Supply Shock: Bitcoin Exchange Supply Now Lowest Since Dec. 2017

On-chain data shows the Bitcoin supply on exchanges has seen a further plunge recently, now hitting lows not seen since December 2017. Bitcoin Supply On Exchanges Has Dropped To Just 5.38% Now According to data from the on-chain analytics firm Santiment, BTC’s supply has continued to shift towards self-custody recently. The indicator of relevance here […]

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First Mover Americas: Binance Unveils Self-Custody Wallet

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Robinhood Wallet Introduces Swapping For Bitcoin, Dogecoin, And Ethereum

Robinhood Wallet, the popular multi-chain, self-custody, Web3 wallet, has introduced new features to meet the demands of its growing user base. In response to user feedback, Robinhood Wallet now supports Bitcoin (BTC) and Dogecoin (DOGE), allowing users to custody, send, and receive these cryptocurrencies.

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Robinhood adds Bitcoin and Dogecoin to web3 wallet

Robinhood has added support for the Bitcoin and Dogecoin networks to its self-custody Web3 wallet, enabling users on the two blockchains to custody, send and receive crypto via the wallet app. An announcement the company published on Wednesday noted that Robinhood Wallet now supports six blockchain networks in Bitcoin, Ethereum, Dogecoin, Polygon, Arbitrum and Optimism.

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Bitcoin goes bullish as supply on exchanges plunges

Bitcoin’s (BTC) price has been struggling around the $26,000 mark over the past week, but with the recent incline, more investors have shifted to self-custody. The flagship cryptocurrency finally gained bullish traction with a 1.5% rise in the past 24…

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Bitcoin's Liquidity Crisis? Exchange Balances Reach Lowest Point in Half a Decade

A record dip in Bitcoin's presence on exchanges suggests a growing trend among holders to self-custody their assets

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Shift to self-custody? $125M Bitcoin outflow stirs market interest

Quick Take Yesterday, Aug. 21, marked a remarkable shift in the Bitcoin landscape as finance experienced one of its most substantial outflows to date, approximately $125M. This considerable movement of funds away from finance platforms may suggest an increased preference among users for holding their own assets rather than keeping them on exchange platforms.

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More Ethereum users are interested in self-custody storage

Ethereum, the succeeding cryptocurrency to Bitcoin, went through many controversies and media headlines, especially since the FTX collapse or the Merge update. Although not many consider digital assets to be better than Bitcoin, Ethereum achieved much more quickly, from price increases and constant updates to blockchain solutions.

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Bitcoin And Crypto: US House Committee Passes Bill To Protect Self-Custody

In a groundbreaking development, the U. S. House Financial Services Committee has just passed the “Keep Your Coins Act of 2023,” a landmark bill advocating for the right to self-custody Bitcoin and other cryptocurrencies.

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Bitcoin: Increasing self-custody to impact BTC in this manner

Investors continued to withdraw Bitcoin from exchanges, indicating positive sentiment. Holders showed faith even as interest in Ordinals declined. As Bitcoin [BTC] dipped below the $30,000 mThe post Bitcoin: Increasing self-custody to impact BTC in this manner appeared first on AMBCrypto.

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Bitcoin Supply On Exchanges Hits Lowest Value Since Nov 2018, Now At 1.17M

The recent trends in the Bitcoin market indicate a shift towards self-custody as the supply of Bitcoin on exchanges continues to decrease. Despite experiencing a drop below the $30k mark last week, the market has not shown severe reactions, suggesting that fear, uncertainty, and doubt (#FUD) are not driving significant sell-offs. This observation highlights the […]

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RFK Jr. Vows to Back Dollar With Bitcoin, Exempt BTC From Taxes

Kennedy also reiterated a May stance defending the right to self-custody bitcoin, run blockchain nodes at home and promising industry-neutral energy regulation.

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Bitcoin price rises as investors turn to self-custody

On-chain data shows that bitcoin (BTC) has entered the accumulation phase over the past few months despite the high price fluctuations. According to data provided by Glassnode, the number of bitcoins on exchanges has been constantly falling since May and…

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Jack Dorsey’s Block Bitcoin Wallet Announces Support For Coinbase And CashApp As It Rolls Out Beta Version

The general public will be able to take part in the beta test of Bitkey in a few weeks according to Block, its parent company striking the excitement of users. Jack Dorsey’s payment company Block has announced a special integration of CashApp and leading US digital asset exchange Coinbase on its self-custody wallet, Bitkey. This […]

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Self-custody Bitcoin amount unmeasurable so far — Santiment exec

One of the most notable results of self-custody is that it tends to decrease circulation, reducing the market cap.

