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Here Is How Much Mega Bitcoin Addresses Accumulated BTC In Past Seven-Weeks

Albert Brown
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Here Is How Much Mega Bitcoin Addresses Accumulated BTC In Past Seven-Weeks

Bitcoin Whales Bought the Dip, as 220,000 BTCs Were Accumulated Since December.



While small traders always run to safety during bear markets by converting their crypto assets to stablecoins, whale investors see the bear season as an opportunity to increase their crypto position by doing the exact opposite. 

The previous bear market that started in December 2021 is no different from others. New data suggests that Bitcoin (BTC) whales went on a shopping spree for the world’s largest cryptocurrency in the last seven weeks. 

Santiment Feed noted that Bitcoin whale address holdings of at least 1,000 BTC or more had added a combined 220,000 BTC since December 23, 2021. 

According to Santiment Feed, the development is the most rapid BTC accumulation the industry has seen since September 2019. 

 

It is worth noting that the massive accumulation happened when the price of Bitcoin was on a significant correction. 

Recall that since BTC peaked at $69,000 in early November, the nascent asset class shredded nearly 50% of its total market capitalization as the price dipped below $33,000.

Whales Buying Bitcoin Dip

Multiple reports showed signs of whale accumulation, as thousands of Bitcoins were bought and transferred from exchanges to external addresses. 

Whale Stats has reported such incidents, including the transfer of 3,500 BTC worth around $121,791,190 at the time, to an unknown wallet. 

While it is difficult to trace a majority of the owners of the addresses, a large part of the accumulation was carried out by popular entities. 

MicroStrategy, which has been on a Bitcoin purchase spree since it announced its intention to convert its excess cash reserves to BTC, disclosed late last year that it added another 1,914 BTC. 

Its last Bitcoin purchase pushed its total BTC holding to 124,391 BTC. 

In a similar development in El Salvador, the Bitcoin-friendly was not left out of the whale BTC accumulation during the last dip. As reported, El Salvador disclosed that it added 410 BTC during the asset plunge at an average price of $36,500 per BTC. 

 

Best Crypto Trading Bots For 2022

Mark Brennan
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Best Crypto Trading Bots For 2022

Some years ago most of the people didn’t even know what a Crypto Trading bot was.  Nowadays they are very popular between crypto community, and there are several reason for this.



First of all, even trading enthusiasts get bored and tired of being glued to the screen for hours. These pieces of software allow to automate these boring and repetitive tasks.

Unlike other automated bots, Crypto bots are not banned or considered as cheating. On the contrary, crypto Exchanges love crypto bots. It’s a win-win situation. Traders are able to execute advanced trading strategies with no effort or hassles, while crypto Exchanges get a lot trading volume and fees.

Which ones are the best trading bots for 2022? We have analyzed the most popular crypto trading bots to figure out which ones are the best choices, and these is what we got:

GunBot

GunBot is very powerful, and it’s recommended for both beginners and experienced traders. Gunbot is one of the pioneers automating crypto trading. It was released on December 2016. It has very powerful and advanced trading strategies included by default, for example: Bollinger Bands, Emotionless, DCA, pot Grid, Step Grid, SMA Cross and many more. This way any noob is able to pick the strategy, pick the coins he wants to trade with, and let the bot to do the hard work for him. On the other hand, the most experienced traders are able to customize every single behavior. Other interesting features are the ability to simulate and back test the results of any trading strategy, and TradingView Addon, that allows Gunbot to execute trading alerts sent by TradingView.com traders almost instantly. It works on more than 100 crypto exchanges. Another strong point of this bot is its big community and the good customer support.

Bitsgap

Bitsgap is an altcoin trading robot that the creators describe as an ‘all-in-one trading automation platform for Bitcoin and other Cryptocurrencies’. Investing in Bitsgap means getting access to the automated algorithms of the robot, but also means you can have a platform that is designed to work with more than 15 of the most popular crypto exchanges, including Binance, Kraken and Coinbase. The Bitsgap Bot allows traders to use predefined strategies or simply create their own algorithms. You do not need to download any software – the Bot is cloud-based, with safety and security in mind. With both desktop and mobile versions, you can use Bitsgap in the way that works best for you – and if you have any problems then customer support is available via email or on live chat.

Trality

Vienna-based Trality is at the forefront of innovative algorithmic trading solutions, with state-of-the-art automated trading tools for every level of investor. Choose between their Rule Builder, where beginners create bots using boolean logic (no coding required), or the Code Editor, the world’s first browser-based Python editor, for Python-coded bots. An impressive feature list includes end-to-end encryption, a blazing-fast backtester, financial data, and a robust debugger. Trality’s Crypto Bot Marketplace allows bot creators and investors to profit from each by renting fully vetted bots, and the Trality Masterclass provides informative educational modules on profitable automated trading. It’s easy to see why Trality has become THE place for automated trading.

Profit Trailer

Profit Trailer includes several pre-coded strategies, and it supports 10 of the most popular crypto exchanges. It was launched on September 2017 and nowadays is one of the most advanced crypto trading bots. Profit Trailer allows us to do paper trading and it’s possible to subscribe to crypto alerts. It’s dashboard is intuitive and it allows us to overview what our bot is doing, info about our purchased coins etc. We can configure our strategy and customize our settings by using the simple editor or the advanced editor. Mainly the Support is given through their Discord channel.

Crypto Trader

Crypto Trader is one of the most flexible ones, and it gives us a lot of options for customizing our trading strategies with almost no coding knowledge. The dashboard includes a drag and drop strategy editor that allows us to create endless strategies. Same as the others bots, it allows us to back test the trading strategies before starting to trade with real money. Crypto Trader supports 9 of the most popular exchanges and they keep adding new exchanges constantly.

These crypto trading bots are excellent options if you want to take trading seriously and take it to the next level.

Ripple Eyes $1, Takes Back 6th Place Surpassing ADA and SOL, Amid Favorable Development in SEC Lawsuit

Mark Brennan
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Ripple Eyes $1, Takes Back 6th Place Surpassing ADA and SOL, Amid Favorable Development in SEC Lawsuit

XRP is doing very well Amid Favorable Development in SEC v Ripple Lawsuit.



Following the recent ruling from Judge Analisa Torres, Ripple’s (XRP) price has surged to a whole new level not seen since the beginning of the year. 

XRP regained a market capitalization of $40 billion after a positive turn of events in Ripple’s legal battle against the Securities and Exchange Commission and has moved above Cardano (ADA) and Solana (SOL) to become the sixth-largest cryptocurrency by market capitalization.  

According to data on Coingecko, XRP has been up 37% in the last seven days and is currently trading around $0.8627 after reaching $0.91. The market cap of XRP stands at $41B, while the marketcap of Cardano and Solana is $39B and $35B, respectively.

Ripple’s Lawsuit Edges Closer to its End 

Recent developments in the hallmark lawsuit against the blockchain company saw Judge Torres rule that all sealed documents in the company’s legal battle against the SEC should be opened. 

The documents are expected to be a key determinant of whether Ripple conducted an unregistered security sale in the United States. 

During the early stages of the lawsuit, Ripple founder and chairman Chris Larsen added two memos as part of sealed exhibits in a bid to dismiss the SEC lawsuit that the cryptocurrency is not a security. 

The unidentified lawyers prepared documents that support the argument that Ripple did not refer to XRP as an investment contract or securities in its letter to prospective investors in 2012. 

“They [the sealed documents] will show that in 2012 Ripple received a legal analysis that XRP was not an investment contract. [We] look forward to the public having access to these documents as we continue to vigorously defend this case,” Ripple general counsel, Stuart Alderoty, said in a press briefing.

The surge in the price of XRP reflects investors’ happiness that Ripple’s lengthy legal battle with the SEC could soon be over, despite attorney John Deaton stating last month that the case may linger until next year. 

Should the memo be used as a basis for the dismissal, it would suggest that the government lacks knowledge about cryptocurrency. The SEC is unwilling to learn before litigation. 

So far, several experts, including attorney Deaton, are saying the SEC may not have better evidence to counter Ripple after the sealed documents are opened. 

