Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Bitcoin transactions, known to be fully transparent, but mostly anonymous, often spring up interesting blockchain transactions that comes to light into the community. There is even a Twitter account called Whale Alert, which highlights big transactions in the cryptocurrency space.
This twitter account noted a massive transaction of 94,504 BTC (worth over one billion dollars) being moved at the end of this week. The interesting thing about this transfer is that it is not a transaction initiated by an exchange, which could hold this sum of money, but rather seems to be a private individual.
More so, the person moving these funds had no need to request permission from any kind of bank, government institution, or regulator, and their funds have been moved with no oversight from a centralized force. Additionally, their fees for moving this amount of money amount to $700.
However, people are now curious what this movement of funds was about, and who could be behind it, seeing as it does appear to be an individual.
Once the transaction was signaled by Whale alert, theories started flooding in, but it was because a billion-dollar worth of bitcoins were sent from multiple addresses to a single address that people have a number of theories.
Just before the massive transfer, the same unknown account sent 0.3 BTC to the address, perhaps as a test to determine the health of the wallet and if it was ready and an operational address.
One external factor that may have a role to play in the movement of such a huge amount of money in Bitcoin could be tied to the opening of the Bakkt futures trading vault. This is a place that allows for institutional investors to deposit their Bitcoin in anticipation for the launch of the Bakkt futures trading later in September.
Bakkt have said that their deposit scheme would be open on Friday, September six, for customers to prepare their Bitcon for futures trading with the fully regulated platform. The idea that an individual has prepared $1 billion in Bitcoin to trade on a futures platform is plausible, but it seems over the top - especially for such a new platform which is yet to open fully.
Another possibility of who is behind this transaction could be self proclaimed inventor of Bitcoin, Craig Wright - aka, Satoshi Nakamoto.The Australian computer scientist has recently concluded a long standing court battle with the brother of his deceased business partner.
The outcome of this court case was that Wright would have to pay out a huge sum of money to Ira Kleinman to settle the dispute. The sum amounts to around $5 billion dollars, and Wright would have to pay that in Bitcoin. Therefore, it could well be that Wright is readying his funds in order to transfer them over to Kleinman - with this being the first bucket of $1 billion.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Binance´s Launchpad Gears Up Tor Arkham Token Sale, Starts Recording BNB Balances
4 months ago | Benzinga
Arkham´s New Crypto Intel Trading Platform: A Game Changer For Traders?
4 months ago | NewsBTC
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
4 months ago | Coindesk
Bitcoin Edges Lower; Bone ShibaSwap Becomes Top Loser
4 months ago | Benzinga
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Bitcoin Whale Moves $1 Billion in Bitcoin - But Who Was it?
Bitcoin transactions, known to be fully transparent, but mostly anonymous, often spring up...
Passive Income with Crypto Tokens
The crypto world has been exploding in recent times. The cryptocurrencies have proven to be the...
6 Best Cryptocurrencies to Invest In 2022
In the past few years, the cryptocurrency craze has been quite a sensation; their adoption has...
EOS Review
What Is EOS?EOS is a blockchain that embeds a smart contract platform. Its goal has been to...
States have every interest in regulating the world of cryptocurrencies
States have every interest in regulating the world of...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)