Joseph Young
Joseph Young is a financial analyst based in South Korea. He has covered Bitcoin and the crypto market since 2013. He regularly contributes to the BTC Times, Forbes, and Cointelegraph.
![Joseph Young](https://btctimes.s3.amazonaws.com/b55f79b85e7549a489691ccbbde95214.jpg)
![Joseph Young](https://btctimes.s3.amazonaws.com/b55f79b85e7549a489691ccbbde95214.jpg)
![Mexico’s 3rd Richest Person Invests 10% of Liquid Portfolio in Bitcoin](https://btctimes.s3.amazonaws.com/7929cd1d191c406abcebc1663dc362cd.jpg)
Ricardo Salinas Pliego, a Mexican billionaire with a net worth of $12 billion according to Forbes, confirmed he has invested 10% of his liquid portfolio in Bitcoin. On November 18th, Pliego recommended the book “The Bitcoin Standard” and told his 810,000 followers that he invested a portion of his
by Joseph Young![Supply Crisis: Square Sells $1.63 Billion Worth of Bitcoin in Q3](https://btctimes.s3.amazonaws.com/cdb3594d0d8e4407aab35fa601820739.jpg)
In the third quarter of 2020, U.S. payments firm Square sold substantially more bitcoin than was mined. According to Square’s Q3 2020 shareholder letter filed with the U.S. Securities and Exchange Commission (SEC), the firm recorded $1.63 billion of Bitcoin revenue over the last three months.
by Joseph Young![The Number of Unique Bitcoin Addresses Surged in October](https://btctimes.s3.amazonaws.com/1d91e9bf24354b2cbc9dd2d7b682fe17.jpg)
Starting early October, the number of unique addresses on the Bitcoin blockchain has seen a significant surge. Number of uniquely identifiable Bitcoin wallet users. Source: Willy Woo, Glassnode Square's Bitcoin Purchase Sped Up Adoption Analyst Willy Woo describes unique Bitcoin addresses with a balance above zero as “Bitcoin
by Joseph Young![European Central Bank Launches Public Survey on Digital Euro](https://btctimes.s3.amazonaws.com/d194a73c802a497da171fabb42b05179.jpg)
As European Central Bank (ECB) president Christine Lagarde confirmed the institution is considering the launch of a digital euro, the ECB has launched a public survey for consumers to express their preferences with regards to a central bank-issued digital euro. The revelation comes after U.S. Federal Reserve chair Jerome
by Joseph Young![Avanti Becomes a U.S.-Regulated Bitcoin Bank With Unanimous Approval](https://btctimes.s3.amazonaws.com/9cecac9396884e3d8f73a0be5e0b78bf.jpg)
Avanti has received a bank charter from the Wyoming State Banking Board with a unanimous 8-0 vote. The approval allows the Bitcoin- and crypto-focused bank the same authority as national banks in the U.S. The First Digital Asset-Focused Bank in the U.S. Caitlin Long, CEO of Avanti who
by Joseph Young![Singapore’s Largest Bank DBS Publishes and Removes Crypto Exchange Announcement](https://btctimes.s3.amazonaws.com/1279dd86512b4e73bb1bebddf2cb3dc4.jpg)
On Thursday, Bitcoin users discovered a webpage including information on a digital exchange soft-launched by DBS Bank, the largest commercial bank in Singapore, on its website. But shortly after the cryptocurrency industry cheered the announcement, it was abruptly taken down. The initial announcement, which has since been taken offline, said
by Joseph Young![Can October Record Bitcoin's Highest Monthly Close in History?](https://btctimes.s3.amazonaws.com/4da7c0025adf40278e239d3772c9b6c2.jpg)
If Bitcoin sits above $13,873 at the end of October, it will print its highest monthly candle close in history. On a monthly candle chart, each candle represents one month of trading activity. Hence, a monthly chart typically covers years of trading activity on a single log chart, depicting
by Joseph Young![Grayscale Records $300M Inflow in a Single Day](https://btctimes.s3.amazonaws.com/042de1553f914caab5d232a313a9b949.jpg)
Over the course of 24 hours, asset management firm Grayscale's net assets under management (AUM) recorded a rapid inflow of $300 million. On October 21st, Grayscale reported its net AUM hit $7 billion, with the Grayscale Bitcoin Trust (GBTC) representing 82.84% of it. A day later on
by Joseph Young