PARSIQ research finds Bitcoin wealth is almost 50 times more concentrated than global wealth

50% of Bitcoin wealth is controlled by 0.023% of wallet addresses1 – compared to 50.1% of global wealth controlled by 1% of the world’s population2   Tallinn – PARSIQ, the blockchain monitoring and intelligence platform, has today announced the results of its study on the distribution of cryptocurrency wealth across the top five cryptocurrencies. It has found that Bitcoin wealth is concentrated in a relatively small number of wallet addresses, and this number hasn’t changed significantly in years.   Cryptocurrencies were created with the desire to create a more egalitarian…

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Bitcoin Market Outlook: Will the May 2019 Bitcoin price increase continue?

It looks to us like Bitcoin has turned a bit of a corner and sentiment might be more positive for the rest of the year.       Factors that we see that might create some upside momentum: Geo-Political Risk   There are a lot of potential conflict points in the world at the moment and all of these have the potential to put a fire under the Bitcoin price.   We have the USA / China trade war: The ongoing trade tensions are creating uncertainty in markets and it…

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BITCOIN NEWS TODAY – Is NOW a good time to buy Bitcoin?

Is now a good time to buy Bitcoin?  A question many ask as they wait to hear opinions on whether Bitcoin has “bottomed out” yet.  After Bitcoins meteoric rise at the end of 2017, and subsequent fall during 2018, all eyes are on what 2019 brings to the market.   Spencer Bogart, Blockchain Capital partner, discusses the outlook for Bitcoin and cryptocurrencies with Bloomberg Inteligence’s Mike McGlone and Emily Chang on “Bloomberg Technology” in the video below:             Please leave your questions and comments below:  

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Is Crypto “too small” for Regulation?

Off the back of news that speakers at the World Economic Forum in Davos, including Kenneth Rogoff, Professor of Economics at Harvard University, have claimed that crypto is “too small” for regulation.      So, is the market “too small”?  Several experts in the blockchain and crypto space, including representatives from Social Alpha Foundation, INVAO, and Gibraltar Stock Exchange, provided their thoughts below.   Nydia Zhang, Chairman and Co-founder of Social Alpha Foundation, a not-for-profit grant making platform focusing on social impact initiatives and projects, said: Despite its small market size,…

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