Whale Alert: USD One Billion+ BTC Was Transferred in One Transaction Last Week

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A whopping USD$1 billion was transferred on the Bitcoin Blockchain in one fell swoop last week from Whale Watching site WhaleAlert – and @thetokenanalyst noted:

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https://twitter.com/thetokenanalyst/status/1169929738607124482

However, Huobi denied the claims to Crypto News:

“A Huobi spokesperson told Cryptonews.com that they generally don’t disclose information about transactions, but that they can only confirm “that this transfer of funds did not involve Huobi’s own funds and that, with exchanges as big as ours, large transactions like this one can and do occur from time to time”.

According to the spokesperson, their security team:

“…has been monitoring the situation carefully and has found no evidence of any compromises in account security,” adding that “All client funds remain safe and secure.”

Nick Szabo also piped in:

More than half of the BTC (56%) came from only one address. Another 42% came from three other addresses. The transaction fee is about $700, that is, only 0.00007% of the total. Some in the Bitcoin community are tying the deal to the Bakkt cryptocurrency platform, as it previously announced that it will begin offering Bitcoin storage for customers from September 6 to prepare for the launch of Bakkt Bitcoin Futures.

The owner of the transfer is now the fifth-largest BTC wallet and the largest non-cryptocurrency wallet.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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