Category: Besser

• Over two-thirds of the Bitcoin supply has not moved in a year despite volatile market conditions. • Over half the supply has not moved in two years or longer and 28% has been stationary for 5 years. • A “supply squeeze” is predicted as a result of the limited Bitcoin supply cap and increasing

• HSBC buys UK arm of collapsed Silicon Valley Bank (SVB) for £1 • Bank of England and HM Treasury work to help SVB customers • Move averts calamity for businesses, crypto customers in the UK Collapse of Silicon Valley Bank Silicon Valley Bank (SVB) collapsed last week, sending shock waves across the banking and

• Silvergate Bank recently filed that losses might leave it with less capital than it needs, forcing key partners such as Coinbase, Galaxy, and Paxos to stop accepting transfers via Silvergate Network. • USDC stablecoin issuer Circle has announced that it has moved its USDC reserve deposits out of Silvergate Bank due to the uncertainty

• Bitcoin supply on exchanges is at its lowest since 2017 bull market peak • Supply of Bitcoin on exchanges has been consistently decreasing since March 2020 • Bitcoins leaving exchanges in recent months are likely due to fears over security and transparency, heightened after FTX collapsed Bitcoin Supply On Exchanges Lowest Since 2017 Bull

• Two of the largest creditors of Mt.Gox, Bitcoinica and Mt. Gox Investment Fund, have opted for a Bitcoin payout from the company’s rehabilitation program which is set to begin on September 30, 2023. • The repayment deadline for registering payee information was pushed back to March 10, 2023 by the Mt. Gox Trustee Nobuaki

• Tether, a stablecoin issuer, reported a net profit of $700 million in Q4 2022. • This is the first time the company has disclosed its profit figures. • The report was attested by the accounting firm BDO and revealed that Tether’s consolidated assets exceeded its liabilities as of Dec. 31, 2022. Tether Reports Net

• Indonesia is planning to launch a national crypto exchange by June 2023. • The exchange will include five active and licensed platforms. • The country’s Financial Sector Development and Reinforcement Bill provides regulatory oversight of the exchanges. Indonesia to Unveil National Crypto Exchange The Indonesian government has announced plans to launch a national cryptocurrency

• Crypto prices moved sideways this week as the US dollar index continued its downward trend. • This report provides predictions for Solana, Theta Network, and Hooked Protocol’s HOOK prices. • Solana price has formed a triple-top pattern and a head and shoulders pattern, suggesting a bearish breakout in the coming days. This week, the

• The Bitcoin hash rate is the amount of computing power contributed towards mining. • The Bitcoin hash rate has continued to take new all-time highs, squeezing miners‘ profitability. • A high hash rate implies a healthy and more secure Bitcoin network. The Bitcoin hash rate is a key indicator of the health of the

• nil; Foundation has raised $22 million in a funding round led by Polychain Capital. • The firm will use funds to build a zero-knowledge proofs marketplace for Ethereum and L2s. • The nil; Foundation will use the funds to boost the development of its zero-knowledge (ZK) Proof Market protocol. The nil; Foundation, a zero-knowledge