From a massive movement of Bitcoin to and from Coinbase to new details on Litecoin’s halving, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Crypto traders are trying to decipher why a Bitcoin whale has apparently moved 18,900 BTC worth about $154 million on – and quickly off – the leading US crypto exchange Coinbase.
A batch of 18,900 BTC was initially sent to Coinbase in one giant transaction, triggering fears that a sell-off could be incoming.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 18,900 #BTC (153,954,951 USD) transferred from unknown wallet to #Coinbase
— Whale Alert (@whale_alert) June 12, 2019
But just three hours later, the same amount of BTC was sent from Coinbase to three unknown wallets, leaving traders wondering why the Bitcoin was moved in the first place.
- 9,900 BTC worth $80.1 million transferred from Coinbase to unknown wallet
- 7,000 BTC worth $56.6 million transferred from Coinbase to unknown wallet
- 2,000 BTC worth $16.1 million transferred from Coinbase to unknown wallet
Earlier this month, a crypto whale was accused of triggering a market sell-off after moving 25,160 BTC to Coinbase just before the price of Bitcoin dropped.
Ethereum
The latest episode of the Into the Ether podcast is out, featuring an interview with the CEO of SpankChain, an Ethereum-based platform designed to provide payment solutions for the adult industry.
The podcast covers Ameen Soleimani’s journey into crypto, the creation of SpankChain and Ethereum’s funding and governance models.
Ripple and XRP
Ripple’s investment arm Xpring has now invested in 12 companies. The latest investment is in Bolt Labs, a company working to boost privacy on the Lightning Network.
Xpring is currently hiring and has a total of eight open positions.
We have open roles in Xpring or, as I call them, Xpring roles. https://t.co/oqYR3Rmw00
— David Schwartz (@JoelKatz) June 10, 2019
Litecoin
Litecoin creator Charlie Lee takes a look at LTC’s upcoming halving and the impact it will have on the world’s fourth largest cryptocurrency.
The halving is part of the coin’s deflationary monetary policy. In about 54 days, miners’ rewards for powering the network will be cut by 50%, slowing the creation of new LTC. You can check out a live countdown clock on CoinGecko.
Litecoin block halving is in 56 days! https://t.co/EBWbsIUp47
Here are some stats on mining profitability. After halving, miners are still profitable with electricity under 10¢. Many are paying only 5¢ and therefore should keep mining LTC post-halving. (https://t.co/AcQPEjdNtb) pic.twitter.com/VtA9aAv7FS
— Charlie Lee [LTC⚡] (@SatoshiLite) June 10, 2019
Stellar
The Stellar Development Foundation has released its first developer’s digest.
The inaugural edition looks at Stellar’s recent upgrade, the state of the developer ecosystem, upcoming events and more.
Cardano
A new video from the team at Cardano highlights how the platform’s treasury system will work. The system is designed to provide long-term sustainable funding for Cardano with a “community inclusive distributed decision-making mechanism” that allows users to vote on how the treasury will operate.
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