Bitcoin Price: US$37,064.13 (-0.18%)
Ethereum Price: US$ 2,044.68 (-0.41%)
The number of Bitcoin wallet addresses holding over $1 million in BTC has tripled in 2023, rising from 23,795 to 81,925, a 237% increase in 11 months, according to BitInfoCharts. However, it’s crucial to note that these millionaire wallets aren’t necessarily owned by individual users, as many belong to exchanges and financial institutions. Glassnode data shows that the peak in the number of addresses with over $1 million in Bitcoin occurred during the 2021 bull market, reaching 112,573 in November 2021. In contrast, the number of “wholecoiners,” wallets with at least 1 BTC, has seen a 4% increase since the beginning of the year, totalling 1,018,015 addresses. Meanwhile, XRPL’s “fixReducedOffersV1” amendment is approaching activation after receiving over 80% consensus from validators, aiming to address critical issues with decentralised exchange (DEX) offerings on the XRP Ledger. Additionally, the FTX bankruptcy estate has filed a lawsuit against ByBit, seeking to recover nearly $1 billion in funds and digital assets allegedly withdrawn by ByBit just before FTX’s collapse. The suit accuses ByBit of using its VIP access and connections with FTX staff to prioritise withdrawals and prevent the FTX estate from accessing assets exceeding $125 million on the ByBit exchange.
BlackRock argues that the Securities and Exchange Commission (SEC) should treat spot-crypto and crypto-futures exchange-traded funds (ETFs) the same. The SEC has approved a number of crypto-futures ETFs, but has not yet approved a spot-crypto ETF. BlackRock believes that the SEC’s reasons for not approving spot-crypto ETFs are not valid. In separate news, the Indian Supreme Court has rejected a petition to establish regulations and guidelines for cryptocurrency trading in India. The court said that the petition was more legislative in nature and that it could not issue directives under Article 32 of the Indian Constitution. Meanwhile, the Campaign for Accountability (CfA) has sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown alleging that Circle, the issuer of the USD Coin (USDC) stablecoin, has ties to both Justin Sun’s Tron Foundation and major Wall Street investors. The CfA is concerned about Circle’s lack of regulation and Tron’s alleged connections to terrorism financing.
Singapore-based dtcpay is set to launch a payment system facilitating in-store and online payments using fiat and cryptocurrencies, including Tether, Ether, and Bitcoin. The startup is partnering with China-based open-source blockchain platform PlatON for privacy-protected digital infrastructure and Allinpay International for smart terminals and a digital interface. Both dtcpay and Allinpay are registered with the Monetary Authority of Singapore (MAS) as major payment institutions. In a separate incident, a crypto wallet tied to Binance allegedly lost $27 million in a hack, with funds being swapped to ETH through various protocols before being bridged to Bitcoin via THORChain. Additionally, an unidentified hacking group claims to have stolen 70,000 customer selfies and sensitive personal information for 300,000 customers of Coin Cloud, a bankrupt Bitcoin ATM firm that operated over 4,000 machines in the U.S. and Brazil until its bankruptcy filing in February 2022. The group also purports to have obtained the source code to Coin Cloud’s backend system.
Source:
https://cointelegraph.com
https://decrypt.co
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