Since MicroStrategy invested in Bitcoin this summer, it is currently valued at $ 650 million and has generated 50% returns in the past 3 months. Square, which invested $ 50 million in Bitcoin in October, saw Bitcoin's value rise to $ 80 million. Bitcoin broke $ 17,000 for the first time since January 2018.
Positive Trend Continues in Bitcoin
Bitcoin Hash rate (network density) increased by 12%. It is seen that network users are seriously concentrating on the Bitcoin network and increasing the Hash rate. Bitcoin has also seen a 9% increase in the number of new addresses. There is a 14% increase in the number of active addresses, that is, the number of new accounts. We can explain this situation as a transfer from cold wallets to stock exchange wallets.
Attacking DeFi Projects
The Ethereum-based Origin Dollar has been hacked. Origin Protocol announced that its stablecoin, the Origin Dollar (OUSD), was hacked, lost $ 7 million and the coin retracted 85%. Origin Protocol launched OUSD in September this year.
Grayscale Announces the Amount of Bitcoin in its Administration
Grayscale, the digital asset management company founded by Digital Currency Group in 2013, announced the number of BTC under its management with its Bitcoin Trust product. The company shared with the public that there is exactly 500 thousand BTC in the Bitcoin investment product.
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