• 60% of bitcoins locked away
    Bitcoin

    60% of all bitcoins are ‘digital gold’ locked away by hodlers

    New research from blockchain intelligence firm Chainalysis research also shows that just 13,600 professional traders control the liquidity of Bitcoin’s marketplace

    Of those in circulation, 11.4 million, worth about $104 billion at the press time price of $9,128, has been held for many years. Another 3.5 million is used for trading and moves frequently—primarily between exchanges.

  • KPMG Chain Fusion launches
    Cryptocurrencies,  Technology

    KPMG Chain Fusion launches, helping blockchains ‘talk’ to legacy bank systems

    It is hoped that the data standardization tool will allow traditional financial systems to communicate more effectively with blockchain protocols

    The audit, tax and advisory giant KPMG has launched a service designed to connect the systems used by banks and fintech firms with those relied on by cryptocurrency and digital asset platforms.

  • Cryptocurrencies,  Technology

    In major U-turn, PayPal may allow 325M users to buy crypto. Are exchanges under threat?

    Experts are upbeat that PayPal’s rumored entry into crypto would be good for the industry—with greater exchange trading volumes ‘across the board’

    PayPal is reportedly preparing to start directly selling cryptocurrencies to its 325 million users—with job vacancies for blockchain experts popping up on its careers site. If confirmed, this would be a major U-turn for the fintech giant, and a big step towards mainstream adoption of Bitcoin.

  • YouHodler partners with Ledger
    Cryptocurrencies,  Technology

    Crypto lender YouHodler turns to Ledger for digital asset security

    Along with its Ledger Vault platform, the cryptocurrency and blockchain security firm will offer the fintech firm access to its $150 million pooled crime insurance policy from Lloyds of London and Marsh

    Ledger Vault provides IT infrastructure for financial institutions to ensure that they can reduce the security risks associated with holding digital assets on behalf of their users.