Moonforum-banner-New-Nov

Author Topic: A MYSTERY PERSON JUST MOVED $1 BILLION WORTH OF BITCOIN AND NO ONE KNOWS WHY  (Read 12 times)

Offline kaizel73

  • Sr. Member
  • ****
  • Posts: 118
  • Karma: 1
  • Born to be Free !!! Crypto News Surfer🏄🎯
  • Referrals: 2
The world's largest ever bitcoin transaction has taken place, with just over $1 billion (£802 million) worth of cryptocurrency transferred between accounts.

The single transaction of 94,504 bitcoins represents around 0.5 per cent of all bitcoins currently in existence, and it has left analysts confused by who made it and for what purpose.

The semi-anonymous nature of bitcoin means it is possible to view the transfer on its blockchain – the public ledger that records transactions – but it is not possible to know who made it.

Such a large amount of bitcoin has the potential to crash the cryptocurrency market if it is cashed in for fiat currency. Big sell offs in the past have resulted in flash crashes, with bitcoin losing almost $1,000 from its value in the space of just 24 hours in September 2018 as a result of a major trade.

“Since the advent of bitcoin futures in early 2018, we are now seeing massive market manipulation and suppression by whales and experienced futures traders,” Phillip Nunn, chief executive officer at Wealth Chain Capital, told The Independent at the time.

It is not the largest transaction in terms of bitcoin volume, though at bitcoin’s current price of around $10,600 it is by far the largest in terms of value.

Read Full Story below:
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html?amp
🌏🌐🐒🐐🌐🌏

 

Donate to CTW Forum