Fun

News Feed - 2023-09-07 05:09:37

Tom Blackstone3 hours agoGrayscale Bitcoin Trust’s alleged wallet addresses released by ArkhamThe blockchain analytics firm claims Grayscale is the world"s second-largest BTC entity.1203 Total views38 Total sharesListen to article 0:00NewsJoin us on social networksBlockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust consists of more than 1,750 addresses holding a total of over $16 billion worth of Bitcoin (BTC), according to a Sept. 6 thread on X (formerly Twitter). Arkham claimed that Grayscale is “the 2nd largest BTC entity globally.”Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain.

It is the 2nd largest BTC entity globally, holding >$16B of BTC.

Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust. https://t.co/uEN4kNldpm pic.twitter.com/p9GfrthoKR— Arkham (@ArkhamIntel) September 6, 2023


The Grayscale Bitcoin Trust holds over $16 billion in BTC. Its issuer, Grayscale, is currently battling with the U.S. Securities and Exchange Commission as it attempts to transform the trust into an exchange-traded fund.


Members of the Bitcoin community have long speculated about where Grayscale keeps its huge stockpile of BTC. Grayscale has so far refused to provide the addresses of its wallets, citing “security concerns.” Some X users have criticized Grayscale for not releasing the addresses, accusing it of carrying less Bitcoin than it claims.


A search for “Grayscale Bitcoin Trust” within Arkham on Sept. 9 revealed the following five addresses:16vd2YfcGK9mw3GZXzL5o23m7gdBGXKHNz1GRGfd3TtBA2vMjoHH3hVpE6CRx5nZ1YJp15gioFeKnUjerTQ9LYNreW3Bt9kn9xrTU41DtdMtJL2zggkoFPDbEbM2Ja1EYH8LeH9B1CU9gusmCCfCjsmGatxbzvXLqoisgnaV9n


The first three addresses hold roughly $51 million worth of Bitcoin in total, according to Arkham. The last two hold no funds but do show transactions coming from other Grayscale Bitcoin Trust addresses, including 1L8k2SD9sdTTzdDxA19QdobLbUyKyV2RVi and 1CS1M4oVbcFnZjZ5hU5bk6vLi2Q5VSsmpX. Arkham does not provide a full list of addresses for the Grayscale entity, but it does label each Grayscale address clearly as part of the transaction history of each wallet.


Related:Vivek Ramaswamy: Grayscale win ‘clears a path’ for Bitcoin innovation


Grayscale’s entity page on Arkham shows it is carrying 627,779,000 BTC valued at over $16 billion.Grayscale Bitcoin holdings. Source: Arkham


This is similar to the amount claimed on Grayscale’s website, implying that it does have enough Bitcoin to satisfy withdrawals. 


Arkham has often come under criticism for revealing private information about blockchain users, as some X users have labeled it a “snitch-to-earn” platform. However, the platform’s CEO has argued the company is only trying to even the playing field between big institutions and smaller players who would otherwise lack information.# Bitcoin# Blockchain# Grayscale# RegulationAdd reactionAdd reactionRead moreWhat are NFT royalties, and how do they work?ChatGPT-coded smart contracts may be flawed, could ‘fail miserably’ when attacked: CertiKHow to handle crypto trading gains and losses on your balance sheet

News Feed

The HDF Educational Welfare Report: CoinEx Charity Empowers Children’s Education Through Charitable Giving
The HDF Educational Welfare Report: CoinEx Charity Empowers Children’s Education Through Charitable Giving press release PRESS RELEASE.Since last year, CoinEx Charity has been fun
Amid Colorado’s Gas Flare Ban, Report Shows Half Dozen Gas and Oil Firms Are Raking in a Lot of Bitcoin
Amid Colorado"s Gas Flare Ban, Report Shows Half Dozen Gas and Oil Firms Are Raking in a Lot of Bitcoin In November 2020, Colorado banned gas flaring, venting, and the release of r
Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum
Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum Tether has never been more popular. A quick look at Coinmarketcap data underscor
Martin Young2 hours agoFirms have mere hours to deflect cyber attacks, warns cybersecurity CEOPalo Alto Networks CEO Nikesh Arora has warned that “bad actors are getting faster” and stressed that companies need to be
World’s Largest Collector Car Auction House RM Sotheby’s to Accept Cryptocurrencies
World"s Largest Collector Car Auction House RM Sotheby’s to Accept Cryptocurrencies On Wednesday, the world’s largest collector car auction house by total sales, RM Sotheb
Tom Mitchelhill3 hours agoSui Network launches Google, Twitch and Facebook logins for DAppsSui joins the growing ranks of Web3 firms looking to onboard users who are all too often “irretrievably lost” at the doorstep
Movement Labs joins Polygon Agglayer, bags $160M TVL commitment for mainnet
Arijit Sarkar9 hours agoMovement Labs joins Polygon Agglayer, bags $160M TVL commitment for mainnetMovement Labs joins Polygon’s AggLayer to boost blockchain interoperability and protect developers against 90% of audit
Power Deficit Forces Crypto Miners to Leave Kazakhstan
Power Deficit Forces Crypto Miners to Leave Kazakhstan Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals
Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
Tristan Greene5 hours agoMeta reportedly cut metaverse budget by 20% as Q2 earnings call loomsDespite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.3781 Total views7 Total sharesListe
Jesse Coghlan7 hours agoBitcoin ETF is the needed ‘seal of approval’ for BTC — Mike NovogratzThe Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and gov
Mining Hardware Thief Gets 3-Year Sentence in Russia
Mining Hardware Thief Gets 3-Year Sentence in Russia Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A re
Losses due to crypto hacks fall 67%, Bitcoin DeFi interest rises: Finance Redefined
Prashant Jha4 hours agoLosses due to crypto hacks fall 67%, Bitcoin DeFi interest rises: Finance RedefinedThe amount stolen through crypto hacks and the number of successful attacks sharply declined in April.580 Total vi