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Almost $100 Million In BTC Was Moved To Ethereum A Month Ago

Almost $100 million in Bitcoin was moved to Ethereum in July which was mostly led by retail traders. Ethereum remains the most popular off-chain destination for transferring bitcoins as its supply of tokenized BTC increased by 70% in July as we reported in our Ethereum news today. About $100 million in BTC was moved to Ethereum and there are now about $255 million tokenized and used in ETH-based protocols. Wrapped BTC represents 76% of the total tokenized bitcoin supply as it increased by more than $96 million in July. Tokenized bitcoins allow traders and investors to denominate the transactions in…

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$5 Million In BTC Were Just Moved From 2016 Bitfinex Hack

$5 million in BTC were just moved recently from the Bitfinex hack that occurred back in 2016 as we reported previously in the Bitcoin latest news. While finding the stolen money during bank heists can be hard to trace, when it comes to crypto hacks it’s a completely different story. Hackers usually use mixing and privacy technologies as the coins they steal from exchanges and people can be tracked through the blockchain. This was shown to be the case with the BTC stolen from the Bitfinex 2016 hack. According to Whale Alert, the advanced blockchain tracker, two transactions $5 million…

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