Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

123,447 Bitcoin Worth $1.1 Billion on the Move, Analysts Tracking Source of Giant BTC Transfer

by Daily Hodl Staff
January 16, 2020
in Bitcoin

Crypto traders are monitoring a breathtaking move of 123,447 Bitcoin (BTC) worth about $1.1 billion.

Twitter’s go-to source for colossal crypto transfers, Whale Alert, was among the first to report the transaction. Initial reports show the BTC was sent between two wallets of unknown origin. The transaction fee was a meager 0.00005578 BTC – which is worth just 48 cents.

? ? ? ? ? ? ? ? ? ? 123,447 #BTC (1,097,343,503 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/LhtaWPMrxI

— Whale Alert (@whale_alert) January 15, 2020

According to the blockchain analysis firm Token Analyst, the wallets in question are owned by the Hong Kong-based crypto exchange Bitfinex. However, the exchange has not confirmed it is behind the transfer.

Late last year, the US-based crypto exchange Bittrex made waves by reportedly transferring a total of about $9 billion in BTC across 21 separate transactions in less than an hour. The analytics company Glassnode attributed the movements to the exchange.

Anthony Pompliano, co-founder of the digital asset management company Morgan Creek Digital, says Bitcoin is proving itself as an extremely reliable way to transfer value without the need for a third party. He cites data from Coin Metrics which shows that the amount of value settled on the Bitcoin network hit $673 billion in 2019.

“Bitcoin did $673 billion in adjusted on-chain transaction volume in 2019, according to @coinmetrics. $673,000,000,000 in a single year. That is 10x what Venmo did in 2018. It is nearly impossible to deny Bitcoin’s popularity globally.”

Check Latest News Headlines


 
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.

Featured Image: Shutterstock/Andrew Marriott

Submit a Press Release

Industry Announcements

  • Former Navy SEAL and Author Willard Chesney Joins CBS SEAL Team Actor Justin Melnick With NFT Collection Release on the ReserveBlock RBX Network, Proceeds To Benefit the Boot Campaign
    August 16, 2022
  • Oraichain Introduces Accelerator Program for DApps Building on Its AI Layer One Ecosystem
    August 15, 2022
  • DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund
    August 11, 2022
  • Metaverse, Web 3.0 Disruption and Blockchain Advancement To Be Discussed at MetaWeek in Dubai
    August 11, 2022
  • DeFiChain Community Brings Attractive Rewards for DFI ERC-20 Pairs on Uniswap
    August 8, 2022
  • Bware Labs Announces the Blast Incentivized Testnet, Code-Named Houston
    August 8, 2022
  • Aurigami Collects $12 Million War Chest To Grow Aurora-Based Lending Protocol
    August 2, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,921.41
$23,921.41
0.74%
Ethereum
$1,878.54
$1,878.54
0.98%
Cardano
$0.562694
$0.562694
0.41%
XRP
$0.375026
$0.375026
0.53%
Dogecoin
$0.085138
$0.085138
8.74%

Spotlight

  • Bitcoin Prepping for Parabolic Move to $100,000 As Altcoin Season Peaks, According to Crypto Analyst
    August 11, 2022
  • Here’s What Could Trigger Bitcoin and Ethereum Surge to All-Time Highs, According to Crypto Veteran Bobby Lee
    August 13, 2022
  • Ex-Goldman Sachs Executive Predicts Ethereum (ETH) Explodes Through $2,000 Level As Macro Climate Shifts
    August 16, 2022
  • Robinhood Abruptly Adds Support for Ethereum Rival Avalanche (AVAX) and XRP Competitor Stellar (XLM)
    August 9, 2022
Finance Magnates London Summit Banner
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

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 •
Futuremash •
Industry Announcements

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl