Bitcoin Wales

Coming Across Topics and posts detect some vocabulary which appears to be used mostly in many comments and posts currently, I understand it in general that people are talking about bitcoin but and I didn't realize if it is the right the way I think and not sure, following different posts also see I'm not alone with some kind of misunderstood how people use the world wales or Bitcoinwalles, this is not Because I'm newbie, yes I might be in the forum but not in crypto and think of other people no matter of the ranks did they use the word bitcoin wales /wales Correctly or did they mean in the same way correlated with other people when they use it. So I decided to Find some reading online which will help  me and other people who confused by this Vocabulary or Need to adding knowledge about the terminology for the people who are already the know it

What Is a Bitcoin Whale?

At this moment in time, the cryptocurrency market has a total capitalization of over $200 billion USD. As you may imagine, these funds aren’t distributed evenly, which means that people can individually own anywhere from a few bucks up to millions of dollars. So who are these investors? Bitcoin whales are individuals, hedge funds, and Bitcoin investment funds holding the highest amount of coins. In other words, these are the biggest Bitcoin investors on the market.

Due to the anonymity associated with Bitcoin’s blockchain network, it is difficult to say who owns what, but we know a high percentage of the coins is held by whales. At this moment in time, several of the major Bitcoin investment funds—meaning the biggest Bitcoin investors—include Bitcoins Reserve, Coin Capital Partners, Pantera Capital, Falcon Global Capital, Bitcoin Investment Trust, Fortress, and the Global Advisors Bitcoin Investment Fund. It’s believed that all these funds manage hundreds of thousands of Bitcoin, which can only enter digital currency exchanges via special arrangements.

Bitcoin whales are highly relevant to the market, as massive coin movements arranged by this group have the power of influencing prices and can create buy/sell trends. With this in mind, a Bitcoin whale that decides to sell part of their coins can plummet prices, as numerous others follow the trend and engage in panic selling. The same concept is valid when large amounts of coins simply move or are purchased.

Bitcoin Whale Stats

Now that we’ve discussed just what is a whale investor, let’s see how much of the market they own, how many of them there are, and where they’re keeping their investments.

According to a study made by ChainAlysis, at this moment in time, the Bitcoin whales group is a cluster made up of roughly 1,600 investors who hold around $37 billion in Bitcoin. This means that they hold almost one third of all the Bitcoin in circulation—close to 5 million coins. The coins are kept in wallets containing at least 1,000 BTC each.

To put things into better perspective, here are some statistics that will present how Bitcoin wealth is distributed amongst its richest users.

1633 addresses containing 1,000–10,000 BTC, or $22.8 billion USD

121 addresses containing 10,000–100,000 BTC, or $20 billion USD

3 addresses containing 100,000–1,000,000 BTC, or $2 billion USD.

What is Bitcoin Wales Again ?

1.Bitcoin Wales is a group that shall operate over Wales and push for Bitcoin adoption and the adoption of digital currencies.

2.It aims to be the centre point for the media or government to approach about digital currency matters.

3.There is often a misunderstanding of Bitcoin and digital currencies and we aim to be there for organisations to approach in regards to clarification about Bitcoin.

4.We will educate and teach people about Bitcoin and digital currencies so that the benefits can spread wide across wales.

5.Bitcoin Wales shall operate local groups across Wales and currently operates in Newport, Cardiff and Swansea.

6.The reason we are doing this is because we believe in the profound impact of this technology and we believe that digital currencies will greatly help Wales and the people of Wales to flourish.

More Read on

:: http://bitcoinwales.org/ 

:: https://bitfortune.net/bitcoin-whales/ 

::https://bitcointalk.org/index.php?topic=5234977.0

Chinese Nationals Sanctions For Laundering

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering in cryptocurrency stolen in a 2018 crypto exchange hack. At the same time, the Department of Justice announced an indictment for money laundering against the same two individuals.

Tian Yinyin (田寅寅) and Li Jiadong (李家东), materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, a malicious cyber-enabled activity, and the Lazarus Group, the OFAC alleged. The Lazarus Group is a U.S.-designated North Korean state-sponsored cyber group. 

HOW EXCHANGE HACK

The Treasury said that  Lazarus Group creates malware code from the now-defunct cryptocurrency application Celas Trade Pro, creating illegitimate websites and malicious software to conduct phishing attacks against the cryptocurrency sector.

In April 2018, an employee of an unnamed exchange downloaded the malware through an email, giving the hackers remote access to the exchange and unauthorized access to customers’ personal information, including private keys used to access crypto wallets stored on the exchange’s servers. The hackers used the private keys to steal cryptocurrencies worth $250 million at the time.

Reported By  https://news.bitcoin.com  |  https://cointelegraph.com/

Bitcoin Can be Regulated

CryptoBusiness

The different government keeps discussing the rigidity of bitcoin as the currency which can be used in Daily transactions as normal currency/fiat money. The ground of bitcoin provides every aspect of controlling transactions in order to regulate it and avoid money laundry practices. For sure you can't have one hundred control in any currency Control but at least 

Bitcoin proves itself as the stable currency which can store value and used to change people's lives and control is over KYC which done by many companies in crypto is not much but at least the company understands which address is doing How.

The Adoption of big government into the blockchain like China also still shows Blockchain technology with its mother coin Bitcoin is ready to be used also the establishment of Turkey Bank into migration to worldwide crypto Exchange shows Crypto is a financial instrument that store currency value where people now are able to withdraw crypto to fiat money Directly to Bank Account.

The steady growth of the trading volume of TRY pairs, CZ said that Binance is seeing strong demand in the Turkish market for crypto. Naming Turkey as an important market for Binance, he then reiterated his description of Turkey as “a vibrant country that has one of the strongest demands and fast-growing interest in crypto, blockchain, and technology in general.” When Binance organizes meetups locally, those in Turkey are usually some of the biggest ones around the world,