As reported earlier, the lawsuit’s outcome will determine how cryptocurrencies are classed going forward.

Canadian Biggest Crypto Exchange Biconomy List Baby Doge Coin

Zabi
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Canadian Biggest Crypto Exchange Biconomy List Baby Doge Coin

Canadian Biggest Exchange Biconomy Global Makes Baby DogeCoin (BabyDoge) Available For Trading On Its Platform.



Baby Doge Coin, along with investors, also gathers attention from popular centralized cryptocurrency exchanges (CEXs).

Biconomy Global, one of the biggest Canadian cryptocurrency exchanges, has recently announced the listing of BabyDoge on its platform for trading. The exchange has reportedly opened its trading, deposits, and withdrawals feature for the coin at 11:00 UTC.

Biconomy Global is considered one of the biggest Canadian cryptocurrency exchanges, which serve 300k+ users worldwide, has a Twitter following of 100k + community. Biconomy had a 24-hour trading volume of $558 million, according to Coinmarketcap. which shows the significance of the exchange.

The listing on Biconomy Global doesn’t seem to help Baby Doge Coin’s price. At the time of writing this news, BabyDoge price is trading at $0.00000000399 per coin, showing a decrease of 6.7% from the previous trading day. The 24-hours trading volume for BabyDoge also seems to reduce 32.58% to $15,203,739.41 compared to the previous trading day.

Baby Doge Coin is one of the most trending coins on Twitter these days, as the coin is continuously reducing its supply by burning a quadrillion of coins. Since the start of the New Year 2022, BabyDoge has burned a total of 9.8 Quadrillion tokens worth $31.5 million.

The first burn took place on January 2, as BabyDoge wanted to celebrate New Year 2022 with its community and gift members something special. At that time, Baby Doge Coin confirmed the burning of 5 Quadrillion Baby Doge Coins, estimated at $11.50M.

Later, another burn of 4.8 Quadrillion tokens worth $20 million took place on the first day of February 2022.

Along with this burning in play, BabyDoge also comes up with an inbuilt deflationary mechanism that is burning millions of coins per day.

Combining the above burn and the burning, which occur through the inbuilt deflationary mechanism of BabyDoge, the meme token has managed to reduce 180 Quadrillion tokens (42.5%) till now, from its initial massive total supply of 420 Quadrillion tokens.

The current circulating supply for BabyDoge is standing at 159.278 Quadrillion tokens, as per data provided by CoinGecko. Still, the circulating supply is vast, and a considerable amount is left to reduce to make the price of meme coins more valuable.

Shiba Inu Announces Purchase/Auction Of Shiba Metaverse Lands With A Queue System

Zabi
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0
Shiba Inu Announces Purchase/Auction Of Shiba Metaverse Lands With A Queue System

Shiba Inu (SHIB) Announces Virtual Real Estate (Shiba Lands) Will Become Available For Purchase/Auction Soon.



Shiba Inu (SHIB) plans to lead the Metaverse sector, a rapidly growing $478.7 billion industry, as the SHIB team released its first-ever update regarding Shiberse on Wednesday.

Seeing the big players entering into the metaverse, back on January 24, 2022, Shiba Inu (SHIB) decided to launch its own “Shiberse,” which is supposed to be an immersive experience for its ecosystem and the Metaverse space, and this will lead SHIB to reach new heights.

Following the announcement of Shiberse, the official Twitter handle of SHIB recently released its first-ever update regarding Shiberse via tweet.

According to the update, Shiba Inu decided to introduce virtual real estate (Shiba Lands), which is projected to become available for purchase soon.

This announcement comes following the footsteps of The Sandbox (SAND) and Decentraland (MANA). Readers should note that SAND and MANA already have introduced the virtual real estate concept, and working on this idea, they are considered some of the biggest Metaverse platforms.

This virtual real estate announcement from the Shiba Inu team is considered its first step to allow the Shiba army to jump into the Metaverse before its full release.

Shiba Blog writes:

“We are happy to announce and proudly introduce ShibaLands! These “lands” found inside our Metaverse will be available for purchase/auction really soon, and it will be our first step towards allowing the community to jump into the Metaverse prior to its full release!”

