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Cryptocurrency

Wallets holdings of 0.1 BTC reaches all time high

The number of wallets holding 0.1 BTC or greater has been increasing since the plunge of 2017 bull run.

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Binance, BTC wallets holdings 0.1 BTC reaches all time high, 13,000 BTC wallets are now worth more than $1,000,000

The number of individuals with Bitcoin (BTC) assets of 0.1 coins or more has broken into new all-time highs.

Data obtained by a popular crypto data aggregator, Glassnode recently shows the number of Bitcoin wallets holding 0.1 BTC or more reaching a new record high of 3,054,282 — beating out May 21’s previous record by about 212 addresses.

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What you need to know; The smallest amount of Bitcoin is known as Satoshi, which is 0.00000001 Bitcoins. But since this number is so little, you can’t actually buy 1 Satoshi on any crypto exchange. On Coinbase, for example, the minimum amount you can purchase starts from 2 dollars.

The number of BTC wallets holding 0.1 BTC or greater has been increasing since the plunge of 2017 bull run after reaching its peak.

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READ MORE: How Bitcoin will hit $100,000?

Meanwhile, a report released by America’s most valuable bank, JP Morgan chase, now believe Bitcoin  is a store of value asset;

“Though the [bitcoin] bubble collapsed as dramatically as it inflated, bitcoin has rarely traded below the cost of production, including the very disorderly conditions that prevailed in March,” said JPMorgan experts in a report led by head of U.S. interest rate derivatives strategy Joshua Younger and cross asset research analyst Nikolaos Panigirtzoglou.

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Patricia

Olumide Adesina is a French-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment Trading. A member of the Chartered Financial Analyst Society. Financial Market; Yale University, Behavioral Finance; Duke University. You can follow Olumide on twitter @tokunboadesina or email [email protected]

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Cryptocurrency

Crypto; Tron’s founder offers $1 million bounty in finding BTC Twitter hackers

The Giveaway scammers pulled off the hack of the year, but only managed to make $58,000 USD.

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Following a huge amount of breaches on many top global brands, having their Twitter accounts tweeting about a BTC giveaway, Tron founder, Justin Sun has put a bounty on those responsible for the attacks.

In a recent interview with Cointelegraph, Tron’s founder, Justin Sun disclosed he was ready to give $1 million to the person or persons responsible for tracking down the hackers. He added by saying;

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“We are working closely with Twitter to resolve this issue immediately and return our accounts to normal. We are always vigilant in the handling of our accounts; operating safely and responsibly — taking the security of our accounts to the highest standards possible. This only further illuminates the urgent need for our society to adopt decentralized, trustless software and services.”

Quick fact, Justin Sun is a Chinese tech entrepreneur, the founder of a renowned crypto-asset, Tron and the present leader, BitTorrent. Sun became very popular after placing a record-breaking $4.5 million bid to have a private lunch with Warren Buffet in June 2019.

READ MORE: CBN insists on no devaluation, threatens to sanction those responsible for false speculations

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Meanwhile, data obtained from Whale alert, an advanced crypto tracker firm revealed, “the Giveaway scammers pulled off the hack of the year, but only managed to make $58,000 USD so far. Hopefully, the community will take them more seriously now.”

However, dealing with cryptos, the use of cold wallets or a proprietary smartphone is recommended. These are specifically designed tools to keep your BTCs from falling into the hands of hackers on the internet.

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Cryptocurrency

BTC scammers breach Twitter accounts of Bill Gates, Obama, Google, Apple, Uber

A number of celebrities and important personalities had their Twitter accounts breached.

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BTC scammers were on a rampage on Twitter late Wednesday, as many top personalities, had their accounts tweeting about a BTC giveaway. Later, it became obvious that the breach was much more serious when leading brands and famous people including, Barack Obama, Elon Musk, Jeff Bezos, Kanye West, and Uber, tweeted that they would double your bitcoin.

However, Cameron Winklevoss, co-founder of the world’s leading crypto exchange Gemini, disclosed that the scammers were only able to make away with “a paltry sum,” though he wondered if there were underlying reasons for the attack.

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READ ALSO: ChainLink’s digital coin skyrockets 388% in 130 days, still soaring

Recall that a few days ago, Nairametrics reported how crypto scammers gained about $24 million worth of BTCs in the first six months of 2020.

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As the COVID-19 pandemic kept a lot of individuals more active online, fraudsters have pulled dozens of different types of scams such as fake ICOs, BTC recovery, fake exchanges, giveaways, video scams, fake tumblers, Ponzi schemes, malware and many more.

READ ALSO: BTC outperforms precious metals in H1 2020

The scammers deceive their intended victims by offering one or all of the following: no taxes, high profits, little effort, and no risk. It’s thus projected by Whale alert that these fraudsters could gain about $50 million dollars before the end of 2020.

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Crypto-Scammers stole $24 million worth of BTCs in 2020  

Twitter CEO, Jack Dorsey, finally tweeted:

Tough day for us at Twitter. We all feel terrible this happened. We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happened.”

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Meanwhile, the price of bitcoin remains largely unaffected by the news of the hack, as it is currently still stuck at around $9,200.

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Cryptocurrency

Popular singer, Akon and other leading experts speak on Africa’s Crypto

Akon spoke about his cryptocurrency Akion, detailing how it is easy to exchange the digital coin.

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As Africa remains the leading market in the crypto industry, Africa’s fastest-growing financial media company, Nairametrics, exclusively covered the African session of the 3rd-year anniversary of Binance, the world’s largest crypto exchange, with key African crypto stakeholders deliberating on the crypto industry in Africa.

Senegalese-American music celebrity, Akon who was one of the guests in one of the sessions spoke on crypto adoption in present-day Africa, having popular Hollywood film producer and Akoin co-founder, Jon Karas with Binance CEO Changpeng Zhao moderating the session.

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Akon spoke about his upcoming cryptocurrency known as Akoin, detailing how it is easier to exchange the digital coin through an internal conversion mechanism, which will allow users to convert in and out of other fiat currencies or crypto assets.

He also spoke about the payments revolution the crypto industry will bring to Africa that is preceded by poor mismanagement of resources, unstable currencies, amongst other limiting factors.  According to Akon, Africa stands a chance of becoming the frontier in the global crypto market accompanied by a wider increased investment interest in cryptocurrencies.

READ MORE: With just N60million: 3 fundamental reasons why you should buy into the LeonardoBySujimoto

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In a prelude to Akon’s interview, Yele Bademosi, founder & CEO of Bundle, spoke about the need for crypto stakeholders to do more in educating the world’s fastest-growing market, Africa, as many young Africans are still on their learning curve trying to understand the advantages and usage of blockchain and cryptocurrencies.

In addition, Chuta Chimezie a leading crypto expert, spoke on the importance of regulatory stakeholders in supporting the future of payment as governments not regulating cryptocurrency may be a limiting factor in spurring its growth on the continent. He also advised that the inclusion of leading African banks will boost the crypto African market, as their role can’t be underestimated.

The session ended with BNB tokens and gifts disbursed to some participants of the session, marking the third anniversary of the world’s largest crypto exchange, Binance.

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