Blockchance Cyber Parties

8m
cryptodaily

Price Analysis 19/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

20m
cointelegraph

Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500

21m
cryptonewmedia

Behold the Latest Bitcoin Board Game, ‘Hodler of Last Resort’

22m
cryptonewmedia

Disgusted Bitcoin Trader Says Price Charts Mimic an Ugly ‘Penny Stock’

23m
cryptonewmedia

R3 Taps Software Sales Vet to ‘Evangelize’ Paid Version of Corda

27m
coindesk

Bitcoin Price Stuck in Tight Trading Range, BitMEX Responsible for...

42m
newsbtc

Bitcoin Maintains Price Rally But Outlook Remains Bearish Until It Climbs Above $10,950

1h
zycrypto

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

1h
cointelegraph

Boeing Keeps Dow in Positive Territory as Stock Market Slides

1h
cryptonewmedia

Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

1h
cointelegraph

German Central Bank President Shows Support For Libra, Calls It “Attractive” To Customers

1h
coingape

‘Samsung Coin’ Trademark Filing Unaffiliated With Samsung

1h
cointelegraph

Stock Market Investors Should HODL Because Pros Can’t Beat S&P 500

1h
cryptonewmedia

New No-Fee Visa Card for US Crypto Holders Offers Rebates From Big Brands

1h
dailyhodl

Buying Bitcoin (BTC) at $8,500 is Best, Says Analyst

2h
ethereumworldnews

Nouriel Roubini Accuses Bit MEX of “Systematic Illegality”

2h
livebitcoinnews

BitMEX Being Investigated by CFTC As ‘Dr Doom’ Gets Salty Over Hayes Debate

2h
cryptodaily

Coinbase Quietly Pulls the Plug on Its Cryptocurrency Bundle Product

2h
cryptoglobe

Apple’s Steve Wozniak Launches Blockchain Firm in Malta

2h
cryptonewmedia

Ripple (XRP) Poised For More Gains, Prices Rebound From Q1 Support

2h
cryptonewmedia

Top 5 ‘Dead’ Altcoins: NEM, BCC make the list

2h
cryptoticker

3 Battered Cryptos Are Flashing Bullish Signals

2h
cryptonewmedia

What the CFTC investigating BitMEX could mean for bitcoin and crypto market

2h
cryptoslate

Dr. Doom: Cryptocurrencies Encourage Criminal ‘Fraud and Abuse’

2h
beincrypto


Just 376 Individuals Hold 33% of All Ether Cryptocurrency: Chainalysis

coindesk

2mon ago

A third of all ether, ethereum’s native cryptocurrency, is owned by just 376 whales as of May 1, new research indicates.

Blockchain analysis startup Chainalysis published a study on Wednesday, indicating that, while these 376 individuals control 33 percent of the circulating supply in 2019, that number is actually down from levels seen in 2016 and 2017.

The study also found these whales have “no meaningful” impact on the ETH price, but they do increase intraday volatility in the cryptocurrency market when they make large sell-offs.

Chainalysis defines whales as the top 500 holders of cryptocurrency, excluding services, who store their holdings off exchanges.  It found that ether whales currently account for just 7 percent of all transaction activity. The study further found that the majority (around 60 percent) of these whales are not active traders, meaning they are holding their assets and are not regularly trading on cryptocurrency exchanges.

That means they consistently hold 25–40 percent of the circulating supply of ETH and account for only 5-18 percent of transaction volume, Chainalysis said.

Further, using a vector autoregression (VAR) model, commonly used in financial time series analysis, Chainalysis found that ETH prices follow bitcoin (BTC) prices. That is, on average, a 1 percent increase in BTC price yesterday leads to a 1.1 percent increase in ETH price today. The study, however, did not find a “statistically significant” impact of BTC prices on ETH’s intraday volatility.

The study also analyzed the impact of whales sending and receiving funds to and from exchanges using a VAR model. It found that funds sent do impact volatility but not price, while funds received have no impact either on prices or intraday volatility.

“These preliminary findings are consistent with the literature on stock market prices and volatility,” Chainalysis concluded. “Academics have found that large anomalous fluctuations in traded volumes of particular stocks, notably the S&P 500, tend to impact volatility and not price levels.”

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments