Also: Bitwise's bitcoin fund has more than doubled in size, KuCoin was hacked and Jack Dorsey dropped a few more hints about his decentralized social media standard, Blue Sky.
Accredited investor interestBitwise's bitcoin fund has brought in $8.9 million, the single-largest increase in assets raised in the fund's two-year history, according to a recently amended filing with the Securities and Exchange Commission.
The firm's Bitcoin Fund provides accredited U.S. investors with exposure to bitcoin through a traditional product.
Bitcoin's well-known volatility is often seen as a barrier to entry for institutional clients, but the cryptocurrency has in fact been more stable than Tesla's stock.
KuCoin said in a statement that it detected large withdrawals of bitcoin and ethereum tokens to an unknown wallet beginning at 19:05 UTC time on Friday.
Five digit streak Bitcoin closed Sunday at $10,793 setting a record of 63 consecutive daily closes above $10,000, according to market data aggregated by Messari.
The bellwether cryptocurrency's previous record 62-day streak above $10,000 lasted from Dec. 1, 2017, through Jan. 31, 2018, when bitcoin reached its all-time high of just above $19,900 on Coinbase, CoinDesk's Zack Voell reports.
Exchanges down?The balance of bitcoin on major exchanges has hit its lowest levels since November 2018, potentially signalling a bullish view from bitcoin holders, as they move to longer-term holding strategies, such as cold wallets.
A rise in new investors during the coronavirus pandemic has led to a growth in "White glove" services, meaning fewer bitcoin on exchanges and more in managed portfolios.
Another possible explanation? Bitcoin is being moved to tokenization solutions for use in the DeFi ecosystem, CoinDesk's Muyao Shen reports.
Blockchain Bites: DeFi Meets NFTs, TSLA Beats Bitcoin in Volatility, Uniswap Breaks $2B
Udgivet den Sep 28, 2020
by Coindesk | Udgivet den Coinage
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