1 Million Wallets Holding 0.1-1 BTC, 2 Million With 1-10 BTC

• The total supply of wallets that hold between 0.1 Bitcoin (BTC) and 1 Bitcoin has surpassed 1 million coins.
• The collective supply of wallets that hold between 1 BTC and 10 BTC has also topped 2 million.
• These wallets have witnessed a steady increase in total BTC supply since late 2013.

The Bitcoin (BTC) network is constantly growing and expanding, and the number of wallets holding coins within the network has also been increasing over the years. According to recent data, the total supply of wallets that hold between 0.1 BTC and 1 BTC has surpassed 1 million coins, and the collective supply of wallets that hold between 1 BTC and 10 BTC has also topped 2 million.

The chart below demonstrates the increase in the total BTC supply held by wallets that hold between 0.1 BTC and 1 BTC since 2010. This metric started to record a stable increase in late 2013, with short exponential growth periods in 2016 and 2018. As of December 29th, the total supply sits at 1.01 million BTC.

The chart above also shows the increase in the total BTC supply held by wallets that hold between 1 BTC and 10 BTC since 2010. This metric recorded an upwards spike in late 2011 and has continued its exponential growth since then. As of December 30th, the total supply held by these wallets is 2.06 BTC.

The increase in the total BTC supply across these wallets is indicative of the growing popularity of Bitcoin among users and investors. Furthermore, the steady growth in the total supply of these wallets points to the increasing number of users that are investing in Bitcoin, as well as the growing confidence in the asset.

Ultimately, the increasing total supply of these wallets is a positive sign for the future of Bitcoin, as it suggests that the asset is continuing to build up its user base and attract more investors. This is likely to be beneficial for the long-term prospects of the asset, and could lead to further growth and adoption in the near future.

Binance Roars Ahead: 14 Licenses, 7.5K Headcount, 120M Users

• Binance saw steady growth in 2022, securing 14 licenses and increasing its headcount to 7,500 people representing over 100 nationalities.
• The exchange currently operates in over 140 countries in the world and holds 14 licenses from 14 different countries across the globe, including Abu Dhabi, Dubai, South Africa, France, Italy, Spain, Cyprus, Australia, and New Zealand.
• Binance enhanced its capabilities in the area of security and compliance by increasing its security and compliance staff by 500% in 2022.

In 2022, Binance had a successful year of growth and expansion. The exchange saw its headcount grow to 7,500 people, representing over 100 nationalities. Binance also increased its compliance team to 750 people from 500, as well as its security and compliance staff by 500%.

Binance currently operates in over 140 countries in the world, and has secured 14 licenses from 14 different countries across the globe. These licenses come from countries like Abu Dhabi, Dubai, South Africa, France, Italy, Spain, Cyprus, Australia, and New Zealand. The exchange is also engaging with regulators in these countries to ensure that it meets all local requirements.

CEO Changpeng (CZ) Zhao said: “Amid the noise that impacts token prices, projects‘ reputations, and the fortunes of individual investors, my goal has been to keep everyone at Binance focused on things that matter the most: building and staying user-focused. I am proud that we remained true to these core values in everything we do.”

Binance is now serving over 120 million users from all over the world. In addition to its growing user base, the exchange is also actively investing in its security and compliance measures. It has implemented measures like two-factor authentication, IP whitelisting, and anti-phishing software to protect user accounts and funds.

The exchange is also making strides to become more compliant with global regulations. It has established an AML/KYC program and is now compliant with the CFT, AML, and KYC requirements of many countries.

Binance has had a successful year of growth and expansion in 2022, and it looks like the exchange is well on its way to becoming the top crypto exchange in the world. As the demand for cryptocurrencies and blockchain technology continues to grow, it will be interesting to see what the future holds for Binance and the industry as a whole.

China Launches Regulated NFT Marketplace, Accelerating Digital Transformation

• China is set to launch its first regulated Non-fungible token (NFT) marketplace, China Digital Asset Trading Platform, on January 1, 2023.
• Institutions and individuals will be able to access rights protection monitoring and copyright protection services through the NFT trading platform.
• This launch represents an acceleration in the cultural industry’s digital transformation in China.

China is set to take a major step forward in the digital asset space with the launch of its first regulated Non-fungible token (NFT) marketplace, China Digital Asset Trading Platform, on January 1, 2023. This platform, created jointly by the Chinese Technology Exchange, Art Exhibitions China, and Huban Digital Copyrights Ltd, will facilitate the exchange of NFTs as a secondary market. This launch is seen as a major milestone in the digital transformation of the country’s cultural industry.

Institutions and individuals will be able to access a number of services through the NFT trading platform, such as rights protection monitoring and copyright protection. This will ensure that digital assets are secure and properly managed. China’s central bank has also recently released trial versions of digital yuan wallet apps on mobile, a move that further indicates the country’s commitment to the digital asset industry.

In 2021, China passed a law that banned all cryptocurrency transactions, effectively banning digital tokens such as Bitcoin. This ban was implemented as a measure to prevent fraud and manipulation in the cryptocurrency market. As a result of the ban, a number of crypto firms in the country ceased operations, including Huocoin. The launch of China Digital Assets Exchange is seen as a positive step forward for the industry, as it will provide a safe and regulated platform for individuals and institutions to trade digital assets.

Overall, the launch of the China Digital Asset Trading Platform is a major step forward for the digital asset industry in China. It will provide a safe and regulated platform for individuals and institutions to trade digital assets, as well as access rights protection monitoring and copyright protection services. This launch marks a significant milestone in the digital transformation of the country’s cultural industry, and is expected to be a major catalyst in the development of the industry.

Advisers Earn $53M in 4 Months After Celsius Bankruptcy

• Lawyers, bankers, and other advisers in the case of Celsius’ bankruptcy earned $53 million for four months of work.
• Among the five advisors, Kirkland & Ellis was billed the most significant amount at $20.1 million, while White & Case’s services as advisors to unsecured creditors committees cost the most expensive at $10.2 million.
• Jenner & Block made a total sum of $1.9 million for its services as the advisor to the examiner, charging a rate of $59,000 per day for 32 days.

Celsius, a crypto lender, declared bankruptcy on July 14, 2022, in the wake of the ripple effect of the Terra-Luna crash. It paid its DeFi loans to Aave, Compound, and Maker, which ultimately led to the firm’s bankruptcy. Despite the unfortunate circumstances, lawyers, bankers, and other advisers have managed to earn a staggering amount from the case: a total of $53 million for four months of work.

Kirkland & Ellis was the company that earned the most significant sum for its services, billing a total of $20.1 million for 212 days of service, charging a daily fee of $166,000. White & Case was the most expensive advisor, earning $10.2 million for 94 days of service, charging $109,000 per day. Meanwhile, Jenner & Block made a total of $1.9 million for its services as the advisor to the examiner, charging a rate of $59,000 per day for 32 days.

Despite the bankruptcy of Celsius, lawyers, bankers, and other advisers were able to earn a large sum of money from the case. On the other hand, it is uncertain what the future holds for the crypto lender and its creditors. Nevertheless, the $53 million earned by the five advisors for four months of work is a testament to the importance of the services provided by these professionals in the context of legal proceedings.