A recent study showed whale migration from ether to whale bitcoin that could be related to halving. In this context, Ethereum whales seem to be migrating to Bitcoin.
Ethereum whales could migrate to Bitcoin
According to a recent study, blockchain research company Glassnode found that a significant number of Ethereum addresses have declined, although Ethereum’s price has risen this year.
Against this background, the question arises whether Ethereum whales migrate to Bitcoin. And also if it is something permanent or short-term.
It is estimated that this behavior is generated thanks to Bitcoin’s Halving, which is known to be an important catalyst for the price of the main cryptocurrency on the market.
Added to this is the contrast between the ether whales and those of Bitcoin. The decline in Ethereum whales can be reflected in the increase in Bitcoin whales.
Facebook Libra has a new member
The Facebook association Libra announced today that three new members will join. Prominent among them is Temasek Holdings, Singapore’s state investor.
Temasek is one of the most famous investors in the world. Keep in mind that the Facebook Libra project was looking for new companies to support this project. So it seems to be a complete success that Temasek has joined them.
Likewise, the other two members who decided on the project are: Paradigm and Slow Ventures.
Andreessen Horowitz supports the formation of cryptocurrencies
Blockchain technology is a fan of possibilities and has changed the lives of thousands of people. It has also helped streamline different processes in different sectors, not just in business.
With that in mind, the investment firm Andreessen Horowitz announced that it has released its entrepreneurial cryptocurrency course to support the expansion of blockchain technology.
Few technologies have been as revolutionary as blockchain. In this context, Andreessen Horowitz is one of the largest investment companies in technology companies in the world.
The company has one of the best training programs for entrepreneurs in the blockchain sector that has so far not been available to the public.
Reddit joins Ethereum for contributions
The social network Reddit announced through a slideshow that it has joined the Ethereum Blockchain network to promote the creativity of its users.
This is how users are rewarded for their contribution to their favorite channels. In addition, the community ultimately decides how many points everyone will receive. Users can collect their points or spend them on comments for unique features like badges, emojis and GIFs.
The Bitcoin price could resume 10,000
Today we publish an article with an analysis of Bitcoin and its price. In it, he notes that the cryptocurrency Bitcoin hit its weekly high of $ 9,880 and the question arose that Bitcoin could grow at $ 10,000.
So after the third halving of Bitcoin, the price of the cryptocurrency has remained somewhat stable and has remained bullish. In today’s joint analysis, you can describe in detail whether the cryptocurrency can conquer this price in the long term. More information here.