01 Nov Crypto Whale Moves Half a Billion Dollars in Bitcoin (BTC) – Plus Ripple, XRP, Litecoin …
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From a half a billion in Bitcoin on the move to a new way to buy BTC, ETH and XRP in Russia, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
A series of colossal Bitcoin transfers has crypto traders on alert.
In less than one minute, a crypto whale moved 63,846 BTC worth a staggering $588.4 million in nine separate transactions.
The first transaction briefly triggered fears that a trader was gearing up to sell.
Seperating his bag to different exchanges, if so the doom is close pic.twitter.com/k462HOcuXs
— Lucifer ama tövbeli (@BitcoinB3Y) October 31, 2019
Here’s a look at all nine transactions, which happened between wallets of unknown origin at exactly 2:29 a.m. EST.
The crypto data company Coinfirm.io eventually traced the transfers to the crypto custody firm Xapo, which secures huge sums of crypto on behalf of institutional investors.
Coinbase recently acquired Xapo for $55 million, reportedly outbidding the trillion-dollar…
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