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A crypto whale is moving hundreds of millions of dollars worth of Bitcoin (BTC<\/a>) to Binance, the world\u2019s largest crypto exchange platform by volume.<\/p>\n New data from market intelligence firm Lookonchain shows<\/a> the deep-pocketed investor started moving massive amounts of Bitcoin to Binance on June 27th \u2013 and just moved hundreds of more BTC to the exchange.<\/p>\n As of July 8th, the whale has moved more than $468 million worth of Bitcoin to Binance.<\/p>\n \u201cThe whale deposited 809 BTC ($45.18 million) to Binance again [July 8th]. He has deposited 7,790 BTC ($468 million) to Binance since June 27th and currently holds 6,559 BTC ($379 million).\u201d <\/em><\/p>\n The German government is also continuing to move<\/a> large amounts of Bitcoin to crypto exchanges, according to Lookonchain.<\/p>\n \u201cThe German government transferred 1,000 BTC ($55.8 million) out again [on July 8th], of which 500 BTC ($27.9 million) was deposited to Coinbase and Bitstamp.\u201d <\/em><\/p>\n Germany was first spotted<\/a> moving Bitcoin to exchanges in June. The BTC was seized by German authorities as part of an investigation into Movie2k.to, a now-defunct illegal streaming site that was accused of distributing more than 880,000 pirated films between 2008 and May 2013.<\/p>\n The\u00a0Dresden Public Prosecutor\u2019s Office said that the two operators of the site purchased Bitcoin using the proceeds of their illicit activities. Police confiscated nearly 50,000 BTC worth $2.17 billion at the time.<\/span><\/p>\n Bitcoin is trading for $55,905 at time of writing, down more than 11% in the last seven days.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A crypto whale is moving hundreds of millions of dollars worth of Bitcoin (BTC) to Binance, the world\u2019s largest crypto exchange platform by volume. New data from market intelligence firm Lookonchain shows the deep-pocketed investor started moving massive amounts of Bitcoin to Binance on June 27th \u2013 and just moved hundreds of more BTC to […]<\/p>\n","protected":false},"author":2,"featured_media":144590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-340151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=340151"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340151\/revisions"}],"predecessor-version":[{"id":340159,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340151\/revisions\/340159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/144590"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=340151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=340151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=340151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n