Crypto Whales Move $396 Million in Bitcoin, Plus Ripple and XRP, Ethereum, Tron, Stellar, Cardano: Crypto News Alert
From the biggest Bitcoin whales in existence to a big upgrade for Tron, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
In the past month, the top 100 largest Bitcoin addresses, which include addresses owned by major cryptocurrency exchanges, moved about 104,949 Bitcoin worth $396 million, according to the latest data on BitInfoCharts.
Ten of those addresses ended the month with more Bitcoin. In total, those 10 addresses added 74,966 BTC, indicating the whales may have bought to increase their holdings.
Meanwhile, seven of the 100 Bitcoin addresses ended the month with less BTC, indicating they may have sold. In total, those seven addresses had 29,983 fewer BTC than they had at the start of the month.
Ethereum
Ethereum creator Vitalik Buterin is set to give the keynote speech at the first Ethereum “supermeetup” in Hong Kong on March 13th. According to a press release, Buterin will highlight what’s in store for the platform in 2019.
“The SuperMeetup will provide participants with the opportunity to learn from the leading voices in the Ethereum ecosystem as key members of the Ethereum Foundation and Ethereum Community Leaders from all across Asia come together for an informative evening of keynotes, panel discussions, and AMAs.”
Ripple and XRP
The first bank to utilize Ripple’s XRP-powered solution xRapid has released a new ad touting the partnership. Early this month, Euro Exim Bank said it has successfully integrated the cross-border payment technology and is working with the team at Ripple to make sure everything is running smoothly.
Tron
Tron is gearing up to launch a new update. According to Tron founder Justin Sun, the hard fork is set to happen on February 28th.
#TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. multi-sig and acct mng, institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better VM safety, events server for Dapps. Go! #TRX $TRX
— Justin Sun (@justinsuntron) February 24, 2019
Stellar
BlockEQ is a private, non-custodial Stellar wallet that allows users to send, receive, and trade Lumens (XLM) and Stellar tokens on a decentralized exchange. The first Stellar wallet to hit the App Store, BlockEQ is now gearing up to launch a new service, allowing users to deposit Bitcoin and convert it into Bitcoin tokens on the Stellar network for faster and cheaper transactions. The team eventually plans to support multiple cryptocurrencies and fiat currencies as well.
According to co-founder Jon Lister,
“The example that you should be able to spend your cryptocurrencies using a credit card I think is completely misguided. Cryptocurrencies need their own form of a digital wallet and payment application rather than trying to mold them and form them into the outdated, slow applications we have today: credit cards.”
The team behind the Stellar-based wallet, which was acquired by Canadian crypto exchange Coinsquare last year, says it has yet to reveal an official date for the new service.
Given the pace of technical innovation we’ve seen in the past few decades it’s surprising that our payment networks haven’t kept pace. For @block_eq founder, @JonBlockEQ, this lack of innovation is a huge opportunity. WATCH: https://t.co/AzUO6Mma81 #cdntech #futureoffintech pic.twitter.com/4B3a0qmMSL
— TWG (@TWG) February 21, 2019
Cardano
The latest episode of The Cardano Effect features Cardano creator Charles Hoskinson. This edition takes an in-depth look at Shelley, the upcoming major release that will make the Cardano network fully decentralized.
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