The number of active BTC addresses reached 22.3 million in January, and economists criticize the idea of issuing government tokens
The number of active BTC addresses reached 22.3 million in January
During the first month of this year, the number of unique active BTC addresses amounted to 22.3 million. The growth occurred against the background of an increase in the activity of traders and the price of bitcoin, which exceeded the $42,000 mark.
“In January, more than 22.3 million unique addresses were active in the network sending or receiving $BTC — the highest monthly number in Bitcoin’s history to date,” Glassnode said.
According to the company, January became a record for the number of active Bitcoin addresses. The previous record was reached in December 2017. The number of active addresses was 21 million. Since 2017, the number of active BTC addresses has not dropped below 10 million per month.
Economists criticized the idea of issuing government cryptocurrencies
Economists Peter Bofinger and Thomas Hass believe that government tokens issued as a medium of exchange may not compete with private banks. Experts believe that regulators need to focus on the concept of supranational cryptocurrencies that will become a store of value in the international system.
Economists admit that the best type of government cryptocurrency is one that regulators are unlikely to think about for fear of rejecting intermediation. It will be a government-owned cryptocurrency designed not to facilitate payments, but to save the value.
“The demand for a store-of-value CBDC would come from firms and large investors with bank deposits of more than €100,000, which would be bailed-in in the case of a bank restructuring. From the user perspective, this demand would depend on the interest rate for such deposits. Central banks could auction store-of-value deposits which would give them a perfect control over their amount,” the researchers noted.
SEC accused three leaders of the Bitcoiin2Gen crypto project of defrauding investors
The SEC has accused three leaders of the closed crypto project Bitcoiin2Gen of defrauding investors. In 2018, the company held an ICO for $11.4 million, with Steven Seagal as the face of its advertising campaign.
The SEC believes that the creator of Bitcoiin2Gen Christian Krstic and the promoter of the project John DeMarr violated securities laws during the ICO, and the company’s partner Robin Enos “was engaged in aiding and abetting.”
The defendants promised to distribute to 460 investors a B2G token, which, according to the SEC, never existed. The scammers promised a “mined” and “traded” digital token