Bitcoin (BTC) Sees Sudden Spike in Newly Creates Addresses

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Fri, 02/07/2020 - 20:45
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  • The number of new Bitcoin (BTC) addresses is growing at a rapid pace while the coin's price flirts with $10,000

Cover image via www.123rf.com
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Bitcoin has recently experienced a sudden uptick in new non-zero addresses, its biggest one since April's rally.

The leading cryptocurrency is attracting more users after its price gained more than 30 percent this January.

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New price highs, new addresses 

According to Glassnode data, the number of new addresses created over a seven-day period surpassed 400,000. This coincided with the BTC price creeping closer to the $10,000 level. 

The chart below shows that there is a clear correlation between the number of new addresses and Bitcoin's price action. The rapid growth of wallets came before Bitcoin's $13,888 peak in June, which ignited retail interest.

When the BTC price took a huge hit in December, it also took a toll on the creation of new addresses.  

Bitcoin Addresses
image by @glassnode

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500 mln confirmed transactions

Speaking of Bitcoin's fundamentals, the cryptocurrency that started it all surpassed 500 mln of confirmed transactions on Feb. 5.

The epic milestone came less than a month after the cryptocurrency community celebrated 11 years since the very first Bitcoin transaction between Satoshi Nakamoto and the late cypherpunk Hal Finney.   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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157.7 Mln XRP Moved by Former Ripple CEO, Binance and Anonymous Investors

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Thu, 04/09/2020 - 09:24
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  • Over the past 22 hours, crypto exchanges, including Ripple’s partner Bitso and Binance, have transferred a staggering 157.7 mln XRP. Ripple’s Chris Larsen also took part

Cover image via stock.adobe.com
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Large movements of a cryptocurrency are always a reflection of high interest in it from the crypto community. In this respect, XRP can compete with Bitcoin, and the XRP army is as loyal as the Bitcoin maximalists’ community.

Meanwhile, the Mexican Bitso, Binance and a few other crypto exchanges, with anonymous investors participating, have moved almost 160 mln XRP over the past twenty-four hours. The former Ripple chief executive also took part.

157.7 mln XRP moved, Chris Larsen involved

According to data from XRPL Monitor, crypto exchanges and anonymous wallets have recently transferred 157.7 mln XRP between one another.

Among the senders of this mammoth-sized amount was the Ripple co-founder and former CEO Chris Larsen, who was recently put on the Forbes 2020 list of billionaires. His net worth constitutes $2.6 bln. This time, however, he moved only 10 mln XRP – that’s $1,992,09.

Chris Larsen XRP
Image via Bithomp

Ripple’s ODL partner in Mexico, Bitso, transferred 38,837,866 XRP – 7,736,852 in USD.

Bitso
Image via Twitter

The other large lump was sent by the Binance blockchain giant – 30,000,000 XRP ($5,976,27).

In moving the rest of the 157.7 mln XRP, BitGo, Bitstamp and anonymous wallets participated.

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Chris Larsen beats his COVID-19

As reported by U.Today about a week ago, the former Ripple CEO Chris Larsen shared the news of his total recovery from the coronavirus pandemic. He did this on his official Twitter page and also encouraged other people who have beaten corona to donate blood to those who are still sick.

Medics have found that the blood of those who have managed to recover from the new global epidemic COVID-19 contains antibodies necessary to fight the coronavirus.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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