Quick weekly news:
- Bitcoin Mining Difficulty Hits Record High Amid Miner Revenue Surge: Read more here.
- Bitcoin’s Market Value Now Exceeds That of Facebook: Read more here.
- Ethereum layer-two network to offer batched Tether payments: Read more here.
Other notable events include:
- The number of addresses holding over 1,000 bitcoin stands at a record high of 2,334
- Cryptocurrency exchange Bakkt is in advanced talks to go public
Rich list grows
The number of addresses holding over 1,000 bitcoin stands at a record high of 2,334, indicating that large bitcoin holders have been accumulating bitcoin during the market run-up. This comes after a brief depression in the total number of bitcoin “whales” in December. “The dip and renewed increase at the end of December shows relatively little interest in profit-taking on the part of these large holders, even though almost all holdings are currently in profit.
Going public
Cryptocurrency exchange Bakkt, which is majority-owned by Intercontinental Exchange, is in advanced talks to go public via a merger with a special purpose acquisition company (SPAC), Bloomberg reported, citing people with knowledge of the matter. The deal, if it’s concluded, would value the combined company at more than $2 billion, the report said. A deal could be announced as soon as next week.
Also, be sure to check out top altcoin gainers and losers of the week:
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