icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
27 Oct, 2020 10:32

Mystery crypto whale just moved over $1.1 BILLION in bitcoin, paying less than $4 for transaction

Mystery crypto whale just moved over $1.1 BILLION in bitcoin, paying less than $4 for transaction

The bitcoin network has recently seen the largest dollar value transaction in history, as an anonymous holder moved more than 88,857 bitcoin (BTC) worth around $1.15 billion.

The record-breaking transaction was held in two rounds on Monday, with a fee of only 0.00027847 BTC (around $3.66). According to blockchain tracker Whale Alert, the operation originated from a Xapo account and is believed to have originated from the US-based exchange, Cointelegraph reports.

Also on rt.com Bitcoin will shoot through the roof as election uncertainty sweeps through markets, analyst tells Boom Bust

The bitcoin move from the anonymous wallet has become the biggest movement of cryptocurrency by fiat value. The previous record was set in April, when the Bitfinex exchange moved 161,500 BTC valued at nearly $1.1 billion at the time.

However, both transactions are not the largest in terms of the total amount of digital assets moved. The record is still held by now-defunct Tokyo-based cryptocurrency exchange Mt. Gox, which saw 550,000 BTC moved in 2011. The operation was worth $1.32 million at that time, but would amount to over $7 billion at the current exchange rate.

For more stories on economy & finance visit RT's business section

Podcasts
0:00
23:13
0:00
25:0