rtmark
LearnBonds.com

$1 Billion USD Worth of Bitcoin Transferred, Bakkt Opens BTC Deposits

Justinas Baltrusaitis
Last Updated: March 6, 2020
bitcoin

In what seems to be one of the biggest transfer in the history of crypto, one billion USD worth of Bitcoin was moved to an unknown wallet on September 6, 2019.

According to information from crypto Whale Alerts, a huge-sized transaction amounting to 94,504 BTC (equivalent of $1.018 at press time) took place on the Bitcoin blockchain. The crypto community is gripped in suspense given that the amount was moved to an unknown destination.

How Much Did It Cost to Move the “Mammoth-sized” BTC Amount?

Bitcoin has always been on the receiving end by attacks from its critics, mainly based on the fees charged on transactions. The latest type of scam we are seeing in the crypto markets comes in the form of bitcoin trading robots like the bitcoin code fraud, which was connected to Elon Musk’s scam.

However, this one-billion dollar crypto fortune cost the user only $700 in fees to transfer.

According to crypto analyst Alex Kruger, this move signifies that Bitcoin whales are waking up from hibernation, which could lead to significant ramifications in either direction.

Responding to the Whale Alert tweet that revealed the unusual transaction, Kruger tweeted:

Transaction Linked to Bakkt?

According to some Twitter users, the huge BTC transaction from an unknown wallet to an unknown wallet could be linked to Bakkt—the ICE-backed exchange, which is set to launch its custody service named Bakkt Warehouse today (September 6, 2019).

Bakkt plans to roll out its physically settled Bitcoin futures towards the end of this month on September 23.

Ready to set financial goals, but don’t know where to start? Consider these 6 short term and long-term goals that everyone should have.

Check these posts that highlight important points on how to choose best trading apps for bitcoin trading.

 

 

Explore Our Investment & Finance Resources A-Z
ABCDEFGHIJKLMNOPQRSTUVWXYZ#

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Justinas Baltrusaitis

Justin is an editor, writer, and a downhill fan. He spent many years writing about finances, blockchain, and crypto-related news. He strives to serve the untold stories for the readers.