Bitcoin News Today TheBitTimes.com

Despite Michael Saylor’s repeated refusals to publish a proof of reserves for the 597,325 bitcoin (BTC) at MicroStrategy (MSTR), Coinbase CEO Brian Armstrong decided to publicly doxx their most probable location. Disregarding Saylor’s concerns that disclosing the location of the coins could create the risk of social engineering and wrench attacks, Armstrong tweeted about their location while bragging about Coinbase’s “institutional team.” During the thinly veiled disclosure, he admitted that eight of the top 10 publicly traded companies with BTC on their balance sheets use Coinbase Prime. That makes it highly likely that MicroStrategy holds BTC at Coinbase Prime . Hold up. @Saylor told us the reason why he doesn't show PoR is because doing so may dox who the custodian is, which may cause social attacks. But now it seems now the custodian is choosing to dox who their customers are, rendering "security through obfuscation" as pointless? pic.twitter.com/w0...

Over the past year, Bitcoin [BTC], the world’s largest crypto has seen immense volatility. The bears were constantly pushing the asset down and the whole FTX debacle drove the price of BTC to a low of $15,599. Amidst this, a plethora of addresses was pocketing BTC at discounted prices. This group was mostly those who entailed less than 10 BTC or as Glassnode defines them “retail investors”. The co-founder of Reflexivity Research Will Clemente pointed out that the percentage of Bitcoin supply held by retail investors had surged by 17 percent this year. Source Elaborating on the same, Clemente tweeted, “Not perfect yet, but solid for a 12-year-old asset and definitely trending in the right direction. Bitcoin’s supply disperses over time, while Fiat’s holder base concentrates to whales over time.” It should be noted that addresses that currently hold 0-10 BTC were worth $169,000. These addresses account for 17.3 percent of the total su...