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World 22nd Largest Bitcoin Holder Makes Huge BTC Transfer On May 1

source-logo  todaysgazette.com 02 May 2019 04:30, UTC

Cryptocurrency whales have started their occasional and enormous transaction of digital currencies and the month of May is already seeing a number of them. A report has indicated that a huge amount of Bitcoin (BTC) that is relatively $214 million (40,000 BTC) was transferred by an anonymous sender into another unknown wallet at exactly 9:20 UTC on 1st May. Similarly, another voluminous transfer of Ethereum (ETH) that is approximately $4.80 million was moved from Bitfinex exchange on same day.

A twitter user blew the whistle to alert the crypto sphere about the ridiculous transfer of the large amount of Bitcoin (BTC). The user identified as ‘Whale Alert’ tweeted thus;

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 40,000 #BTC (214,310,470 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/OovyE7b2mj

— Whale Alert (@whale_alert) May 1, 2019

The sender that moved the 40,000 Bitcoin (BTC) from bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9 to bc1q5shngj24323nsrmxv99st02na6srekfctt30ch is ranked 22nd among the Bitcoin holders all over the world.

Bec32 wallets with segwit address format that is supported by almost all the hardware and software wallets were used to send and receive the Bitcoin (BTC).

At press time, the sender who was 22nd richest with 40,000 BTC since 1st April 2019 now possesses 0 BTC in his/her wallet as soon as the huge transaction was made.

$4.8 Million Worth Of Ethereum (ETH) Transferred Bitfinex Exchange

Bitfinex has been embattled with a number of withdrawals from its exchange. Over 650,000 Ethereum (ETH) and $89+ million of Bitcoin (BTC) were withdrawn from the crypto exchange by a number of panicking investors in the middle of the financial scandal it had with Tether.

However, when a lot of enthusiasts in the crypto space are envisaging that the storm is calming and everything is gradually coming back to normal, then another transaction of 40,000 Ethereum (ETH) was sent from Bitfinex exchange at 04:52 (UTC) on May 1. The transaction is relatively $4.8 million at press time.

Disclaimer: this article is not a financial advice and should not be used as one. It is only written for informational purpose. Do personal research, by contacting financial experts, before investing in any crypto.

todaysgazette.com