalysts of the emerging cryptoasset class, Eric Wade’s Cryptocurrency Masterclass with Stansberry Research is meant to be a course that shares everything you need to know about bitcoin and cryptocurrencies for 2020 and beyond. The former Merrill Lynch financial manager, who apparently turned $7 investment into $1 million gain, is now focused solely on the crypto markets and educating the newcomers joining the ecosystem from all around the world.

The Bull Factors in Crypto Markets

As expected, an upward shift in market prices has to be supported by fundamental factors. Wade has since highlighted that the recent BTC halving is one of the factors that might cause a significant price shift. Previous BTC halving’s in 2012 and 2016 were characterized by an accumulation period followed by big bull markets. According to Wade, the shock in supply is met by an upward shift in Bitcoin prices. While it is still early to feel the May 2020 halving effects, Wade is optimistic that the trend will replicate itself.

Other than the halving, governments have been exposed by the COVID-19 pandemic. Today, quite a number have printed huge sums of money which seems to be eroding the confidence in them. Tesla founder, Elon Musk, has said on twitter that central banks recent behavior has made Bitcoin ‘look solid by comparison‘. Wade, who is opening up the Crypto Masterclass with Stansberry Research, is a long standing advocate for bitcoin and many major altcoins. Having wrote pieces ranging all over the crypto ecosystem: such as ‘How Bitcoin Will Survive the U.S. Government’ or ‘Become a Blockchain Expert in Less Than Four Minutes’ – Eric is a forward facing researcher who will detail everything there is to know about the program and his Crypto Capital research service for aspiring investors looking to get a formal education about how bitcoin works and why cryptocurrencies are set to change the future of finance.

Furthermore, the masses are moving towards paperless money in a bid to keep the pandemic at bay. It is no surprise that large retailers have heeded to the FinTech call with some like Starbucks accepting Bitcoin. Wade predicts that the next bull-run will see the crypto market cap increase tenfold into a trillion plus league (the current all time high is when it reached $838 Billion back in January 2018 and sits at $250 Billion today):

“When the next bull market begins, crypto’s userbase will grow by 10 times or more… the industry’s entire market cap will balloon into the trillions… and many cryptos could soar thousands of percent.”

Wade, who is releasing the Cryptocurrency Masterclass with Stansberry Research just after the third bitcoin halving, went on to put some virtual respect on his bitcoin is digital gold perspective:

“Many investors see bitcoin as a store of value, or “gold 2.0.” But bitcoin isn’t just “digital gold.” It has far bigger upside right now. Its supply can’t be artificially increased because it’s not issued by a central bank. In other words, bitcoin prices aren’t set by a narrative, but by supply and demand… And that demand has come roaring back…Plus, as we said… the latest halving is something that has only happened twice before. And both times, it sent bitcoin soaring.”

A simple but humorous questions is, where is he wrong?

Bitcoin’s Prospects

Despite the skepticism, BTC has survived the odds as a living breathing entity for the past 136 months straight. Since Satoshi’s release of the blockchain-based bitcoin network software system on January 3, 2009, to its third halving cycle of thirty three scheduled, Bitcoin with a capital ₿ is outperforming all other asset classes in the last ten years. Some now tout it as the ‘digital gold’ or ‘gold 2.0‘; this narrative has caused a surge in demand recently as more people acquire a part of this leading crypto asset.

One thing is for certain, a long-standing early-day adopter and now leading bitcoin finance researcher, Eric Wade, by way of Stansberry Research, has put together the Cryptocurrency Masterclass to present his Crypto Capital newsletter research service. The aim is to help educate, inform and support those who see the advantage of staying cutting-edge relevant about the future of Bitcoin’s optimistic outlook as a blossoming force within the financial hierarchy of the world’s economical backbone.

Looking back, the first halving in November 2012 was followed by an 8,000% spike in Bitcoin’s price within the course of 2013. It was initially trading at $12 but had jumped to $994 by the end of 2013. This pattern was repeated in 2016 when the coin soared 2,900% to trade at $20,000 in 2017 from $650. While the stats point to a likely replication, the volatile nature of crypto markets has always taken us by surprise and only time can tell where the wind will blow.

To find out more on the Stansberry Research Cryptocurrency Masterclass by Eric Wade, go watch and read what the bitcoin advocate, analyst and crypto aficionado has in store today.

