Analysts at Ark Invest found that long-term investors or so-called hodlers have been buying up bitcoins over the past few months. They took advantage of the collapse of the BTC rate in the spring and summer of 2022 and accumulated a record amount of cryptocurrency. Currently, hodlers control...
In mid-September, Arcane Research reported that the number of bitcoins placed on crypto exchanges had dropped to a three-year low. The last time a similar situation was observed was in August 2018. Long-term BTC holders refuse to sell cryptocurrencies even as they drop in value. According to...
Santiment data shows that the whales have taken advantage of the drop in ether to buy cryptocurrency at comfortable prices. The number of wallets. containing more than $ 100,000 of ETH rose to its highest level since January 2018. Whales have intensified amid falling altcoin prices from $ 4,358 to...
Amid the acute financial crisis in Argentina, investments in cryptocurrencies are growing. Argentina is currently on the list of Latin American countries leading in terms of Bitcoin purchases through the LocalBitcoins platform. The local peso currency is rapidly losing market position, and people...
ProtonMail announced on November 16 that it hasn’t been using any of BTCs it has received as payment from its premium users for years. The message was in answer to a client who accused that he felt derelict for using Bitcoin on a ProtonMail invoice instead for a long-term hodling. The exchange...
Internal Revenue Service sent new guidance to cryptocurrency holders. The IRS published two documents (a ruling and a question-and-answer paper) on Wednesday. This is the first guidance since 2014, and it contains information about expected methods of reports about income from cryptocurrencies....
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