InsideBitcoins.com

Bitcoin block includes $6 billion over 25 transactions

Close to $6 billion in Bitcoin were included in one block broken up into 25 different transactions today, reports CoinTelegraph. The block number was 583,139.

Big blocks across the board

This news broke to us via the Twitter account Bitcoin Block Bot. Obviously, the work was done by a group of whales – users that hold significant enough amounts of Bitcoin that they completely alter the price by making a transaction. According to AMBCrypto, all 25 transactions ended up at one wallet, which is mind-blowing.

Source: Blockchain
Source: AMBCrypto

As you can see in the image above, one wallet is linked to every single transaction. According to the publication, it was found that the text associated with the received transactions read “We’ll buy your Bitcoins. sell.buy.bitcoin@protonmail.com”.

Of course, these transactions occur during Bitcoin’s highest period of 2019. For the past week, the cryptocurrency is reaching highs we haven’t seen in a very long time. What’s even better is that this comes long after the mainstream believed that the asset is long gone.

Bloomberg and other publications have finally agreed to the fact that cryptocurrencies are here to stay as well.

This is helped by Facebook’s recent Libra project, too. Since the recent announcement of Libra, we’re starting to see more and more people participate in the online trading of Bitcoin, alongside other cryptocurrencies following it.

Libra might even be a Bitcoin killer despite it being a stablecoin that’s closer to centralized than decentralized. This is due to Facebook having control over the Libra blockchain, and big companies like Mastercard and Visa being big nodes on the network. Even Binance might be interested in participating.

That said, some of these prices might be altered due to a Bitcoin robot like Bitcoin Lifestyle. These tools automatically buy and sell assets for the participating user. But more and more of them are appearing, especially fake ones that are actually scams, but may still contribute to the changing prices.

Top brokers for buying and trading cryptocurrencies

  • Platform
  • Features
  • Rating
  • Visit Site
  • US-Friendly
  • Paypal accepted
  • 12+ cryptocurrencies
4.5/5

Visit Site
75% of retail investors lose money.
eToro Reviews

    eToro Reviews

    https://insidebitcoins.com/visit/etoro-newsCreate your account
    Hide eToro Reviews
    • Best broker for non-US countries
    • Trade crypto CFDs, forex and stocks
    • No withdrawal or deposit fees
    4.5/5

    Visit Site
    80.5% of retail investors lose money.
    Plus500 Reviews

      Plus500 Reviews

      https://insidebitcoins.com/visit/plus500-newsCreate your account
      Hide Plus500 Reviews
      Remember, all trading carries risk. Past performance is no guarantee of future results.
      Avatar

      Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.