Billion Dollar Bitcoin Transfer Raises Eyebrows
USA — A Bitcoin transfer worth nearly $1 billion caught the interest of cryptocurrency speculators around the world yesterday. The transaction of 94,505 Bitcoin originated from what the Twitter user @thetokenanalyst believes to be wallets connected to HuobiGlobal, one of the largest crypto exchanges in the world. Speculators attributed this move to Bakkt’s upcoming launch of a Bitcoin-backed futures product, but this has yet to be proven. To date the wallet in question has only made 7 transactions.
Bakkt is now accepting Bitcoin deposits and withdrawals, it’s Bitcoin futures product is scheduled to launch September 23rd.