Probably something like an exchange consolidating their funds into a single (multisig) wallet.
Interestingly, transfer feeds were around 700 USD.
94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
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Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#32Watching things like this, I think bitcoin could eventually replace the government-backed currency.
Everyone can watch them move. If you spend 1$ from that wallet to buy even a mars bar, your identity will be known to others. How CLEAN and clear is that?
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#33Unknown just means whale alert doesn't display it? Transaction with addresses: https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb...
Unknown meaning the owner of the address is unknown
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#34Probably related to Bakkt. The interesting thing here is how inexpensive was the transaction fee. How does banks transfer this kind of sum and how much would it cost?
It would be free with a bank. If you have that much money with the bank, they will bend over backwards for you. For example with E*Trade I think any wire is free if you have 1 million with them.
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#35Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#36From the top twitter comment: > 0.06BTC in fees? Why so expensive? Just gotta say, its pretty amazing we live in a world where 1 billion dollars can get transferred pseudo-anonymously in a reasonable time frame, only costing the transfer party $600. As a really stupid, non-real-world comparison, Western Union has a transfer limit of $2500 per transaction, and a $20 fee per transaction. If you were to initiate a $1,00…
Help me understand, was 1 billion dollars actually transferred?
Wouldn't a normal bank wire of the same amount cost less than that, say $25?
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#37Is this a block of Satoshi mined coins? Anyone know a way to see the origin date of a particular coin easily?
If these were Satoshi coins that would be a huge story since Satoshi’s private keys are presumed lost.
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#38Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#39Probably related to Bakkt. The interesting thing here is how inexpensive was the transaction fee. How does banks transfer this kind of sum and how much would it cost?
They used to pass physical currency around. The US mint produced high denomination notes — up to $100,000 — for this purpose (no they weren’t because of inflation, like in Weimar Germany or Zimbabwe)
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#40From the top twitter comment: > 0.06BTC in fees? Why so expensive? Just gotta say, its pretty amazing we live in a world where 1 billion dollars can get transferred pseudo-anonymously in a reasonable time frame, only costing the transfer party $600. As a really stupid, non-real-world comparison, Western Union has a transfer limit of $2500 per transaction, and a $20 fee per transaction. If you were to initiate a $1,00…
Help me understand, was 1 billion dollars actually transferred? Wouldn't a normal bank wire of the same amount cost less than that, say $25?
Yes and yes. A bank wire is the opposite of pseudo-anonymous though, especially with this kind of amount you'd have all sorts of eyes on you.