How Many People Actually Have At Least 1 Bitcoin?

Bitcoin has consolidated above $10,000 this week. This is a pretty decent amount for one coin, so you might wonder how many people hold at least 1 BTC. Only About 2% of Addresses Hold 1 Bitcoin or More We’ll begin by checking the distribution of Bitcoin by addresses as presented by BitInfoCharts. As you can see, there are 633,008 addresses that have at least 1 BTC (1.68 million coins in total), which is 2.18% of all addresses out there. However, one address doesn’t necessarily equal one person, so we’ll have…

Bitcoin Price Next Stop is $12K, MKM Partners Analyst Calls

Bitcoin has consolidated above $10,000 this week, gaining 45% year-to-date. According to a technical analyst, the rally hasn’t consumed yet. Bitcoin Enters High-Momentum Phase JC O’Hara, chief market technician at MKM Partners, told CNBC’s “Trading Nation” yesterday that cryptocurrencies tend to trade in two distinguishable phases. The first is the dormant consolidation phase, which is followed by a high-momentum phase. As of today, Bitcoin is fluctuating within the second one. And when you look at bitcoin we’re starting to see signs that the dormant consolidation from the second half of…

Craig Wright Refuses to Share Key Documents in Court

Every other week we witness a fresh twist in the longstanding courtroom farce that is Craig Wright vs Ira Kleiman. In this episode, Craig says he is ‘both exercising a right and fulfilling an obligation’, by not sharing over 10,000 documents with the court, in the case brought against him by the estate of Dave Kleiman. Are Dissolved Companies Privileged? The latest update follows on from Wright’s earlier insistence that he could not provide the requested documents due to the existence of client/attorney privilege. Ira Kleiman, brother of Dave, argued…

Dropbit Wallet CEO Charged with Money-Laundering

Privacy of crypto transactions has been challenged again, as the CEO of the Dropbit app Larry Harmon has been arrested and charged with conspiracy to launder money. Dropbit CEO Larry Harmon Faces 30 Years in Prison Dropbit, the Bitcoin wallet and service, continues to operate for now. But Coin Ninja, Harmon’s cryptocurrency media, had its assets seized. The most contentious issue was the Helix service, which could help Dropbit clients mix their coins. Peter McCormack, prominent Bitcoin supporter, has noted in a lengthy Twitter thread that Harmon faces serious consequences…