Glassnode’s acquisition of a company specializing in tracking crypto wallets
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Answer Glassnode’s acquisition of a company specializing in tracking crypto wallets
Leading crypto market data company Glassnode has acquired crypto wallet tracking company Accointing.com to allow users to track their wallets in one place.
In our articles on Arab Bitcoin, we usually cite the Glassnode platform and its data, as the platform specializes in tracking wallets and addresses on the blockchain, as well as a range of other blockchain intelligence and the crypto market.
The platform provides traders and investors with a suite of market intelligence and advanced metrics across the financial data of the crypto market, which is provided through actionable charts.
According to advertiseIn the coming months, Glassnode will integrate with Accointing.com, uniting both into one platform.
Read:Could buying Tesla with bitcoin be the same mistake as buying pizza with bitcoin?
Once the integration is completed, Glassnode users can take advantage of the services of Accointing.com, including offering their digital assets across wallets and trading platforms.
Users will also be able to take advantage of Accointing.com’s automated crypto tax compliance and reporting features.
Additionally, when the integration settlement process is complete, users will be able to access both platforms using the same login credentials.
Going back to talking about Glassnode, Tofi Data provides an accurate analysis of the overall crypto market so far.
The platform previously reported on the state of Bitcoin, telling the following:
2022 saw two massive capitulation events, both with the largest bitcoin transfer volume at loss since 2011.
When LUNA collapsed, the total transfer volume in loss was 538 thousand bitcoins.
This was followed by 480K BTC as BTC traded below the 2017 peak.
In addition, Glassnode also clarified in the same month that for the bear market to reach its final bottom line, the share of the losing cryptocurrency must pass primarily to those who are least sensitive to price and have the highest conviction.
Read:A set of non-fungible “Bored Yacht Ape” tokens sold for $24 million
The data provider added that one significant effect of a prolonged bear market would necessitate a redistribution of wealth among the remaining stakeholders.
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