In addition to the above announcement, the Shiba Inu team is also reported to be working on a queue system, which will be designed explicitly for the Shiba Land sales event. This queue system will help the Shiba Inu team make the process of purchasing metaverse lands fair and smooth for its community worldwide, as this will prevent Bots and Gas Wars.

The blog says:

“In addition, we are working on a queue system, specifically designed for the Shiba Land sales event. This system aids with the prevention of Bots and Gas Wars while making the process something fair and smooth for our community worldwide.”

Virtual Real Estate in the Shiba Metaverse. A leash is a token that grants you priority access to new launches and features in the Shiba ecosystem!

LEASH token holders will be given priority and exclusive features to Shiberse. The Shiba Inu team noted that the people interested in buying and accessing Shiba Lands exclusively and at the very first spot should have to hold LEASH tokens first. In this way, LEASH utility will come into play, a token used in Shibarium and the Doggy DAO.

“This queue allows exclusivity by requiring interested parties to hold “LEASH“, which gives priority and exclusive access to this first selling phase of the land plots in our Metaverse.”

Moreover, the team has worked on an anti-dump system to protect LEASH holders from scams.

More information is coming soon, and we will keep you updated with more details as soon as we have it regarding Shiberse. According to Shiba Inu’s recently released official medium blog post, the official name for “Shiberse” is expected to be announced later this month, as “Shiberse” is just the codename for Shiba Inu’s metaverse.

“eToro” Puts Shiba Inu Community In Suspense With Recently Released Teaser

Zabi
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“eToro” Puts Shiba Inu Community In Suspense With Recently Released Teaser

Something is again cooking for Shiba Inu.



eToro, an Israeli social trading and multi-asset brokerage company that focuses on providing financial and copy trading services such as forex and crypto, recently released a 6 seconds video teaser with the date mentioned in the caption, i.e. 13th February 2022.

In the video teaser, we can see Shiba Inu, a cute Japanese dog breed looking here and there like he’s searching for something while standing on the footpath. The teaser starts with the date 02.13.2022. As the teaser moves forward, we can see the following phrase in writing: “You Asked, We’re Coming,” and the teaser ends with eToro’s official logo.

The teaser looks like some upcoming partnership announcement for the Shiba Inu ecosystem. The details about the teaser haven’t yet been officially revealed, and nobody knows what an Israeli company “eToro” is up to. We have to wait until the curtains are unveiled officially either by eToro or Shib’s team.

Earlier on January 28, a leading developer of Shiba Inu (SHIB) token first tweeted a teaser “Something is cooking Are you ready” and after a few days on Feb 02, declared that Shib had partnered with Welly’s Restaurant. its the first shib bold step into “in-real-life” products. Welly’s is reportedly the first, and only SHIB themed restaurant powered by the community, and for the first time, the “burger joint” will bring food on the blockchain using Shibarium.

During the same announcement, which is made public via Shytoshi Kusama’s official medium post on Feb 02, the developer of Shiba Inu stated that this statement is supposed to be just an appetizer for SHIB holders and followers. He has one more announcement to disclose within this month, as the team is busy tackling a few more IRL industries at the moment.

The medium post reads as:

“Sure did! And at least one more is coming this month. I consider this deal an appetizer to our upcoming announcements as we tackle a few more IRL industries and change the world forever.”

Maybe this is an announcement that Shytoshi Kusama is talking about in his medium post. Readers must note that this isn’t about listing news at all, as eToro has already listed Shiba Inu (SHIB) for trading on its exchange way before July 29, 2021.

Wells Fargo: Global Crypto Adoption Is On The Rise And Could Reach An Explosive Growth Point In Near Future

Albert Brown
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Wells Fargo: Global Crypto Adoption Is On The Rise And Could Reach An Explosive Growth Point In Near Future

Analysts at the multinational bank Wells Fargo believe that cryptocurrencies are waiting for a “phase of hyper-acceptance” and a significant increase in users.


