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Bitcoin and Ethereum Whales Move $313,000,000 in Crypto As Ripple Unlocks 1,000,000,000 XRP

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Some of the largest Bitcoin, Ethereum and XRP whales on record are starting the week with a bang.

Whale watchers are monitoring two separate movements of 6,000 BTC worth a total of about $114 million from the crypto exchange Bithumb to a wallet of unknown origin. The ledger tracking bot Whale Alert spotted both transactions.

In an effort to prevent fear, uncertainty and doubt, the bot is designed to ignore internal crypto transfers handled by exchanges. If the two transfers are not Bithumb moving its own assets, they could be a trader or an institution shifting their BTC to a private wallet after a large buy order.

Four additional transfers hit the Bitcoin ledger in the last 24 hours, moving a total of 9,400 BTC worth $89.5 million.

Two of those transfers involved crypto moving off of an exchange to an unknown wallet, a trend that has been on the rise in recent months.

Ethereum whales are also out en force, moving 468,189 ETH worth $110.5 million.

Meanwhile, Ripple’s monthly movement of XRP is underway. The exchange just released 1 billion of its XRP from escrow, making the funds available to sell to institutions and on cryptocurrency exchanges.

In the first quarter of this year, Ripple says it sold a total of $1.75 million in XRP over-the-counter. The company owns more than half of the total supply of the digital asset.

The company also sent 79,719,524 XRP worth $16.2 million to co-founder Jed McCaleb today as part of a settlement made between the two parties.

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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.

Crypto Livewire – Press Releases

Source: https://dailyhodl.com/2020/06/01/bitcoin-and-ethereum-whales-move-313000000-in-crypto-as-ripple-unlocks-1000000000-xrp/

Blockchain

Chainalysis Raises Additional $14 Million in Series B Funding Round

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Chainalysis, a blockchain analysis company, has raised $13 million in the latest version of its Series B funding round, totaling to $49 million for this entire round overall, a press release notes.

This latest earn was funding by Ribbit Capital and Sound Ventures. The previous $36 million was from groups like Accel and Benchmark from last year.

On top of this, the General Partner at Ribbit Capital, Sigal Mandelker, will now be an advisor to Chainalysis. Mandelker also has experience as an Under Secretary for Terrorism and Financial Intelligence at the U.S. Department of the Treasury.

This experience will be especially useful because Chainalysis is planning to expand its focus on the governmental side of crypto. “When law enforcement and regulators become comfortable with cryptocurrency, exchanges are able to grow and financial institutions can enter the ecosystem safely and responsibly,” the release notes.

Chainalysis has showcased this interest before with products like its Chainalysis Reactor, which provides “insights into how and why people move money across the world and growing revenue from new government customers by almost 400%.”

Speaking on the matter is Michael Gronager, the CEO and co-founder of Chainalysis, who said:

“Chainalysis is founded on the belief that providing data insights into cryptocurrency activity will unite government agencies, exchanges, and financial institutions to fuel the industry’s growth. Ribbit Capital’s deep fintech, cryptocurrency, and government experience and Sound Venture’s commitment to creating safer digital environments through enterprise software make them natural partners as we continue our high-growth trajectory and global expansion.”

Source: https://insidebitcoins.com/news/chainalysis-raises-additional-14-million-in-series-b-funding-round

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Justin Sun’s BitTorrent Introduces Binance USD (BUSD) As A Payment Option

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BitTorrent Inc users can now purchase goods and memberships on the platform with the USD-backed stablecoin of the leading cryptocurrency exchange Binance – BUSD.

BUSD And BNB Changes On BitTorrent

In a press release shared with CryptoPotato earlier today, the popular decentralized peer-to-peer company announced the introduction of the newest cryptocurrency asset on its platform – Binance’s USD-backed stablecoin (BUSD).

This becomes possible with the assistance of the integrated payment gateway provider for cryptocurrencies – CoinPayments.net. Consequently, BUSD becomes the sixth digital assets accepted by BitTorrent. The previous ones were BTC, OKB, TRX, BTT, and Binance’s first native digital asset – Binance Coin (BNB).

According to the statement, BUSD users are eligible to purchase subscriptions of BitTorrent or µTorrent Classic products. Those include the Pro version, providing enhanced malware protection, no advertisements, an HD media player, file conversion, and premium customer support.

Apart from the addition of BUSD, the announcement informed that BitTorrent and uTorrent will replace the ERC-20 version of BNB with “the faster and more liquid” BEP2 as a payment option. The replacement occurs following the recently announced adoption of Binance Chain by CoinPayments.net and is “expected to improve the experience for BNB users when subscribing for Classic Pro.”

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BUSD’s Efficiency

Binance Chief Compliance Officer Samuel Lim commented on the news, saying that BUSD, being an NYDFS regulated stablecoin, is the proper payment tool for BitTorrent. Additionally, he believes that this will help the stablecoin keep growing in use cases and adoption within the industry.

Lim added that “holding stable value and built for convenient global transfers, stablecoins like BUSD will become the preferred choice of payments in the near future.”

“Today, we are pleased to accept BUSD as another digital payment option for Classic Pro for both BitTorrent and µTorrent users. By using BUSD or our other supported cryptocurrencies, millions of customers can unlock the powerful features such as malware protection from our popular desktop torrent clients.” – noted BitTorrent and TRON CEO Justin Sun.

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Source: https://cryptopotato.com/justin-suns-bittorrent-introduces-binance-usd-busd-as-a-payment-option/

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æ​ternity Reveals Six Chinese Projects in Progress on Its Platform

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æternity, a “public, open-source blockchain protocol for decentralized applications,” has revealed six Chinese projects built on its platform, meaning that blockchain adoption is well on its way in the Asian region.

These projects, according to a press release, are:

  • AEKnow.org, an æternity blockchain explorer.
  • AEKnow.chain, an æternity-based decentralized data and value exchange network.
  • Aechina.io, an æternity-based integrated information station.
  • WeTrue.io, a decentralized application (æpp) for social broadcasting and messaging.
  • Aeasy.io, which helps developers seamlessly complete æpp development projects.
  • Aens.io, an open-source domain management tool, which will soon add smart contracts.

Speaking on the matter is the founder of æternity, Yanislav Malahov, who said:

“Over the past few years, China has become an epicenter for blockchain development and innovation, one that æternity could not ignore. These new æternity-based applications show that our blockchain protocol meets the needs of some of today’s top developers. We are excited to witness the Chinese market’s growing interest in æternity, and welcome these new projects to the ever-expanding æternity ecosystem.”

On top of this, æternity has a Crypto Foundation – a nonprofit that allows projects being built on blockchain to receive funding and advisory support, among other help.

Source: https://insidebitcoins.com/news/ae%e2%80%8bternity-reveals-six-chinese-projects-in-progress-on-its-platform

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