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Crypto News: 50 million euros worth of bitcoin moved

Crypto News: 50 million euros worth of bitcoin moved

Welcome to another new crypto news summary. All the important news and events within the world of cryptocurrency from last week are summarized for you below so that you are completely up to date again before you head into the weekend. Read on to find out!

50 million euros in bitcoin moved by mega investor

Bitcoin (BTC) transactions are publicly available to all, which is consistent with the transparent nature of the blockchain. Although most transactions are mundane, notable ones occasionally emerge. Recently, a very wealthy Bitcoin owner moved a significant amount of Bitcoin to another wallet.

These types of wealthy players in the Bitcoin network are called "whales." The behavior of these large holders can provide interesting insights, given the huge amounts of money involved.

On Oct. 19, 2017, this whale received a large amount of about 2,100 bitcoins, worth about $11.8 million at the time. With the current value of Bitcoin, this amount now represents about $57.5 million, and this entire sum was recently moved to a new wallet.

Elon Musk wants pay wall for X

Since the end of last year, Elon Musk officially owns the largest equity stake in Twitter. Since then, some significant changes have been made. For example, he has changed Twitter's official name to "X. The platform suffers from significant numbers of automated bots, and Musk has indicated that he wants to address this problem. He proposes making the entire platform accessible only for a fee, as a measure to combat the bots.

This is not the first time Musk has complained about bots and suggested that he wants to introduce a pay wall. Elon Musk also has a stated fondness for Dogecoin (DOGE). The owner of X changed the little bird from the previous Twitter logo to a DOGE icon earlier this year.

Recently, Twitter was officially licensed to process crypto payments. Because of his fondness for DOGE, there are rumors that he wants to use this altcoin as a payment method on X. Whether the memecoin will actually be used is not yet clear.

Ethereum project gives away millions in upcoming airdrop

The Ethereum project Optimism (OP) has announced an airdrop of the OP token. It involves a total value of $26 million that will be distributed to active governance participants.

Also known as Optimistic Ethereum, Optimism is a Layer 2 scaling solution for the Ethereum (ETH) network. Optimism aims to increase the throughput of the Ethereum network and reduce transaction costs.

This airdrop is being launched under the name "Airdrop 3," very appropriate since it is the platform's third airdrop. 19.4 million OP tokens will be distributed to 31,000 unique addresses. Airdrop 3 is intended to reward governance participants who missed the first airdrops. In doing so, the platform aims to increase engagement among Optimism users.

Polkadot's blockchain adds USDC

USD Coin (USDC), the number two stablecoin by market capitalization, has been busy gaining ground within the crypto market lately. Several blockchains have welcomed the stablecoin recently and Polkadot (DOT) is now doing the same.

On Sept. 19, it was announced that USDC officially launched on the Polkadot network. The stablecoin will be offered on Polkadot's "Asset Hub," this will allow all individual blockchains operating in parallel within the Polkadot ecosystem to adopt the stablecoin.

About a month ago, Circle, the publisher of USD Coin, announced that USDC will be launched on six new blockchains. The counter in terms of the number of supported networks now stands at fourteen.