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Author: Andrew Tuts

US Based BitGo to Provide Custodian Services to India’s Largest Crypto Exchange CoinDCX

BitGo, a crypto custodian service provider based in the U.S, is expanding its market share with Indian crypto exchange, CoinDCX, as the new client. According to an announcement by CoinDCX, they will be leveraging BitGo’s secure storage as well as partial insurance for the cryptocurrencies traded within its ecosystem.

The move is set to benefit both entities given the recent reversal on the provision of banking-based services to crypto-based firms in India. A decision by India’s Supreme Court earlier in the year gave hope to the long-starved industry which had been denied banking services. BitGo’s Chief Revenue Officer, Pete Najarian, noted that this formality presents an opportunity to move towards professionalism,

“With the recent uptick in trading volumes on Indian exchanges, the need of the hour is for professionalization in the form of fund security in the crypto market,”

BitGo’s Custodial and Insurance Service

Najarian went on to further note that BitGo’s involvement in the CoinDCX custodial operations will provide the exchange’s users with added value and assurance. BitGo has in the past claimed to be responsible for processing over 20% of BTC transactions. Notably, the firm’s insurance provision covers up to $100 million in value. They are able to achieve this via a group of insurers in the European Marketplace and Lloyd’s of London.

CoinDCX will, therefore, have some of its traded funds insured under BitGo’s provision. This includes those held on the platform’s lending service, DCXLend.As for the secure crypto storage, BitGo will distribute the digital assets in segregated hot and cold wallets and omnibus.

Market Prospects

BitGo has made some significant milestones in the recent past; the firm’s current clientele includes popular crypto exchanges like LGO Markets and Bitstamp. Back in February, BitGo scaled its services to institutional-level crypto trading and rolled out a lending service in early March. In addition, they established two independent crypto custodians in Germany and Switzerland.

CoinDCX, on the other hand, is riding on India’s crypto-friendly environment for exponential growth. The platform’s trading volumes grew by 47% in Q1 with daily active users surging by 150%. Adding a lending service called Dcxlend as well as partnered with OKEx to offer leveraged futures in India. Sumit Gupta, the company’s co-founder, and CEO, however, told Cointelegraph that financial institutions are still reluctant to fully supporting crypto ventures,

“Despite the Supreme Court’s ruling, regulation of the cryptocurrency sector within India remains vague—with limited clarity as to what frameworks are likely to emerge in relation to emerging technologies.

This has led to a degree of continued hesitancy for traditional actors to engage with actors within the cryptocurrency and digital asset space.”

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Author: Edwin Munyui

Ripple’s ODL Helps Bitrue Exchange Expand Is User-base Due to Use In Cross Border Payments

Bitrue, a crypto exchange based in Singapore, is gradually gaining market share from the XRP community. The exchange’s approach to have XRP as its base cryptocurrency seems to pay off given the value proposition in financial services by this token. Curis Wang, the CEO of Bitrue, also said that their design is indeed unique which sets them apart from peer competitors.

“our connection to XRP’s highly-engaged community differentiates us from the thousands of other exchanges out there.”

A post by Ripple on May 13 has since highlighted this success and its potential in scaling up for future solutions. Wang specifically noted that XRP presents an opportunity to grow Bitrue’s crypto exchange platform as the industry moves towards scalable and practical initiatives,

“XRP’s role in solving problems with cross-border payments is a perfect use case that will drive growth, which is why Bitrue decided to make it the central asset of our exchange.”

Though currently a good strategy, Wang initially faced a hard time in convincing the Bitrue team to settle on XRP. This is because it defies the norm, whereby BTC is the base asset in most crypto exchanges which made it harder to persuade clients as well. He has, however, been able to change the narrative based on the idea of on-demand liquidity in cross-border payments.

In addition, Bitrue’s interaction with Ripple’s community has helped them gain new insights and support. The exchange now enjoys a wide XRP user base with over 77 pairs as of the end of 2019. Notably, its services were also expanded recently to feature crypto loans on assets like BTC and Tether by staking XRP as collateral.

Wang is optimistic that Bitrue will continue to grow as on-demand liquidity surges within international payment networks,

“As more people turn to on-demand liquidity for faster, cheaper global payments, Bitrue will grow alongside the increasing use of XRP”

Here is the full video of the interview:

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Author: Edwin Munyui

Binance Invests in Indonesian Regulated Crypto Exchange, Tokocrypto, Driving New Initiatives

Binance is ready to bet on the Indonesian crypto market, as it has made an undisclosed investment in Tokocrypto, a crypto exchange based and regulated in Jakarta.

