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11.4 M Bitcoin Held As Long Term Investment

11.4 million Bitcoin is held by long term investors, diminishing the tradeable supply to only 20% of the total Bitcoin supply. According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians.Breakdown of Bitcoin supply. Source: Chainalysis.Digital goldThe company concluded that the breakdown of Bitcoin’s […]

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Coinbase to Custody FTX’s Exchange Token

Coinbase Custody has been selected by the Binance-backed derivatives exchange FTX to store and insure its exchange token, FTT. Coinbase has announced that it will provide custody services for the exchange token of the Binance-backed crypto derivatives platform FTX (FTT) on May 22.Coinbase Custody will comprise the primary custodian for the ERC-20 token, managing custody, […]

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Coinbase Will Allow Employees to Work Remotely After Lockdown

Coinbase will transition to a permanent “remote-first” future after the quarantine is over. U.S. crypto exchange Coinbase has announced it will transition to a “remote-first” workplace after the pandemic lockdown is over in an effort to guard against location-centric risks and to improve decentralization.In an open letter to all employees, Coinbase CEO Brian Armstrong said:“After […]