Bitcoin Whales Move $438 Million in Crypto – Plus Ripple and XRP, Ethereum, Litecoin, Stellar
From a Bitcoin whale migration to new adoption for Ethereum and Litecoin, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Bitcoin investors with large holdings, known as whales, are in overdrive as the price of Bitcoin pushes toward $11,000. In the last 24 hours, whales moved 38,881 BTC worth about $438 million, according to Whale Alert.
Most of the transfers are from crypto exchanges to unknown wallets or from one unknown wallet to another. Only one whale moved crypto onto an exchange, meaning the trader in question may decide to sell some or all of their 700 BTC.
Whale Alert speculates that some of the transfers from cryptocurrency exchange Bitfinex to unknown wallets could be funds moving to cold storage.
- 499 BTC worth $5.4 million transferred from Sygnia.io to unknown wallet
- 555 BTC worth $5.9 million transferred from Sygnia.io to unknown wallet
- 777 BTC $8.3 million transferred from Sygnia.io to unknown wallet
- 1,222 BTC worth $13.0 million transferred from Sygnia.io to unknown wallet
- 555 BTC worth $5.9 million transferred from Sygnia.io to unknown wallet
- 499 BTC worth $5.3 million transferred from Sygnia.io to unknown wallet
- 1,222 BTC worth $13.0 million transferred from Sygnia.io to unknown wallet
- 6,450 BTC worth $69.7 million transferred from unknown wallet to unknown wallet
- 500 BTC worth $5.4 million transferred from Coinbase to unknown wallet
- 900 BTC worth $9.8 million transferred from Bitstamp to unknown wallet
- 886 BTC worth $9.7 million transferred from Bitstamp to unknown wallet
- 487 BTC worth $5.2 million transferred from Bitfinex to unknown wallet
- 526 BTC worth $5.6 million transferred from Bitfinex to unknown wallet
- 4,326 BTC worth $46.8 million transferred from unknown wallet to unknown wallet
- 526 BTC worth $5.6 million transferred from Bitfinex to unknown wallet
- 555 BTC worth $5.9 million transferred from Bitfinex to unknown wallet
- 561 BTC worth $6.0 million transferred from Bitfinex to unknown wallet
- 590 BTC worth $6.2 million transferred from Bitfinex to unknown wallet
- 593 BTC worth $6.5 million transferred from Bitfinex to unknown wallet
- 600 BTC worth $6.6 million transferred from Bitfinex to unknown wallet
- 2,800 BTC worth $30.8 million transferred from unknown wallet to unknown wallet
- 11,618 BTC worth $125.7 million transferred from Bitfinex to unknown wallet
- 484 BTC worth $5.3 million transferred from Bitstamp to unknown wallet
- 450 BTC worth $4.9 million transferred from Huobi to unknown wallet
- 700 BTC worth $7.4 million transferred from Bitfinex to Huobi
Ethereum
One of the biggest insurance providers in the world is reportedly testing a new proof of concept on the Ethereum blockchain.
MetLife is starting a pilot program to see if the technology can boost efficiency and transparency, reports Forbes.
“In what is believed to be the first pilot program in the world focused on the life insurance industry, MetLife’s Singapore-based incubator LumenLab is collaborating with Singapore Press Holdings (SPH) and NTUC Income (Income) on a platform of smart contracts known as ‘Lifechain’ to help loved ones quickly determine if the deceased was protected with a policy and automatically file a claim.”
MetLife says the pilot is beginning with a sample size of 1,000 users.
Ripple and XRP
Ripple chief technology officer David Schwartz says he has no idea how Ripple’s new partnership with MoneyGram could affect the price of XRP.
Schwartz says the long-term utility of XRP is what will drive the price in the long run.
I don't pretend to understand what things affect the prices of digital assets or how. I don't think anybody really does. My guess is that price is mostly based on assessment of long term utility and the market doesn't think these kinds of things affect that very much.
— David Schwartz (@JoelKatz) June 19, 2019
Litecoin
Litecoin VP of nationwide merchant solutions has announced new adoption for Litecoin. Jon Moore says All American Ford in New Jersey is now accepting LTC.
Great news for everyone!! @allamericanford is now Accepting #Litecoin for Payment!! They are the largest Ford Dealer in the Northeast!! Go pickup a Ford F-150 or Mustang and #PayWithLitecoin Great job @CryptoCrusader1 for hooking it up!!! @johnkim77 @BigEtheword @LTCFoundation pic.twitter.com/RtmqCo1395
— Jon Moore (@jonnylitecoin) June 22, 2019
Stellar
The team at the Stellar Development Foundation just released an interview with the CEO of Stellar-based micropayments platform SatoshiPay. Meinhard Benn talks about how Stellar is powering SatoshiPay’s mission to transform online publishing. The platform allows digital content creators to charge small amounts for their videos, articles and PDFs instead of monetizing content with ads.
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