The cryptocurrency community continues to investigate who was responsible for the sudden, unexpected and anonymous transfer of $1 billion worth of Bitcoin (BTC) last Friday, September 6th. The move was one of the biggest single transfers of Bitcoin in the history of cryptocurrency and the fact that nobody knows who did it makes it especially shocking.
The live tracking crypto transaction Twitter account, Whale Alert, caught the move at 5:33 AM on September 6th and published it on its account with the tweet:
“94,504 #BTC (1,018,147,922 USD) transferred from unknown wallet to unknown wallet”
The majority of respondents seem to believe it is related to the Intercontinental Exchanges (ICE)’s new Bitcoin futures trading platform Bakkt, which announced it is planning to begin its ‘warehousing’ operations on September 6th. While this is a likely possibility, it’s odd that the network addresses are completely anonymous since exchanges usually indicate their name in the address.
Bakkt will be open for customers to withdraw and deposit Bitcoin funds until September 23rd when its futures trading goes live. On-chain intelligence firm TokenAnalyst noted that a large proportion of the Bitcoin appears to derive from the crypto exchange Huobi, further supporting the Bakkt theory. Whatever the answer, it would appear something big is coming soon to the crypto sphere.
Stellar plan to airdrop 2 billion XLM tokens
Stellar is planning its biggest Airdrop so far, with the aim to distribute two billion XLM tokens ($124 million worth) to users of its Keybase system. Keybase is an open-source community offering file transfer and messaging services.
The airdrop will be conducted over 20 months with around 100 million XLM distributed each month. To participate, users will need an XLM wallet and will need to download and install the Keybase software from Keybase.io.
€100,000 Bitcoin Pizza Giveaway
Dominos Pizza France is planning to giveaway €100,000 to celebrate it’s 30th birthday and provides an option to receive the prize money in Bitcoin. The connection of pizza with cryptocurrency stems from the legend of Lazlo Hanyecz, who famously paid 10,000 BTC for two Papa John’s pizzas back in 2010 in what is believed to be the first-ever Bitcoin payment.
At the time, the Bitcoin was worth only slightly more than the cost of the pizza but today would be worth over $100 million. The legendary transaction is celebrated every year on the 22nd of May – known as Bitcoin Pizza Day.
Mark Hartley is a Microsoft-qualified IT professional and freelance writer specializing in finance and technology. He has traveled to 56 countries worldwide and spent time working on the trading floors of some of the largest banks and brokers in London, helping to integrate cryptocurrency technology into the IT trading infrastructure. You can contact him on twitter @cryptodiscourse or via email at firstname.lastname@example.org.
*All information provided here is for educational purposes only and should not be taken as financial advice.
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