The number of Ethereum addresses holding ETH is at an all-time high. However, the number of transactions on the network is also close to record levels, which indicates that user activity continues to increase. According to on-chain data, Ethereum addresses with a balance are now over 68,26 million in total. This figure has rarely fallen, despite the harsh price history of the last year, and managed to maintain stable growth and the June - August period.
JPMorgan Manager Says Crypto Is At "Napster" Stage of its Life Cycle
An executive from JPMorgan says that the crypto markets were at the same point as the music broadcasting industry in the 1990s. Speaking to The Financial News, Umar Farooq, Head of the banking giant's digital asset unit Onyx, says that the cryptocurrency markets are in the era of "Napster". In 1999, Napster was the first peer-to-peer file sharing platform where people distributed music before the launch of more regular platforms such as Spotify or Apple Music.
Survey Shows 25% of US Adults Plan to Invest in Crypto
A US consumer survey shows that 25% of respondents who do not currently have cryptocurrency plan to invest in cryptocurrency. 2021 was a good year for cryptocurrencies. More than half of the participants who own cryptocurrency reported that they started investing in the sector last year.
Singapore Restricts Cryptocurrency Ads
The Central Bank of Singapore has published guidelines to discourage cryptocurrency trading by the general public. The central bank stressed that "cryptocurrency trading is quite risky and not suitable for the general public."
Bitcoin Dominance Rate (BTCD) Reaches Lowest Weekly Close Since 2018
BTC Dominance has been falling sharply since January 2021, when it reached a high of 73.63%. Since the beginning of May, it has been hovering just above the 40% horizontal support area that has been in place since 2018.
Bitcoin Supply Shock: Only 12% of BTC Supply is on Exchanges
According to the CryptoQuant post, the percentage of BTC supply stored on the exchanges has fallen to 12%. The entire stock market reserve is an on-chain indicator that measures the total amount of Bitcoin currently held in the wallets of all exchanges. The all-time high of the indicator (ATH) was made around 16. Since then, the metric has been falling steadily.
Spanish Government Will Implement New Rules for Crypto Advertising
The Spanish financial regulator Comisión Nacional del Mercado de Valores, or CNMV, has announced new regulations for advertising crypto-asset investments. According to the new legislation, which will come into force on February 17, 2022, crypto ads must be "clear, balanced and fair" and provide sufficient information about the risks involved in investing in crypto.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.