Largest Bitcoin Addresses Bought $11B More BTC Over The Last Month – January 13

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $34,093

Bitcoin price is hovering around the $34,000 mark today, appearing to find some stability following its recent correction.

Top-20 altcoins have also continued to stabilize, as Ethereum drops under 3%, XRP remains unchanged, and Synthetix enters the top-20 with a 15% rise.

Top Stories for January 13, 2021 πŸ”₯

πŸ‘‰ Largest Bitcoin Addresses Bought $11B More BTC Over The Last Month

On-chain analysis has shown that the 100 richest Bitcoin addresses have accumulated $11 billion more Bitcoin over the last 30 days.

Just seven of the top 100 addresses have even moved money out of their wallets since Bitcoin’s recent all-time high, implying the majority are leaning bullish on price.

In order to be in the top 100 richest Bitcoin addresses, one would have to hold more than $336 million worth of Bitcoin in a single address.

πŸ‘‰ Coinbase Issues Apology To UK And EU Customers

Coinbase has issued an open apology to users in the UK and EU, following weeks of troubles surrounding trading restrictions and system outages.

In a blog post, Coinbase has claimed the issues have been triggered by high traffic from new customer and returning users.

πŸ‘‰ OCC’s Brooks Calls For Update To Banking Regulations To Accommodate DeFi

Brian Brooks, the acting Comptroller of the Currency has called for an update to banking regulations in the wake of decentralized finance (DeFi) applications.

According to Brooks, most regulations focus on oversight for people, whereas DeFi needs restrictions for the technology itself.