Cryptocurrency News Today: Someone moved $1 billion in a single bitcoin transaction

0
31
Cryptocurrency News Today: Someone moved $1 billion in a single bitcoin transaction

Whale sighting —

We don’t know who was responsible for the massive transfer of 94,504 bitcoins.


Holders of large amounts of bitcoin are known as

Enlarge / Holders of large amounts of bitcoin are known as “whales.”

Jenny Evans/Getty Images

Late on Thursday night, US Eastern time, someone made one of the biggest transactions in bitcoin history: 94,504 bitcoins. At the then-current bitcoin price of around $10,600, this transaction was worth almost exactly $1 billion. It’s now worth around $967 million.

Bitcoin’s shared transaction ledger is open, but addresses are anonymous by default. As a result, we know that the transaction occurred, but we don’t know who made it or why. One analysis indicated that at least a third of the money comes from Huobi Global, a Cryptocurrency exchange based in Singapore. So the transaction could reflect big withdrawals from a

Read More

Leave a reply