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🐳 Dormant Bitcoin wallet holding 321 BTC activated after eight years
A Bitcoin wallet containing millions of dollars worth of Bitcoin (BTC) has come out of dormancy. For one reason or another, the wallet has not transacted for years despite having what is considered life-changing money.
The wallet had not been used since 2013, barely a few years after the mysterious Bitcoin creator Satoshi Nakamoto disappeared. The wallet currently contains $15 million worth of BTC, and it’s unclear who owns this account or why it was reactivated on Tuesday.
The wallet has 321 BTC. After eight years, the value of this amount has increased from $6,594 to a staggering $15,103,046. By now, the funds in the wallet had appreciated almost 2,300 times.
The Bitcoin community is abuzz with speculation about who owns the wallet and why it has just come out of dormancy. Some believe that it could be a whale — an individual or group with a large stash of Bitcoin — who is about to make a move that will shake up the market.
Old, sleeping wallets from the early days of Bitcoin are being reactivated with large amounts of cryptocurrency inside. Early investors who put up a few hundred dollars and kept their stakes have evolved into BTC whales, with values continuing to rise.
Another Bitcoin wallet awoke in January after having been inactive since June 2010. The wallet had $5 million worth of BTC. In June 2021, another Bitcoin whale account with 900 BTC became active. On Sunday, another dormant address with 235 BTC ($11,114,901) was reactivated after nine years. A dormant address containing 225 BTC was activated on Thursday after almost eight-and-a-half years.
@DeCenterOrg
A Bitcoin wallet containing millions of dollars worth of Bitcoin (BTC) has come out of dormancy. For one reason or another, the wallet has not transacted for years despite having what is considered life-changing money.
The wallet had not been used since 2013, barely a few years after the mysterious Bitcoin creator Satoshi Nakamoto disappeared. The wallet currently contains $15 million worth of BTC, and it’s unclear who owns this account or why it was reactivated on Tuesday.
The wallet has 321 BTC. After eight years, the value of this amount has increased from $6,594 to a staggering $15,103,046. By now, the funds in the wallet had appreciated almost 2,300 times.
The Bitcoin community is abuzz with speculation about who owns the wallet and why it has just come out of dormancy. Some believe that it could be a whale — an individual or group with a large stash of Bitcoin — who is about to make a move that will shake up the market.
Old, sleeping wallets from the early days of Bitcoin are being reactivated with large amounts of cryptocurrency inside. Early investors who put up a few hundred dollars and kept their stakes have evolved into BTC whales, with values continuing to rise.
Another Bitcoin wallet awoke in January after having been inactive since June 2010. The wallet had $5 million worth of BTC. In June 2021, another Bitcoin whale account with 900 BTC became active. On Sunday, another dormant address with 235 BTC ($11,114,901) was reactivated after nine years. A dormant address containing 225 BTC was activated on Thursday after almost eight-and-a-half years.
@DeCenterOrg
💸 Bitcoin gains $1.5K in under an hour as BTC price erases days of downtrend
December’s Bitcoin options expiry event, worth almost $6 billion, could have provided the snap relief, traders argued, this traditionally pressuring BTC price action beforehand.
A survey by the Bitcoin Twitter account earlier in December showed that the majority of participants expected BTC/USD to be above $55,000 by the time of the expiry.
With volatility far from absent on Bitcoin, altcoins took the opportunity to follow suit, reversing some of the week’s losses.
Ether (ETH), the largest altcoin by market capitalization, traded at around $3,800 at the time of writing, still down 7.2% over the past seven days and below the $4,000 mark.
The top 10 cryptocurrencies by market cap saw between 1.5% and 4% gains at the time of writing.
@DeCenterOrg
December’s Bitcoin options expiry event, worth almost $6 billion, could have provided the snap relief, traders argued, this traditionally pressuring BTC price action beforehand.
A survey by the Bitcoin Twitter account earlier in December showed that the majority of participants expected BTC/USD to be above $55,000 by the time of the expiry.
