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$1 Bln Bitcoin Transfer: Everything We Know About the New Whale on the Block

  • Alex Dovbnya
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    The mysterious whale created a breeding ground for different theories 

$1 Bln Bitcoin Transfer: Everything We Know About the New Whale on the Block
Cover image via www.freepik.com

A gargantuan transfer of 94,504 Bitcoin (about $1.031 bln), which was detected by Whale Alert earlier today, made a substantial amount of buzz within the cryptocurrency community.

It has been specified that the wallet did not belong to any cryptocurrency exchange. In fact, according to BitInfoCharts data, this is currently the fifth richest Bitcoin address (only trailing behind those wallets that belong to cryptocurrency exchanges).

The very first transaction took place on Sept. 6, which means that we have practically no information about this newly created wallet. 

According to London-based Blockchain firm TokenAnalyst, more than 30 percent of this BTC fortune was sent from the Huobi exchange.

As reported by U.Today, the transfer could be linked to the launch of the Bakkt Warehouse, which was slated for Sept. 6.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ripple's Xpring to Ensure XRPL Integration in Top Hardware Wallets by Investing in Towo Labs

  • Yuri Molchan
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    Towo Labs software producer receives a strategic investment from Xpring to enable XRP Ledger’s integration in top cold wallets – the Ledger Nano series, Trezor T

Ripple's Xpring to Ensure XRPL Integration in Top Hardware Wallets by Investing in Towo Labs
Cover image via www.123rf.com
Contents

Ripple keeps broadening its circle of partnerships both by collaborating with banks and by supporting young startups with investments.

This time, Ripple’s investment arm, Xpring, has offered an investment to a Swedish firm, Towo Labs, a maker of firmware for hardware wallets. Now, top-of-the-line hardware wallets will support all sorts of transactions on the XRP Ledger and the XRPL will get a non-custodial web interface on those devices.

The invested amount was not disclosed.

XRPL transactions to launch on the Ledger Nano series and Trezor T devices

The investment from Xpring assumes that within the short term, Towo Labs will integrate support for all types of XRPL transactions on top hardware wallets, such as Ledger Nano models and the Trezor T device.

The present firmware for those wallets only allows for XRP payment transactions and sometimes just blocks further innovation of XRPL and Interledger. The blog post says:

“The new firmware, however, will support the signing of cross-currency payments, trust lines for IOUs and tokenized assets, escrows, orders, payment channels, account settings and so forth.”

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Xpring launches its own developer platform

Previously, U.Today reported that Xpring had announced the upcoming launch of its own platform for dApp makers.

Xpring is busy working on a software toolset that will allow developers working on the XRPL to easily integrate payments options in their dApps. The toolset will allow any crypto coins or fiat currencies to be used.

“This new platform offers a set of tools, services and programs that makes it easier for developers to send and receive payments by building on the XRP Ledger and leveraging Interledger Protocol (ILP) as a bridge to any currency, fiat or blockchain. In short, the Xpring Developer Platform removes the pain and messiness of integrating money into apps.”

Now, the new platform will enable XRPL-based dApps to use XRP for bridging crypto and fiat currencies.

 

What is your opinion on the new Xpring investment? Feel free to share it in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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