On Tuesday morning, Binance announced it’s going to put funding into Tokocrypto, for this exchange to build new products and offerings, improve its tech stack and expand its customer base.

Tokocrypto launched back in 2018. Since then, it became the first business of its kind to obtain a 2019 business license from Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI).

What’s Indonesia’s Stand on Crypto?

As far as digital assets, Indonesia has enforced strict laws. Crypto is not a way of making payments in the country. In contrast, the new regulations from early 2020 have had investors putting up a rather high minimum capital if they want to trade with crypto derivatives.

However, it seems there are a few holes in the governmental regulation when it comes to crypto trading in Indonesia do exist. While no unbiased reports are revealing the details of the Indonesian crypto market, a Reuters report from early 2020 says the country’s crypto market is as big as the stock market here.

Here’s what Changpeng CZ Zhao, the CEO and co-founder of Binance had to say about this and the Tokocrypto investment:

“Indonesia will become one of the leading centres of the blockchain ecosystem in Southeast Asia. Our investment in Tokocrypto will allow us to explore exciting new opportunities together for the Indonesian market with a regulated local partner to enable the freedom of money further.”

Huobi Also Made a Move-in Indonesia

Binance’s competitor Huobi was the first big exchange to begin operating on the Indonesian crypto market by establishing a local branch in 2018. Binance’s arrival is more recent and started after the Indonesian rupiah currency had been added last month to Binance’s peer-to-peer (P2P) platform. By investing in Tokocrypto, Binance gains exposure to the crypto scene in Indonesia, yet without having to go through regulatory requirements.

The Investment Sum Hasn’t Been Disclosed

While the sum for the investment Binance made in Tokocrypto hasn’t been revealed yet, at least the purpose of the funding is known. As mentioned earlier, new services, products and technological improvements are going to be promoted, together with a blockchain education initiative and national expansion.

Tokocrypto has already been backed by the Singapore-based investment and asset trading firm QCP Capital. Its advisory board has Darius Sit and Joshua Ho from QCP Capital, also Digix’s Shaun Djie, sitting as members. Besides, the exchange collaborates with PPTAK, the Indonesian financial intelligence agency, trying to partner up further with other industries’ players.

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Author: Oana Ularu

BTC Network Indicates ‘Bearish Momentum’ But the Risk of Price Dump ‘Substantially Reduced’

Last week, Bitcoin’s price branched the key level $10,000 twice that had the market sentiments turning to “greed” from “extreme fear,” which has been in the market since February.

But now that we are below $9,000, the market has gone back into “fear,” as per Crypto Fear and Greed Index.

With block reward halving just a few hours away, the market is not exactly screaming bullish.

According to the actionable signals of IntoTheBlock, the market is in “bearish momentum.” These signals include the network not growing as fast as it has been the past few weeks.

Also, the accumulation by large holders has dropped just like the large transactions, those with over $100,000 value. Moreover, the price drop has less percentage of addresses in the money.

Although bearish momentum, the rise of a halving price dump has been “substantially reduced” by the current COVID-19 crisis, rather it has “potentially set up a Bitcoin bull market,” said Binance in its latest report.

Post halving, “a wave of profit halving” is expected as short-term traders exit the market. But these pullbacks could be temporary with “a great likelihood of Bitcoin making new highs in the coming months.”

Halving: What’s Different This Time Around?

The current momentum might not be bullish but compared to the past halving, a lot has changed and only for the better. Bitcoin fundamentals are stronger than ever and long-term bullish.

The number of bitcoin addresses has been steadily increasing and is currently at their all-time high, having recently crossed the 30 million addresses milestone as well. From the last halving four years ago, the addresses have increased by 234%.

At a similar pace, the daily number of addresses added to the bitcoin network is growing, up 68% from July 2016 halving.

When it comes to the number of retail addresses, those holding at least 0.01 BTC and 0.1 BTC, they hit fresh ATHs in 2020 about every other day. These addresses jumped by 204% and 142%.

Now those with at least 1 BTC made a new ATH, up about 64% from the last halving.

Though not at their peak, whales, investors holding over 1,000 BTC, are close to hitting a new ATH. However, the USD value these whales hold is more than 10x higher.

As per Glassnode data, the daily number of active addresses and entities has increased by over 55% since the last halving, steadily rising for the past three years and approaching the peak of the 2017 bull market.

Besides network activity, the hash rate made a new high this month and is up over 6800% since the halving four years ago.

During all this time, the bitcoin network system has been working like a clockwork, without stopping.

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Author: AnTy