Cryptocurrency

According to data provided by Glassnode, the number of bitcoins on exchanges has been constantly falling since May and recently plunged to 2.2 million coins, marking a five-year low.The BTC balance on exchanges is currently worth $69 billion. The movement shows that investors are transitioning their assets to non-custodial wallets, addressing long-term investments.Moreover, according to Glassnode, the bitcoin balance on exchanges was at one of its highest points, around 3.2 million coins, in early 2020, when BTC was trading at $5,380.Bitcoin is up by 0.6% in the past 24 hours and trading at $30,700 at the time of writing. However, the asset’s 24-hour trading volume is down by more than 20%, standing at $11.8 billion with a total market capitalization of $596.8 billion — dominating 50% of the global crypto market value.BTC price – July 12 | Source: Trading ViewThe digital gold has been consolidating between the $30,000 and $31,000 mark over the past three weeks after witnessing significant pressure in June.Moreover, the accumulation phase comes as the number of new Bitcoin addresses hit a three-month high of 20,360. This article was originally published on Crypto.news More

The Organisation for Economic Co-operation and Development (OECD) has released its latest employment report, which focuses on labor demand, as well as widespread shortages due to ongoing high inflation and resulting fiscal policies worldwide.Continue Reading on Coin Telegraph More

The July 10 announcement revealed the bank’s partnership with telecommunication operators China Telecom (NYSE:CHA) and China Unicom (NYSE:CHU), and its intention to commence testing the next day.Continue Reading on Coin Telegraph More

According to a court document filed by Celsius, the company placed 40 million Polygon (MATIC), 66,000 Polkadot (DOT), 25,000 staked Ether (stETH) and 35,000 Ether (ETH). Celsius highlighted that these tokens are worth a total of $150 million. Continue Reading on Coin Telegraph More

The bill, which was last amended at the end of June, sets the legal definitions of “platform, ” participants,” and “users,” as well as the general guidelines for the CBDC ecosystem. Continue Reading on Coin Telegraph More

Numerous tests have shown great potential for AI-based blockchain audits, but this nascent tech still lacks some important qualities inherent to human professionals — intuition, nuanced judgment and subject expertise.Continue Reading on Coin Telegraph More

According to a July 11 announcement from Fir Tree, Grayscale agreed to provide additional documentation related to its Bitcoin Trust (GBTC) after Fir Tree filed a lawsuit in December 2022. The complaint against Grayscale aimed at having the asset manager stop plans to turn its GBTC trust into a spot exchange-traded fund (ETF) and provide documentation on its relationship with Digital Currency Group, Grayscale’s parent company.Continue Reading on Coin Telegraph More

The BISIH report on crypto is the shorter of the two publications at 24 pages. It provided a short overview of the crypto ecosystem of cryptocurrencies, stablecoins and decentralized finance (DeFi), followed by a laundry list of “[s]tructural flaws and risks.”Continue Reading on Coin Telegraph More