Auto Added by WPeMatico

Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange

While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022,…

Continue ReadingBinance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange

Grayscale cites security concerns for withholding on-chain proof of reserves

Grayscale shared a letter from Coinbase Custody attesting that each of Grayscale’s crypto products is fully backed, but stopped short of providing the wallet addresses.

Continue ReadingGrayscale cites security concerns for withholding on-chain proof of reserves

Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC

During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months…

Continue ReadingClose to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC

Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin

The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his…

Continue ReadingKenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin

Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities…

Continue ReadingBitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used…

Continue ReadingOnchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency

On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report…

Continue ReadingVaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency

BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low

While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021.…

Continue ReadingBTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low

5 Crypto Exchanges Custody 1.6 Million Bitcoin or Close to 8% of the Capped Supply

As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin. The bitcoin holdings…

Continue Reading5 Crypto Exchanges Custody 1.6 Million Bitcoin or Close to 8% of the Capped Supply

El Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin

The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He…

Continue ReadingEl Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin