Bitcoin Rich List: 1,000+ BTC Wallets Are The New Normal

A tweet from Glassnode has highlighted that the number of Bitcoin wallets holding more than 1,000 BTC has increased by more than 500 since last year, and now stands at almost 2,100 separate wallets. As shown in the chart below, more bitcoins are now locked in the 1,000 BTC to 10,000 BTC bracket than any other ‘order of magnitude’ classification. And the total supply of bitcoins locked in wallets that contain over 1,000 BTC has increased steadily as well, from 6,919,950 in September 2018, to 7,184,501 in January 2019, and to 7,530,446 today. In many ways the chart raises more questions than it answers. What is the reason for this increase? Why does it happen in large, almost vertical spikes? The chart below takes snapshots of the distribution of bitcoins in September 2018; January 2019; and now. The chart shows the total amount of BTC held in each balance category. The table highlights that the first major spike between September and January may be attributed to diversification of wallet addresses: 1M BTC flowed from large 10,000+ wallet balances to the smaller 1,000+ BTC range. The reason for this  may be purely of a practical nature, similar to compartmentalization in submarine...

If you were looking for an excuse to break out your best pair of jeans, now

If you were looking for an excuse to break out your best pair of jeans, now you have it: On Wednesday, June 19, from 4 p.m. to 7 p.m., everyone is invited out to LeBauer Park in downtown Greensboro for a family-friendly “Jeansboro Day” celebration that will honor the city’s ties to the famous pants. Music will be provided by Simply Irresistible – a group described by promoters as a “worldwide high-energy band.” Jeansboro Day at LeBauer Park will also feature a beer garden that will be serving a special ‘Jeansboro Hometown Ale’ from Joymongers Brewing Co., as well as a fashion show of Lee and Wrangler brands.  There will also be a photo booth, face painting, balloon art, sales of limited edition T-shirts and a wide range of meal choices provided by local food trucks. This is the fifth annual celebration of the iconic Lee and Wrangler jeans brands that are now part of the newly established Kontoor Brands – an international apparel company headquartered in Greensboro. According to promotional literature for the June 19 event, the fifth annual Jeansboro Day is meant to honor “the community’s unique role in transforming the American blue jean into an international icon.” Chris Waldec...