Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • 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 Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • 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 Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
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
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

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.”

ADVERTISEMENT

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
ADVERTISEMENT

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.”

ADVERTISEMENT

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

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


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

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$44,851.00
$44,851.00
6.4%
Ethereum
$1,361.42
$1,361.42
9.09%
Binance Coin
$211.80
$211.80
8.03%
Polkadot
$31.04
$31.04
12.96%
Cardano
$1.24
$1.24
11.29%
XRP
$0.415495
$0.415495
6.52%
ADVERTISEMENT

Spotlight

  • US Treasury Secretary Has Several Concerns About Bitcoin, Addresses Need for Digital Dollar
    February 24, 2021
  • ‘Big Short’ Investor Michael Burry Issues Warning on Future of Bitcoin and Gold
    February 22, 2021
  • Altcoin Daily Names Top 8 Altcoins Poised To Erupt in March
    February 26, 2021
  • SpaceX Is Exploring Benefits of Placing Bitcoin on Its Balance Sheet, According to MicroStrategy’s Michael Saylor
    February 23, 2021

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.

Check your inbox for confirmation email.

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 • Explore • Futuremash •
Crypto Livewire

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • 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 Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.