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Coinbase collaborates with Bitkey for bitcoin transactions

Cryptocurrency exchange Coinbase has joined forces with Bitkey, a self-custody bitcoin wallet app from Block, to facilitate bitcoin purchases while guaranteeing control over private keys.

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Coinbase partners with Bitkey Wallet to promote Bitcoin self-custody

Coinbase’s partnership with Bitkey, Block’s self-custody bitcoin wallet, will span six continents. The platforms will integrate Coinbase Pay to allow users buy/sell or transfer Bitcoin to their Bitkey self-custody wallet.

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Bitcoin: A falling supply on exchanges is a sign of...

Bitcoin investors were moving their holdings from CEXs like Binance to self-custody  Open interest increased while other on-chain metrics remained bullish  While altcoins suffered a massivThe post Bitcoin: A falling supply on exchanges is a sign of... appeared first on AMBCrypto.

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How Bitcoin shrimps, crabs are shaping BTC adoption

The divergence between transaction count and transfer volume in May indicated that retail investors were dominant. The number of coins in self-custody continued to rise steadily. The crypto The post How Bitcoin shrimps, crabs are shaping BTC adoption appeared first on AMBCrypto.

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Bitcoin Exchange Inflows Tap 6-Year Low as Investors Take Flight to Self-Custody

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Bitcoin and Ethereum self-custody rise; investors bet on these areas

Bitcoin and Ethereum have struggled to surpass key price levels. Positive funding rates indicate bullish sentiment among investors. Bitcoin [BTC] and Ethereum [ETH] have recently encountereThe post Bitcoin and Ethereum self-custody rise; investors bet on these areas appeared first on AMBCrypto.

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Is Ledger’s New Bitcoin Key Recovery Feature Safe? Experts Have Doubts

Ledger believes the service will help attract customers turned off by crypto's unforgiving self-custody ethos. But critics wonder whether the concept is compatible with a real hardware wallet.

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Lava Introduces Self-Custody Wallet And Bitcoin DeFi Platform At Bitcoin 2023

Lava utilizes discreet log contracts and other Bitcoin-native mechanisms to provide a full-fledged Bitcoin financial service platform.

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Bitcoin self-custody advocate explains why on-ramps are key to adoption

Cypherpunk Jameson Lopp highlights the need for easier-to-use, improved self-custody solutions and more on-ramp avenues to drive Bitcoin adoption.

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Tether USDT to strengthen reserves with Bitcoin purchase

Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate.

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PayPal’s Venmo To Enable Ability To Transfer Bitcoin To External Wallets In May

Users who have purchased bitcoin through the app will now be able to take self-custody of their BTC, as well as send it directly to other Venmo users.

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Bitcoin ATM Provider CoinFlip Launches New Olliv Self-Custody Platform

The exchange will be primarily focused on education and the onboarding of newcomers.

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Bitcoin’s illiquid supply surges after market turmoil

In our latest Alpha article, we analyze the fascinating connection between financial crises and the all-time high illiquid Bitcoin supply. As short-term holders begin holding more Bitcoin off exchanges, self-custody becomes increasingly significant.

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Bitcoin Ordinals Custody Solutions Would Be Better if They Embraced Bitcoiner Values

The perfect Ordinals wallet should (1) integrate Ordinals support without requiring a full node, (2) be easy to use for the average collector, (3) follow Bitcoin's great cultural tradition of embracing self-custody and trustless transacting.

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Fidelity Investments Has Opened Bitcoin Trading To The Public During Ongoing Banking Crisis

The financial giant will now allow customers to trade bitcoin, although they will not be able to withdraw it to self-custody.

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Fidelity Investments Has Opened Bitcoin Trading To The Public

The financial giant will now allow customers to trade bitcoin, although they will not be able to withdraw it to self-custody.

