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Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1070 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1070 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1070 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1070 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1071 ngày trước

Bitcoin's New Address Surge Signals Bullish Divergence Amidst Market Uncertainty

Bitcoin has exhibited resilience with its price hovering around $26,000, but a notable bullish trend emerges as new BTC addresses surge. The number of addresses holding 0.1 or more Bitcoin has reached an all-time high at 4,487,486, while non-zero Bitcoin addresses hit a historic peak of 49,138,848. These statistics indicate growing investor interest in Bitcoin despite price fluctuations. Market analysts are cautious about a potential "death cross" but emphasize the complex nature of cryptocurrency markets. Meanwhile, anticipation surrounds the Federal Reserve's upcoming meeting, with a 97% expectation of a "pause" in their decision.

U.Today - 1071 ngày trước

Dr. Jordan Peterson Proposes Bitcoin as an Alternative to Traditional Banking

Best-selling author and renowned psychologist Dr. Jordan Peterson ignited a debate by suggesting that Bitcoin could replace traditional banks, following news of Australian banks phasing out cash and cheque services. Peterson's call resonated with many Bitcoin proponents who argue that cryptocurrency eliminates counterparty risk associated with banks. Notably, crypto enthusiasts from various networks, including Bitcoin Cash, Nano, Monero, and Dash, joined the discussion, promoting decentralized cash-like experiences. However, critics, like Aaron Day, highlighted Bitcoin's scalability challenges compared to traditional banking systems and CBDCs.

Finbold - 1071 ngày trước

Dr. Jordan Peterson Proposes Bitcoin as an Alternative to Traditional Banking

Finbold - 1071 ngày trước

Bitcoin's Transaction Volume Surges Past Visa, Signaling a New Era

In a remarkable milestone, Bitcoin's annual transaction volume has overtaken Visa, underlining the increasing prominence of decentralized networks. While this achievement is noteworthy, it's essential to consider nuances. Bitcoin's transaction volume includes high-frequency transactions from protocols like Ordinals, potentially skewing the perception of retail adoption. Furthermore, comparing Bitcoin to Visa is complex due to their inherent differences. Nevertheless, this development prompts questions about the future of financial landscapes, hinting at the potential for decentralized networks to challenge centralized systems, despite challenges seen in real-world experiments like El Salvador's.

U.Today - 1071 ngày trước

Financial Guru Robert Kiyosaki Boldly Declares Crypto as the Future

Renowned financial expert and author, Robert Kiyosaki, has made a confident proclamation that fiat currency is on the decline while cryptocurrency represents the future. Kiyosaki voiced his prediction during the TOKEN2049 cryptocurrency conference in Singapore, an event aiming to unite prominent figures and companies in the crypto space. However, Kiyosaki's history of controversial financial advice and legal issues has raised skepticism about his statements. Critics point to his involvement in multi-level marketing and past fraud claims, but he maintains a substantial following in the crypto community.

U.Today - 1072 ngày trước

Nearly One Million ETH Burned in Ethereum's Merge Milestone Celebration

In a celebration of Ethereum's one-year anniversary since implementing the Merge upgrade, Binance highlights significant milestones. The transition to proof-of-stake (PoS) from proof-of-work (PoW) has resulted in the burning of nearly one million ETH, reducing the supply and making Ethereum deflationary. Over 22% of ETH is now staked, and gas fees remain stable. The PoS mechanism has reduced Ethereum's energy consumption by 99.99%. With 362,000 new validators added, Ethereum continues to evolve as the largest smart contract network, marking a greener and more sustainable future.

U.Today - 1073 ngày trước

Japan Facilitates Crypto-Based Startup Funding through Regulatory Reforms

Japan is taking steps to rejuvenate its startup ecosystem by allowing ventures to raise funds through cryptocurrencies. The government's plan to relax restrictions on fundraising methods aims to promote growth in venture capital funding. Under the new regulation, investors can provide startups with both traditional stocks and cryptocurrencies. This move aligns with Japan's increasing support for the crypto industry, even as regulators focus on compliance and anti-money laundering measures. Japan's progressive approach mirrors global efforts to embrace the expanding crypto sector, despite stricter regulations like the Travel Rule being enforced.

CoinJournal - 1073 ngày trước

Latin America Takes Center Stage in Crypto Adoption Surge

Latin America is making significant strides in cryptocurrency adoption, with the region accounting for 9.1% of global crypto value in 2022, totaling $562 billion in transactions from July 2021 to June 2022. Factors driving this surge include rising inflation, progressive regulatory developments, and innovative uses of blockchain technology. In countries like Argentina and Venezuela, crypto is being embraced as a hedge against hyperinflation, while asset tokenization and crypto gaming are democratizing investment opportunities and providing new avenues for artists and gamers. Despite challenges, Latin America's crypto landscape is evolving rapidly.

CoinJournal - 1074 ngày trước

Sony Ventures into Blockchain Space, Announces Joint Venture for Web3 Development

Japanese tech giant Sony is set to enter the Web3 space by developing its own blockchain network. The company's IT subsidiary, Sony Network Communications, will collaborate with Singapore-based Startale Labs to create a joint venture called Sony Network Communications Labs. Sony aims to leverage its expertise in IoT, AI, and solution services to build a global infrastructure for the Web3 era. This move follows Sony's previous forays into blockchain, including rights management solutions and blockchain platforms for J-pop groups. Sony joins a growing list of Japanese firms entering the blockchain, metaverse, and NFT sectors.

cryptonews - 1074 ngày trước

Bitcoin and Crypto Can Surge Regardless of the Fed's Money Printer, Says Arthur Hayes

BitMEX founder Arthur Hayes, known for his controversial past, remains optimistic about Bitcoin's (BTC) future. In a recent newsletter, he asserted that Bitcoin's price could continue to rise regardless of the U.S. Federal Reserve's interest rate policies. Hayes believes that "capital at the margin" will shift to hard financial assets like Bitcoin, productive farmland, and big tech-AI stocks. He attributes this to the government's spending, which has lowered yields on government bonds. Despite his legal issues last year, Hayes remains confident in crypto's potential for substantial growth.

The Daily Hodl - 1074 ngày trước

Bitcoin's Potential to Reign Supreme During Interest Rate Surge, as Predicted by Bloomberg Analyst Mike McGlone

Bloomberg Intelligence's senior commodity strategist, Mike McGlone, has suggested that Bitcoin could excel in an environment of increasing interest rates. McGlone cited Bitcoin's 24-7 trading and historical performance as factors supporting its investment appeal, particularly with the Federal Reserve signaling monetary tightening. He also noted the influence of Bitcoin's 20-week moving average on broader markets. While McGlone pointed out potential challenges due to rapidly rising interest rates, he emphasized Bitcoin's alignment with the current tightening cycle. The Federal Reserve is expected to maintain higher interest rates until at least Q2 2024.

U.Today - 1074 ngày trước

Ethereum's Daily Active Addresses Soar, Signaling Potential Recovery

Ethereum's on-chain activity has surged, with daily active addresses reaching around 1,089,893 on September 13, the second-highest ever recorded. This spike suggests growing demand for ETH, even amid recent market volatility that pushed its price below $1,700. Ethereum remains attractive to institutional investors, with increasing interest in spot exchange-traded funds. Despite potential short-term challenges, Ethereum's strong fundamentals, liquidity, and central role in blockchain networks position it favorably for the future, although it may continue to face pressure linked to Bitcoin's market trends.

cointelegraph - 1075 ngày trước

Russia Takes a Step Closer to Legalizing Decentralized Financial Entities

Russia is actively working to legalize and regulate Decentralized Autonomous Organizations (DAOs) to inject vitality into its Digital Financial Assets (DFA) market, as stated by Ivan Chebeskov, the Director of the Department of Financial Policy of the Ministry of Finance. This move comes in response to international sanctions on Russia and aims to bridge the gap between DFAs and decentralized finance (DeFi), leveraging the potential of the existing liquidity in DeFi. Russia's efforts to attract investors to its DFA market have faced challenges, and the legalization of DeFi DAOs could accelerate its growth.

CryptoPotato - 1075 ngày trước

Telegram Empowers 800 Million Users with TON-Based Crypto Wallet Integration

Telegram Messenger has introduced the TON Space self-custodial crypto wallet, a major step towards its original vision for the Telegram Open Network (TON). The wallet, based on The Open Network, is now accessible for Telegram Wallet users and will roll out globally in November (excluding the U.S. and select countries). Telegram's collaboration with TON Foundation signals TON's revival as an open-source community project, offering users control over their digital assets and identities. The launch also grants priority access to TON projects on Telegram Ads, supporting the Web3-Web2 partnership.

theblock - 1076 ngày trước

PayPal Introduces Off-Ramp Service for Crypto-to-USD Conversions

Digital payment giant PayPal has expanded its crypto offerings with the launch of an "Off Ramp" service allowing U.S. users to convert crypto tokens to USD directly into their PayPal accounts. This service is available to wallets, dApps, and NFT marketplaces. PayPal highlights its robust security controls and fraud management tools, making it an attractive option for crypto users. This move follows MetaMask's recent introduction of a similar feature. PayPal initially entered the crypto space in late 2020 and continues to expand its crypto-related services, including fiat on and off ramps.

