Coinbase Receives 13,003 BTC from Anonymous Whale Over Past 3 Hours

According to a recent tweet by the crypto track Whale Alert’s team, over the past three hours, an anonymous crypto whale has moved a staggering 13,003 Bitcoins to Coinbase – the largest US-based crypto trading venue and a public company that has recently made a direct listing on the Nasdaq.

The payment for the transaction has amounted to 0.00011508 BTC – a “whopping” $3.6 in fiat – a fee that no bank can offer for a money transfer, not to mention the speed that no bank can compete with.

? ? ? ? ? ? ? ? ? ? 13,003 #BTC (408,868,713 USD) transferred from unknown wallet to #Coinbasehttps://t.co/XdemtJP6af

— Whale Alert (@whale_alert) July 17, 2021

Chinese crypto journalist Colin Wu has shared CryptoQuant charts which show that this transfer was made by Coinbase internally.

Outflow and Inflow have the same number, which should be Coinbase's internal wallet transfer. https://t.co/LOrM0vWWd4 pic.twitter.com/937nRELcTS

HOT Stories

Crypto Market Prediction: XRP's Last Chance Before $1, Another Bitcoin (BTC) Wave to Set $100,000 in Stone, Shiba Inu (SHIB) Comeback to the Bottom is Possible

Ethereum’s Buterin Advocates for Stronger Crypto

XRP Hits Astonishing 1,694,200% Liquidation Imbalance, Vitalik Buterin Breaks Silence on Ethereum Outage, $185 Million in Bitcoin Exits Binance in Minutes – Crypto News Digest

Morning Crypto Report: Elon Musk's SpaceX Relocates $100 Million in Bitcoin, USD Stablecoin $1 Million Exploit, New Cloudflare Outage Takes Down Coinbase

— Wu Blockchain (@WuBlockchain) July 17, 2021

As reported by U.Today earlier, 14,550 BTC was made by cryptocurrency whales to Binance this week and 4,518.409 BTC from that amount was deposited in merely one hours. The CEO of CryptoQuant analytics vendor believes that the selling pressure on the largest crypto now is strong.

You Might Also Like

Fri, 07/16/2021 - 13:02

Bank of America Approves BTC Futures Trading, Will Be Allegedly Using CME Bitcoin Futures Too

ByYuri Molchan

The flagship cryptocurrency is changing hands at $31,515 at the time of writing. Earlier this week, Bitcoin slipped from the $32,500 area to $31,175.

On Friday, the BTC price rose a little after it was announced that the Bank of America approved the trading of Bitcoin futures for some of its customers and that it would allegedly also trade BTC futures issued by CME Group.

The news was spread by CoinDesk, using anonymous sources familiar with the matter. However, no official confirmation was made by the BoA at that time.