The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst: Critical Bitcoin (BTC) Shortage Fueling Rally – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Cardano, Tron

by Daily Hodl Staff
May 29, 2019
in Altcoins

[the_ad id=”36860″]

From a new look at Bitcoin whale accumulation to a big hire at Ripple, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Senior market analyst at eToro, Mati Greenspan, says Bitcoin’s increasingly limited supply is the number one reason for the leading cryptocurrency’s 2019 rally.

In a new note to clients, Greenspan points to Bitcoin’s already finite supply and upcoming halving as the key catalysts, reports Bloomberg.

“The recent surges in Bitcoin are mainly based on the supply side. There’s already a shortage of Bitcoin in the world and with the halving event coming up next May, the countdown to even less supply has already begun.”

New research from digital assets research firm Diar supports Greenspan’s theory and shows whales have been accumulating BTC since August of last year.

“Over 26% of circulating supply, $36 billion worth of Bitcoin, now sit in addresses that have a balance of 1000-10k BTC. In August 2018 when Bitcoin was also at $8,000, these ‘Firm Size’ addresses held under 20% of the circulating supply showing a sharp accumulation of nearly 7% in less than a year.

[the_ad id=”36860″]

The research also highlights an apparent increase in Bitcoin buying from retail investors.

“Bitcoins held by major addresses – most of which are exchanges – have seen an exodus of over 300K Bitcoins since the start of 2018. At peak, these addresses held 750,000 more Bitcoins than they do today, 21% of the total circulating supply versus 16% today.”

Ethereum

The latest ConsenSys-sponsored Week in Ethereum blog post is out.

This week’s edition covers the latest on Ethereum 2.0 and looks at a number of updates on Ethereum-based platforms including Augur, Maker and Compound.

Ripple and XRP

Blockchain.com’s head of institutional sales and strategy is reportedly leaving to work for Ripple.

Breanne Madigan, a former executive at Goldman Sachs, told The Block she will continue her work to bring institutional investors into crypto.

“I am thrilled to confirm that I have joined Ripple to lead the Global Institutional Markets team. This is an exciting time to be joining the Ripple team, helping to foster mass adoption of digital assets and transforming global payments systems across the world.”

[the_ad id=”36860″]

Litecoin

Litecoin’s halving is now less than 70 days away.

The halving will reduce by half the amount of LTC that miners will get for powering the network, which will slow the creation of new LTC.

Are You Ready?

The #Litecoin 2019 halving is about 70 days away!

What do you predict is going to happen leading up to the $LTC halving?#HuobiShining #LiteonLitecoin @LTCFoundation @SatoshiLite @LitecoinProject @litecoin pic.twitter.com/69lN5m1VhH

— Huobi (@HuobiGlobal) May 28, 2019

Stellar

IBM’s global head of blockchain, Jesse Lund, has left the tech giant.

Lund helped create IBM’s World Wire payment network, which is designed to use the Steller network to power cross-border payments. IBM says its policy is “not to discuss the specifics of employee departures,” but told CoinDesk it is still moving full steam ahead with World Wire.

[the_ad id=”36860″]

Cardano

The NostrADAmus Show is set to host a live interview with Cardano creator Charles Hoskinson. The interview starts at 7:00 a.m. PST.

Tron

Tron’s latest weekly report is out. The new edition highlights new adoption for Tron’s native cryptocurrency TRX, including its addition to Opera’s in-browser crypto wallet.

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Tyrion Set To Decentralize the $377 Billion Digital Advertising Industry
    September 25, 2023
  • Hydranet Launches Layer Three Dex – A Game Changer for Trustless Cross-Chain Trading
    September 25, 2023
  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Meme Fans Eye El Hippo (HIPP) As Floki Inu (FLOKI) Price Dips
    September 19, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,293.04
$26,293.04
0.82%
Ethereum
$1,587.87
$1,587.87
0.12%
Cardano
$0.245168
$0.245168
0.12%
XRP
$0.505207
$0.505207
0.43%
Dogecoin
$0.0609
$0.0609
0.39%

Spotlight

  • Top Trader Who Caught 2022 Bitcoin Bottom Predicts New Yearly High for BTC – Here’s His Target
    September 18, 2023
  • Crypto Whale Withdraws $116,000,000 Worth of One Altcoin That’s Up 222% in Past Month From Exchanges: Report
    September 18, 2023
  • Mark Yusko Says ‘Parabolic Blow-Off Top’ Coming for Bitcoin After $300,000,000,000 in Institutional Money Arrives
    September 18, 2023
  • $2,000,000,000 Worth of Crypto Wash Trading on Ethereum-Based Decentralized Exchanges, Says Surveillance Firm
    September 18, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl