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Deutsche Telekom, the largest European telecommunications company, announced Tuesday its digital innovation subsidiary T-Systems Multimedia Solutions (MMS) will use its infrastructure to participate in the public blockchain network Polkadot as a validator. In addition, T-Systems MMS has acquired DOT tokens and supports interoperability between decentralized blockchain networks. T-Systems MMS will use those DOT tokens to stake on the Polkadot network, which has involved integrating a crypto business function into the telco’s accounting system.
A recent study conducted by The National Bureau of Economic Research shows 0.01% Bitcoin addresses control 27% of all circulating coins, which means that Bitcoin’s “one percent” controls a greater share of BTC than the richest U.S. households control in dollars. We have seen BTC has gained 4% in the last 24 hours and it is approaching the 200-day exponential moving average (200-day EMA). BTC needs to break through and maintain above this major price level in order to reverse the bearish trend.
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