With volatility far from absent on Bitcoin, altcoins took the opportunity to follow suit, reversing some of the week’s losses.
Ether (ETH), the largest altcoin by market capitalization, traded at around $3,800 at the time of writing, still down 7.2% over the past seven days and below the $4,000 mark.
The top 10 cryptocurrencies by market cap saw between 1.5% and 4% gains at the time of writing.
@DeCenterOrg
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🔥 PayPal Says It Is 'Exploring a Stablecoin' After Dev Discovers It in Code
For years, cryptocurrency has been hailed as a technology that would supplant centralized payment services because it could make transactions cheaper and cut out the financial intermediary.
But more and more, those legacy services are looking to incorporate crypto into their toolkits.
Today, PayPal confirmed that it is working on its own stablecoin after a developer discovered language about a "PayPal Coin" within its iPhone app. Bloomberg was the first to report the news.
PayPal told Bloomberg the code was part of a hackathon and wouldn't necessarily be representative of the final version.
"We are exploring a stablecoin," Senior VP of Crypto and Digital Currencies Jose Fernandez da Ponte told Bloomberg. "If and when we seek to move forward, we will of course, work closely with relevant regulators."
@DeCenterOrg
For years, cryptocurrency has been hailed as a technology that would supplant centralized payment services because it could make transactions cheaper and cut out the financial intermediary.
But more and more, those legacy services are looking to incorporate crypto into their toolkits.
Today, PayPal confirmed that it is working on its own stablecoin after a developer discovered language about a "PayPal Coin" within its iPhone app. Bloomberg was the first to report the news.
PayPal told Bloomberg the code was part of a hackathon and wouldn't necessarily be representative of the final version.
"We are exploring a stablecoin," Senior VP of Crypto and Digital Currencies Jose Fernandez da Ponte told Bloomberg. "If and when we seek to move forward, we will of course, work closely with relevant regulators."
@DeCenterOrg
🇰🇿 Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country's presiding cabinet resigned, but not before the state-owned Kazakhtelecom shut down the nation's internet, causing network activity to plunge to 2% of daily heights.
The move dealt a severe blow to Bitcoin mining activity in the country. As per data compiled by YCharts.com, the Bitcoin network's overall hash rate declined 13.4% in the hours after the shutdown from about 205,000 petahash per second (PH/s) to 177,330 PH/s. The country accounts for 18% of the Bitcoin network's hash activity.
Just days prior, the Kazakh government removed price caps on liquefied petroleum gas used for car fuel to align with market conditions, which doubled its price overnight, sparking violent protests. At the time of publication, the internet remains inaccessible in Kazakhstan. If extended, the consequences could be severe as internet services aside, the Data Center Industry & Blockchain Association of Kazakhstan expects the country to generate $1.5 billion from legal cryptocurrency mining (and another $1.5 billion in illicit) activities over the next five years.
The country's low energy prices have attracted both domestic and foreign entities to set up shop for Bitcoin mining. According to Global Petrol Prices, electricity in Kazakhstan costs on average just $0.055 per kWh for businesses, a fraction of the $0.12 per kWh paid by U.S. businesses.
@DeCenterOrg
On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country's presiding cabinet resigned, but not before the state-owned Kazakhtelecom shut down the nation's internet, causing network activity to plunge to 2% of daily heights.
The move dealt a severe blow to Bitcoin mining activity in the country. As per data compiled by YCharts.com, the Bitcoin network's overall hash rate declined 13.4% in the hours after the shutdown from about 205,000 petahash per second (PH/s) to 177,330 PH/s. The country accounts for 18% of the Bitcoin network's hash activity.
Just days prior, the Kazakh government removed price caps on liquefied petroleum gas used for car fuel to align with market conditions, which doubled its price overnight, sparking violent protests. At the time of publication, the internet remains inaccessible in Kazakhstan. If extended, the consequences could be severe as internet services aside, the Data Center Industry & Blockchain Association of Kazakhstan expects the country to generate $1.5 billion from legal cryptocurrency mining (and another $1.5 billion in illicit) activities over the next five years.
