Image Image Image Image Image Image Image Image Image Image Image Image

| June 18, 2019

Scroll to top


whales Archives -

Washington state landowners are asked to take dead whales

June 16, 2019 |

Without any more space to store the gray whale carcasses washing ashore in Washington state, a federal agency is asking if landowners can lend their properties as a final resting place for the marine mammals while they decompose.
FOX News

Off the West Coast, Gray Whales Are Starving to Death

May 17, 2019 |

Gray whales are starving to death in alarming numbers off the West Coast—and researchers aren’t entirely sure why. So far this year, at least 53 dead gray whales have washed up on shores from San Diego to Washington state, a number only rivaled by a die-off in 1999 and…

Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months

February 25, 2019 |

Bitcoin Whales Accumulate Thousands of Coins in the Last Two Months

Cryptocurrency markets experienced a long bearish cycle last year which has continued into 2019. With some of the top cryptocurrencies like bitcoin cash (BCH) and bitcoin core (BTC) losing significant fiat value, large holders, otherwise known as ‘whales,’ have been able to accumulate massive amounts of digital assets. According to the top 100 rich list addresses for both coins, the world’s richest bitcoin holders have taken full advantage of ‘weak hands’ and discounted prices.

Also read: Mt. Gox CEO Claims the Coinlab and Brock Pierce Deals Never Materialized

Large BTC Holders Gathered 150,000 Coins Since December 17, 2018

During the start of the weekend on Feb. 22, popular cryptocurrencies were coasting along after making some decent gains a few days prior. However, on Feb. 24 prices fell sharply and most coins lost 10 percent of their fiat value in a 30-minute timeframe. This type of trend has been a consistent pattern over the last 14 months. These ups and downs have allowed large BTC and BCH holders to capture coins at a cheaper rate every time prices have dropped and whales have managed to stockpile thousands of coins. Looking at the top 100 rich list addresses for both networks indicate that whale wallets increase their accumulated holdings during every large drop. The large drop on Feb. 24 was no different and whales managed to get a lot more BCH and BTC immediately after crypto prices were slashed.

Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months
Feb. 24, 2019, BTC/USD dumps 10 percent and many other cryptocurrency market prices followed the same pattern.

The rich list for the top 100 BTC holders also shows a bunch of exchanges, but these wallets are clearly labeled so the public can track them. Today, on Feb. 25, cryptocurrency exchange Bittrex has the largest BTC cold wallet with 130,005 BTC ($ 494 million). In fact, the five largest BTC addresses recorded on are all owned by exchanges Bitfinex, Bitstamp, Huobi, and Binance. Aside from exchange wallets, a good portion of large wallet owners are unknown, and observing the rich list can give people a good indication of how much influence whales have over the price.

Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months
Bitcoin cash (BCH) and bitcoin core (BTC) rich lists show large whales are growing much larger after a few rounds of market volatility.

At the moment, the 100 richest addresses have between 10,000 to 1,000,000 BTC or 16.18 percent of all BTC in circulation. From December 17, 2018 up until Feb. 25, 2019, the five largest wallets which belong to exchanges increased by 2,879 BTC ($ 10.8 million). But the remainder of the top 100 whales (some of which are smaller exchanges) managed to accumulate 151,405 BTC ($ 572 million) in less than two months. Holders who have 100-1,000 BTC (14,749 addresses) have seemingly given up a lot of coins to the much larger holders as wallets of this size have decreased from 72.13 percent to 62.08 percent.

Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months
BTC rich list figures according to The top 100 whales managed to accumulate 151,405 BTC ($ 572 million) in the last two months.

Bitcoin Cash Whales Increase Holdings

The bitcoin cash (BCH) top 100 addresses rich list shows similar findings, but the distribution of coins in circulation is quite different. Addresses that own more than 10,000 to 1,000,000 BCH comprise 195 addresses or about 26.5 percent of the BCH in circulation. The top 100 BCH addresses have seen a significant increase after each price drop and there was a lot of accumulation after the dump on Feb. 24. One particular BCH address which contains 57,889.45 BCH ($ 7.8 million) has shown a significant increase since December 2018 and over the last two months. There are 103,382 addresses with 10-100 BCH which represents approximately 20.66 percent of the coins in circulation. Even though BCH distribution is different than BTC, the massive BCH whales in the top 100 rich list are also accumulating thousands of BCH during the lows. The top five largest holders have managed to capture 138,014 BCH ($ 19.2 million) since Dec. 17, 2018.

Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months
BCH rich list figures according to on Feb. 25, 2019. The top 100 whales managed to accumulate 138,014 BCH ($ 19.2 million) in the last two months.

Another noticeable sighting is a few of the wealthiest bitcoin addresses that have been dormant for years have followed similar accumulation patterns. Because crypto prices have seemingly touched ‘bottom’ or possibly close to that point, dormant whale addresses have been moving since November of last year collecting more coins. Speculators believe these once silent whales may be trying to hoard more coins by catching the highs and lows at precisely the right time.

Large crypto holders and whales have been discussed among the cryptocurrency community for years and the tradition continues. Every time unexplainable market phenomenons occur like the price movements this past weekend, people point the blame at whales. Mapping the bitcoin wealth distribution after these events take place, however, gives a clearer presentation of large periods of BCH and BTC accumulation. Moreover, alternative cryptocurrency rich lists indicate that large holders of ethereum (ETH), litecoin (LTC), and other popular coins are stockpiling assets as well.

What do you think about BCH and BTC whales accumulating more bitcoins after the prices dump? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Trading View,, and

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from

The post Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months appeared first on Bitcoin News.

Bitcoin News


Iceland to let more than 2,000 whales be killed within the next five years

February 22, 2019 |

Only two whaling companies remain in Iceland. It’s a small industry that conservationists say is inhumane, has minimal economic benefits, and defies the international ban on killing whales. – RSS Channel – World

Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018

December 30, 2018 |

Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018

Cryptocurrencies grew immensely popular in 2017, but throughout the following year, digital asset markets fell sharply in value. However, over-the-counter (OTC) market makers thrived in 2018, with a slew of business models in the industry catering to OTC clients.  

Also Read: Aims to Offer a Cryptocurrency-Powered Patreon Alternative

Billions Swapped Using Over-the-Counter Cryptocurrency Services in 2018

Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018Even though digital currency markets dropped considerably in value in 2018, early investors and crypto whales who believe in the future of this asset class stocked up. Long term supporters will cost-average their positions by gaining as many coins as they can because they grasp the idea of digital scarcity. One business model that’s been thriving in 2018 is OTC crypto dealers or brokerage providers. Whales and big investors don’t purchase thousands of coins with traditional exchanges, because the premium for the trading fees would be outrageous. Instead, they use OTC providers like Circle, Itbit, Coincola, and Cumberland Mining. Other buyers will connect with miners and pool operators while other businesses and individuals will deal with Telegram, Wechat, and Skype OTC groups. This past April, reports revealed that cryptocurrency-based OTC desks using Skype have traded billions.

This year, many companies that had already provided digital asset exchange services have announced opening OTC desks for institutional clients. In June, Etoro announced opening an OTC platform for institutional buyers, and in May the OTC cryptocurrency service Genesis Global Trading received a Bitlicense to operate in New York. started OTC operations in September and Coinbase and Hodl Hodl announced the launch of OTC desks in November.

After China banned crypto exchanges last year, over-the-counter trading started heating up. Throughout 2018 there were reports of a flourishing and unregulated OTC market in China. Last April, an executive at Overseas Chinese Investment Management, John DeCleene, described how bitcoin mules were making lots of money smuggling the cryptocurrency into the country.

“Selling and buying bitcoins on those OTC websites is the same as shopping on Taobao,” explained one of the bitcoin smugglers in an interview with Reuters.

Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018

Average Joes Don’t Use Crypto-OTC Desks as Bulk Rates and Private Quotes Have a Minimum Membership Requirement

Last week, the crypto options market Skew gave an insightful description of how over-the-counter operations work if a customer wants to buy 1,000 BTC from an OTC desk using Telegram or Whatsapp. Tens of thousands of dollars can be saved buying in quantity and most OTC programs have a $ 50,000 or more minimum to use their services. For instance, those who want to join the onboarding process and trade with Cumberland Mining must understand that the minimum trade size is $ 100,000 before continuing to fill out the required know-your-customer (KYC) information. Cumberland has been around since 2014 and is owned by the 25-year old Chicago trading firm DRW.

“We’re dedicated to delivering professional onboarding and relationship management, timely and efficient settlements, and 247 access to a unique depth and breadth of crypto-assets,” explains Cumberland Mining’s website.

Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018
You can save lots of money by utilizing OTC services but some of them have a minimum trade requirement of $ 50,000 or more. This type of cost averaging to accumulate larger long positions is not ideal for the average Joe investor. 

