The number of Ethereum addresses holding at least one ETH ($593) has again hit an all-time high. Data released today by metrics site Glassnode showed that the figure now stands at 1,175,681.
Why? Because the price of Ethereum has soared this year and mania around the asset is increasing. It is also the platform most decentralized finance products are built on—and 2020 has been the year of DeFi.
📈 #Ethereum$ETH Number of Addresses Holding 1+ coins just reached an ATH of 1,175,681
Previous ATH of 1,175,651 was observed earlier today
The number of Ethereum addresses holding at least one ETH has slowly been on the up this year.
In January, the figure stood at 972,924. By June, when DeFi was well and truly exploding, it had passed 1 million.
In the past six months, the number of wallets holding 1 ETH or more has increased by more than 12%.
That may not sound like much but it shows that interest in the second-biggest cryptocurrency by market cap is growing—and that we are well and truly in a bull market.
Still, we aren’t quite where we were in 2017, when the price of ETH hit an all-time high of $1,300. Back then, wallets holding one ETH or more soared by over 1000% in the space of 12 months.
Currently, the price of ETH is $594, an increase of 9.5% in the past week, according to data from CoinMarketCap. The price of Ethereum has sharply risen ever since Bitcoin, the largest coin by market cap, started rising in October.
Bitcoin this week blasted past its all-time high price of about $19,500, set in 2017, to a few hundred dollars higher than that. The price of Bitcoin is $19,115, as of this writing.
U.S. payments company PayPal said Wednesday it plans to launch a new platform this fall that will link domestic digital wallets to its global network of billions of users.
Dubbed PayPal World, the system lets users of India’s UPI, China’s WeChat Pay, and Brazil’s Mercado Pago transact with PayPal or Venmo merchants abroad without opening new accounts or using cards.
“Moving money across borders is incredibly complex, and this platform is designed to make it simple for nearly two billion users,”...
MEI Pharma, a publicly traded pharmaceutical company, closed a $100 million private placement on Wednesday to refashion itself into a litecoin treasury firm.
MEI sold 29,239,767 shares of its common stock, raising roughly $100 million, Litecoin Foundation founder Charlie Lee told Decrypt. Under the agreement, the company sold its stock at $3.42 per share. Lee led the private placement alongside digital asset market maker GSR and will be joining MEI’s board of directors, according a statement fro...
A century-old Japanese textile company has become the latest financially battered firm to turn to Bitcoin as a treasury asset, announcing plans to purchase up to $5.4 million (800 million yen) in crypto to stabilize its bottom line after years of losses and muted cash flow.
Kitabo Co., Ltd., a Tokyo Stock Exchange-listed textile manufacturer that produces synthetic fibers and industrial materials, announced in a statement on Tuesday that it will begin gradually acquiring Bitcoin using dollar-cos...