 

In the report, banking analysts compared the current development of the cryptocurrency industry with the development of the Internet in the mid and late 90s. At that time, the World Wide Web was gaining popularity, and in a few years, it penetrated almost all inhabited corners of the Earth. And according to Wells Fargo analysts, the same future awaits cryptocurrencies:

“Crypto users are growing globally and rapidly off a low base, cryptocurrencies are near a hyper-adoption phase similar to that of the internet, during the mid to late 1990s.

We believe that cryptocurrencies are viable investments today, even though they remain in the early stages of their investment evolution.”

As for the investors, Wells Fargo advises patience and hint only that professionally managed private investments are worth making. Right now Wells Fargo does not recommend speculation in exchange rates, ETFs, trusts, and similar instruments. Analysts hope more regulatory clarity will be in 2022, helping create “better” investment opportunities.

“We recommend professionally managed privately placements for now, as the investment landscape is still maturing.”

Bank emphasizes that now investing in digital assets requires appropriate training, but the sphere itself is extremely attractive because everything points to a repeat of the history of the Internet. That is, explosive growth, large-scale development, and universal popularity:

“Leaving aside the numbers, there is no doubt that the global adoption of cryptocurrencies is on the rise and could reach an explosive growth point in the near future.”

Crypto Adoption Looks Similar To The 1990s Internet:

According to Wells Fargo, we are still “at the beginning, but not too early” in crypto; we have a history of more than a decade that proves that Bitcoin is safe, and we can also expect more adoption in the future, like the internet.

“Crypto adoption rates look to be following the path of other advanced technologies, particularly the internet. If this trend continues, crypto could soon exist in the early adoption case and enter an inflection point of hyper-adoption, similar to other technologies, as shown in the graph. In the graph, there is a point where the adoption rate begins to rise and does not look back for the internet that was the mid to late 1990s. After a slow start in the 1990s, internet usage surged from 77 Million in 1996 to 412 million in 2000. By 2010 worldwide internet usage has grown to 1.98  billion, and today it sits at 4.9B.”

well forgo report

What to Do:

The bank highlights that investors need to be patient because most of the opportunities, according to the bank, lie in front of investors and not behind them.

Investors need to be prudent because adoption rates are rising, but investment options are a bit behind and still maturing.

Investors need to remain careful because the Bank warns that many popular cryptocurrencies may disappear tomorrow. This has already happened in two primary Bitcoin cycles and could be happening again now.

Compared to the internet, the text warns that the most accessed sites in 1996 and 1997 are no longer relevant today. In addition, this period was marked by a big bubble that broke several companies and, of course, investors.

In other words, it isn’t easy to know which cryptocurrency other than Bitcoin (BTC) will remain alive. So Wells Fargo notes that while there are opportunities, you need to monitor your portfolio at all times.

Large banks in the United States and worldwide are increasingly paying attention to the market, and the new report shows interest in the technology adoption curve.

KPMG Canada Adds Bitcoin And Ethereum To Its Balance Sheet

Mark Brennan
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KPMG Canada Adds Bitcoin And Ethereum To Its Balance Sheet

KPMG Canada, a division of one of the largest accounting firms globally,  has completed an allocation of crypto assets to its corporate treasury, the firm’s first direct investment in crypto assets.



KPMG in Canada acquired Bitcoin and Ethereum on its balance sheet through Gemini Trust Company LLC’s execution and custody services.

This decision reflects KPMG Canada’s belief that these cryptocurrencies as a “maturing asset class” can be interpreted in International Financial Reporting Standards (IFRS). Their presence on the balance sheet does not contradict the accounting policies of corporate clients.

By doing so, KPMG Canada indirectly forms the practice for the preparation of subsequent audit reports. KPMG said it “did a thorough risk assessment,” including an assessment of the tax implications, before deciding to add digital assets to the company’s balance sheet.

The press release writes:

“KPMG established a governance committee to provide oversight and approve the treasury allocation. The committee included stakeholders from Finance, Risk Management, Advisory, Audit, and tax. It undertook and completed a rigorous risk assessment process that included a review of regulatory, reputational, and custodial risks. KPMG specialists also assessed the tax and accounting implications of the transaction.”

