According to Glassnode’s “The Week On-Chain” report of June 15, Bitcoin whales continue to rise in 2020. Glassnode notes that there has been a steady growth in the number of Bitcoin (BTC) whales, these are the traders who own 1,000 BTC or more, since January 2020.
Bitcoin whales and their growth this year
Despite volatile 2020 market movements, the number of Bitcoin whales continues to rise. Growing almost steadily since January, with a current value of 1,882 entities with at least 1,000 BTC.
According to Glassnode, the last time this figure was this high was in September 2017. Just as BTC was on its rapid rise to $ 20k.
Perhaps most interestingly, the first time we saw that many whales was in March 2016, when Bitcoin was still below $ 420.
BTC price is now more than 20 times higher than when we saw so many whales, implying that whales have more wealth.
However, the average balance of each whale has decreased during this period, so the whales actually have less BTC now than in 2016 and less wealth (in USD terms) than in 2017.
A 15-year-old boy can beat Peter Schiff with Bitcoin
Bitcoin is considered a good good option to invest, it has been little more than a decade of existence and its value has been on the rise. In this sense, Max Keizer expressed through Twitter that any 15-year-old boy can surpass Peter Schiff as an investor using Bitcoin.
According to Keizer’s post via his Twitter account, he suggests that even a 15-year-old boy who made up his mind to invest in Bitcoin could have better returns than Peter Schiff.
World Economic Forum hopes to end corruption using blockchain
The World Economic Forum (WEF) hopes to eliminate corrupt activity in the public sector using blockchain technology.
The FEM blockchain project has selected Colombia as a testing ground for its blockchain-based framework, according to the report.
“The project developed blockchain-based proof-of-concept software for public procurement, which is intended to be tested at a live procurement auction in Colombia in 2020.”
In a few lines …
- An alleged Bitcoin (BTC) scam is reportedly targeting residents of Winnipeg, Canada. The owner of a local supermarket warned that many of his customers were victims of scammers.
- The United States Securities and Exchange Commission (SEC) has halted the activity of another alleged cryptocurrency scam by stealing millions of dollars from investors.
- NetWalker continued to launch ransomware attacks on the health sector during the COVID-19 pandemic.
In Busan, a public-private consortium in South Korea announced its intention to build a blockchain-based medical tourism platform. There is currently no deadline for release.
According to Gyeongnam Ilbo, the initiative will be led by Busan Bank. They are looking to establish the platform within the second largest city in the country in terms of population. The main objective of the group is to strengthen the medical tourism sector.