The country's low energy prices have attracted both domestic and foreign entities to set up shop for Bitcoin mining. According to Global Petrol Prices, electricity in Kazakhstan costs on average just $0.055 per kWh for businesses, a fraction of the $0.12 per kWh paid by U.S. businesses.
@DeCenterOrg
🪙 PayPal reportedly confirms plans to explore the launch of a stablecoin
American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.
Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s senior vice president of crypto and digital currencies, told Bloomberg News: “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.”
Moser’s finding uncovered that PayPal is in the works of building PayPal Coin, which will be backed by the United States dollar. However, a PayPal spokesperson clarified that the source codes of the iPhone application were developed in a recent hackathon.
While PayPal’s digital asset is in the making, the name, logo and features of the in-house token are subject to change prior to launch. Supporting the ongoing development, PayPal has previously launched new features that allow users to buy, hold and pay with digital coins.
In addition to launching its own stablecoin, PayPal has also taken proactive measures to spread crypto-related services in jurisdictions out of the United States.
@DeCenterOrg
American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.
Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s senior vice president of crypto and digital currencies, told Bloomberg News: “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.”
Moser’s finding uncovered that PayPal is in the works of building PayPal Coin, which will be backed by the United States dollar. However, a PayPal spokesperson clarified that the source codes of the iPhone application were developed in a recent hackathon.
While PayPal’s digital asset is in the making, the name, logo and features of the in-house token are subject to change prior to launch. Supporting the ongoing development, PayPal has previously launched new features that allow users to buy, hold and pay with digital coins.
In addition to launching its own stablecoin, PayPal has also taken proactive measures to spread crypto-related services in jurisdictions out of the United States.
@DeCenterOrg
🦧 Bored Ape Yacht Club is a huge mainstream hit, but is Wall Street ready for NFTs?
Within months after its launch in April 2021, Bored Ape Yacht Club (BAYC) has become one of the main reasons Wall Street should take the emerging nonfungible token (NFT) market seriously, thanks to its recent sales turnover of over $1 billion.
For the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic apes with stylish clothes and disreputable expressions. Each ape is practically an image file that should be worthless in a sane world. Nonetheless, they have been managing to fetch astonishing sums, sometimes from some of the world's most renowned celebrities.
For instance, Jimmy Fallon, a popular American TV host, bought the image of a Bored Ape that wore a striped T-shirt and heart-shaped shades for almost $220,000 in November last year. And very recently, Academy Award-winning rapper Eminem paid nearly $462,000 for an ape that somewhat resembled him.
Meanwhile, one of the rarest Bored Apes, which had a gold fur trait, fetched $3.4 million in an online auction held by Sotheby's in October, breaking the record of another rare ape with laser eyes, which was sold to the Sandbox for $2.9 million a month before.
As stated, BAYC's net sales recently crossed the $1-billion-mark, almost 10% of what Apple earned in 2021. Meanwhile, the NFT sector, on the whole, processed sales worth $41 billion, which came to be almost equal to the global art sales in the year, data from Chainalysis showed
Matt Hougan, the chief investment officer of Bitwise Asset Management, admitted that many of their clients had been looking for exposure in the NFT space without needing to crisscross through its daunting technology.
In response, Bitwise launched a dedicated fund last mont, which tracks its own Bitwise Blue-Chip NFT Collections Index — a basket of the ten largest NFT collections weighted by market capitalization — and buys and holds artworks from BAYC, CryptoPunks, and other NFT projects.
@DeCenterOrg
Within months after its launch in April 2021, Bored Ape Yacht Club (BAYC) has become one of the main reasons Wall Street should take the emerging nonfungible token (NFT) market seriously, thanks to its recent sales turnover of over $1 billion.
