Category Archives: Bitcoin Whale

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Bitcoin Bulls Awake Bitcoin Whale as $38 Million Moved in 2 Transactions

Bitcoin Bulls Awake Bitcoin Whale as  Million Moved in 2 Transactions

Bulls were not the only Bitcoin animals alive and kicking this weekend, as the bulls rampaging Bitcoin price back to the USD 8,000 levels today seem to have prodded a Bitcoin whale awake today, with two transactions silently moving some 5,000 Bitcoins worth USD 38 million.

Real time crypto transaction tracker WhaleAlert reported earlier today that an initial transaction of BTC 3,000 (USD 23.5 million) had been discovered between the address 1HL5rZWw5rGzFAB1mThEMxwazEBtWigs7B to the 3LAT8J4ywCXSceAJuncaztoL3FH1tNtqEx. Only several minutes later, BTC 2,000 (USD 15.7 million) had been detected, moving from an unidentified wallet to a wallet known to be associated with Bitfinex. More interestingly, the same wallet from the first transaction was found to also be involved, leading to speculation that the funds belonged to the same person.

According to a report from AMBCrypto, this is typical of an opportunistic move by large movers of Bitcoin taking advantage of May’s incredible swing in Bitcoin price. It quotes data from ProofofResearch, showing how Bitcoin whales were the chief people to benefit from a 30% price growth in Bitcoin since the first week of May. The same research, however, did believe that most whales had already exited the market to keep their profits.

Today’s bullish actions coinciding with the large movements of a whale stash of Bitcoins will, nevertheless, suggest that traders with deep wallets are far from done yet.

 

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Bitcoin Whale Moves $230 Million for Only 57¢, Actually Overpaid

Bitcoin Whale Moves 0 Million for Only 57¢, Actually Overpaid

Thanks to the transparent and public ledger used by the Bitcoin network, the mysterious and quiet Bitcoin whale thought by some to be the user “Loaded” on the bitcointalk.org forum has been sighted once more moving large sums of Bitcoin worth some USD 230 million for an incredibly small transaction fee of 57 cents… and he actually still overpaid.

Specifically, BTC 40,000 was transferred, with the transaction containing a miner’s fee of only BTC 0.0001 (10,000 satoshi). With the transaction and address using the “Segregated Witness” protocol, space for data is used more efficiently, resulting in a leaner size of transaction, and therefore, lower fees.

What is fascinating is that the 57 cent fee was allegedly more than what would have been enough. Bitcoin consultancy Bit Consultants has suggested most Bitcoin users are overpaying for their transaction fees. Its data shows that most transactions pay over three times what is the recommended “fastest and cheapest” fee.

Bitcoin fees are typically based on how much they are per byte of data, the higher the satoshi per byte, the more likely it is for miners to pick the transaction up to be included in the next block. This is how Bitcoin transactions are confirmed.

This mega transaction is the latest public advertisement for how cheap it can be to send large amounts of funds over the Bitcoin network. In comparison, a bank or remittance service could charge at least 0.1% but as high as 1%.

“Loaded” was also sighted in January 2018, paying USD 1 to move USD 400 million:

Bitcointalk’s famous user Loaded moved his 40k BTC stash to a native SegWit address. $1 in fee to move $400M+. https://t.co/aXrbmsLaGL

— Antoine Le Calvez (@khannib) January 27, 2018

 

 

 

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Anonymous Bitcoin Whale Injects $1 Million into Blockchain Fund

Anonymous Bitcoin Whale Injects  Million into Blockchain Fund

Blockchain investment fund Roobee has reportedly received an injection of USD 1 million in Bitcoin from an anonymous investor. The investor left Roobee a cryptic message: “In Roobee I Trust”.

What makes things stranger is that this is the second time it has received such an unexpected windfall from anonymous investors. In an earlier investment round, Roobee received USD 4.5 million from a person who claimed to be a cryptocurrency trader who had made USD 200 million a month in crypto trading. In total, this means that the fund has now raised USD 5.5 million in capital.

Roobee released a statement today when its second Bitcoin whale had surfaced, with founder Artem Popov saying:

“I am delighted that another crypto whale has been invested in Roobee, which has been developing in the crypto industry for many years and has an influence on it. The recognition of such experienced and long-time participants of this market confirms that Roobee has great potential for development and that our team can truly turn the world of investment around for the better!”

Barely a year and a half old, Roobee launched as an investment platform for retail investors and traders to buy and sell digital assets. In 2018, it received a regulatory license to provide a number of cryptocurrency investment services in Estonia. According to its own information, they have some 5,000 customers investing around USD 15 million in various blockchain projects.

 

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