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For instance, in the ETF case, an issuer, with the help of the authorized participant, will pool the cryptocurrency and move it to custody, where it sits idle (inactive). However, investors will still take bullish/bearish trades on an exchange through the ETF units. Source
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On Nov. 9, the Laos government announced it would halt business activities, levy fines and potentially revoke licenses of companies that do not meet their commitments or show progress in cryptocurrency mining and trading agreements in what is considered an inactive status. At the same time, outstanding fees from crypto operators
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On-chain data suggests that Bitcoin (BTC) holders are accumulating BTC with exchange holdings down to yearly lows and the percentage of inactive BTC supply at all-time highs.According to Glassnode’s Bitcoin supply last active chart, inactive BTC that has not moved from an address for more than one-, three- and five-year
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"We stopped allowing new user sign-ups on our exchange product in India back in June of this year," a Coinbase spokesperson told CryptoX. "We maintain a robust tech hub in the country and offer live products, including our Coinbase Wallet. We are committed to India over the long term and
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Elon Musk assured the community that a lot of usernames would become available after the purging. According to Elon Musk, his newly-possessed social media app, Twitter will be mopping up some accounts from its database. The purging of inactive accounts by Twitter will open up a handful of desired usernames for
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According to the results of a community vote on Feb. 22, users and validators of The Open Network (TON), a layer one blockchain previously created by Telegram, have voted to suspend miners' wallets for four years if they are inactive and have never made an outgoing transaction. The decision resulted
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On Dec. 9, 2022, Twitter’s owner Elon Musk told the public that the social media company plans to purge 1.5 billion accounts. Musk further added that the deletions would be obvious accounts that have no tweets or they haven’t logged in for years. However, after Musk announced this plan, a
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Bitcoin (BTC) may be struggling at $40,000 but fresh data is reinforcing the fact that hardly anyone is interested in selling.Data from on-chain analytics firm Glassnode shows that despite price volatility, over 60% of the BTC supply has not left its wallet in a year or more.Strong hands have rarely
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OpenSea, one of the most popular nonfungible token (NFT) marketplace, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform.As a part of the planned upgrade, all OpenSea users will need to migrate their NFT listings — currently hosted over
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El Salvador President Nayib Bukele has claimed officials will be able to use geothermal energy from one of the country’s inactive volcanoes to power its Bitcoin City project.In a Sunday notice, Bukele said there was a 90% probability of using the Conchagua volcano to supply 42 megawatts — “enough to
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