Crypto Whales Ignore Holidays, Move Millions in XRP

Just because it’s the end of year holiday period, doesn’t mean there aren’t some big moves in the cryptocurrency space. In fact, it appears it is quite the opposite with Crypto Whale Watchers reporting a massive transaction involving Ripple.

? ? ? 90,000,000 #XRP (33,493,911 USD) transferred from Unknown wallet to Unknown wallet

Tx: https://t.co/lvhaafkjmH — Whale Alert (@whale_alert) 27 December 2018

While many people are still recovering from their food coma, a transaction where 90,000,000 XRP (worth around $33.5 million) has been made between two unknown wallets. Not long after this, another large transaction was made, as 30 million XRP (about $11 million) was moved into another unknown wallet.

? 30,000,000 #XRP (11,001,663 USD) transferred from Unknown wallet to Unknown wallet

Tx: https://t.co/ZdAbWjxSgm — Whale Alert (@whale_alert) 27 December 2018

According to the so-called whale watchers, neither of the two large transactions were going to an exchange. Furthermore, according to Whale Alert, Ripple, which regularly sells large amounts of the XRP it owns, doesn’t seem to be involved in any of the transfers.

In addition, another large-scale transaction was also made last week on December 21, just before many traditional markets closed from the Christmas Holidays. This transfer saw 51,317,796 XRP, which is worth approximately $22.3 million, sent to Bitstamp, a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange based in Luxembourg.

Coinbase moves $5 billion in crypto

Earlier last week, Coinbase, a digital currency exchange headquartered in San Francisco, also confirmed that it moved a significant $5 billion in cryptocurrency to its Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term infrastructure the previous week. This transaction consisted of a decent portion of the current crypto in circulation. Specifically, it accounted for five percent of all Bitcoin, 8eightpercent of Ethereum and 25 percent of Litecoin, a report from The Dail Hodl said.

However, apart from these large transactions, end of year trading has been relatively quiet. This is, of course, thanks in large part to the Christmas and the upcoming New Years celebrations.