Bitcoiners to Check Exchanges on 3rd Jan

On the 10th anniversary of Bitcoin genesis block creation, users are going to withdraw thier assets from the exchange
18 December 2018   542

Cryptocurrency users plan to celebrate the tenth anniversary of the release of the Bitcoin genesis block by withdrawing their assets from the exchanges, writes Trustnodes.

On the 3rd of January 2019, 10 years on, let us all [withdraw] our BTC to wallets we control. Let’s see if it is all there, let us see who fails, let us see the network work.

Post at Reddit

Who is behind this initiative is unknown. Some already call it proof of solvency or proof of trust. In other words, “bank raid”.

How exactly the removal of the exchanges will take place is also not entirely clear. Typically, exchanges use a two-tier system and place 5-10% of the available funds on their hot wallets, while most of them are on cold wallets with additional protection.

Hot wallets, with coordinated efforts, can be expected to become empty rather quickly. Then unscrupulous exchanges will say that they cannot process requests until they transfer cryptocurrency from cold to hot wallets in order to gain additional time.

Of particular interest is the Bitfinex cold wallet. Usually, its balance grows, then decreases for relatively short periods of time, but no movement on it has been observed for more than a month.

All recent transactions were near zero, and the last time real activity on it was recorded on November 2, when 1337 BTC arrived on the wallet.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   81

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.