In today’s edition of Crypto Daily News, we’ll cover the updates of nearly one trillion dollars worth of Bitcoin (available on Coinbase) (BTC) has already been traded in 2018 and Coinbase making steady progress in enhancing its platform.

Crypto Daily News: August 16th, 2018

Almost One Trillion Dollars Worth of BTC

According to Trustnodes, an estimated $830 billion worth of Bitcoin (available on Coinbase) (BTC) has been traded so far this year. Coinmetrics composed the data and removed items that often mess with the price of Bitcoin (available on Coinbase), including “mixers, self-churn, privacy enhancements, spam, and change outputs.“

“From the perspective of the blockchain, all transactions are equally valid – but from the perspective of an analyst or economist, it’s useful to isolate only the meaningful economic transactions, so that’s what we’ve done here,” says Coinmetrics in a statement introducing the new measure.

The majority of the money moved into Bitcoin (available on Coinbase) (BTC) took place at the beginning of the year, no surprise there. According to their data, Money being moved in and out of BTC has declined each month of the year.

The figures composed are just estimates, so they may be off by 10% or so.