Crypto Whales Ignite, Moving $891 Million in Bitcoin, Plus News on Ripple and XRP, Tron, Ethereum, EOS, Monero, Zcash, Cardano: Crypto News Flash
From a staggering amount of Bitcoin on the move to the use of XRP as a base pair, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Some of the richest Bitcoin wallet addresses are suddenly moving massive amounts of crypto.
In a 24-hour period, the ninth, tenth and eleventh biggest Bitcoin wallets suddenly cranked into motion, moving an eye-popping total of 232,024 BTC, worth about $891 million at time of publishing.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 66,452 #BTC (263,155,325 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) December 4, 2018
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 66,379 #BTC (262,487,346 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) December 4, 2018
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 66,236 #BTC (260,443,654 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) December 4, 2018
🚨 🚨 🚨 🚨 32,957 #BTC (130,098,632 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) December 4, 2018
Although the owners of the wallet addresses are unknown, there’s speculation that some of the movements could be due to a major crypto exchange shifting assets around in an effort to keep them secure.
Ethereum
The founder of the Ethereum-based development studio ConsenSys says the company is implementing a big shift in strategy to adjust to the crypto bear market.
As reported by Breaker, Joseph Lubin says he’s restructuring the company to ensure it invests wisely and stays lean.
“We must retain, and in some cases regain, the lean and gritty startup mindset that made us who we are…
In ConsenSys 1.0, we built a laboratory instrumented to prove the moon existed, using complex engineering and math and creative philosophical arguments,” Lubin told employees in his letter. “Now we need a streamlined rocket ship to get us there, since the actual proof, ultimately, is in the landing.”
Ripple
Ripple discussed the future of crypto and blockchain in a new interview with Kevin Werbach.
Werbach is a professor of legal studies and business ethics at the Wharton School of the University of Pennsylvania. Wharton is participating in Ripple’s University Blockchain Research Initiative (UBRI). You can check out the full interview here.
Meanwhile, the Vancouver-based crypto exchange CoinField says it’s expanding its use of XRP as a base pair. The company plans to announce a number of new pairs in the near future.
We are glad to announce that CoinField is listing some new coins as #XRP based pairs and expanding to 10 new countries before end of year. #StayTuned for our next official press release.@Ripple @Ripple_XRP1 @xrp_news @XRPtheone @XRPstreetTEAM @KingRippleXRP @XrpCenter @BankXRP pic.twitter.com/668CI7JhDY
— CoinField (@coinfieldEX) December 4, 2018
EOS
In a new blog post, the chief technology officer of EOS, Block.one developer Dan Larimer, reaffirms his commitment to the platform.
The post follows a surprise statement from Larimer on Telegram, stating he’s thinking about creating a new coin separate from EOS that would be “immutable, non-programmable, and limited to a currency role.”
Ethereum Classic and Steem
An Ethereum Classic development team (ETCDEV) is closing its doors after running out of funds.
Unfortunately ETCDEV cannot continue to work in the current situation and has to announce shutdown of our current activities pic.twitter.com/N6xWnpBNJJ
— ETCDEV (@etcdev) December 3, 2018
The prolonged bear market has also forced blogging platform Steemit to lay off 70% of its team. Steemit, one of the leading blockchain-based social networking sites, uses Steem tokens to reward content creators. Two years ago the platform grew 1,600% in just two months, paying out $1.3 million to its users. Now the social network has turned down the volume. After posting several tweets per day in November, the Steem team made its most recent tweet two weeks ago, on November 20.
Monero and Zcash
The US Department of Homeland Security is reaching out to small businesses that could help the agency find ways to track transactions on privacy coins like Monero and Zcash.
“This proposal seeks applications of blockchain forensic analytics for newer cryptocurrencies, such as Zcash and Monero…
A key feature underlying these newer blockchain platforms that is frequently emphasized is the capability for anonymity and privacy protection. While these features are desirable, there is similarly a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature. To that end, this proposal calls for solutions that enable law enforcement investigations to perform forensic analysis on blockchain transactions.”
The proposal surfaced on FedBizOpps.
Cardano
Emurgo director Gareth Hayes is offering some insight on the company’s efforts in a new interview with Blockchain Media.
The Hong Kong-based company is a startup accelerator working to create DApps on the Cardano protocol.
Tron
Tron just released its weekly update, covering the latest technical advancements, community efforts and decentralized app developments on the network.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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