Bitcoin whale moved over $ 468 million on Binance

A major cryptocurrency investor recently moved hundreds of millions of dollars in bitcoins BTC $74,847.23 Bitcoin 0.26% Market capitalization $1.48 trillion VOL. 24 hours $5.58 billion to the cryptocurrency exchange Binance. According to new data from analytics firm Lookonchain, the investor began transferring significant amounts of bitcoin to Binance on June 27 and continued to be active, transferring hundreds of additional virtual coins.

As of July 8, the whale had moved more than $ 468 million in bitcoin to Binance. According to Lookonchain, «he deposited 809 BTC ($ 45.18 million) on Binance again on July 8. In total, he has deposited 7,790 BTC ($ 468 million) on Binance since June 27 and now holds 6,559 BTC ($ 379 million).»

Interestingly, the German government also continues to move large amounts of bitcoin to cryptocurrency exchanges. According to Lookonchain, on July 8, the agency transferred another 1,000 BTC ($ 55.8 million), of which 500 BTC ($ 27.9 million) were deposited on Coinbase and Bitstamp. The German government’s movement of bitcoin was first noticed in June, when it announced that the cryptocurrency had been confiscated during an investigation into Movie2k. to, an illegal video streaming site that was accused of distributing more than 880,000 pirated movies from 2008 to May 2013.

The Dresden Public Prosecutor’s Office reported that two of the site’s operators had purchased bitcoins with the proceeds of the illegal activity, and police confiscated nearly 50,000 BTC worth $ 2.17 billion at the time.