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  • 2,262 Bitcoin Addresses Hold at Least 1,000 BTC

    2,262 Bitcoin Addresses Hold at Least 1,000 BTC

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    The number of Bitcoin millionaires, addresses with 1,000+ coins, has touched its highest level since April 2021. Glassnode’s on-chain data shows that 2,262 BTC addresses are now holding more than 1,000 coins.

    According to the current price of Bitcoin, each of these addresses hold at least $40 million worth of cryptocurrency. “Number of addresses holding 1k+ coins just reached an 11-month high of 2,262,” Glassnode highlighted.

    Despite price challenges and a drop in network activity, Bitcoin addresses holding more than 1,000 coins have increased. A sharp surge was observed at the start of March 2022. Relatively smaller Bitcoin holders with at least 1 BTC also joined the accumulation trend.

    According to Glassnode, there are more than 820,000 addresses with at least $40,000 worth of BTC. “The number of BTC addresses holding 1+ Bitcoin just reached a 10-month high of 820,552,” the on-chain analytics platform mentioned.

    BTC witnessed a decent rally at the start of March 2022 after global investors shifted their focus towards emerging assets. However, its price failed to sustain above $40,000 on Friday.

    Bitcoin Adoption

    The adoption of the digital asset kept rising at a rapid pace despite challenges in the recent weeks. In an interview with The Street, Jamie Iannone, CEO of eBay, said that the company is planning to explore the possibilities to accept digital currencies.

    “Crypto adoption globally continues to soar and aligns with the thesis that we are in an accumulation phase. Ebay’s CEO hinted this week that they will soon integrate crypto payments, as they aim to capture GenZ and millennial audiences. This comes after the firm enabled NFT trading last year on its platform. Integrating crypto would be a great step for mainstream adoption, as eBay has around 160 million active buyers worldwide as of Q2 2021,” Marcus Sotiriou, Analyst at GlobalBlock, said.

    The number of Bitcoin millionaires, addresses with 1,000+ coins, has touched its highest level since April 2021. Glassnode’s on-chain data shows that 2,262 BTC addresses are now holding more than 1,000 coins.

    According to the current price of Bitcoin, each of these addresses hold at least $40 million worth of cryptocurrency. “Number of addresses holding 1k+ coins just reached an 11-month high of 2,262,” Glassnode highlighted.

    Despite price challenges and a drop in network activity, Bitcoin addresses holding more than 1,000 coins have increased. A sharp surge was observed at the start of March 2022. Relatively smaller Bitcoin holders with at least 1 BTC also joined the accumulation trend.

    According to Glassnode, there are more than 820,000 addresses with at least $40,000 worth of BTC. “The number of BTC addresses holding 1+ Bitcoin just reached a 10-month high of 820,552,” the on-chain analytics platform mentioned.

    BTC witnessed a decent rally at the start of March 2022 after global investors shifted their focus towards emerging assets. However, its price failed to sustain above $40,000 on Friday.

    Bitcoin Adoption

    The adoption of the digital asset kept rising at a rapid pace despite challenges in the recent weeks. In an interview with The Street, Jamie Iannone, CEO of eBay, said that the company is planning to explore the possibilities to accept digital currencies.

    “Crypto adoption globally continues to soar and aligns with the thesis that we are in an accumulation phase. Ebay’s CEO hinted this week that they will soon integrate crypto payments, as they aim to capture GenZ and millennial audiences. This comes after the firm enabled NFT trading last year on its platform. Integrating crypto would be a great step for mainstream adoption, as eBay has around 160 million active buyers worldwide as of Q2 2021,” Marcus Sotiriou, Analyst at GlobalBlock, said.



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  • Climate-focused Hyphen aims to hold companies accountable for eco-data reporting

    Climate-focused Hyphen aims to hold companies accountable for eco-data reporting

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    As concerns for environmental impact rose, the market started to require a framework that allows projects to showcase their ecological implications accurately. Because of this, climate-focused data tracking project Hyphen has found a market gap that it’s very eager to fill.  

    With the support of a Chainlink grant back in 2021, the project is now launching a decentralized oracle network (DON) that allows smart contracts to have access to a verified resource, providing greenhouse gas data starting with nitrous oxide (N2O). This sparks the creation of a reporting ecosystem that holds corporations accountable for their emissions and allows climate disclosures for compliance with regulations. 

    Miles Austin, the CEO of Hyphen, told Cointelegraph that the project provides “timely data flows of climate emissions information from global sources to both the private sector and public sector.” With this, capital markets are able to use “real-world climate data” as they strategically plan for sustainability. 

    “Corporations need the ability to accurately track and report their scope 1, 2 and 3 emissions in order to establish baselines to work from in order to reach climate commitments.” 

    Hyphen CTO Thierry Gilgen says the platform gives out “validated and trustworthy data streams” to emerging financial ecosystems built on blockchain or distributed ledger technology. With the Chainlink DON, data reported by companies will also go through a decentralized and independent verification process. It eliminates fraudulent and inaccurate reporting. 

    “We use Chainlink nodes to validate and make available data from scientific organizations for smart contract use, in order to build comprehensive climate tracking and regulatory services for governmental organizations, financial institutions and enterprises that are bound to the new green finance/climate regulations emerging worldwide.”

    Related: Are we misguided about Bitcoin mining’s environmental impacts? Slush Pool’s CMO Kristian Csepcsar explains

    The initial launch features N2O data from the Integrated Carbon Observation System using the Montreal Protocol framework, a global treaty protecting the ozone layer.

    While the debate on the environmental impact of crypto continues to live on, recent reports show that Bitcoin (BTC) mining uses only 0.08% of the world’s carbon dioxide emissions. The network emitted 42 megatons (Mts) of CO2 while the total emissions amounted to 49,360 Mts.