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Shiba Inu Whale Moves 200,899,251,805 SHIB in a Single Transaction as Bitcoin and Crypto Markets Search for Support

Shiba Inu Whale Moves 200,899,251,805 SHIB in a Single Transaction as Bitcoin and Crypto Markets Search for Support

One of the largest Shiba Inu (SHIB) whales in existence just surfaced as Bitcoin and the crypto markets at large coil up for their next big move. The whale tracking platform WhaleStats was first to identify a huge crypto transfer shifting 200,899,251,805 SHIB worth $2,207,882 in a single transaction. The entity that initiated the transfer […]

The post Shiba Inu Whale Moves 200,899,251,805 SHIB in a Single Transaction as Bitcoin and Crypto Markets Search for Support appeared first on The Daily Hodl.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Whale Who Netted $36,000,000 By Masterfully Trading Ethereum Is Now Accumulating Three ETH-Based Crypto Assets: Looksonchain

Whale Who Netted ,000,000 By Masterfully Trading Ethereum Is Now Accumulating Three ETH-Based Crypto Assets: Looksonchain

A crypto whale who masterfully traded Ethereum (ETH) to the tune of $36 million in profit last year is once again in accumulation mode. According to the on-chain analytics firm Looksonchain, the whale appears to be a smart money institution that bought ETH at the bottom and sold it at the top in 2022. This […]

The post Whale Who Netted $36,000,000 By Masterfully Trading Ethereum Is Now Accumulating Three ETH-Based Crypto Assets: Looksonchain appeared first on The Daily Hodl.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Massive Polygon and Shiba Inu Whale Quietly Accumulating Ethereum-Based AI and Gaming Projects

Massive Polygon and Shiba Inu Whale Quietly Accumulating Ethereum-Based AI and Gaming Projects

One of the largest Polygon (MATIC) and Shiba Inu (SHIB) whales on record is now accumulating a pair of Ethereum-based altcoin projects. The whale in question holds the keys to the 94th-largest Ethereum (ETH) wallet on record, worth about $132,163,000 at time of publishing. The whale’s top holdings include $22.9 million of Ethereum (ETH), $21.6 […]

The post Massive Polygon and Shiba Inu Whale Quietly Accumulating Ethereum-Based AI and Gaming Projects appeared first on The Daily Hodl.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Ancient Bitcoin Whale Moves $9,600,000 in BTC at 181,204% Profit in Sudden Awakening

Ancient Bitcoin Whale Moves ,600,000 in BTC at 181,204% Profit in Sudden Awakening

A leading blockchain data monitoring website says a long-dormant Bitcoin (BTC) address is suddenly awakening after nearly 11 years of inactivity. According to BitInfoCharts, the address, which was last active in October 2012, recently transferred 412 Bitcoin valued at over $9.5 million at time of transfer. BTC was priced at about $12.50 when the wallet […]

The post Ancient Bitcoin Whale Moves $9,600,000 in BTC at 181,204% Profit in Sudden Awakening appeared first on The Daily Hodl.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Crypto Venture Firm Acquires 130,722,306,727 Shiba Inu (SHIB) in Massive Accumulation Spree

Crypto Venture Firm Acquires 130,722,306,727 Shiba Inu (SHIB) in Massive Accumulation Spree

A crypto venture firm has snapped up billions of Shiba Inu (SHIB) tokens during a massive multimillion-dollar accumulation spree. New data from blockchain search engine Etherscan reveals that Chicago-based trading firm Jump Trading has seen its trove of SHIB grow exponentially from 250,000 on February 4th to just over 130.7 billion at time of writing. […]

The post Crypto Venture Firm Acquires 130,722,306,727 Shiba Inu (SHIB) in Massive Accumulation Spree appeared first on The Daily Hodl.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Bitcoin and Ethereum Whales Move $743,000,000 in Crypto in Three Massive Transfers

Bitcoin and Ethereum Whales Move 3,000,000 in Crypto in Three Massive Transfers

As Bitcoin floats above $23,000, three huge Bitcoin and Ethereum whales are turning heads among crypto traders. In total, the whales moved a staggering $743 million in crypto in just three transactions. A Bitcoin whale made the first move on Friday, sending 13,369 BTC worth $311 million from one unknown wallet to another. The crypto […]

The post Bitcoin and Ethereum Whales Move $743,000,000 in Crypto in Three Massive Transfers appeared first on The Daily Hodl.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Binance CEO explains 127K BTC transfer, points at proof-of-reserve audit

A few weeks ago, Binance CEO declared that exchanges moving large amounts of crypto to prove their wallet address is not good news.

Cryptocurrency exchange Binance is moving large amounts of cryptocurrency as part of its proof-of-reserve (PoR) audits, according to the CEO.

