Bittrex Archives - Times Tabloid https://timestabloid.com/tag/bittrex/ Cryptocurrency and Blockchain Tabs Wed, 07 Dec 2022 20:35:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png Bittrex Archives - Times Tabloid https://timestabloid.com/tag/bittrex/ 32 32 Over 4 Billion XRP Sent Out of Bittrex Exchange by Anon Whales: Details https://timestabloid.com/over-4-billion-xrp-sent-out-of-bittrex-exchange-by-anon-whales/ Wed, 07 Dec 2022 20:25:25 +0000 https://timestabloid.com/?p=12443 Billions of the XRP Ledger native token have been offloaded from the United States-based crypto exchange today by unknown users, as the FTX contagion continues to spread. Data from the popular crypto tracking platform, Whale Alert showed that exactly 4,124,254,650 XRP coins were sent out of Bittrex to different cold wallets by anonymous whales on […]

The post Over 4 Billion XRP Sent Out of Bittrex Exchange by Anon Whales: Details appeared first on Times Tabloid.

]]> Billions of the XRP Ledger native token have been offloaded from the United States-based crypto exchange today by unknown users, as the FTX contagion continues to spread.

Data from the popular crypto tracking platform, Whale Alert showed that exactly 4,124,254,650 XRP coins were sent out of Bittrex to different cold wallets by anonymous whales on Wednesday. Noteworthy is that the huge XRP withdrawal from the popular centralized exchange was executed in nine transactions.Β 

In seven of the transactions, 500 million XRP coins were transferred from Bittrex per transaction to various non-exchange wallets in the same hour. This entails an overall withdrawal of 3,500,000,000 XRP, which is worth $1.34 billion at the current XRP exchange rate of $0.3819.Β 

 

 

 

 

Whale Alert also reported that 300 million units of XRP worth about $113 million at the time of execution, were transferred out of Bittrex to an unknown whale wallet.

In another disclosure, a certain whale wallet on the Bittrex exchange unloaded a total of 324,254,650 XRP coins worth approximately $123 million at the time of execution, to cold storage.

Read Also: Macro Guru Raoul Pal: I Have Said This A Gazillion Times, XRP Has A Real Use Case

XRP in the Market

While most of the recorded voluminous XRP transfers are often related to Ripple’s On-Demand Liquidity (ODL) service, it is speculated that this recent 4 billion+ XRP withdrawal from Bittrex could be an after-effect of the FTX collapse. As more and more centralized crypto exchanges continue to fold up or face liquidity crunches, users seem to prefer holding their assets in cold storage where they are in full custody of their private keys.Β 

It bears mentioning that the controversy surrounding XRP continues as the Ripple-SEC is yet to conclude. To this end, the token is yet to record any significant price action.

Read Also: FTX Japan Reveals Large Amount of XRP Held in its Cold Wallet

Β Recently, Coinbase announced that its wallet would cease support for XRP starting from January 23 while Microstrategy’s Michael Saylor concurred with the SEC’s claim that XRP is an unregistered security.Β 

Regardless, Ripple CEO Brad Garlinghouse and the entire XRP community remain confident that the Ripple-SEC case would end in favor of XRP. The XRP Ledger native token is expected to rally if the SEC loses the court battle with Ripple.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Over 4 Billion XRP Sent Out of Bittrex Exchange by Anon Whales: Details appeared first on Times Tabloid.

]]> Bittrex Exchange Launches Shiba Inu (SHIB) Trading Against US Dollar (USD) https://timestabloid.com/bittrex-exchange-launches-shiba-inu-shib-trading-against-us-dollar-usd/ Fri, 15 Jul 2022 09:18:27 +0000 https://timestabloid.com/?p=7588 Bittrex, one of the biggest and most trusted crypto exchanges based in the United States, has officially announced that the trading of Shiba Inu (SHIB), the hottest dog-themed token in the market, is now live on its platform. We Are On Twitter: Follow Us The first announcement that prepared the Shiba Inu community for the […]

The post Bittrex Exchange Launches Shiba Inu (SHIB) Trading Against US Dollar (USD) appeared first on Times Tabloid.

]]> Bittrex, one of the biggest and most trusted crypto exchanges based in the United States, has officially announced that the trading of Shiba Inu (SHIB), the hottest dog-themed token in the market, is now live on its platform.

We Are On Twitter: Follow Us

The first announcement that prepared the Shiba Inu community for the listing was made about two days ago. In a tweet, Bittrex wrote:

β€œNew Listing Update: Shiba Inu (SHIB) wallet is open and trading will begin shortly on bittrex.com Markets: USD-SHIB.”

In a recent announcement, Bittrex informed the Shiba Inu enthusiasts that the digital token SHIB is now live for users to trade against the US dollar (USD).

Bittrex tweeted, β€œSHIB wallet is open and trading has now begun on Bittrex.com.”

Read Also: Shiba Inu Gets Closer to Launching Its Own Stablecoin SHI, Rewards Token, and Collectible Card Game

About Bittrex Exchange

Bittrex was founded in 2014 by three cybersecurity engineers. It’s located in Seattle, United States, and it’s one of the largest exchanges based on trading volume.

The exchange has a daily trading volume of relatively $300 million. It listed over 100 digital tokens for its teeming users across the world to leverage. It also has over 200 trading pairs with bearable fees.

The exchange aims to operate a world-class crypto exchange with a focus on trust. It’s also recognized as one of the exchanges with very transaction speed and dependable in terms of security.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Bittrex Exchange Launches Shiba Inu (SHIB) Trading Against US Dollar (USD) appeared first on Times Tabloid.

]]>