PayPal - 1077 ngày trước

Anthony Pompliano: Bullish on Bitcoin's Future Amid Market Turbulence

Anthony "Pomp" Pompliano, a prominent figure in the crypto space, has voiced his optimism for a significant Bitcoin bull run in a recent appearance on Fox Business. Despite recent market volatility, Pompliano believes Bitcoin's long-term potential remains strong. He points to growing institutional interest, with major companies seeking SEC approval for spot Bitcoin ETFs, and sees Bitcoin as a disruptor of traditional finance due to its decentralization and global accessibility. Pompliano's bullish outlook reflects increasing recognition of Bitcoin's legitimacy and its potential to reshape the financial landscape.

YouTube - 1077 ngày trước

Former PayPal President Envisions Bitcoin as Global Payment Network

Former PayPal President and current CEO of Lightning Network infrastructure firm Lightspark, David Marcus, has expressed his vision of transforming Bitcoin into a global payment network. Marcus emphasized the need for Bitcoin to evolve beyond being a store of value and become a decentralized payment solution akin to PayPal. Despite scalability and regulatory challenges, Marcus is committed to realizing this vision and believes that technological advancements, like the Lightning Network, can address these issues. The goal is to revolutionize the financial industry by making Bitcoin a widely accepted and efficient means of global payment.

YouTube - 1077 ngày trước

Global Leaders at G20 Summit Embrace FSB's Crypto Regulation Proposals

The G20 leaders, meeting in New Delhi, have voiced their support for comprehensive regulation and oversight of crypto-assets and global stablecoins, as recommended by the Financial Stability Board (FSB). They emphasized the need for consistent global implementation to prevent regulatory arbitrage. The leaders also welcomed reports by standard-setting organizations and pledged to discuss a coordinated policy and regulatory framework, taking into account various risks, including money laundering and terrorism financing, at their October 2023 meeting. India's G20 Presidency remains committed to monitoring the rapidly evolving crypto ecosystem.

Bitcoin News - 1078 ngày trước

Bitcoin's 'Fair Value' Calculated at $47K Per Coin

Charles Edwards, founder of Capriole Investments, sees Bitcoin as an attractive long-term investment opportunity, driven by its production cost and energy value. Capriole's energy value theory suggests a fair price of $47,200, with a floor at $23,000, yielding a 1:5 risk-reward ratio. Edwards acknowledges the potential for even higher prices, though he notes historical trends rarely stop at fair value. The theory, based on energy expended in Bitcoin mining, has demonstrated a strong correlation with spot prices. However, caveats include variations in mining efficiency and factors beyond energy value affecting Bitcoin's price.

zerohedge - 1078 ngày trước

Coinbase CEO Calls for Clear Crypto Regulations in the US to Prevent Industry Issues

Coinbase CEO Brian Armstrong has emphasized the need for clear regulatory guidelines in the United States' digital assets industry. In an interview with CNBC, Armstrong stressed that the absence of clear regulations has led to adverse consequences, including crypto firms relocating overseas, industry instability, and a diminishing global financial role for the US. He urged the importance of rules that balance innovation and consumer protection. Armstrong also discussed the positive impact of Bitcoin exchange-traded funds (ETFs) and Coinbase's role as a custodian in ETF applications.

The Daily Hodl - 1079 ngày trước

Coinbase Launches Cryptocurrency Lending Service for U.S. Institutions

Coinbase, the prominent U.S. crypto exchange, has introduced a cryptocurrency lending service specifically tailored for large institutional investors in the United States. This move aims to fill the gap left by the recent bankruptcies of major industry players such as Celsius, Genesis, and Blockfi. Coinbase Prime customers have already invested $57 million in the lending program, which allows institutions to lend digital assets under standardized terms. Coinbase will employ borrowed funds to provide loans to other institutions. This initiative follows regulatory scrutiny and the suspension of Coinbase's retail lending service, Coinbase Borrow, earlier this year.

