Copy link
Increase text size
Decrease text size
Link copied

CZ: 'the future is here' as Binance transfers $1.2B in BNB in 1 second for $0.01

Image from Coincodex

Thu, 27 Jun 2019, 03:41 am UTC

Over the past few months, crypto whales – described as those who have out-sized cryptocurrency stakes – have been transferring a colossal amount of cryptocurrencies around the crypto space.

The latest movement was on June 26 wherein an estimated $1.2 billion in binance (BNC) coin was transferred in 1.1 seconds on the Binance Chain, charging only $0.015 transaction fee, according to a data published by WhaleAlert.

Tweeting that “the future is here,” Binance CEO Changpeng Zhao warned that more big transactions are expected as the cryptocurrency exchange intends to split its BNB cold wallet into several addresses.

The exact amount of Binance coins transferred was 32,888,888 BNB. One Twitter user was quick to point out that 8 is just the same number in Chinese numerology. In Chinese culture, a figure with several eights is considered lucky.

Zhao replied, “It sort of signals it’s not a hack, hackers will drain a wallet and not go for a lucky number.”

A recent study conducted by Chainalysis found that one-third of the ether in the world is owned by 376 people. Ether whales reportedly hold 33% of the circulating supply in 2019.

Also, just recently, Singapore-based cryptocurrency exchange KuCoin announced that it has listed Binance’s native token Binance Coin (BNB).

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,447.06 (+1.37%)
  • Ethereum (ETH) $163.95 (+2.07%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $329.36 (+6.07%)
  • Bitcoin SV (BSV) $270.20 (+3.87%)
  • Bitcoin (BTC) $8,447.06 (+1.37%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft