Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    SEC Reviews In-Kind Crypto ETF Redemptions

    GameStop Raises $450M for Bitcoin Acquisition

    India’s BJP Leader Advocates for Bitcoin Reserve

    U.S. Housing Agency Orders Crypto as Mortgage Collateral

    Metaplanet Acquires Additional 1,234 Bitcoin, Now Holds 12,345 BTC

    Metaplanet Purchases 1,234 Bitcoin, Total Holdings Reach 12,345 BTC

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Coinbase Introduces Wrapped Cardano and Litecoin on Base

    BlackRock Reportedly Increases Ethereum Holdings by $55.2 Million

    South Korea’s Major Banks Launch Won-Backed Stablecoin

    South Korean Banks Collaborate on Won-Backed Stablecoin

    Ripple’s RLUSD Expands to 20M Merchants in Southeast Asia

    Invesco, Galaxy Digital File for Spot Solana ETF

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Binance Moved $1 Billion Worth of Bitcoins- Find Out What Fee They Paid!

Anca F. by Anca F.
May 29, 2019
in Latest News
Binance

The popular cryptocurrency exchange Binance relocated a massive sum of $1.26 billion worth of Bitcoin today, a transfer which cost them $124.60 in network fees.

Binance CEO Changpeng Zhao announced this morning that the huge transfer was scheduled to happen today.

“We will be moving some funds between our cold wallets. A tell tale sign of a new cold wallet on Binance is two small transfers from and BACK TO an existing wallet, then a large transaction. No need to be alarmed. Funds are #SAFU.”- read the CEO’s tweet.

Whale Alert quickly notified its Twitter followers that Binance had successfully made several transfers which relocated 145,980 BTC to a new, unknown wallet address.

? ? ? ? ? ? ? ? ? ? 77,410 #BTC (667,243,260 USD) transferred from #Binance to unknown wallet

Tx: https://t.co/dVm3ems9ud

— Whale Alert (@whale_alert) May 29, 2019

The transactions have been recorded on the #578327 and #578328 blocks of the Bitcoin blockchain, which were broadcasted at around 9:00 UTC, May 29.

According to blockchain explorer data, the first transfer involved 77,410.477 BTC ($667 million), resulting in $19.22 worth of network fees.

Source: Blockchain explorer

The second transfer moved 68,569.60 BTC ($594 million), incurring a heftier fee of $105.38.

Source: Blockchain explorer

The Bitcoin network’s unique feature enables users to select the amount of their network fee when they make peer-to-peer transactions.

Smaller fees will result in slower transaction times, and logically, a higher fee will place your transaction at the top of the list, ensuring a faster execution time. This system encourages users to contribute more to the miner fee.

I only assume that the person that hit the Send button to make the first transaction from the Binance cold wallet is still suffering from anxiety.

Tags: BinanceBitcoinBitcoin transferChangpeng Zhaowhale alert
Previous Post

Exodus Wallet Review: What Makes Exodus Different?

Next Post

Bitcoin SV Surges After Fake Satoshi Nakamoto Claims

Anca F.

Anca F.

Related Posts

ASIC Investigates ASX After Blockchain Project Failure

by Solomon M.
June 26, 2025

ASIC probes ASX's abandoned blockchain project, examining possible failures in frameworks and practices.

AIXA Miner Launches Mobile Crypto Mining App

by Solomon M.
June 26, 2025

AIXA Miner's mobile app enables BTC, ETH, DOGE mining, offering AI-optimized earnings.

Bank of Russia Proposes Controlled Crypto Integration Plan

by Solomon M.
June 26, 2025

Bank of Russia submits plan to State Duma for phased crypto integration with focus on qualified investors and institutional structures.

Kraken Secures MiCA License in Ireland for European Expansion

by Solomon M.
June 26, 2025

Kraken obtains MiCA license in Ireland, enabling regulated crypto offerings across 30 EEA countries.

SEC Extends Broker-Dealer Reserve Rule Deadline to 2026

by Solomon M.
June 26, 2025

SEC extends broker-dealer reserve rule deadline to June 2026, offering more operational flexibility.

FHFA Moves to Include Crypto in Mortgage Assets

by Anca F.
June 26, 2025

FHFA announces inclusion of cryptocurrency in mortgage assets, impacting U.S. housing finance markets significantly.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.