The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Whales Pull $243 Million in Bitcoin and Crypto From Bitfinex – Plus Ripple and XRP, Ethereum, Litecoin, Tron, Cardano

by Daily Hodl Staff
May 1, 2019
in Altcoins

[the_ad id=”36860″]

From a series of whale movements to an overhaul at the Ethereum Foundation, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Crypto whales continue to pull assets out of the embattled crypto exchange Bitfinex.

Since the Bitfinex and Tether controversy erupted on April 25th, resulting in fraud allegations detailed by the New York Attorney General, big-time traders have pulled about $243 million in crypto from the exchange, according to whale watchers.

Here’s an overview of the biggest transactions.

  • 2,417 BTC worth $12.8 million transferred from Bitfinex to unknown wallet
  • 3,895,868 EOS worth $18.5 million transferred from Bitfinex to unknown wallet
  • 1,050 BTC worth $5.5 million transferred from Bitfinex to unknown wallet
  • 26,471 ETH worth $4.2 million transferred from Bitfinex to unknown wallet
  • 1,266 BTC worth $6.5 million transferred from Bitfinex to unknown wallet
  • 2,658 BTC worth $13.8 million transferred from Bitfinex to unknown wallet
  • 1,400 BTC worth $7.3 million transferred from Bitfinex to unknown wallet
  • 1,580 BTC worth $8.2 million transferred from Bitfinex to unknown wallet
  • 13,377 BTC worth $70.3 million transferred from Bitfinex to unknown wallet
  • 3,999 BTC worth $20.6 transferred from Bitfinex to unknown wallet
  • 14,666 ETH worth $2.2 million transferred from Bitfinex to unknown wallet
  • 14,318 ETH worth $2.2 million transferred from Bitfinex to unknown wallet
  • 123,687 ETH worth $19.0 million transferred from Bitfinex to unknown wallet
  • 121,496 ETH worth $18.7 million transferred from Bitfinex to unknown wallet
  • 187,253 ETH worth $28.8 million transferred from Bitfinex to unknown wallet
  • 25,444 ETH worth $3.9 million transferred from Bitfinex to unknown wallet
  • 7,137,903 XRP worth $2.0 million transferred from Bitfinex to unknown wallet

In new court documents, lawyers working for the company behind Tether (USDT) say the stablecoin is only 74% backed by cash reserves instead of 100%, as previously reported. A number of crypto influencers are voicing their concern, including Ran NeuNer, the host of CNBC’s Crypto Trader.

This morning news broke that Tether is 74% backed by Fiat & market cap increased by $4bn.This is not good news!

Was this pump people trading out of Tether to tokens or acceptance that 74% is a sufficient reserve?

Why is the market so accepting of the Bitfinex/Tether situation?

— Ran NeuNer (@cryptomanran) April 30, 2019

On Sunday, Tether denied allegations that its funds were used to cover an $850 million loss at Bitfinex.

“The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. On the contrary, we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded. We are and have been actively working to exercise our rights and remedies and get those funds released. Sadly, the New York Attorney General’s office seems to be intent on undermining those efforts to the detriment of our customers.”

[the_ad id=”36860″]

Ethereum

The Ethereum Foundation has launched a complete overhaul of its website, Ethereum.org. The Foundation says it’s focusing on offering a portal of community-built resources for new developers and users.

“If you’ve been around Ethereum for a while, you know that ethereum.org has long been in need of an update.

But that delay has had a silver lining: the Ethereum community took on the responsibility of creating and maintaining documentation, community learning resources and educational material — all while on-boarding new users and developers. If you played any part in those efforts over the years: thank you.

We hope that the re-launch of ethereum.org as an open-source portal to the community will continue that important trend. Ultimately, there’s no better way to represent Ethereum to the world than by maintaining that spirit of decentralization and independence.”

Ripple and XRP

Ripple has sold a total of $890 million worth of XRP since 2016, according to The Block. About 34% was sold to crypto exchanges and 66% was sold to institutional participants.

The company’s latest XRP Markets Report shows Ripple sold $169 million in XRP in the first quarter of this year.

Source: Ripple

[the_ad id=”36860″]

Litecoin

An informational book about Litecoin from the Litecoin Foundation’s partnership coordinator Andrew Yang (aka Ecurrency hodler) is now available on Amazon. A peek inside shows a forward by Litecoin creator Charlie Lee.

Yo yo yo! Understanding #Litecoin is now on @amazonbooks! It's now easier than ever to on board newcomers into $LTC. Share it with with your friends and family. (Published through @LTCFoundation!)https://t.co/IKSERL5tLx pic.twitter.com/rbl2QIUnfF

— The Lite School ?? (@theliteschool) April 24, 2019

Tron

Binance has released an institutional-grade research report on the Tron-based BitTorrent Token (BTT), which will be used to power a rewards system on the peer-to-peer file-sharing platform BitTorrent.

“The addition of the BTT token extends the familiar protocol to create a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network, thus providing a way for network participants to capture the value of sharing bandwidth and storage.

Users of torrent clients are familiar with challenges such as slow downloads and files that become unavailable over time. By creating incentives for users to share, the token will enable faster download speeds and better swarm longevity for the entire network.”

[the_ad id=”36860″]

Cardano

Cardano creator Charles Hoskinson just sat down for an interview on the Bad Crypto Podcast.

Hoskinson talks about why Cardano is built on the Haskell programming language, IOHK’s latest enterprise blockchain project, Atala, and why he believes blockchain and cryptocurrency will change the world.

IOTA

IOTA has released a new explainer on the Qubic Computation Model. Qubic is designed to vastly improve IOTA’s capabilities by enabling distributed computing and smart contracts on a global scale.

An introduction to The Qubic Computation Model:https://t.co/kXPEQsLiLE

— IOTA (@iotatoken) April 30, 2019

[the_ad id=”36860″]

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
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.
Submit a Press Release

Industry Announcements

  • Unizen and DWF Labs Strategic Partnership To Revolutionize Web 3.0 User Experience
    March 31, 2023
  • Core’s Revolutionary Satoshi Plus Consensus Marries Decentralization, Security and Scalability
    March 30, 2023
  • Lost Worlds Launches Version 2.0 of GeoNFTs in Web 3.0 Platform
    March 30, 2023
  • Script Network, SingularityNET and Stacks Bring Practical Solutions to Real-World Issues
    March 29, 2023
  • OKX To Open Office in Australia
    March 29, 2023
  • Metacade Raises Over $14.7 Million As Presale Sets To Close in 72 Hours
    March 29, 2023
  • Binance Expands AI-Powered NFT Generator Bicasso
    March 28, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,885.47
$27,885.47
1.34%
Ethereum
$1,774.26
$1,774.26
1.48%
Cardano
$0.372538
$0.372538
3.86%
XRP
$0.536301
$0.536301
2.74%
Dogecoin
$0.07421
$0.07421
2.09%

Spotlight

  • SEC Chair Gary Gensler To Face Congress Over Strategy on Digital Assets
    March 29, 2023
  • Top Trader Says Shiba Inu (SHIB), Dogecoin (DOGE) and One Additional Memecoin Will Run Hard on Next Bitcoin Bounce
    March 29, 2023
  • Do Kwon To Be Held in Montenegro for 30 Days As Authorities Investigate Forged Passports: Report
    March 29, 2023
  • CFTC Says Bitcoin, Ethereum and Litecoin Are Commodities in Lawsuit Against Binance and CEO Changpeng Zhao
    March 29, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl