From a big Bitcoin whale movement to the cross-border payment potential of XRP, here’s a look at some of the stories breaking in the world of crypto.
Crypto whales are moving millions in Bitcoin as traders try to gauge whether bulls can move beyond $8,000.
In the last 24 hours alone, whales have moved $62.4 million in BTC, mostly from crypto exchanges to unknown wallets. However, the single biggest transfer came from one whale who moved $19.7 million in BTC onto the crypto exchange Huobi, indicating the trader in question may be looking to sell some of their assets.
— Whale Alert (@whale_alert) June 11, 2019
Here’s an overview of the biggest Bitcoin transfers in the past day.
- 2,500 BTC worth $19.7 million transferred from unknown wallet to Huobi
- 1,000 BTC worth $7.9 million transferred from Bitfinex to unknown wallet
- 725 BTC worth $5.7 million transferred from Bittrex to unknown wallet
- 982 BTC worth $7.7 million transferred from bitFlyer to unknown wallet
- 1,004 BTC worth $7.9 million transferred from bitFlyer to unknown wallet
- 1,000 BTC worth $7.9 million transferred from Bitstamp to unknown wallet
- 701 BTC worth $5.6 million transferred from Bitstamp to unknown wallet
Meanwhile, crypto analyst Josh Rager says Bitcoin is still in accumulation mode. According to Rager, BTC has to break $8,200 before another jump can happen in the short term.
Support that flipped to resistance, flipped back to support
Still in a channel and need to break above $8200 – closing there would likely lead up to $8700+
$7900 to $8000 has been the most accumulated price range since May 13th pic.twitter.com/bTaycMbNXP
— Josh Rager 📈 (@Josh_Rager) June 11, 2019
A new edition of the Week in Ethereum blog post is out.
This week’s post covers the latest efforts to scale the Ethereum blockchain and includes a number of updates on Ethereum-based platforms such as Kyber Network, Quorum and Augur.
Ripple and XRP
Ripple has released an extended cut of its interview with its vice president of marketing Kevin Mole.
Mole talks about how XRP can provide companies with on-demand liquidity, allowing them to move money around the world without having to pre-fund accounts in various countries.
Learn how XRP is key for on-demand liquidity in cross-border payments with VP of Product Marketing Kevin Mole on the latest episode of the #RippleDrop. https://t.co/k7AhGaB80r pic.twitter.com/Sas9jlxIx5
— Ripple (@Ripple) June 11, 2019
The crypto payment startup Wirex is launching a Stellar-based utility token on June 26th via an initial exchange offering on OKEx. Debit/credit card users who adopt the token can save money on bank transfer fees, wire fees and more.
“The Wirex token (WXT) is our next step on the road to mainstream cryptocurrency adoption. A Stellar-based utility token, WXT was created with the token economy in mind. As well as preparing us for the payment environment of the future, the Wirex Token allows us to help our users get the most out of Wirex, whether it’s heavily-discounted fees or bespoke merchant offers.”
Cardano creator Charles Hoskinson joins the latest episode of The Cardano Effect.
This week’s podcast covers Cardano’s updated roadmap, the progress being made on future visions of the platform and the overall value proposition of cryptocurrency.
The team at VeChain says it’s launching an accelerator program designed to help developers and companies build on the platform.
“We want all parties in the VeChain ecosystem to become a self-sufficient business and this means there is a need for a lot more than initial funding support. Therefore, following the bounty program, the VeChain Accelerator Program aims to provide the support needed as projects progress to becoming a successful business built on the VeChainThor Blockchain.
The Accelerator Program not only includes a grant but more importantly it provides the accepted projects with exposure to the resources in the ecosystem, ranging from business leads, incubation, investment opportunities, market awareness, technical support, and professional services. VeChain Foundation is committed to working with its partners within the network to support the projects at various stages.”