Tech

Since the Black Thursday in March, Bitcoin Reserves have dropped

Published

4 years ago

April 13, 2020

With the pandemic of coronavirus threatening the strongest of economies, the Bitcoin is also taking a massive hit. It is more about the uncertainty of the market that’s toppling everyone.

There are many withdrawals in the market. And since March 12, which is known as the black Thursday, Bitmex has seen a 36% withdrawal from its reserves.

Bitmex is not alone; Bitstamp customers have also withdrawn. The questionable state of the market is also not helping with the situation.

Before the Black Thursday, Bitmex was flourishing. However, its reserves had started dwindling since January. And according to itscryptonews.com, Bitmex had more than 306,000 bitcoin held in reserves, but now, after the exchange, it has only 228,000.

It shows that the Bitmex customers removed 36% of the BTC. Also, it means that the firm withdrew the Bitcoin it had in its possession and transferred the funds elsewhere.

Coinbase also has the same story. It had 1 billion BTC in reserves as of January 25. It had a stash of $8.57 billion, but now it has a reserve of $6.92 billion. Along with Coinbase, Huobi is also suffering. It has 9.38% of its BTC reserves removed from the exchange.

Bitfinex also lost its reserve in the last three months of this year. It has lost 29% of its reserve. Along with Bitfinex, Bitstamp Clients also withdrew 72%.

Earlier it held the sixth position, but now it holds the 11th place. Kraken’s Customers also withdrew its reserves. And its reserves have dropped 24% since January 25.

The current situation does not guarantee any improvement. It all depends on when the effects of the virus will wane. And then the market can start growing again.

Tech

Expert Embedded Hardware Development Services by Integra

Published

2 months ago

February 27, 2024

Jonathan Grilli

Integra is a seasoned hardware design companies with a decade of experience in the field. Whether you need end-to-end embedded product development or assistance with specific project components, we’ve got you covered. From assessing your requirements to crafting hardware and firmware, to prototype testing, we ensure a comprehensive approach to meet your needs.

Our Offerings

At Integra, we specialize in developing embedded products for a wide range of systems. We excel in implementing projects based on 32-bit microcontrollers, designing electronics leveraging System-on-Chip (SoC) technology, and crafting solutions using 32- and 64-bit Single Board Computers (SBCs). Our expertise extends to creating intricate electronics with enhanced security requirements and a rich array of peripheral devices and input-output capabilities.

Our engineers are adept at crafting secure, cost-effective, and user-friendly embedded solutions for various industries, including consumer electronics, retail, healthcare, mining, oil and gas, entertainment, manufacturing, and more.

Services We Offer

PCB Design and Layout: We provide comprehensive PCB design services, ensuring optimal layout and functionality for your embedded hardware.
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Warranty Period: We stand behind our work with a commitment to quality and reliability, offering a warranty period to ensure your peace of mind.

Why Choose Integra?

Experience: With a decade of experience in the industry, we bring a wealth of expertise to every project we undertake.
Custom Solutions: We tailor our services to your unique requirements, ensuring that your embedded hardware aligns perfectly with your goals.
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Partner with Integra for expert embedded hardware development services that drive innovation and propel your projects to success. Contact us today to discuss your project requirements and see how we can help bring your vision to life.