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Ethereum [ETH]: $6 million worth of Ether aggregated into 53rd richest wallet address ahead of hardfork

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$6 million worth of Ethereum aggregated into 53rd richest wallet address ahead of the hard fork
Source: Unsplash

On February 17, 2019, a total of 41,905 Ether was transferred from a wallet to multiple wallets which were aggregated to a single wallet, making it the 53rd richest wallet. This transfer could be in preparation for the impending hardfork for Ethereum, which is right around the corner.

Ethereum’s hardfork is something that has been debated, discussed and tweeted about as it is the most awaited upgrade on the Ethereum blockchain, which will try to solve the long-standing problems it has been facing. The hardfork, however, has been postponed two times and it is finally set to happen, hopefully, by the end of February.

The wallet, 0x675a67b5deb3da888262338f17cdf342698e8d95 sent a total of 41,904.999643 Ether worth $5,848,261.75 [at press time] to 0x60d0cc2ae15859f69bf74dadb8ae3bd58434976b.

The transaction which took place 17 hours ago [February 17, 2019, 04:21 UTC] cost only $0.02 [0.0001155 Ether] with a gas of 21,000. The transaction moved from the receiving wallet to two more wallets and ended up in wallet [0x07C62A47eBe0fa853Bb83375e488896CE71266Df], which is currently the 53rd richest wallet in the Ethereum ecosystem.

Source: Etherscan.io

The said wallet has a total of 184,132.66 Ether, which worth in excess of $25.54 million. Alternatively, it is equivalent to 6910.70 BTC or 82,493.5306 XRP.

Moreover, the sender of the wallet had more Ether received than it actually sent to the final receiver of the wallet. The sender received a total of 46,585 Ether [$6,470,317.26] from 0x60d0cc2ae15859f69bf74dadb8ae3bd58434976b. Like the above transaction, all the transactions received by this wallet were distributed to different wallets in different amounts.

Furthermore, Ethereum saw a drastic increase in its prices on February 18, 2019, up to 12%, with the price reaching as high as $142. Ethereum has returned to its rightful place, the second-biggest cryptocurrency [in terms of market cap].

The disparity between XRP and Ethereum’s market cap has been growing slowly, but steadily, ever since Ethereum overtook XRP. The current market cap of ETH at the time of writing was $14.52 billion. Some of this rise could be attributed to the addition of Bitcoin and Ethereum’s liquid indices by NASDAQ.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.

XRP

XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind

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XRP TipBot goes online after a tiny downtime
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XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.





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