For the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic apes with stylish clothes and disreputable expressions. Each ape is practically an image file that should be worthless in a sane world. Nonetheless, they have been managing to fetch astonishing sums, sometimes from some of the world's most renowned celebrities.
For instance, Jimmy Fallon, a popular American TV host, bought the image of a Bored Ape that wore a striped T-shirt and heart-shaped shades for almost $220,000 in November last year. And very recently, Academy Award-winning rapper Eminem paid nearly $462,000 for an ape that somewhat resembled him.
Meanwhile, one of the rarest Bored Apes, which had a gold fur trait, fetched $3.4 million in an online auction held by Sotheby's in October, breaking the record of another rare ape with laser eyes, which was sold to the Sandbox for $2.9 million a month before.
As stated, BAYC's net sales recently crossed the $1-billion-mark, almost 10% of what Apple earned in 2021. Meanwhile, the NFT sector, on the whole, processed sales worth $41 billion, which came to be almost equal to the global art sales in the year, data from Chainalysis showed
Matt Hougan, the chief investment officer of Bitwise Asset Management, admitted that many of their clients had been looking for exposure in the NFT space without needing to crisscross through its daunting technology.
In response, Bitwise launched a dedicated fund last mont, which tracks its own Bitwise Blue-Chip NFT Collections Index — a basket of the ten largest NFT collections weighted by market capitalization — and buys and holds artworks from BAYC, CryptoPunks, and other NFT projects.
@DeCenterOrg
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Bybit： Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 3 million registered users. Come and join us!!
⚡️ Neobank N26 is planning to launch a crypto trading business this year.
💼 Block job postings reveal Jack Dorsey’s Bitcoin plans
In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC” and make a hardware wallet for the next 100 million Bitcoin (BTC) users.
The two roles are based at Block’s headquarters in San Francisco and were added to the job posting platform in the past 24 hours.
For the role of the custom digital design lead, the candidate will help “silicon validation of the ASIC and its prototype.” An ASIC is a small machine that can be used for Bitcoin mining and is considered the best option for Bitcoin network security. The new job posting confirms that Block sets out to develop purpose-built ASICs for BTC mining.
The second vacancy is for the hardware wallet’s global fulfillment and logistics lead. At the job’s core is “bringing easy-to-use, reliable self-custody to a global audience.” Ultimately, Block seeks to distribute its hardware wallets to over 100 countries.
The news aligns with Dorsey’s announcements made in 2021. Back when Block was called Square, Dorsey tweeted, “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.”
Back in July, Square claimed to be developing an “assisted custody” BTC hardware wallet. It appears the plans are now coming together.
Block is the holding name for Square, CashApp, Spiral, Tidal and TBD54566975. Tidal music streaming service aside, each company is dedicated to furthering Bitcoin adoption and economic empowerment.
Among Block’s suite of companies, there are 650 jobs available around the world. For Block, there are several live listings for state public policy leadership positions across the United States as well as the two aforementioned product-related roles.
Since stepping down as CEO of Twitter, Dorsey has been vocal in his support for Bitcoin while outspoken in his opposition to Web3 — sometimes with varying results. Following a series of well-aimed tweets, he was stuck between a block and a hard place after he had tweeted that venture capitalists own Web3. Marc Andreessen, CEO of Andreessen Horowitz, swiftly blocked him.
@DeCenterOrg
In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC” and make a hardware wallet for the next 100 million Bitcoin (BTC) users.
The two roles are based at Block’s headquarters in San Francisco and were added to the job posting platform in the past 24 hours.
For the role of the custom digital design lead, the candidate will help “silicon validation of the ASIC and its prototype.” An ASIC is a small machine that can be used for Bitcoin mining and is considered the best option for Bitcoin network security. The new job posting confirms that Block sets out to develop purpose-built ASICs for BTC mining.
The second vacancy is for the hardware wallet’s global fulfillment and logistics lead. At the job’s core is “bringing easy-to-use, reliable self-custody to a global audience.” Ultimately, Block seeks to distribute its hardware wallets to over 100 countries.