Kareem Sadek, Advisory Partner, Cryptoassets and Blockchain Services co-leader, KPMG in Canada, said:

“The crypto asset industry continues to grow and mature, and it needs to be considered by financial services and institutional investors.”

A study by the Association of Certified Professional Accountants of Canada (CPA) notes that accounting policies that are acceptable for BTC and ETH will not be suitable for other cryptocurrencies, as they “have different characteristics.”

Following the latest edition of the Conceptual Framework, cryptocurrency can be considered “an active economic resource that gives the potential right to receive economic benefits.”

Recall that in February last year, KPMG, together with BitGo and Coin Metrics, announced the release of a set of products for identifying and managing risks in public blockchains.

Defi Meter.io Hacked For 1391 Ethereum And 2.74 Bitcoin Worth $4.3M

Mark Brennan
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Defi Meter.io Hacked For 1391 Ethereum And 2.74 Bitcoin Worth $4.3M

DeFi infrastructure company Meter lost about $4.3 million in Bitcoin and Ethereum in a hack.


According to PeckShield specialists, the damage amounted to 1391 ETH and 2.74 BTC. Meter confirmed the hack.

The attacker took advantage of a vulnerability in the automatic “unpacking” of gas tokens in the protocol, such as ETH and BNB.

Meter.io clarified:

“We have identified the issue: Passport has a feature to automatically wrap and unwrap gas tokens like ETH and BNB for user convenience.

However the contract did not block direct interaction of the wrapped ERC20 tokens for the native gas token and did not properly transfer and verify the correct number of WETH transferred from the callers’ address. We are working on compensating funds to all affected users.”

Based in Palo Alto, California, USA, Meter provides a smart contract interconnection service for DeFi.

The company said that they restored their cross-chain bridge, updated smart contracts.

“First and foremost, we want to thank our entire community and each one of our partners for their incredible support over the last 48 hours as we navigated the exploit on our bridge. We are happy to announce that we have upgraded our smart contracts and Passport is back online!”

The team says they have engaged a third-party auditor for the protocol code:

“We have engaged security audit firms for passport v1.5, which will be released soon. It will come with enhanced security and significantly lower fees.”

To compensate victims, the firm reserved $4.4 million in MTRG tokens.

“We’ve set aside $4.4M of MTRG based on today’s price.”

A New Whale In Town, Accumulates 3.4 Trillion Shiba Inu Tokens Worth $115M

Albert Brown
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A New Whale In Town, Accumulates 3.4 Trillion Shiba Inu Tokens Worth $115M

Another Shiba Inu Whale Spotted Holding Over 3.4 Trillion SHIB.



The number of large Shiba Inu (SHIB) token holders keeps increasing by the day as the cryptocurrency rally continues. 

According to data published by Whale Stats total, a new Shiba Inu whale has just been discovered after a whopping amount of SHIB was recently transferred to the address. 

Per the stats, a total of 3,457,477,154,937 SHIBs were transferred to an Ethereum wallet yesterday in two separate transactions. 

The first transactions saw about 3,437,315,050,008.5903 SHIBs sent to the address yesterday, while an additional 20,162,104,929.32 were later transferred in the early hours of today. 

At the time of writing, the total USD value of the wallet is worth around $115,649,942, according to the current market data on Coingecko. 

In total, the new whale accumulated 3.4 Trillion Shiba Tokens Worth $115M. The development comes less than 24 hours after Whale Stats reported that the top 100 SHIB holders control 25% of the meme coin total supply. 

SHIB Surges Amid Whale Accumulation

Several Shiba Inu whales took advantage of last week’s market dip to increase their position in the digital currency, a move that also pumped the price of the cryptocurrency to soar over 55% in the last seven days. 

SHIB growth over the past week has seen the memecoin flip FTX token to become the biggest ERC-20 holding among the top 1,000 ETH wallets earlier today. 

Also Shiba Inu was among the top gainers on Monday and showed an incredible performance. The price of SHIB skyrockets 50% to $0.00003518 in the last 24 hours. Shib was able to Reclaim $19 Billion Market Cap, Flipping Binance USD, and Become the 13th Biggest Crypto In The World.

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