Institutional investors control about 6% of the circulating bitcoin supply, while there are more validators on ETH2.0 than developers initially expected. These and more news in this practical daily summary so that you are always informed of the most recent events that occur within the crypto world.
📍 According to the data it shows Bitcoin Treasuries, traditional public companies and institutional investors control about 0,5% of all bitcoins currently in circulation, with about 100.470 BTC under their dominions.
The largest institutional investor to date is microstrategy, which recently increased its investments in Bitcoin (BTC) to over $1,3 billion, acquiring 70.470 BTC. Following are Galaxy Digital Holdings y Square Inc, with investments of $822 million and $109,3 million respectively, to acquire 16.651 BTC and 4.709 BTC. Likewise, the data provider shows that almost 6% of the Bitcoin supply in circulation is in the hands of institutional investors, including traditional, investment funds and private investors, who in total manage more than 1.150.600 BTC.
Source: Bitcoin Treasuries
📍 Vitalik Buterin, co-founder of Ethereum, notes that the crypto community's participation in Ethereum 2.0 was much better than they expected. In a virtual meeting with the community EthereumBA, Buterin expressed that he is very optimistic about the future of the new network and that the ETH 2.0 platform has many more validators, who deposited 32 ETH, than they initially expected.
📍 In terms of adoption blockchain, the giant vehicle manufacturer Ford revealed the results of a study which has been carried out over the last 3 years, indicating that the use of this innovative technology allowed the company to reduce environmental pollution.
Ford revealed that it combined blockchain technology with geofencing and electric vehicles, and the results were phenomenal. In the test, the company used hybrid vehicles that could switch to zero-emission driving based on air quality data, as well as an innovative plug-in hybrid van equipped with an electric chiller unit. The test results show that combining new technologies with electric vehicles can significantly help improve air quality.
📍 In the United States, one of the exchanges of the largest cryptocurrencies by trading volume, Coinbase, opposes the requirements established by FinCEN, the Financial Crimes Enforcement Network of the United States Department of the Treasury, to have only 15 days to evaluate the implications of the new regulations which the entity plans to impose for users who make transactions with cryptocurrencies from or to self-hosted wallets.
The exchange's CEO issued a letter to the Director of FinCEN, requesting that the time established for the study of new regulations be reconsidered and extended to a minimum of 60 days, as recommended by the Administrative Conference of the United States for the development of new legislation and rules and for the implementation of significant regulations.
📍 Huobi, a cryptocurrency exchange headquartered in China, will return to the United States, after having closed its operations in the country in 2019. According to the Spanish President Pedro Sánchez’s announcement According to the company, Huobi will not return as a cryptocurrency exchange, but rather as a trust company that will provide asset management services to businesses and investors.
The company obtained a license from the Division of Financial Institutions of the Nevada Department of Business and Industry, to legally operate under this figure in this state, and although it does not yet provide these services, the Huobi subsidiary in the state of Nevada is already incorporated under the name of Huobi Trust Company.
Continue reading: Institutional investors show strong conviction for investing in cryptocurrencies
