{"id":30739,"date":"2020-10-26T23:13:36","date_gmt":"2020-10-26T21:13:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30739"},"modified":"2025-08-27T23:47:35","modified_gmt":"2025-08-27T20:47:35","slug":"bitcoin-network-records-a-1-1-billion-transaction","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-network-records-a-1-1-billion-transaction\/","title":{"rendered":"Bitcoin network records a $1.1 billion transaction"},"content":{"rendered":"<p>On October 26, the Bitcoin network <a href=\\\"https:\/\/www.blockchain.com\/btc\/tx\/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">\u043e\u0441\u0443\u0449\u0435\u0441\u0442\u0432\u0438\u043b\u0438<\/a> a transaction of 88,857 BTC (about $1.15 billion). According to Whale Alert, the sender&#8217;s address belongs to custodian Xapo.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 45,671 <a href=\\\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTC<\/a> (602,832,400 USD) transferred from <a href=\\\"https:\/\/twitter.com\/hashtag\/Xapo?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Xapo<\/a> to unknown wallet<a href=\\\"https:\/\/t.co\/pj7YNs8gBW\\\">https:\/\/t.co\/pj7YNs8gBW<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\\\"https:\/\/twitter.com\/whale_alert\/status\/1320748159568650240?ref_src=twsrc%5Etfw\\\">October 26, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 43,185 <a href=\\\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTC<\/a> (570,027,650 USD) transferred from <a href=\\\"https:\/\/twitter.com\/hashtag\/Xapo?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Xapo<\/a> to unknown wallet<a href=\\\"https:\/\/t.co\/Dfgq6R4drR\\\">https:\/\/t.co\/Dfgq6R4drR<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\\\"https:\/\/twitter.com\/whale_alert\/status\/1320748466361040896?ref_src=twsrc%5Etfw\\\">October 26, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Previously, the sender had transferred bitcoins from an address that held 92,857 BTC.<\/p>\n<p><script async src=\\\"https:\/\/telegram.org\/js\/telegram-widget.js?12\\\" data-telegram-post=\\\"BTCparser2\/119859\\\" data-width=\\\"100%\\\"><\/script><\/p>\n<p>In the past, such large transactions were carried out by Bitfinex ($1.1 billion at the time of the transfer) and Binance ($1.26 billion at the time of the transfer).<\/p>\n<p>The largest BTC-equivalent transaction occurred on 16 November 2011 \u2014 <a href=\\\"https:\/\/www.blockchain.com\/btc\/tx\/29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">500 000 BTC<\/a>.<\/p>\n<p>Such transactions are not uncommon for Xapo, though they typically do not exceed 5,000 BTC.<\/p>\n<p>Last year Coinbase bought Xapo&#8217;s institutional division, but the company retained control over retail operations and the vault in Switzerland. Details about the latter can be read via the link below.<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"51ln5FtWuw\\\">\n<p>The Quartz publication showed Xapo&#8217;s secret Bitcoin vault in the Swiss Alps<\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201cThe Quartz publication showed Xapo's secret Bitcoin vault in the Swiss Alps\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/forklog.com\/exclusive\/izdanie-quartz-pokazalo-sekretnoe-hranilishhe-bitkoinov-xapo-v-gorah-shvejtsarii\/embed#?secret=ZXwIifr8eW#?secret=51ln5FtWuw\\\" data-secret=\\\"51ln5FtWuw\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full stream of news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 26, the Bitcoin network processed a transaction of 88,857 BTC (about $1.15 billion). According to Whale Alert, the sender&#8217;s address belongs to custodian Xapo.<\/p>\n","protected":false},"author":1,"featured_media":30740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,181],"class_list":["post-30739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-xapo"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=30739"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30739\/revisions"}],"predecessor-version":[{"id":30741,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30739\/revisions\/30741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/30740"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=30739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=30739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=30739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}