An Ethereum whale has woken up to move its 145.000 ETH after almost 3 years of inactivity on the network. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
An Ethereum whale wakes up and moves 145.000 ETH
📍This week, an Ethereum whale moved over $286 million worth of ETH to different addresses. An Ethereum whale with 145.000 ETH in its possession has woken up after almost 3 years, cryptocurrency blogger Colin Wu reported on his Twitter account.
The 145.000 ETH was distributed to several addresses, as seen on the Ethereum network's block explorer, Etherscan.
Wu stressed that the initial source The ETH whale's biggest asset was Ethereum's Genesis ICO (Initial Coin Offering), which took place in July 2014. Initially, this crypto whale had obtained 150.000 ETH during the ICO. However, in 2016, he moved his ethers to the address from which he made the current transaction and in 2019 he sent 5.000 ETH to an exchange address, leaving the rest, the 145.000 ethers, inactive since then.
According to data on EtherscanAt the time of the transaction in 2016, the 145.000 ETH held by the entity were worth around $1,66 million. Today, this same amount of ethers is worth over $286 million, which represents an exponential growth of over 17.000% in almost 6 years.
Do Kwon: “I alone am responsible”
📍Do Kwon takes responsibility for Terra's collapse. During an interview on Coinage's NFTV, Do Kwon, founder of the Terra blockchain ecosystem, spoke about several of the mistakes that led to UST and LUNA investors losing billions of dollars this year, when both crypto assets collapsed.
According to Kwon, he never thought that his blockchain ecosystem, which was based on the failed UST stablecoin, would collapse. He also pointed to himself as the sole person responsible for the debacle caused by Terra. “I, and I alone, am responsible for any weakness that could have been presented for a short seller to start taking profits,” Kwon said during the interview.
Although the founder of the network currently known as Terra Classic said in the interview that he was simply going to state the facts as he knows them, the anonymous investor FatManTerra questioned the veracity of Kwon's statements and the impartiality of the interviewer, Zack Guzman.
BTG Pactual and XP in the Bitcoin market
📍Investment bank BTG Pactual and investment company XP Investimentos enter the Bitcoin market. BTG Pactual and XP Investimentos, both companies of Brazilian origin, have launched two new platforms, Mynt and Xtage, respectively, to offer their clients and users access to Bitcoin, the main cryptocurrency on the market.
BTG Pactual is an investment bank specializing in private equity and venture capital, considered the largest in Latin America, which manages investment, government and wealth funds. XP is considered the largest broker in Brazil.
Bitmain offers loans to other crypto miners
📍Miner manufacturer Bitmain partners with Antalpha to offer loans to crypto farms. The crypto market crash has led companies in the industry to come up with solutions to stay afloat and help others. In the case of Bitmain, the company that makes ASIC devices for mining bitcoins, it has announced a partnership with the Antalpha mining pool to offer financial support to other crypto miners.
According to the China-based company, Bitcoin and other cryptocurrency mining farms can borrow at low cost to cover their operational needs, including energy costs and equipment purchases.
Continue reading: Monero successfully completed a new hard fork to improve its privacy
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