Crypto whales are moving millions in Stellar Lumens (XLM), XRP and Bitcoin (BTC). $13 million worth of XLM is on the move in the last 24 hours, with about $1 million being sent to crypto exchanges.
• 6,000,000 XLM Worth $502,495 sent from unknown wallet to Bitfinex
• 7,000,000 XLM Worth $599,772 sent from unknown wallet to Binance
• 22,939,761 XLM Worth $2,012,570 sent from unknown wallet to unknown wallet
• 45,879,524 XLM Worth $4,025,140 sent from unknown wallet to unknown wallet
• 68,819,286 XLM Worth $6,037,710 sent from unknown wallet to unknown wallet
Meanwhile, a single transfer of $10 million XRP has been sent from the crypto exchange Huobi to an unknown wallet. In addition, Ripple continues its mass movement of XRP, with a $2 million transfer from its over-the-counter (OTC) wallet to an unknown wallet.
Finally, a single transaction of 2,000 Bitcoin worth $6 million has been sent to the crypto exchange Bittrex, indicating a trader may be gearing up to sell.
Bakkt, an Atlanta-based subsidiary of the Intercontinental Exchange (ICE), an American firm that owns the New York Stock Exchange, will begin user acceptance testing for its Bitcoin futures contracts on July 22, 2019.
St. Louis Federal Reserve President James Bullard told reporters on Friday that cryptocurrencies will cause a significant shift in the U.S. financial system. In fact, at its current pace, the cryptocurrency revolution may end up normalizing non-uniform currency relations.
Bank of America has filed for a patent for a settlement system citing the Ripple ledger, according to a filing on Google Patents.
The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof.
A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.