Friday, July 30, 2021

Was the billion-dollar whale related to a Ponzi scheme? Possible liquidation of 100,000,000 XRP and devaluation of the currency: Crypto In-Shorts

The Takeaway:

09th September 2019: Are you tired of scouring the web for the latest crypto-updates? Enter the world of Crypto In-shorts on Chaintimes and find all you need!

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Crypto bulletin

The billion-dollar whale assumed to be related to Bakkt’s launch earlier, might be linked to the Plus Token Ponzi scheme as the majority of the transactions originated from Huobi exchange, @thetokenanalyst on Twitter reported. Huobi was linked to a significant amount of payouts from PlusToken’s network in research conducted by Elementus.

100,000,000 XRP was transferred from Ripple’s account to Jed McCaleb, Ripple’s former CTO’s, wallet. This transaction has elevated the communities fear of another massive liquidation depreciating XRP’s price further.

 

Bitcoin Price

Current Bitcoin Price – $10,362.52 

Yesterday, Bitcoin opened at a price of $10,518.11. The fluctuations drove it to the lowest value of $10,409.09 and the highest value of $10,595.64 in 24 hours. Bitcoin closed at $10,441.28 and saw a decrease of 0.73% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 47.25%.

Ethereum Price

Current Ethereum Price – $182.79

Yesterday, Ethereum opened at $178.28. The fluctuations drove it to the lowest value of $178.14 and the highest value of $182.98 in 24 hours. Ethereum closed at $181.36 and saw an increase of 1.72% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 87.22%.

Cardano Price

Current Cardano Price – $0.046868

Yesterday, Cardano opened at $0.046211. The fluctuations drove it to the lowest value of $0.046211 and the highest value of $0.047653 in 24 hours. Cardano closed at $0.046719 and saw an increase of 1.10% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.41%.

 

Bitcoin Market Cap

The day ended with $182,416,650,479 for the Bitcoin Market Cap.

 Ethereum Market cap

The day ended with $19,271,067,779 for the Ethereum Market Cap.

Cardano Market cap

The day ended with $1,188,931,854 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $15,971,959,385

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $6,908,930,678

Cardano Trading Volume

The 24-hour trading volume of Cardano – $58,576,612

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 20,000,000 USDT ($19,921,810) transferred from an Unknown wallet to Okex. Transaction ID: 4f2392fd6ca9171b9ecaa7b4202402466aa30c78df8cc35a1827668d19e37494
  2. 1,275 BTC ($13,177,644) transferred from Coinbase to an Unknown wallet. Transaction ID: 8dd4cea39d441577e797ee0e3ac3b55e66c5e81d2cb4c61ca2102727e82c5fcd
  3. 2,499,999 USDT ($2,501,288) transferred from an Unknown wallet to Huobi. Transaction ID: 0x6d2e5a03725f28aea4e9690eb3cf77ec7e89093957bfa21c395bb94c628d9be7

 

Crypto controversy

Ethereum’s co-founder, Vitalik Buterin, calls out the anti-BTC communities’ efforts to slander BTC developers.

What to expect today?

Bitcoin on Monday saw a sudden drop to $10,158.31 after it failed to maintain the bullish trend over the weekend. Will the bulls help push through this slump or will the bears drag down the market with this opportunity?

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Harry Finnerty
Harry Finnerty
After completing his graduation from Strayer University, Harry started to work in the real estate industry. However, soon he realized that his real interest is in the financial industry and once he came to know about bitcoin and the technology behind it, he dedicated his life to understand and write about it.

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