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

Bitcoin Whale Moves $104,000,000 in BTC As Ripple Initiates Transfer of 1,000,000,000 XRP

by Daily Hodl Staff
November 4, 2020
in Bitcoin, Ripple and XRP

One of the biggest crypto whales in the world is moving a large trove of Bitcoin.

A number of crypto whale trackers spotted the large transaction, which transferred a whopping 7,749 Bitcoin (BTC) worth $104,344,025 for a fee of about $9.00.

Blockchain data shows the whale moved the crypto to two separate addresses, sending the vast majority of the crypto to a second wallet with no past transactions.

Source: Blockchain.com

 

BitInfoCharts shows the sending address was the 245th largest Bitcoin wallet prior to the transaction on Tuesday.

None of the addresses involved are known to be connected to crypto exchanges, which suggests the owner of the BTC may be shifting funds for security purposes.

Whale watchers are also tracking Ripple’s movements of XRP.

The San Francisco-based payments company, which owns more than half of the total supply of XRP, sent 1 billion XRP from two escrow wallets to three funding wallets owned by Ripple.

? ? ? ? ? ? ? ? ? ? 500,000,000 #XRP (119,970,111 USD) transferred from Ripple Escrow wallet to Ripple

Tx: https://t.co/r0UZzydTsM

— Whale Alert (@whale_alert) November 1, 2020

? ? ? ? ? ? ? ? ? 400,000,000 #XRP (95,754,256 USD) transferred from Ripple Escrow wallet to Ripple

Tx: https://t.co/bPFcYKOOFo

— Whale Alert (@whale_alert) November 1, 2020

? ? 100,000,000 #XRP (23,787,664 USD) transferred from Ripple Escrow wallet to Ripple

Tx: https://t.co/m26gWHCqaw

— Whale Alert (@whale_alert) November 1, 2020

Ripple has set up an escrow program that allows it to routinely access 1 billion of its XRP each month, allowing it to sell portions of its crypto assets to third parties and institutions.

The company says it continues to use its XRP holdings to fuel its remittance platform, On-Demand Liquidity, but it has stopped selling XRP on the open market.

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/80’s Child

Submit a Press Release

Industry Announcements

  • 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
  • Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network
    August 2, 2022
  • Serenity Shield and Digital Insights Announce Strategic Partnership
    August 2, 2022
  • Crypto Platform Phemex Becomes Partner of Université Paris Dauphine – PSL To Support Research on DeFi and Cryptocurrency
    August 1, 2022
  • Open Loot Announces Partnership With Hit Factor’s War Park
    August 1, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$24,397.54
$24,397.54
6.53%
Ethereum
$1,885.67
$1,885.67
12.2%
Cardano
$0.541684
$0.541684
6.01%
XRP
$0.382899
$0.382899
4.26%
Dogecoin
$0.071811
$0.071811
5.23%

Spotlight

  • Here’s Evidence the Bottom Is In for Bitcoin (BTC), According to Host of InvestAnswers
    August 4, 2022
  • Here’s How Ethereum (ETH) Can Help Bitcoin (BTC) Raise Its Dominance Level, According to Top Crypto Analyst
    August 6, 2022
  • Technical Analyst Predicts Big Run for Stocks, Bitcoin (BTC) and Crypto – Here’s His Timeline
    August 9, 2022
  • Kevin O’Leary Says He’s Doubled Down on Crypto Amid Downturn, Naming Bitcoin, Ethereum and Three Altcoins
    August 5, 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