Glassnode: the number of wallets storing more than 1 BTC reaches a new record
According to research firm Glassnode, the number of Bitcoin wallets holding more than 1 BTC has reached a new all-time high of 824,193.
Analysts point out that this figure has been constantly growing since the creation of the first cryptocurrency. Even the growth of BTC by $ 3,500 in just a month did not cause cryptocurrency holders to sell - on the contrary, the number of investors in bitcoin is increasing.
Note that against the background of the presidential elections in the United States, the rate of the first cryptocurrency continued to grow and set a new record for 2020 at $ 19,500.
A similar situation is observed in the Ethereum network. The number of wallets storing more than 100 ETH reached 53,019. The previous record was recorded in mid-July - 52,943 wallets.
Glassnode recently reported that the number of addresses that store more than 100 BTC has grown to 16,159, a peak in six months.
Brazilian authorities announced decision to launch CBDC
Brazilian authorities are preparing to develop their own central bank digital currency (CBDC), said the Minister of Economy of the Latin American country, Paulo Guedes.
According to the official, his country needs a technological breakthrough. Now many states are striving to introduce digital technologies in a variety of sectors of the economy. Fintech is one of the most promising areas, and Brazil should not lag behind other countries.
“Brazil will have its own digital currency. Brazil is ahead of many countries, "the minister said, drawing attention to the fact that digital real will be radically different from the usual cryptocurrencies and will be entirely controlled by the country's central bank.
Guedes also noted that Brazil has the fourth largest digital market in the world. In this regard, the group set up by the Central Bank to issue digital currency has up to 180 days, with the possibility of extension for another 180 days, to complete research and prepare a final report on this issue.
The digital version of the Brazilian real may go into circulation as early as 2022. Moreover, the regulator admits that such a tool will be used both in the domestic market and in international transactions.
Clients of bitcoin exchange QuadrigaCX will receive no more than 17 cents for every dollarThe trustee of the liquidated cryptocurrency exchange QuadrigaCX has about $ 29.8 million to be distributed among 17,053 applicants who have submitted requests for refunds. Their claims amount to $ 171.5 million.
Such data is contained in the seventh report to the Superior Court of the Province of Ontario from Ernst & Young (EY) acting as trustee.
EY was able to recover some of its user funds thanks to the sale of the property of Gerald Cotten, the founder of QuadrigaCX, an agreement with his widow, and the divestiture of assets from third-party payment services, of which QuadrigaCX was a client.
EY concluded that Cotten traded with 76,000 exchange clients, which contributed to the discrepancy between assets and liabilities.
“Mr. Cotten used the real assets contributed by the affected users for trading. For this reason, Quadriga's assets have probably never met its obligations to the affected users, ”the company explained.
In June 2020, the Ontario Securities Commission concluded that the reason for the bankruptcy was the fraud of its founder.
EY went to court to set the date for fixing the exchange rates - from April 15, 2019, when Quadriga filed for bankruptcy, or from February 5, 2019, when users first encountered the blocking of funds.
This will impact the total disbursed funds, which will be at least C $ 224.3 million ($ 171.5 million).
Bitcoin is definitely on fire those days nd i think the bull run is closer