The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Whale Stuns Traders With Massive Bet on Bitcoin – BTC, Ethereum, Ripple, XRP, Bitcoin Cash Newsflash

by Daily Hodl Staff
December 19, 2019
in Altcoins, Bitcoin

From a big gamble on Bitcoin to new progress on an XRP-based banking app, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Crypto traders are tracking a massive bet on Bitcoin from one of the biggest crypto whales on BitMEX.

The trader, who goes by the name J0E007, has built a massive long on BTC.

With the market in deep red on Wednesday, the trader remained undeterred, adding 4,000 BTC to his position. As the leading crypto approached a low of about $6,545, his position on paper was underwater by nearly $25 million.

Source: Twitter

Despite the heavy losses, the trader’s position was not liquidated, indicating he has enough cash in the account to keep it from closing out. And just a day later, the whale’s losses have dropped to about $11 million, with the price of BTC back above $7,000.

Fellow crypto traders are seeing the whale’s gamble as a sign that Bitcoin bulls can wrestle momentum from the bears.

It certainly appears there’s a method to the madness. So far this month, the trader has more than $14 million in realized profits.

To be fair those are unrealized losses. Have you seen his realized profit? pic.twitter.com/9rLSw6mtaw

— lfconstruct (@hodlfodlsodl) December 17, 2019

Ethereum and Bitcoin Cash

One of the first crypto exchanges to launch in the UK is delisting Ethereum and Bitcoin Cash.

London-based Coinfloor says the move is part of a plan to focus solely on Bitcoin.

“The decision will allow Coinfloor to provide a richer set of services for the world’s leading cryptocurrency while maintaining focus on simplicity. Over the short-term, the business’s aim is to strengthen its position as the UK’s number one Bitcoin exchange.

During 2020 and onwards, we will expand our product offering to focus on our long-term vision of being the leading provider of financial services that facilitate the Bitcoin economy.”

Ripple and XRP

The CEO of Ripple-backed XRPL Labs says the company is making progress on its XRP-based banking app.

Wietse Wind says XUMM is designed to give people a way to save and spend euros, dollars, XRP and other currencies without any help from a financial institution.

XUMM workflow:
1. App sends a payload to the API (server to server)
2. User gets redirected to XUMM payload page
3. User scans payload QR
4. User reviews & signs the transaction
5. Payload page redirects to success page (& app (#1) receives webhook with status & TX hash, etc.)
? pic.twitter.com/XznhfFQVaE

— WietseWind (?? Xaman @XRPLLabs) (@WietseWind) December 18, 2019

Wind recently revealed he’s planning to create a company that can ensure apps like XUMM are regulatory compliant across Europe.

[the_ad id="42537"] [the_ad id="42536"]
 
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 losses 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

  • MultiBank Group to List MBG Token on Gate.io and MEXC During Official Token Generation Event
    July 18, 2025
  • GSR Leads $100M Private Placement into Nasdaq-listed MEI Pharma to Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee
    July 18, 2025
  • KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities
    July 18, 2025
  • PlayW3 Unleashes ‘Be the Boss,’ a New On-Chain Business Model That Turns Creators Into Owners – Over $320,000 Already Paid Out
    July 17, 2025
  • Streamex (BSGM) CEO Henry McPhie Highlights BSGM Merger and RWA Tokenization Strategy in Live TV Interview
    July 17, 2025
  • Numerai Announces $1 Million Strategic Buyback of NMR
    July 17, 2025
  • Bit Origin Secures $500 Million Equity and Debt Facilities To Launch Dogecoin Treasury
    July 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,916.59
$117,916.59
0.75%
Ethereum
$3,603.44
$3,603.44
5.86%
BNB
$747.23
$747.23
4.27%
Solana
$178.33
$178.33
3.14%
XRP
$3.45
$3.45
5.29%

Spotlight

  • Bitcoin Primed for the Next Major Parabolic Advance, Says Crypto Analyst Kevin Svenson – Here Are His Targets
    July 11, 2025
  • Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche
    July 11, 2025
  • ‘This Could Very Well Be the Ultimate Bull Trap’ – Trader Issues Urgent Crypto Warning As Bitcoin Blasts Past $118,000
    July 11, 2025
  • Banks With One ‘Deficient’ Rating Could Still Be Considered ‘Well Managed’ Under New Federal Reserve Proposal
    July 11, 2025
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

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

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

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl