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Home Tech Crypto Gnosis receives $2.3B in a day, now 3rd largest ETH holder with...

Gnosis receives $2.3B in a day, now 3rd largest ETH holder with 2.2% of supply

Document Analysis NLP IA

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objective
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Subjectivity0.41647361647362
it's an affirmation
Affirmation0.5301724137931

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Summary (IA Generated)

The decentralized finance platform Gnosis is now the third-largest holder of the Ether (ETH) coin supply.

Gnosis’ multi-signature storage safe received a deposit of 1,500,000 ETH on Jan.

That moved Gnosis up the Ether rich list, making it the third-largest holder of the ETH coin supply behind only Binance, and Ethereum itself.

7% of the ETH coin supply is held by just 10 addresses, all are either storage addresses used by cryptocurrency exchanges or function as smart contracts on the Ethereum blockchain.

57% of the total supply, worth $6.

The second-largest holder of ETH is Binance.

4 billion) held by the exchange represents the sum of all customers’ deposits stored in that particular wallet.

Gnosis announced its arrival on the cryptocurrency scene in 2017 when it closed out a $12 million initial coin offering in just 10 minutes — a world record at the time.

While no one individual owns any of the above rich list addresses, many cryptocurrency enthusiasts abide by the motto of “not your keys, not your coins”.

The line between crypto owner and crypto custodian isn’t always clear, however most major cryptocurrency exchanges now claim to employ security measures such as multi-signature wallets, which demand the presence of multiple private keys before coins can be moved.


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