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US Bitcoin supply fell over 10% in the past year — Glassnode

Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.

In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin.

BTC supply moves to Asia

The past year has seen some seismic shifts in where Bitcoin is held and traded.

In its latest analysis of the BTC supply, Glassnode measured its migration around the world — notably, away from the U.S. and toward Asia.

Since mid-2022, the amount of the supply held and traded by U.S. entities has decreased by more than 10%.

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Subsocial chat program implements Ethereum usernames, Polygon donations

Despite running on a Polkadot parachain, Grill.chat lets users post using Ethereum wallets and send payments via Polygon.

Subsocial chat program implements Ethereum usernames, Polygon donations

Despite running on a Polkadot parachain, Grill.chat lets users post using Ethereum wallets and send payments via Polygon.

World Mobile eyes African rollout after decentralized wireless field tests

World Mobile announces the completion of DeWi technology field tests in Kenya, Mozambique and Nigeria, bringing a full African rollout one step closer.

6 Questions for Thiago Cesar of Transfero

Thiago Cesar is the 34-year-old co-founder of Transfero, a company helping to make crypto more accessible for Brazilians with BRZ, the first stablecoin pegged to the Brazilian real.

Cesar grew up in southern Brazil’s Pindamonhangaba municipality, before making the 90-mile trek to Sao Paulo for college. He graduated from Fundação Armando Alvares Penteado, and it wasn’t long, Cesar says, before he became infatuated with Bitcoin as a graduate student at the University of London.

“By 2014, I’d been convinced that Bitcoin and cryptocurrencies in general were going to be a big thing,” Cesar says, leading him to author his graduate thesis on the “competitive and comparative advantages that Bitcoin could bring to a business.”

In 2015, Transfero was born.

What inspired you to start Transfero?

Transfero was a joint dream between me and my four Brazilian co-founders. We met in Rio de Janeiro just after I returned from the University of London in 2015, where coincidentally, I wrote my master’s thesis about Bitcoin.

Thiago

6 Questions for Thiago Cesar of Transfero

Thiago Cesar is the 34-year-old co-founder of Transfero, a company helping to make crypto more accessible for Brazilians with BRZ, the first stablecoin pegged to the Brazilian real.

Cesar grew up in southern Brazil’s Pindamonhangaba municipality, before making the 90-mile trek to Sao Paulo for college. He graduated from Fundação Armando Alvares Penteado, and it wasn’t long, Cesar says, before he became infatuated with Bitcoin as a graduate student at the University of London.

“By 2014, I’d been convinced that Bitcoin and cryptocurrencies in general were going to be a big thing,” Cesar says, leading him to author his graduate thesis on the “competitive and comparative advantages that Bitcoin could bring to a business.”

In 2015, Transfero was born.

What inspired you to start Transfero?

Transfero was a joint dream between me and my four Brazilian co-founders. We met in Rio de Janeiro just after I returned from the University of London in 2015, where coincidentally, I wrote my master’s thesis about Bitcoin.

Thiago

6 Questions for Thiago Cesar of Transfero

Thiago Cesar is the 34-year-old co-founder of Transfero, a company helping to make crypto more accessible for Brazilians with BRZ, the first stablecoin pegged to the Brazilian real.

Cesar grew up in southern Brazil’s Pindamonhangaba municipality, before making the 90-mile trek to Sao Paulo for college. He graduated from Fundação Armando Alvares Penteado, and it wasn’t long, Cesar says, before he became infatuated with Bitcoin as a graduate student at the University of London.

“By 2014, I’d been convinced that Bitcoin and cryptocurrencies in general were going to be a big thing,” Cesar says, leading him to author his graduate thesis on the “competitive and comparative advantages that Bitcoin could bring to a business.”

In 2015, Transfero was born.

What inspired you to start Transfero?

Transfero was a joint dream between me and my four Brazilian co-founders. We met in Rio de Janeiro just after I returned from the University of London in 2015, where coincidentally, I wrote my master’s thesis about Bitcoin.

