From a mysterious crypto whale on Binance to a new fork of Zcash, here’s a look at some of the stories breaking in the world of crypto.
Ethereum and Bitcoin
Crypto traders say an Ethereum whale is making a huge splash on the crypto exchange Binance.
According to Three Arrows Capital CEO Su Zhu, the whale has bought 300,000 ETH worth about $70 million in recent weeks. The most recent buy order clocks in at 20,000 ETH worth about $4.5 million.
— Su Zhu 🦁 (@zhusu) July 18, 2019
The big buy order triggered a debate on whether the whale is trying to create the illusion of demand to push the price of Ether, Bitcoin and the entire crypto market higher.
Usually I’d agree, but I disagree here. Whoever this entity is had a 350+ BTC buy wall the other night, and I watched the entire order get sold into piece by piece
I don’t see this as bullish or bearish
— kerneltrader (@kerneltrader) July 18, 2019
On Sunday, a separate crypto whale was accused of selling 15,000 ETH on the crypto exchange Bitstamp and triggering a cascade that pushed Bitcoin and the overall crypto market at large into a downward spiral.
Ripple and XRP
The Canada-based crypto exchange CoinField has rapidly expanded its use of XRP as a base pair on the platform. The exchange says it now has 30 coins paired directly with XRP.
Coinfield ❤’s XRP! 30 #XRP pairs in 100 countries.
WHAT IF YOU COULD PAY FOR DAILY EXPENDITURES WITH XRP?