The news aligns with Dorsey’s announcements made in 2021. Back when Block was called Square, Dorsey tweeted, “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.”
Back in July, Square claimed to be developing an “assisted custody” BTC hardware wallet. It appears the plans are now coming together.
Block is the holding name for Square, CashApp, Spiral, Tidal and TBD54566975. Tidal music streaming service aside, each company is dedicated to furthering Bitcoin adoption and economic empowerment.
Among Block’s suite of companies, there are 650 jobs available around the world. For Block, there are several live listings for state public policy leadership positions across the United States as well as the two aforementioned product-related roles.
Since stepping down as CEO of Twitter, Dorsey has been vocal in his support for Bitcoin while outspoken in his opposition to Web3 — sometimes with varying results. Following a series of well-aimed tweets, he was stuck between a block and a hard place after he had tweeted that venture capitalists own Web3. Marc Andreessen, CEO of Andreessen Horowitz, swiftly blocked him.
@DeCenterOrg
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Bybit： Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 3 million registered users. Come and join it!
Bybit： Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 3 million registered users. Come and join it!
🔥 Group of U.S. banks plans to offer its own stablecoin, called USDF, in a move to tackle concerns about the reserves behind non-bank issued equivalents.
— Comprising institutions backed by the Federal Deposit Insurance Corporation (FDIC), one of the industry's key regulators, the group said the coin will "addresses the consumer protection and regulatory concerns of non-bank issued stablecoins," according to an announcement Wednesday.
— Founding members of the USDF Consortium include New York Community Bank, FirstBank and Sterling National Bank. The consortium wants more financial institutions to join.
— While stablecoins play a role in the broader crypto ecosystem by offering traders and investors secure entry and exit points because they are pegged to assets such as fiat currencies, there is concern about the opaque nature of some of the reserves that back up non-bank stablecoins such as Tether's USDT.
— Earlier this month CoinDesk joined a court case seeking access to documents received by the New York Attorney General's office (NYAG) from Tether.
— News of the consortium's plans emerged in November last year when Figure Technologies met with U.S. regulators to discuss issuing such a stablecoin.
@DeCenterOrg
— Comprising institutions backed by the Federal Deposit Insurance Corporation (FDIC), one of the industry's key regulators, the group said the coin will "addresses the consumer protection and regulatory concerns of non-bank issued stablecoins," according to an announcement Wednesday.
— Founding members of the USDF Consortium include New York Community Bank, FirstBank and Sterling National Bank. The consortium wants more financial institutions to join.
— While stablecoins play a role in the broader crypto ecosystem by offering traders and investors secure entry and exit points because they are pegged to assets such as fiat currencies, there is concern about the opaque nature of some of the reserves that back up non-bank stablecoins such as Tether's USDT.
— Earlier this month CoinDesk joined a court case seeking access to documents received by the New York Attorney General's office (NYAG) from Tether.
— News of the consortium's plans emerged in November last year when Figure Technologies met with U.S. regulators to discuss issuing such a stablecoin.
@DeCenterOrg
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Bybit： Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 3 million registered users. Come and join us!!
Bybit： Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 3 million registered users. Come and join us!!
🇹🇴 Tonga, a small island nation of 105,000 people, could make Bitcoin legal tender, following El Salvador.
Member of Parliament Lord Fusitua says he is already talking to Jack Mallers and interested to buy Bitcoin for $750 million of the country's reserves.
Many economists and world leaders have expressed their concern over countries following El Salvador’s suit. For countries such as Tonga, there are inflationary pressures at play to consider such a move as well.
@DeCenterOrg
Member of Parliament Lord Fusitua says he is already talking to Jack Mallers and interested to buy Bitcoin for $750 million of the country's reserves.
Many economists and world leaders have expressed their concern over countries following El Salvador’s suit. For countries such as Tonga, there are inflationary pressures at play to consider such a move as well.