Thiago

6 Questions for Thiago Cesar of Transfero

Transfero’s Thiago Cesar says when he started buying Bitcoin in 2012 he knew it had amazing potential for “internationalizing money.”

6 Questions for Thiago Cesar of Transfero

Transfero’s Thiago Cesar says when he started buying Bitcoin in 2012 he knew it had amazing potential for “internationalizing money.”

6 Questions for Thiago Cesar of Transfero

Transfero’s Thiago Cesar says when he started buying Bitcoin in 2012 he knew it had amazing potential for “internationalizing money.”

6 Questions for Thiago Cesar of Transfero

Transfero’s Thiago Cesar says when he started buying Bitcoin in 2012 he knew it had amazing potential for “internationalizing money.”

Bitcoin payments exec shares adoption challenges in the Philippines

Pouch founder Ethan Rose said that they've managed to convince 400 businesses to accept Bitcoin in the Philippines.

EOS turns 5, celebrates the community’s effort to rebuild

After setting the record for having the largest initial coin offering in history, the EOS network suffered various setbacks, including fines and allegations of market manipulation.

Ankr–Microsoft partnership continues with blockchain creator tool debut

The partnership was preceded by the launch of an enterprise node hosting service on Microsoft Azure.

Bitcoin traders weigh next move with BTC price at crucial 200-week trendline

Bitcoin keeps the market guessing over how it will treat the 200-week moving average at $26,500.

Bitcoin traders weigh next move with BTC price at crucial 200-week trendline

Bitcoin (BTC) cooled the volatility into the June 8 Wall Street open as market participants waited for signals.

BTC/USD 1-hour candle chart on Bitstamp with 200WMA. Source: TradingView

BTC spot clings to 200-week moving average

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling a key long-term trend line near $26,500.

After flash volatility surrounding industry news events, the pair returned to sideways trading after bouncing from three-month lows.

Now, the 200-week moving average (WMA) formed a critical focus.

“We are currently sitting right on the 200WMA,” trading suite DecenTrader wrote in part of the day’s analysis.

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EU to use blockchain for educational and professional credential verification

The EU’s EBSI Vector project and Protokol blockchain solutions are creating a blockchain-based cross-border credential verification program for EU citizens.

Binance vs. SEC: How low can BNB price go?

The market capitalization of BNB (BNB) has dropped by more than $7 billion since June 5 when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance.

BNB price eyes technical bounce

The impact of the SEC lawsuit on Binance has been substantial so far with BNB down nearly 15% week-to-date.

BNB daily market capitalization. Source: TradingView

On June 6, the SEC requested the Washington D.C. district court to freeze Binance's U.S. assets worldwide. The order, if passed, will likely force the exchange to repatriate "fiat currency and crypto assets deposited, held, traded, and accrued by customers" at its U.S. platform.

Meanwhile, Binance's United States' entity halted trading for several pairs, including Bitcoin (BTC), Tether (USDT), and Binance USD (BUSD).

Theoretically, these events risk stirring people's BNB buying sentiment, given it has been incorporated as a utility token in the Binance ecosystem.

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Binance vs. SEC: How low can BNB price go?

The market capitalization of BNB (BNB) has dropped by more than $7 billion since June 5, when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance.

BNB price eyes technical bounce

The impact of the SEC lawsuit on Binance has been substantial so far, with BNB down nearly 15% week-to-date.

BNB daily market capitalization. Source: TradingView

On June 6, the SEC requested the U.S. District Court for the District of Columbia to freeze Binance’s U.S. assets worldwide. The order, if passed, will likely force the exchange to repatriate “fiat currency and crypto assets deposited, held, traded, and accrued by customers” at its U.S. platform.

Meanwhile, Binance’s U.S. entity halted trading for several pairs, including Bitcoin (BTC), Tether (USDT) and Binance USD (BUSD).

Theoretically, these events risk stirring people’s BNB buying sentiment, given it has been incorporated as a utility token in the Binance ecosystem.

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Crypto ads face stricter rules including a referral bonus ban by FCA

Crypto services in the U.K. will face stricter regulations, including a "cooling-off period" for first-time investors and a ban on "refer a friend" bonuses.

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