May 10, 2019

Bitcoin [BTC]: 25,000 BTC moved between wallets as market sees spike in momentum

bitcoin [BTC], the world’s largest cryptocurrency, has had a significant few weeks, with notable coin movements and hacks affecting its users. The recent Binance hack saw a sizable chunk of 7000 BTC being stolen from the world’s largest cryptocurrency exchange, but that did not seem to have had an effect on its usage rates.

In a recent Blockchain report, it was identified that over 15,000 BTC were moved from one unknown wallet to another. The transaction ID for the article was a893e394120135be6431254bc5b7184b33ec1fe8eb38e88a4ba05e30f04e3966, while the Block ID was 575065. The output wallets had addresses corresponding to 1PBxRSpxmCBKJUEa2ARE1E5K6QDUaNThzH and 4BWH6GmVoL5nTwbVxQJKJDtzv4y5EbTVm, with the first address receiving 15000 BTC and the other output receiving 2 BTC.

In other transactions, almost 9000 BTC was moved between two unknown wallets. The time stamp for the transaction was May 9 7:37 UTC. The address of the receiver wallet was 3FAX7PQ1ja3qNoQCQt43AHQykzTjCcns8m, while the receiving address had an address of 3FrM1He2ZDbsSKmYpEZQNGjFTLMgCZZkaf.

The large movement was not the only good news for bitcoin as the cryptocurrency also breached the $6000 mark recently. bitcoin’s price is set to face massive resistance between $6,100 and $6.500, a price range which acted as a support for the prices for almost 3/4th of 2018. Although this rally might seem like the end of the bear market and the start of a bull rally, it can only be confirmed after the prices close above $6,500.

Famous proponents like Tuur Demeester also took the side of bitcoin, calling it “seriously undervalued” right now. He added that the market is psychological, stating,

“We have seen similar patterns during late 2013 and early 2014 where there was a lot of unrealized profits which again happened during the summer of 2017. The investor psychology was more inclined towards greed and when the bear market sets in, the positive sentiment obviously decreases. Once it is in the red, retail investors walk away which is what happened last November when BTC drooped from $6000 to almost $3000.”

The post Bitcoin [BTC]: 25,000 BTC moved between wallets as market sees spike in momentum appeared first on AMBCrypto.

Published at Fri, 10 May 2019 17:51:23 +0000

You might be interested in …

July 26, 2018

Yes, Stablecoins Can Secure Official Audits from Major Firms

Yes, Stablecoins Can Secure Official Audits from Major Firms “We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken’s TrueUSD is fiat-collateralized. Under this model, […]

April 29, 2018

The 4newcoin, as the world’s first eco-friendly, tangible waste to energy blockchain solution, this…

Blockchain on Medium The 4newcoin, as the world’s first eco-friendly, tangible waste to energy blockchain solution, this… Continue reading on Medium » more info… Next frontier: Coins for billions of people. My thoughts are inspired […]

October 2, 2017

Blockchain and Business Expert David Siegel to Speak at ICO Event London

Author of four international bestsellers on business David Siegel to speak about types of tokens and tokenization of economy at ICO event London.

[Note: This is a press release.]

What types of tokens exist? How to create your own token? What consequences can tokenization have? Speaker of ICO event London, author of four international bestsellers on the Internet and business David Siegel will answer these questions.

The topic of David’s presentation is “Token Taxonomy”. He will explain what types of tokens exist and what purposes they serve. He will give recommendations on how to design your own token and tell about ICOs and tokenization of economy as well as answering questions from the audience.

David Siegel is a globally renowned mentor. He is an expert on blockchain, decentralization, and business. Siegel started to promote the Internet back in 1994 and is one of the first bloggers in the world. Siegel is an author of five books on the Internet and business, four of which have become international bestsellers. He has been a management and strategy consultant to such major companies as NASA, Amazon, Intel, Sony, Hewlett Packard, etc.

Siegel has given dozens of professional speeches at conferences all over the world. He has written many articles on decentralization and blockchain. He is also an author of the comprehensive manual on ICOs called The ICO Handbook. Currently, he helps to launch startups based on Ethereum blockchain.

Images courtesy of ICO event London

The post Blockchain and Business Expert David Siegel to Speak at ICO Event London appeared first on Bitcoinist.com.