OTC desks deal with a large network of mining operations and exchanges in order to serve as market makers and provide liquidity for trades. Even regulated OTC dealers use private chat rooms on Skype, Telegram, Whatsapp, and Wechat for quotes, discussions, and executing trades. Whales trading with established OTC providers use platforms that provide top of the line security like cold storage and multi-signature settlement. Like the neighborhood convenience store, a lot of the OTC desks today are open for trades 24/7.

The data stemming from 2018 and the spate of companies announcing new OTC operations indicates there’s a lot of demand for market makers executing huge trades on secondary markets. The growth of these types of businesses also shows how OTC markets have thrived despite a year of bearish cryptocurrency prices.

What do you think about the growth of over-the-counter cryptocurrency operations in 2018? Let us know what you think about this subject in the comments section below.

Images via Shutterstock, and Pixabay. 

Have you seen our widget service? It allows anyone to embed informative widgets on their website. They’re pretty cool, and you can customize by size and color. The widgets include price-only, price and graph, price and news, and forum threads. There’s also a widget dedicated to our mining pool, displaying our hash power.


The post Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018 appeared first on Bitcoin News.

Bitcoin News

Previously Inactive Whales Are Moving Large Amounts of BTC

December 6, 2018 |

Earlier this week, armchair sleuths began pointing out that large amounts of cryptocurrency from long-dormant addresses have been on the move. For instance, one wallet that’s been inactive since its inception in 2013 moved 66,452 BTC — worth around $ 245 million — to an unknown address. Hours later, a few more addresses from the top 20 rich list moved another $ 728 million worth of BTC.      

Also read: Eight Historic Bitcoin Transactions

More Than $ 1.5B Moved From Dormant BTC Wallets

Cryptocurrency markets have been dreadfully bearish lately and have lost considerable value. Some people have blamed whales, as those who hold large quantities of digital assets are known, for dumping coins on markets to scare people enough to panic sell, so they can then scoop up more at cheaper rates.

Traditionally, during such bearish times, bitcoin enthusiasts have concocted all kinds of crazy theories about these massive holders. But it doesn’t help when big whales actually start moving large amounts of BTC from wallets that have been inactive for years.

Previously Inactive Whales Are Moving Large Amounts of BTC

On Tuesday, according to data from the Whale Alert bot and various blockchain explorers, more than $ 1 billion worth of BTC was shifted out of four dormant addresses to other wallets. The following day, more than 151,000 BTC — valued at over $ 562 million — was moved from other long-inactive wallets to a number of previously unknown addresses.

But big holders of cryptocurrency are not just moving BTC. Large sums of ETH, XRP, BCH and all of the stablecoins have also been shifting around. In one instance on Dec. 5, a bitcoin cash transaction worth around $ 13 million was done for less than a penny. And the night before the BCH hard fork on Nov. 15, an address moved more than 1 million BCH ($ 300 million) to another wallet.   

Internet detectives later discovered that the owner of the wallet that shifted 66,452 BTC had actually moved a whopping 608,000 BTC, valued at roughly $ 2.5 billion. According to one person investigating the matter, the 608,000 BTC was moved by one entity in a five-day period to roughly 76 different wallets. “The coins didn’t move out since 2013-2015,” explained a Twitter user named Spiry.

Whale Watching in Crypto Bear Markets

Whale sightings are a hot topic this year, as people have noticed a number of big movements in recent months. Back in February, most cryptocurrencies had already lost 60 percent of their value after touching all-time highs in mid-December 2017. At the time, reported that the top 100 biggest BTC addresses had made a lot more money due to the bearish decline.

In fact, many of those whales had sold their holdings one to three months prior to the big dips in value, only to later gather more coins once they had become cheaper. Then in May of this year, cryptocurrency enthusiasts once again started talking about Nobuaki Kobayashi, the Mt. Gox trustee who had previously revealed plans to sell tens of thousands of BTC and BCH that had been held in the custody of the Japanese court system.

Previously Inactive Whales Are Moving Large Amounts of BTC

Mysterious movements of large sums have fueled a lot of speculation during the past year of continuous price declines. Similar whale movements and big BTC settlements were also seen during the bear market of 2014-15. But at that time, instead of talking about whales like the Mt. Gox trustee, bitcoiners were mainly discussing the U.S. Marshals Service’s sale of thousands of BTC that had been seized in the Silk Road bust. There are a lot of similarities between then and now — whales moving coins to wallets and exchanges are not out of the ordinary.

What do you think about the recent reports of whales moving large sums of BTC and other coins? Let us know in the comments section below. 

