Ethereum’s Decentralization in Question with 376 Wallets Holding One-Third of All ETH

According to a new research by Chainalysis Inc., there are just 376 wallets holding as much as one-third of all the Ether, the token that runs the Ethereum blockchain. This figure is surprising for a few reasons, namely that it calls into question the level of decentralisation of the coin, as well as what the tokens are being used for. The cryptocurrency market is still a relatively small one, and in that there has often been cases where big wallets and Whales have had enough capital behind them to move…

Almost One-Third of Bitcoin Exchange Users Come from the US: Report

Photo: Shutterstock DataLight, a company focused on analyzing crypto data and providing unique information on digital currencies, has carried out interesting research to examine the geographical distribution of crypto traders across the world. As the results show, the most active crypto trading country is the USA, with over 22 million visits a month. We’ve investigated 100 most popular #cryptocurrency exchanges and found out how their traffic is distributed by countries. While TOP-3 players are easy to predict, there are definitely some surprises. Full study: https://t.co/eWxbTa6wq2 pic.twitter.com/0mnwcyeDZP — DataLight (@DataLightMe) April…

Bitcoin Loses One-Third of its Value to Reach Twelve-Month Low: BTCManager’s Week in Review Nov 26

The price of bitcoin crashed by a staggering 33 percent in the last seven days after uncertainty sparked by the bitcoin cash “hash war” reminded markets in the prior week how volatility cryptoassets still are. Bitcoin dropped from $5,600 on Monday morning to around $3,750 by Sunday afternoon, to reach a new twelve-month low. Bitcoin’s steep price decline was exemplified by a video that showed Chinese miners throw out mining hardware in wheelbarrows to resell them second-hand as mining bitcoin is no longer a profitable venture for them at these…