Bitcoin hasn't (yet) fulfilled its original promise of being widely-used electronic cash,Watch I was dragged into prison by my ex but it still offers some features that would be hard to achieve within the traditional banking system. Namely, moving $1.1 billion from one address to another, in a single transaction that took minutes and cost just $80.
The details of the transaction, which happened late on Tuesday, can be seen here. A total of 124,946.6 BTC were moved, which were worth roughly $1.1 billion at the time. The transaction fee was 0.0096 BTC, or around $83.
Anyone controlling that much bitcoin is called a "whale" in Bitcoin lingo. Notably, the number of bitcoins moved accounts for roughly 0.7% of the total circulating supply, which is a little over 18.1 million bitcoins.
The massive transaction is not the first of its kind, but it is rare, and is definitely one of the largest ever in dollar terms. It was noticed on Twitter and Reddit, where one user traced it back to cryptocurrency exchange Bitfinex.
This Tweet is currently unavailable. It might be loading or has been removed.
Bitcoin critics from the cryptocurrency world pointed out that you could make a similar transaction even cheaper with other coins, but realistically, not many have a total value big enough to make such a massive transaction feasible.
With this single transaction, the receiving address became the second "richest" Bitcoin address, trailing just one which holds 255,502 BTC.
The transaction happened after a period of fairly quick growth for BTC and other cryptocurrencies. The price of Bitcoin jumped more than 10 percent since Friday, and is currently at $8,714.
Topics Bitcoin Cryptocurrency
NYT mini crossword answers for May 9, 2025
The best new games coming in August 2017
NASA wants you to help celebrate the Voyager's 40th anniversary
Who are the Golden Company on 'Game of Thrones' and why do they matter?
NYT Strands hints, answers for May 18
GM's tiny Chinese electric car will only cost $5,300
Ryan Reynolds hooks us up with the first look at Josh Brolin's Cable in 'Deadpool 2'
New manicure color trend gives people an unusual way to show off their nails
Apple is actively looking at AI search for Safari
Robot from Boston Dynamics totally eats it during demo
Sabalenka vs. Svitolina 2025 livestream: Watch Madrid Open for free
Google employee who wrote sexist manifesto identified
Excellent 'Metal Gear Solid' shirt commemorates the series' undeniable homoeroticism
Hands on with the Soft Gold OnePlus 5 Android phone with dual cameras
NYT Strands hints, answers for May 5
The world is once again safe for podcasting after patent trolls lose in court
'Game of Thrones': Ser Davos remembers Stannis Baratheon with 1 line
Hackers are shaking down HBO for Bitcoin — should the network pay up?
Music is the secret weapon of Mario Speedrunners
Cheetos to open a dangerously cheesy pop
How to block someone on FacebookRing treated cops like influencers in a bid to boost its brandWordle today: Here's the answer and hints for August 9Recapping Dante: Canto 26, or You Can’t Go Home AgainApple once considered launching its own health clinics, report claimsMy Rayannes by Emma StraubThe Last Days to Apply for Our Residency at the StandardMickey Easterling and the Practice of “Extreme Embalming”Only Murders in the Building’ Season 3: Who killed Ben? A suspect rundownThe Morning News Roundup for May 5, 2014The Morning News Roundup for May 2, 2014The Story Behind “Cunning”How to use a VPN to book a flight, hotel, and more — plus the best VPN dealsOne Week Left to Apply for Our WriterAn Oral Biography of García Márquez, Part ThreeMickey Easterling and the Practice of “Extreme Embalming”Only Murders in the Building’ Season 3: Who killed Ben? A suspect rundownHow to change your Instagram passwordMay Will Always Be the Best Month of the YearThe Morning News Roundup for April 18, 2014 Local reporter shredding while delivering news is a delight to watch 'The Caine Mutiny Court Zoom makes its 'AI Companion' available to paid customers at no additional cost Cabinet of Wonder On This Day, William Tell Shot an Apple Off His Son’s Head Four Paintings by Neo Rauch Microsoft is finally killing off WordPad after nearly 30 years On William Gass’s “In the Heart of the Heart of the Country” Writing Tennessee Williams’s Life The Soul of Wit Gallup/Knight poll: Americans agree on pros and cons of social media — except for one crucial issue Let’s All Go Down to the Bridge and Get Our Teeth Pulled by Dan Piepenbring Can watching ethical porn help improve our sexual body image? Call Me Madam Pipi Wordle today: Here's the answer and hints for September 3 This Week on The Paris Review Daily Timothée Chalamet and Zendaya are watching you (and yes, it's a meme) How to Repair Parchment Red flags are taking over Twitter Addison Rae tweeted that she was banned from TikTok. But she's back, so that was...weird.
2.3449s , 10104.7890625 kb
Copyright © 2025 Powered by 【Watch I was dragged into prison by my ex】,Fresh Information Network