Images via Shutterstock, Twitter, Whale Alert, Pixabay, and Jamie Redman

Need to calculate your bitcoin holdings? Check our tools section.

The post Previously Inactive Whales Are Moving Large Amounts of BTC appeared first on Bitcoin News.

Bitcoin News

200 Whales Die in New Zealand in the Past Week

December 1, 2018 |

Fifty-one pilot whales died Friday in another mass stranding in New Zealand, the AP reports, less than a week after 145 pilot whales and nine pygmy killer whales perished in two other, unrelated strandings. In the latest stranding, up to 90 pilot whales beached themselves late Thursday at Hanson Bay…


More than 140 whales dead after mass stranding in New Zealand

November 26, 2018 |

As many as 145 whales have died after being found stranded on a remote beach in New Zealand, conservation officials said Monday. – RSS Channel – World

In Dead Whale’s Belly, a Horrifying Collection of Plastic

November 20, 2018 |

A dead whale that washed ashore in eastern Indonesia had a large lump of plastic waste in its stomach, including drinking cups and flip-flops, reports the AP . The discovery caused concern among environmentalists and government officials in one of the world’s largest plastic-polluting countries. Rescuers from Wakatobi National Park found…

The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at Bitcoin

October 11, 2018 |

The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at Bitcoin

In today’s edition of The Daily, we look at the cryptocurrency entrepreneurs who now rank among the richest people in China, the limited return to operations of 1Broker, and a rather amusing attempt to explain Bitcoin to older folks by the AARP.

Also Read: London’s LBX Launches Solution for Bank-Shunned Crypto Companies

China’s Wealthiest Whales

The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at BitcoinThe Hurun China Rich List 2018, the Chinese answer to the Forbes 400, was released on Wednesday and for the first time includes a total of 14 people working in the cryptocurrency space. This is the 20th annual ranking of the richest individuals in China, with a wealth cut-off of 2 billion yuan ($ 290 million). A total of 1,893 individuals made the list this year.

Two Bitmain executives — Zhan Ketuan (95th place with 29.5 billion yuan), age 39, and Jihan Wu (204th place with 16.5 billion yuan), age 32 — led the way. The third Chinese crypto whale, 41-year-old Binance founder Zhao Changpeng, took 230th place on the list at roughly 15 billion yuan. The report also noted that the blockchain industry is now officially the fastest-growing source of billionaires in China.

Other well-known crypto personalities on the list include Okex’s founder Star Xu, with 10 billion yuan, who took 354th place, as well as Leon Li of Huobi, who was ranked 556th, with 7 billion yuan.

1Broker to Start Processing
Withdrawal Requests Today

Marshall Islands-registered contracts-for-difference broker 1pool Ltd., which operates the 1Broker brand, has announced that the company will revive some if its functions today. The team tweeted that they will start processing clients’ withdrawal requests at 12:00 (UTC).

Three U.S. agencies took action against the international, bitcoin-funded securities dealer last month, including seizing its website domain for a period. The U.S. authorities alleged at the time that an undercover special agent with the Federal Bureau of Investigation “successfully purchased several security-based swaps on 1Broker’s platform from the U.S. despite not meeting the discretionary investment thresholds required by the federal securities laws.”

‘A Bunch of Computer Code’

The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at BitcoinIt can be very difficult to explain the invention of cryptocurrency in a sentence or two, given that it’s a topic involving cryptography, computer science and economics. This is particularly true if one is trying to reach an audience that might be frightened or put off by new technologies and unfamiliar terms.

The AARP (formerly the American Association of Retired Persons) published a glossary of “Wall Street buzzwords” this week to help senior citizens improve their financial literacy and cut away the confusion when talking with high-finance big shots. But the list took a somewhat funny swipe at Bitcoin, while echoing some particularly tired tropes.

The glossary defines Bitcoin as “a bunch of computer code that a bunch of criminals, idealists and speculators agree is worth ‘real’ money. Sadly, its real-money value swings widely, making it impractical except for criminals, idealists and speculators.”

The AARP also defines Blockchain as: “1. A different bunch of computer code containing an unalterable record of a series of transactions. The most famous is a digital ledger recording all bitcoin transfers. 2. A word often uttered by companies hoping to snare investors’ attention — and dollars.”

The rest of the terms were also written in a comical way. For example, one entry defines an ETF as “marry a mutual fund to a stock and this is their baby.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from

The post The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at Bitcoin appeared first on Bitcoin News.

Bitcoin News