Bitcoin News - 1079 ngày trước

IMF-FSB Present Collaborative Report on Crypto to G20 Members, Advocating Against Total Prohibition

A joint synthesis paper by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) acknowledges the potential risks posed by widespread crypto adoption but cautions against a blanket ban. The paper, submitted to G20 members ahead of their Leaders' Summit, highlights the need for a comprehensive regulatory response to address the macroeconomic and financial stability risks associated with cryptocurrencies. It also calls for adherence to Financial Action Task Force (FATF) standards to prevent misuse. Blanket bans are deemed costly and technically challenging to enforce, urging a more balanced approach.

businesstoday - 1080 ngày trước

Senator Ted Cruz Backs Bitcoin as a Tool for Freedom and Prosperity

Texas Senator Ted Cruz has expressed strong support for Bitcoin, citing its role in promoting freedom and economic benefits. Cruz highlighted how Bitcoin's decentralized nature makes it uncontrollable and resistant to government interference, contrasting it with China's ban. He also emphasized the positive externalities of Bitcoin mining, such as providing emergency power reservoirs and monetizing excess energy capacity. Bitcoin mining has also revitalized communities, created jobs, and generated tax revenues, particularly in areas with abundant and inexpensive electricity. Cruz sees Bitcoin as a catalyst for economic growth and environmental improvement, especially in regions like West Texas.

Bitcoin News - 1080 ngày trước

Asset Managers Embrace Digital Assets as Nearly Half Manage Crypto, Survey Reveals

In a recent study conducted by digital currency data provider Amberdata and Coalition Greenwich, it was found that 48% of institutional investors now have digital assets under management (AUM). Despite market volatility, 75% of managers anticipate AUM growth over the next five years, with 40% expecting robust 11-20%+ expansion. Asset managers are eyeing the growing market opportunity for digital assets, with 44% expecting it to be a growing business line in the next three to five years. Regulatory optimism in the U.S. plays a crucial role, while spending on crypto market data is set to rise.

Bitcoin News - 1080 ngày trước

Coinbase Targets Global Expansion Amid Crypto Regulation Variances

Coinbase, a leading cryptocurrency exchange, is eyeing several countries outside the U.S. for expansion due to clearer crypto regulations. In a recent blog post, the company identified the European Union, United Kingdom, Canada, Brazil, Singapore, and Australia as priority markets for acquiring licenses and strengthening operations. Coinbase expressed concerns over the U.S.'s approach, opting for enforcement through courts, potentially risking its influence in the crypto space. The company plans to engage with the G20 for global crypto standards and will focus on lobbying efforts in Brazil, the future G20 chair.

cointelegraph - 1080 ngày trước

Long-Term Litecoin Holders Reach 5 Million Milestone, Up 96% Since August 2022

The number of long-term Litecoin (LTC) holders has surged to five million, nearly doubling in the past year, despite a consistent drop in LTC's price. This marks a 96% increase from August 2022, reflecting growing confidence in the cryptocurrency. Investors' "HODLing" attitude remains strong, with 13% of LTC's total supply untouched for five years. Although Litecoin's price dropped following a recent halving event, it stood out as one of the few altcoins classified as a commodity in regulatory investigations against Binance. The network hash rate and difficulty levels remain near all-time highs.

CryptoPotato - 1081 ngày trước

JPMorgan's Exploration of Blockchain-Powered Payment and Settlement Solution Revealed by Bloomberg

Banking giant JPMorgan Chase is reportedly in the early stages of developing a blockchain-based digital payment and settlement system, as per Bloomberg News. Although JPMorgan has already built a substantial part of the necessary infrastructure, it awaits approval from U.S. regulators before proceeding. This system, centered around digital deposit tokens, has the potential to expedite transactions and reduce costs, making it possible to transfer funds between different banks and settle tokenized securities. JPMorgan had previously collaborated with the Monetary Authority of Singapore on a deposit token payment system trial in 2022, marking its commitment to blockchain-based financial solutions.

theblock - 1081 ngày trước

Arkham Intelligence: Grayscale Bitcoin Trust Emerges as World's Second-Largest Bitcoin Holder with $16 Billion

Grayscale Bitcoin Trust (GBTC) holds over $16 billion in Bitcoin across 1,750 different addresses, making it the world's second-largest Bitcoin holder, according to blockchain analytics firm Arkham Intelligence. Grayscale's decision not to disclose these addresses for security reasons has raised some concerns. However, recent legal developments in which the U.S. Court of Appeals instructed the SEC to review GBTC's application to become an ETF have led to increased interest in Grayscale's assets. In total, Grayscale holds over $21 billion in digital assets, including Ethereum, Chainlink, and Polygon. These findings validate Grayscale's claims regarding its holdings.

