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Inflation, interest rate rises and the rise of the dollar For reasons like these, we’ve put cryptocurrencies aside for now. Although the cryptocurrency world has been in the
Inflation, interest rate rises and the rise of the dollar For reasons like these, we’ve put cryptocurrencies aside for now. Although the cryptocurrency world has been in the red in recent weeks and months, it is making impressive developments every day.
Today we forget the recent and historically recorded declines 5 cryptocurrency transfers with the largest and lowest transaction fees we shall see.
The largest Bitcoin transfer transaction in history occurred when 161,500 Bitcoins were sent with a transaction fee of just $0.68. Paolo Ardoino, Chief Technology Officer of Bitfinexexplained that they made this transaction to line the pockets of their exchanges.
The second largest cryptocurrency transfer of all time took place between mysterious wallets. Solving the mystery of this transfer process it took 5 days.
It was determined that the mysterious wallets that performed this transaction had sent the same amount of Bitcoin to each other in the previous months. This is likely that an exchange moves its money from one wallet to another shows.
This process Associated with Blockchain.com exchange and a search for the wallet address that performed the transaction, It reveals a GitHub page linking this address to Blockchain.info, now Blockchain.com.
The third largest transaction involves a transfer of money from one private user to another for a very low fee. About this transaction, a well-known Bitcoin commentator Max Keizer said: “The transaction may involve a financial institution“told.
Moreover, the Bitcoin price immediately after this transfer Decreased dramatically: It fell from $10,654 on September 6 to $8,140 on October 6.
Cryptocurrency exchange Bitstamp moved 107,848 BTC to a cryptocurrency custody provider with very low transaction fees. Bitstamp CEO Nejc Kodričthese transaction costs were then “is equal to the price of a cup of coffee in the US“told.
It is claimed that the fifth largest transaction ever was a transfer by cryptocurrency exchange Bittrex to increase transaction volume. The transaction fee was only $0.66.
Such large transactions that have entered the history of cryptocurrencies, It proves that millions of dollars can be made very quickly with cryptocurrencies at ridiculous costs. The reason behind sending such large amounts of money at such a low cost is Blockchain technology without intermediaries comes.
Considering that a $1 million wire transfer could cost between $30 and $50, The appeal of cryptocurrencies is better understood.
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
