Business
Bitcoin whales: what are they – and how are they affecting the cryptocurrency’s price? – Business Insider Australia
A bitcoin whale is a term that refers to individuals or entities that hold large amounts of bitcoin, according to Investopedia. There are around 1,000 individuals…
A bitcoin whale is a term that refers to individuals or entities that hold large amounts of bitcoin, according to Investopedia. There are around 1,000 individuals who own 40% of the market.
Whales have the potential to manipulate the currency valuations and, given bitcoin’s fluctuations in recent weeks, they are increasingly under the spotlight.
The Telegraph reported on Friday that, according to industry data, around 13% of all Bitcoin, or around $US80 billion, sits in just over 100 individual…
-
Noosa News15 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop
-
General10 hours agoFarmers develop ‘autofill’ tech so agricultural robots can operate around the clock
-
General11 hours agoChoosing an online exercise program can be confusing. Here’s what to look out for
-
Noosa News15 hours agoNowhere is growing like this corner of Queensland. It’s changing the political game