59% of Bitcoin Holders Are Sitting On Profits

59% of Bitcoin holders are profitable as the coin trades above the current Realized Price, which is the cost basis of the average BTC holder, IntoTheblock data on January 19, shows. Parallel on-chain streams show that the realized price of Bitcoin is around $19,700. Comparing this number with the spot BTC price presently at over $20,700, it means 59% of coin holders are sitting on profits, a net positive for the ecosystem. This development is a shot in the arm for HODLers, considering the sharp contraction of prices over the past…

Ethereum Name Service’s Governance Proposal Outlines Intention to Sell 10,000 ETH

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Compass Mining sued for losing Bitcoin mining machines bought by customers

Customers are suing Compass Mining for over $2 million, alleging fraud, after the company cut ties with Russian hosting company Bit River and failed to return customers’ Bitcoin machines, citing a non-applicable United States sanction as the reason. According to a court document filed on Jan. 17, Compass Mining issued a notice in April 2022 that it has terminated its “relationships and dealings with Bit River” due to the sanctions imposed by Executive Order 14024. It is alleged that Compass “did not offer” to return or even retrieve the assets…

Here’s How eTukTuk Will rEVolutionise the Transportation Sector for Billions Worldwide

Place/Date: – January 19th, 2023 at 10:37 am UTC · 5 min read Contact: eTukTuk, Source: eTukTuk eTukTuk, the world’s first automotive project built on Cardano, has announced that it will be launching its initial operations in Sri Lanka, a bold step that will redefine the transportation sector for billions of people worldwide. There have been numerous attempts to launch two- and three-wheeler electric vehicles (EVs) at scale, but there is currently a serious lack of charging infrastructure across the globe to facilitate the switch. Moreover, EVs are also prohibitively…

East African Community to Decide on Regional Central Bank Launch in 2023 – Africa Bitcoin News

The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter Mathuki has reportedly said. The setting up of the regional central bank is expected to help the EAC achieve its goal of attaining a single currency regime in three years. Location of the Regional Central Bank As the East African Community (EAC) inches towards its single currency regime objective, a top official said the regional intergovernmental organization would decide when…

FinCEN Names Binance as Counterparty in Order against Bitzlato

According to the FinCEN order, Bitzlato has been used to launder as much as $700 million since its inception, and according to the terms of the order, the regulator wants the named counterparties to stop doing business with Bitzlato. The United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has named the Binance exchange, the largest crypto trading platform in the world, as one of the counterparties in the order, it just issued against Bitzlato exchange. According to the release from FinCEN, Bitzlato is incorporated in Hong Kong and it…