Binance sent 127,351 Bitcoin (BTC), or more than $2 billion, to an unknown wallet on Nov. 28, Whale Alert reported on Monday. According to on-chain data, the transaction occurred at 10:00 am UTC, costing Binance just a 0.000026 BTC ($0.42) fee.

The huge Bitcoin transaction has immediately triggered some FUD in the community, with many noting that Binance has moved an amount that is an entire fortune in one single transaction.

Binance CEO Changpeng Zhao subsequently took to Twitter to announce that the massive transaction is part of Binance’s PoR audit process. He also called the community to keep calm and ignore the FUD, stating:

“The auditor requires us to send a specific amount to ourselves to show we control the wallet. And the rest goes to a change address, which is a new address. In this case, the input tx is big, and so is the change."

The CEO also referred to an old post on Twitter that he posted four years ago, calling on the crypto community to “learn about blockchain transactions” and “change addresses.”

“We will be moving some funds between our cold wallets. A tell tale sign of a new cold wallet on Binance is two small transfers from and back an existing wallet, then a large transaction. No need to be alarmed,” Zhao wrote in a tweet in October 2018.

In response to growing FUD in his comments, Binance CEO posted another tweet, arguing that investors that “believe FUD all the time,” are also “likely to be poor.”

The latest Binance transaction has apparently raised eyebrows of investors as Zhao himself declared that exchanges moving large amounts of crypto to prove their wallet address is not good news. On Nov. 13, Zhao wrote on Twitter the following statement: 

“If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away. Stay #SAFU.”

The news comes shortly after former Kraken CEO and co-founder Jesse Powell argued Binance’s PoR approach was “pointless” without liabilities.

Related: CoinMarketCap launches proof-of-reserve tracker for crypto exchanges

A number of industry experts, including DAO Maker Hassan Sheikh and JAN3 CEO Samson Mow, are also confident that exchanges’ PoR practice is useless without liabilities because it’s very difficult for exchanges to fake liabilities.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

6,522 ‘Sleeping Bitcoins’ Worth $107 Million Wake Up After 5 Years of Inactivity

6,522 ‘Sleeping Bitcoins’ Worth 7 Million Wake Up After 5 Years of InactivityOn Nov. 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoin worth roughly $107 million after the coins sat idle for more than five years. While bitcoin’s value is 75% lower than it was a year ago, so-called sleeping bitcoins have been waking up amid the recent crypto market capitulation. While Bitcoin’s Price […]

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

3,500 ‘Sleeping Bitcoins’ From 2011 Worth Over $60 Million Wake up After 11 Years of Slumber

3,500 ‘Sleeping Bitcoins’ From 2011 Worth Over  Million Wake up After 11 Years of SlumberOn Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years. $60 Million Worth of 11-Year-Old Bitcoins Move Amid the Crypto Market Rout A large string of so-called ‘sleeping bitcoins’ moved on […]

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Wake up call? Bitcoin wallets move 3,500 BTC dormant since 2011

A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH.

Amid the ongoing market turbulence for Bitcoin (BTC) and other cryptocurrencies, some big investors are waking up to move their BTC holdings that were untouched for about a decade. 

According to on-chain data, seven dormant Bitcoin wallets awakened on Nov. 11 to move a total of 3,500 BTC ($60,6 million) to new addresses. A transaction fee for one of these 500 BTC transactions ($8.7 million) amounted to just 0.00011383 BTC, or $2.

Blockchain researcher and developer Kirill Kretov flagged the transactions in a LinkedIn post, noting that the new addresses were “not consolidated” yet.

Each of the mentioned seven addresses was holding 500 BTC for about 11 years, with all seven receiving the stash on July 10, 2011. All of the wallets received the amount at the exact same time, 12:22 pm UTC, and for each of them, it was the very first transaction.

Kretov pointed out that the new wallets have changed the address format from pay-to-public-key-hash (P2PKH) to pay-to-script-hash (P2SH). P2PKH is the most common script type for Bitcoin transactions, where transactions are resolved by sending the public key and a digital signature created by the corresponding private key.

Unlike P2PKH, the P2SH format allows transactions to be sent to a script hash instead of a public key hash, requiring recipients to provide a script hash and additional data. According to online sources, the recipient might need the signatures of several people to spend Bitcoin on P2SH format addresses, or a password might be required.

Related: How to transfer $1 billion for basically free: Bitcoin whale watching

The awakening of dormant BTC addresses isn’t something new to the Bitcoin community. In mid-October, a Bitcoin whale moved as much as 32,000 BTC for the first time since 2018.

Previously, another big BTC investor moved out as much as 48,000 Bitcoin from Coinbase Pro, CryptoQuant CEO Ki Young Ju reported. A large portion of the moved Bitcoin was reportedly dormant since 2011. Last year, Cointelegraph reported on a dormant Bitcoin wallet that moved 321 BTC for the first time since 2013.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade