Robinhood identified as third largest Bitcoin wallet while Friend.tech is finished three weeks post launch

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Last Updated on 6 November 2023 by CryptoTips.eu

Robinhood, the online trading platform that allows you to buy crypto and stocks in the United States from your smartphone, appears to be the owner of the mysterious Bitcoin wallet that has become the third largest Bitcoin wallet ($3 billion) in the world after just a few months of massive purchases.

Friend.tech, the online social media platform launched by some crypto influencers, has been declared dead after only three weeks.

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Robinhood

Although Bitcoin barely moves and the crypto markets, just like the stock markets, seem to be awaiting the beginning of September for any renewed volatility, there is still a lot of news coming from the world of crypto.

First, it seems that Americans have been very busy buying Bitcoin in recent months, especially now that it appears that the mysterious Bitcoin wallet that bought massive amounts of the world’s largest digital currency in recent months belongs to Robinhood.

Robinhood is the online trading platform used by Americans to buy both stocks and crypto from their smartphones. Especially during Covid it registered incredible growth.

It was previously thought that the famous mysterious wallet belonged to Blackrock, but that has now been corrected.

Robinhood, which has not yet officially responded to the Arkham Intelligence news, thus becomes the third-largest bitcoin holder behind crypto exchanges Binance and Bitfinex, which hold $6.4 billion and $4.3 billion in tokens on separate wallets, respectively.

Friend.tech

Three weeks ago you couldn’t look past Friend.tech on crypto X (or crypto Twitter if you will). A large group of influencers tried to convince everyone to switch to the newest social media platform where you could only participate by invitation (and payment of some friend.tech crypto coins to them at the same time).

This weekend, the official end of the platform, which promised to become the first Web3 social media platform for crypto, was announced on X.

The reason for the end is that after all the hype of the first weeks, no audience was really found for it. And of course you can’t have influencers buying tokens from other influencers.

monticello / Depositphotos.com

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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