Giant Bitcoin Whale Moves 113,000 BTC
From a massive movement of $435 million worth of Bitcoin to a big launch for Stellar, here’s a look at some of the stories breaking in the world of crypto.
The fourth biggest Bitcoin whale in existence may be done selling 113,000 BTC, now worth about $435 million. The whale began stockpiling the enormous stash of Bitcoin back in 2014 and began draining the wallet in 2018.
The address, which is not known to be a crypto exchange, sent the crypto to separate wallets consisting of 1,000 BTC each, indicating the whale was either spreading assets out to avoid attention, or sold the Bitcoin in private, over-the-counter deals.
The crypto wallet provider Abra has officially added native support for Ethereum, with support for ERC20 tokens coming soon.
“In the near future, we will offer native deposit and withdraw support for the other ERC20 tokens currently listed on Abra, in addition to other new tokens that we will now be able to list.“
Ripple and XRP
Ripple’s chief technology officer David Schwartz will join a fireside chat today at SXSW in Austin, Texas. The event will cover “cryptography, distributed ledger technology, and how blockchain is changing the foundation of our global economic system.”
SXSW has set up a livestream of the conference here.
Stellar (XLM) is launching on Coinbase Pro. The four-phase roll-out, beginning on Wednesday, will allow customers to make transfers, and post and match limit orders before full trading services are available.
The digital asset will paired with Bitcoin, the US dollar and the euro in all of Coinbase’s supported jurisdictions except for New York State.
Tron CEO Justin Sun told CNBC the future is bright for Bitcoin and cryptocurrency. Sun says he’s not focused on his coin’s market cap, and is instead working to bring blockchain to the masses.
“I have a very optimistic point of view of both Bitcoin and cryptocurrency. You can see the Lightning Network and also Facebook and JP Morgan are issuing stablecoins on the blockchain, so I think everything is very promising right now…
I think the valuation and the market cap is just the surface of the business. Primarily, I’m more focused on the business development, technology and lots of the exciting things happening on Tron now.”
Cardano founder Charles Hoskinson hosted a surprise ask-me-anything on YouTube. He says Cardano’s Shelley testnet is on schedule to launch this month, which will incorporate smart contracts and further push the platform toward decentralization.
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