More than half of all Ethereum hasn’t moved in 12 months

More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months. According to Glassnode’s “hodlwaves” chart, which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months — comprising the largest segment of on-chain activity. Ethereum hodlwaves: Glassnode The data suggests that many whales spent 2019 accumulating Ether in advance of the project’s ETH 2.0 overhaul — for which phase…

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Four-Year Anniversary of Bitfinex Hack, and $12M of Stolen BTC Moved

Someone with access to the 119,756 Bitcoin stolen from crypto exchange Bitfinex in 2016 moved $12 million to unknown wallets in the last six days. According to a series of tweets posted by Whale Alert on August 3, wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 620 Bitcoin (BTC) — worth roughly $7 million at the time of writing — over 4 transactions. On July 29, nearly $5 million — or 448 BTC — was moved in a single transaction.…

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Cryptocurrency Markets Moved by Regulatory Actions, Federal Reserve Bank Paper Shows

The Federal Reserve Bank of Dallas has published a paper showing how cryptocurrency markets are affected by crypto regulatory actions. The research also determines whether the authorities have some scope to make cryptocurrency regulation effective. Influencing Cryptocurrency Markets and Prices Last week, the Federal Reserve Bank of Dallas published a working paper entitled “Cryptocurrency Market Reactions to Regulatory News.” The 18-page report is an updated version of a paper by the same authors previously published by the Bank of International Settlements (BIS). It is co-authored by Raphael Auer, principal economist…

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