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Ordinals team criticizes Yuga Labs’ handling of bitcoin NFT auctions

The Ordinals team recently raised concerns about Yuga Labs’ handling of bitcoin NFT auctions. Yuga Labs allegedly set a negative precedent by requiring all bidding funds to be transferred to their address, violating the principle of self-custody.  Yuga Labs, the…

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Regime change as Bitcoin returns to self-custody

Quick Take The FTX collapse demonstrated the need to self custody your crypto, a trend that CryptoSlate has monitored for quite some time. The post Regime change as Bitcoin returns to self-custody appeared first on CryptoSlate.

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Jack Dorsey’s Block Releases UI Teaser, Seeks Partners For Highly Anticipated Self-Custody Bitcoin Wallet

A new blog post from Jack Dorsey’s Block detailed the progress being made on the custodial Bitcoin wallet the company is working on.

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BlueWallet To Sunset Custodial Lightning Wallet Service

On-chain Bitcoin wallets and self-custody Lightning wallets will not be impacted, according to a blog posted by the mobile Bitcoin app company.

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More than 100,000 BTC pulled into self-custody over past 12 months

More than 100,000 Bitcoin (BTC) were transferred to self-custody storages in the last 365 days, according to Glassnode data analyzed by CryptoSlate. The post More than 100,000 BTC pulled into self-custody over past 12 months appeared first on CryptoSlate.

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Why Bitcoin [BTC] may climb a new bull ladder despite Fed's resolve

The SOPR ratio positioned closer to the market bottom as the TRIX signaled an incoming uptrend. BTC holders adhered to self-custody despite January's profit-taking offer. Bitcoin [BTC] showeThe post Why Bitcoin [BTC] may climb a new bull ladder despite Fed's resolve appeared first on AMBCrypto.

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Crypto bank Juno urges customers to withdraw funds amid Wyre troubles

Juno, a fiat-to-crypto on-ramp solutions provider, advised consumers to sell or self-custody their bitcoin due to "uncertainty" with Wyre, its cryptocurrency custodian. Because of Wyre's "uncertainty," Juno felt forced to comment.

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Where To Now As Bitcoin Says Goodbye To Exchanges

After the failure of custodians like Celsius, FTX, and others, cryptocurrency holders have been pushed towards self-custody. This trend, which began in 2020 primarily thanks to the emergence of onchain decentralized finance solutions, has accelerated massively in 2022.

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Bitcoin network stats stay healthy as adoption and demand for self-custody grows

Glassnode data shows that Bitcoin (BTC) is continuing to leave cryptocurrency exchanges as adoption continues to grow while the network stays healthy through the prolonged downturn.

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Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’

The post Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ appeared first on CryptoSlate.

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Paxful CEO asks customers to move their Bitcoin to self-custody

Paxful CEO Ray Youssef wants to see more Bitcoin (BTC/USD) holders take control of their funds through self-custody. His advice comes at a time multiple crypto exchanges are trying to assure customers that their assets are safe with proof of reserves.

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CryptoSlate Wrapped Daily: November closes as one of the worst months for ETH or BTC, SBF claims the FTX collapse was a mistake

The biggest news in the crypto-verse for December 1 includes November finishing as the second-worst month for Bitcoin and fourth-worst for Ethereum, SBF shifting blame to Alameda Research for the FTX collapse, and 15 million Bitcoin retreating to self-custody wallets, leaving only 22% of total supply liquid.

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FTX fiasco boosts Bitcoin ownership to new highs: Analysts weigh in

Data analytics firm Glassnode, hardware provider Trezor and Bitcoin exchange Relai observe an uptick in Bitcoin self-custody.

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How & where to buy VERSE, the new Bitcoin.com DeFi token

Bitcoin. com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has launched its new utility and reward token called VERSE.

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Crypto Market Forecast: Week of November 21st 2022

A curated weekly summary of forward-focused crypto news that matters. This week, the FTX collapse drives the price of Bitcoin to new lows, FTX contagion causes connected crypto firms to tremble, and assets flow out of exchanges as traders lean towards self-custody.

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FTX’s Collapse Triggers Dramatic Shift Towards Self-Custody For Bitcoin, Ethereum

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Regulations Will Lead To A Two-Tiered Bitcoin Society

FTX is the greatest excuse, whether planned or not, to further control bitcoin on-ramps and take away the possibility of self-custody and true ownership.

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Retail traders massively withdraw their BTC from exchanges

FTX collapse has birthed renewed interest in self-custody among retail users, as many are now moving their Bitcoin (BTC) to cold wallets. The post Retail traders massively withdraw their BTC from exchanges appeared first on CryptoSlate.

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