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800 Mln XRP Goes to Unknown Wallets From Bitstamp As BitGo Sets Up Secure Storage for the Platform

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Mon, 28/10/2019 - 15:36
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800 Mln XRP Goes to Unknown Wallets From Bitstamp As BitGo Sets Up Secure Storage for the Platform
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A short while ago, the Whale Alert Twitter account registered two successional fund transfers of 200 mln XRP each. Several more followed, totaling 800 mln XRP.

The stunning amount of crypto was sent from Bitstamp exchange to different unknown wallets within less than half an hour.

Bitstamp sends 800 mln XRP to BitGo wallets

The Whale Alert account has recorded several blockchain transactions in a row when 800 mln XRP was sent from the Bitstamp exchange to unknown wallets.

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Image via Twitter

Three transfers followed: 200 mln XRP, one transaction of 50 mln and another one carried 150 mln XRP.

Article image
Image via Twitter

A comment came from the Bitstamp exchange to the discussion under the Whale Alert post. A link in it leads to a recent announcement, saying that BitGo now provides security crypto storage for Bitstamp while the latter conducts asset management.

The crypto community took the Bitstamp’s comment warmly.

Related

Ripple hires a former Bank of America executive

Earlier, U.Today reported that the crypto giant Ripple had hired a former high-rank executive of BoA and Bitcoin wallet as America’s Head of Regulatory Affairs.

Along with the recently opened office in Washington, D.C., this step shows that Ripple is determined to negotiate with the US regulators.

Also, the Ripple CEO Brad Garlinghouse shared that the head of MoneyGram had called him to say that Ripple should accelerate the implementation of On-Demand Liquidity and XRP usage in new markets.

What are your thoughts on the partnership between Bitstamp and BitGo regarding crypto assets storage? Feel free to comment in the section below!

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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