@DeCenterOrg
🌳Blockchain technology erases boundaries and allows everyone to contribute to a better future for our planet.
FOSTER plans to plant 100 million trees🌱 in 11 countries over the span of 30 years. Combining afforestation with blockchain technology, FOSTER aims to create a transparent ecosystem that is accessible for everyone.
FOS token holders can earn 40 to 400% per year in USDT. The more trees planted per year by the FOSTER community, the higher the return to FOSTER investors.
Join and contribute to the future of our planet:
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FOSTER plans to plant 100 million trees🌱 in 11 countries over the span of 30 years. Combining afforestation with blockchain technology, FOSTER aims to create a transparent ecosystem that is accessible for everyone.
FOS token holders can earn 40 to 400% per year in USDT. The more trees planted per year by the FOSTER community, the higher the return to FOSTER investors.
Join and contribute to the future of our planet:
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🚗 Elon Musk announced that Tesla now accepts Dogecoin as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet.
While it's accepting DOGE, the firm also clarified that they are not taking any other crypto. The company states that it cannot detect other assets but DOGE on its website. The business tells customers that «non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.»
@DeCenterOrg
While it's accepting DOGE, the firm also clarified that they are not taking any other crypto. The company states that it cannot detect other assets but DOGE on its website. The business tells customers that «non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.»
@DeCenterOrg
🔒 Tether freezes $150 million in USDT
Tether has added three more Ethereum addresses, holding more than $150 million worth of the Tether (USDT) stablecoin among them, to its blacklist.
As a centralized company, Tether is able to blacklist addresses it believes are involved in crime, money laundering or for any other reason it chooses.
This is the first time Tether has blacklisted an address in 2022, but it added 312 addresses to its blacklist last year and has added 563 since it first did so on Nov. 28, 2017.
@DeCenterOrg
Tether has added three more Ethereum addresses, holding more than $150 million worth of the Tether (USDT) stablecoin among them, to its blacklist.
As a centralized company, Tether is able to blacklist addresses it believes are involved in crime, money laundering or for any other reason it chooses.
This is the first time Tether has blacklisted an address in 2022, but it added 312 addresses to its blacklist last year and has added 563 since it first did so on Nov. 28, 2017.
@DeCenterOrg
🏝 Rio de Janeiro mayor plans to invest 1% of the city's treasury in Bitcoin, and may also offer a discount on property taxes if paid with Bitcoin.
Pedro Paulo, secretary of finance and planning of the city, at the event said: «We are studying the possibility of paying taxes with an additional discount if you pay with bitcoins. You take the discount of the single quota of 7% (of the IPTU) , it becomes 10% if you pay in bitcoin,» said Paulo. «Let's study the legal framework to do this.»
@DeCenterOrg
Pedro Paulo, secretary of finance and planning of the city, at the event said: «We are studying the possibility of paying taxes with an additional discount if you pay with bitcoins. You take the discount of the single quota of 7% (of the IPTU) , it becomes 10% if you pay in bitcoin,» said Paulo. «Let's study the legal framework to do this.»
@DeCenterOrg
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🗂 68% of US crypto holders started investing in 2021
About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 by Huobi Group.
The company polled about 3 100 American adults in mid-December 2021 to assess respondents’ knowledge of crypto, what they think about the crypto market rise in 2021 and more.
The survey found 68% of respondents got their first crypto exposure within the last year, while another 21% of those started investing in crypto up to two years ago. 12% of respondents made their first crypto investment within four years, while 9% began investing in crypto more than four years ago.
@DeCenterOrg
About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 by Huobi Group.
The company polled about 3 100 American adults in mid-December 2021 to assess respondents’ knowledge of crypto, what they think about the crypto market rise in 2021 and more.
The survey found 68% of respondents got their first crypto exposure within the last year, while another 21% of those started investing in crypto up to two years ago. 12% of respondents made their first crypto investment within four years, while 9% began investing in crypto more than four years ago.
@DeCenterOrg