Reading Time: 5minutes The final quarter of 2021 was just as dramatic as the others, if not more so. The year ended with a bang, with Mt. Gox victims finally seeing some light at the end of the tunnel, a Bitcoin ETF finally being awarded (sort of), and the end of the Kleiman vs Wright saga. The concluding part of our four-part review of crypto in 2021 looks at what happened between October and December, so you might want to read parts 1-3 to catch up on the rest of the year’s action before diving into Q4. Snorkel ready? Then off we go.
At the same time, the exodus of registered Chinese users from exchange Huobi Global could be triggering a reorganization of funds, a more recent theory suggests.
According to Coinglass, Binance is up 840 BTC as of Friday, while OKEx has seen 767 BTC inflows. Huobi has lost a mere 158 BTC, but in December as a whole, a giant 14,044 BTC has left its books, hinting at the extent of the Chinese user exodus.
On the monthly view, Binance easily wins in terms of inflows, now up over 66,000 BTC versus the end of November.
Nonetheless, it was Coinbase attracting pundits as 2021 drew to a close.
“Coinbase buying has been pretty nonstop today,” popular Twitter trader Ryan Clark summarized.
An institutional “flippening” is coming
Beginning in early January after the holiday period, institutions are meanwhile predicted to reenter the limelight when it comes to BTC ownership.
Reading Time: 3minutes 2021 has seen its usual share of highs and lows in the cryptocurrency world, from Bitcoin beating its record price to people left bagholding NFTs of rocks. Of course there are people behind those peaks and troughs, and so we proudly present the 2021 FullyCrypto Cryptocurrency winners and losers. Winners Michael Saylor – MicroStrategy CEO Salyor rolls over for a second year in our winners list due to MicroStrategy’s sensational Bitcoin profits and his work in the sector. MicroStrategy now owns ₿121,044 at an average cost of $29,534, meaning a paper profit in the billions, while Saylor has taken an
The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down on the industry. NPP Project Revived Amid Short […]
More than 20,000 new Bitcoin ATMs were installed around the world since the beginning of 2021, according to Coin ATM Radar that keeps tabs on all the locations where crypto can be bought and/or sold for cash.