$1.1 Billion BTC Transaction Was Charged Only For $0.68 On Bitfinex
$1.1 Billion BTC Transaction Charged Only For $0.68 On Bitfinex
April 13, 2020
$1.1 Billion BTC Transaction Was Charged Only For $0.68 On Bitfinex
$1.1 Billion BTC Transaction Charged Only For $0.68 On Bitfinex
April 13, 2020

A 161,500 Bitcoin (BTC) transaction (worth more than $1.1 billion) was transferred on April 10 on Bitfinex with a fee charged only for 0.00010019 BTC (worth approx. $0.68).

This officially signifies Bitfinex’s largest Bitcoin transaction till date in terms of total valuation of US dollars.

The transaction was first brought to light by Twitter user, KRMA_0:

Responding to the tweet was none other than Paolo Ardoino, the CTO of Bitfinex himself claiming that the exchange was responsible through refilling its hot address:

The transaction details on how 15,000 BTC was sent over to a wallet while the remaining 146,500 BTC was returned to that of the original address.

In a similar scenario, the last time someone moved over a billion dollars BTC was on September 6, 2019. The transaction recorded a 94,504 BTC transaction ($1.018 billion at the time), transferred at a mere fee for $700.

ALSO READ :  AnChain.AI Partners With Bluehelix To Launch Solutions Addressing Compliance Within Blockchain Networks

However, the largest amount of cryptocurrency transaction occurred on November 16, 2011 worth ($1.32 million at the time). The same amount could be liquidated for approximately $3.5 billion today.


Official Source: Blockchain.com | Image Credits: Pixabay

Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!