CryptoPotato - 1081 ngày trước

XRP Trading Volume in August Left Competitors in Dust

In August 2023, XRP has emerged as the most favored altcoin for traders, boasting a 30-day average daily trading volume exceeding $462 million, leaving its closest competitor, Solana (SOL), trailing at $128 million. The data comes from Kaiko, an on-chain market data tracker. Despite a sudden $3 billion volume surge on August 13, XRP's price remained stable. Moreover, on September 2, the XRP Ledger saw record-breaking on-chain transactions. Impressively, XRP even briefly outperformed Bitcoin in trading volume, accounting for 21% of all cryptocurrency trading.

U.Today - 1081 ngày trước

Financial Accounting Standards Board's Vote Supports Fair Value Accounting for Bitcoin

The Financial Accounting Standards Board (FASB) is set to introduce new fair value accounting rules for Bitcoin and cryptocurrencies, aiming to enhance transparency in financial reporting. These rules, expected by year-end and effective from 2025, will allow companies to report unrealized gains and losses on Bitcoin, making it more appealing as a long-term investment. This move promises more timely and accurate financial information for investors and regulators, fostering trust in the cryptocurrency industry and recognizing Bitcoin's growing importance in mainstream finance. Despite challenges, the adoption of these rules signifies a significant step forward.

Bitcoin Magazine - 1082 ngày trước

Polygon Labs Secures Partnership with $500B Korean Asset Manager for Tokenized Securities Network

Mirae Asset Securities, South Korea's largest financial group, is collaborating with Ethereum scaling platform Polygon Labs to advance tokenization in finance and promote Web3 technologies. This partnership aims to create infrastructure for tokenized securities issuance and exchange. Traditional finance giants like Franklin Templeton have already initiated tokenization projects on Polygon, indicating the growing trend. The tokenization market is expected to grow significantly by 2030, reaching $16.1 trillion, with Mirae's efforts likely contributing to Web3 adoption in the financial sector and fostering interoperability with foreign financial systems.

coindesk - 1082 ngày trước

Valkyrie's CIO Envisions U.S. Bitcoin Spot ETF Greenlit by Q1 2024

In a recent Bloomberg interview, Steven McClurg, CIO of Valkyrie Investments, predicts that a Bitcoin spot ETF could become a reality by Q1 2024, potentially marking a significant milestone for the crypto industry. McClurg also indicates a "50%" chance of approval in October 2023, the earliest possible evaluation by the SEC. The discussion revolved around ongoing efforts by financial institutions to launch a Bitcoin ETF in the U.S., with growing regulatory acceptance and institutional interest cited as promising signs. This development could attract institutional money into the market, potentially driving liquidity, although regulatory hurdles remain.

Bitcoin Magazine - 1082 ngày trước

India's G20 Presidency Sparks Intense Talks on Worldwide Crypto Regulations

India's Finance Minister, Nirmala Sitharaman, announced progress in discussions for a global framework on cryptocurrencies during India's G20 presidency. Prime Minister Narendra Modi emphasized the importance of global collaboration on crypto regulations among G20 nations. Sitharaman, speaking at the Global Fintech Fest, described crypto as both a threat and an opportunity, stressing the need for global cooperation to ensure responsible regulation. India, as G20 president, continues to advocate for global collaboration on financial security and crypto regulations, with the International Monetary Fund and Financial Stability Board contributing synthesis papers on the subject.

cointelegraph - 1082 ngày trước

Ripple and SBI Holdings Unveil Revolutionary XRP Adoption Strategy

SBI Remit and Ripple join forces to launch SBI Ripple Asia, a pioneering venture bringing XRP-powered remittance to the Philippines, Vietnam, and Indonesia. This move follows their successful introduction of XRP for cross-border transfers in Japan last year. SBI Remit will use XRP to process real-time customer remittances, partnering with Tranglo to ensure easy conversion to local currencies. This cost-effective and speedy solution aims to enhance SBI Remit's global competitiveness in international money transfers. Implementation begins this month, targeting regions with high bank account remittance proportions.

U.Today - 1082 ngày trước

88,200 Millionaires Attribute Their Fortune to Cryptocurrency, New Study Reveals

A recent study by Henley & Partners, a London-based investment migration consultancy, reveals that out of the world's 56.1 million millionaires, 88,200 have accumulated their wealth through cryptocurrency. Specifically, 40,500 of these crypto millionaires have Bitcoin to thank for their fortunes. There are 182 centi-millionaires (with over $100 million in assets) and six billionaires who have made their wealth through cryptocurrencies. Notable figures in this elite group include Binance's CEO Changpeng Zhao, Ripple's Chris Larsen, and the Winklevoss twins. As governments consider crypto regulations, these individuals are exploring investment migration options to protect their assets.

Bitcoin news - 1082 ngày trước