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The five crypto news you couldn’t miss this week!

Photo of: Nathan VDH
by Nathan VDH

Bitcoin seems unstoppable

Weeks follow one another and look alike for Bitcoin which is in great shape. This week it has passed a new symbolic bar, that of $18,000. For those who have been in the cryptosphere since 2017, what is happening now must obviously remind them of the bull run that Bitcoin experienced in December 2017, when the BTC was close to $20,000 before falling back and going through a period called the crypto winter. Today, we can see that many very large institutional players and investors are flocking and investing part of their cash in Bitcoin to protect themselves from inflation, which leads many analysts to say that the current surge in the price is not the same as that of 2017 and that we could well see a continuation of this upward trend in 2021. To be continued in the coming weeks…

The number of new Bitcoin addresses explodes in 24 hours

We have just seen it, Bitcoin is doing very well. Day after day, it is breaking records and getting closer and closer to its highest ever price (ATH) of $19,665.39 on December 17, 2017. A very tangible parameter that measures this Bitcoin frenzy is the number of new BTC addresses. According to the analysis firm Glassnode, the number of new BTC addresses exploded in 24 hours. According to it, the number of new Bitcoin addresses registered per hour reached nearly 25,000 for the first time since January 2018, she tweeted on Wednesday, November 18. The number of new addresses over a 24-hour period reached a record high on December 21, 2017, with more than 600,000 addresses completed. How long will this record last? Watch for the next few weeks!

Fund manager Grayscale now holds 500,000 Bitcoins!

On Monday, November 16, 2020, fund manager Grayscale indicated via Twitter that it now holds more than 500,000 Bitcoins (or $8.3 billion), which corresponds to 2.69% of Bitcoin’s total offering and market capitalization (BTC). But since approximately 3.7 million BTCs are considered permanently lost, Grayscale could therefore be in possession of 3.37% of the outstanding bitcoins. The company has been accumulating a lot of bitcoin since the beginning of 2020 with a very aggressive purchasing policy: the fund has increased the number of bitcoins by almost 50% in the last six months and last week Grayscale recorded its most significant weekly inflow, with 15,907 bitcoins worth 215 million dollars.

Spanish security services giant Prosegur arrives in the cryptocurrency business

An international giant in security services has taken the step of cryptocurrencies. The Spanish company Prosegur has just launched a specialized subsidiary that will offer crypto guard services. The Madrid-based company has more than 160,000 employees worldwide and will post net profits of $190 million in 2019. It will therefore offer a complete solution for the management and custody of digital assets for financial institutions, government agencies and fund and investment managers. Raimundo Castilla, the new CEO of Prosegur Crypto, said “Our platform will meet a real and urgent need that exists in today’s market”.

Mexican Billionaire and Game of Thrones Actress Buy Bitcoins

Twitter is definitely the preferred platform for those who want to announce to the world that they are Bitcoin fans. This week, the bluebird social network was indeed used by two personalities to make this kind of announcement. First of all, the billionaire Ricardo Salinas Pliego, the founder of the Grupo Salinas business empire, which has an estimated fortune of 13.2 billion dollars. In a series of tweets on November 17, he proved to be a true Bitcoin evangelist, telling his 810,000 followers that he had invested 10% of his “liquid portfolio” in Bitcoin. On the same day, actress Maisie Williams (who plays Arya Stark in the Game of Thrones series) agitated the Twittosphere by asking her 2.7 million followers whether or not she should buy Bitcoin. 53.4% voted “no” and 46.6% advised her to take the plunge. She tweeted after seeing the results slightly in favor of no, that she had bought Bitcoin anyway.