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Bitcoin Whales Move $197 Million in BTC – Plus Ripple and XRP, Ethereum, Tron, Litecoin, Stellar

April 05, 2019

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From a mass migration of Bitcoin whales to a showdown between Ethereum’s Vitalik Buterin and economist Nouriel Roubini, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Bitcoin whales are out in full force. In the last 24 hours, whales have moved $197 million in BTC across 22 separate transactions.

The largest transaction of 9,473 BTC worth $46.8 million was sent from Bitfinex to an unknown wallet. Overall, the vast majority of the BTC is being moved out of crypto exchanges, which means those whales are most likely not planning to sell anytime soon.

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Ethereum

Ethereum creator Vitalik Buterin and economist Nouriel Roubini went head-to-head on the future of crypto at Deconomy in Seoul.

Roubini told the audience he believes developers will never be able to scale blockchain technology, and called crypto too volatile and vulnerable to hacks to rival fiat currency. Buterin countered that he’s paid contractors around the world in crypto, and said scaling solutions are on the way to boost transaction speed and volume.

Buterin also highlighted the censorship-resistant nature of cryptocurrency, while Roubini said he believes that cryptocurrency won’t be used by criminals in the long run because governments will try to stop any crypto that’s fully anonymous.

Ripple and XRP

UK-based RationalFX says it will use Ripple’s technology to power payments to and from Malaysia.

We’ve partnered with #Ripple, to make your money transfers faster, easier and more secure. Join the thousands of clients currently using RationalFX to manage their international money transfers. #Ripplenet #ForeignExchange pic.twitter.com/WyURFFS2wz

— RationalFX UK (@RationalFX) April 4, 2019

The company has clarified that it will use Ripple’s cross-border payment solution xCurrent, and currently does not have plans to use the XRP-powered xRapid.

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Litecoin

Litecoin creator Charlie Lee is countering claims from Galaxy Digital CEO Mike Novogratz, who recently called LTC a “glorified testnet”. Lee highlights low fees as one of the primary advantages of Litecoin.

Litecoin a glorified testnet?

BTC LN makes LTC useless?

Can't be more wrong!

High BTC fees? With https://t.co/Q6tfOYkIbb, just do a cross chain submarine swap from LTC on-chain to BTC??. Send LTC to fill up your BTC?? wallet! ?

Fast: ~2.5 mins

Cheap: pennies in fees#reckless https://t.co/4NB7VO9dcT

— Charlie Lee ???? (@SatoshiLite) April 4, 2019

Stellar

HTC’s blockchain-based smartphone Exodus now supports Stellar Lumens (XLM) on its ZionVault crypto wallet. XLM joins Bitcoin, Ethereum and Litecoin.

#ZIONVault now also supports the #Stellar network! Go $XLM #Lumens @StellarOrg pic.twitter.com/1ncOdKZuYM

— HTC EXODUS (@htcexodus) April 4, 2019

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Tron

The Tron Foundation says it will collaborate with regulators in Japan to ensure that decentralized apps (DApps) on the network comply with the country’s regulations.

In a statement, Tron says it “suggests Japanese DApp developers not develop any gambling DApps on TRON’s platform… TRON suggests developers who are working on gambling apps block users with Japanese IP addresses.”

#TRON Foundation guarantees complete cooperation with Japanese regulatory authorities. #TRX $TRX https://t.co/lKxZF0DRum

— TRON DAO (@trondao) April 2, 2019

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.