PlusToken recently moved $186 million worth of Ethereum, leading investors to fear a dump in ETH price.

Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network.

The $186 million transfer came from a known Ethereum address and was later split into 50 different transactions, possibly as an attempt to disguise the activity. Whale Alert first spotted the transactions which have since been processed but little information on the funds’ destination has been reported.

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Once again, a big scam has become a very important factor to shake the second biggest cryptocurrency network. Sadly, the same story materialized due to many scams that affected this growing industry. These days, even educated people can be blindly opening up their digital wallet in the name of greed. This is not the first nor will be the last.

Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis.

Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June 2020. Of this, around 60% BTC is held by entities – either people or businesses – that have never sold more than 25% of the bitcoin they’ve ever received. Chainalysis labeled this BTC supply as “held for long-term investment.”

Taken from here.

I think this has been the case for many years and I am expecting almost the same situation years down the road. Come to think of it how just a small portion of the overall supply can be the determining force of the general price of the asset.

In the past, there had been many well-known and unknown personalities who got into the habit of predicting that in some years Bitcoin can be so valuable and possibly will be a million dollar. Now, of course, it is hard to just believe claims as we do not know the future to be exact and Bitcoin remains to be a volatile asset which still has to be officially accepted as a global currency.

Do you still believe that BTC can be able to one day reach the million dollar mark? Will it be 10 years or 20 years from now?

I think that Decentralized Finance or DeFi is really here to stay and is gaining a big traction in the marketplace...


Australia is experiencing a DeFi boom, with leading derivatives project Synthetix joined by buzzy newcomers Thorchain, Ren and mSTABLE.

Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space.

They include longtime DeFi leader Synthetix (SNX), the up-and-coming Thorchain (RUNE) along with the just-launched Ren (REN) and mSTABLE (META).

RUNE has increased 167% in the past 30 days, REN is up 36% (mostly in the past week),  and SNX is up 35% — and 2,600% since its lows prior to launching last year.

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