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Coinbase, the leading U.S.-based crypto exchange, transferred 256 million XRP coins, according to the popular crypto monitoring portal Whale Alert. A $1.13 XRP pricing equates to $300,776,300 USD in Bitcoin.

Coinbase Trades 256 million XRPs.

XRP tracking portal Bithomp has disclosed that the transfer took place inside Coinbase’s internal wallets, according to its records. As reported by CoinDesk, the Nasdaq-listed crypto trading platform stopped XRP transactions in January, along with many other prominent platforms like Bitstamp and Binance US, after the U.S. SEC filed a lawsuit against Ripple Labs in December 2020.

Since SEC head Gary Gensler had to present a clear strategy on crypto policy to Democratic Senator Elizabeth Warren on July 28, the public anticipated Coinbase to restore XRP on its network that day. Representative of the Democratic Party, he also serves as head of the Division on Fiscal Policy of the Senate Banking Committee.

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A prominent opponent of cryptocurrency in general, she believes that cryptocurrencies impose significant hazards on users and financial systems because of their high liquidity rate

Binance; 100 Million XRP Transferred to Huobi

Whale Alert similarly identified large XRP transfers previously this week. 100 million XRP coins were delivered in two chunks by Binance, a leading cryptocurrency exchange (60 million and 40 million XRP). Huobi, the largest crypto market in China, was the beneficiary.

Cryptocurrency Accepted at 5-Star Hotel in Swiss Alps

The Chedi Andermatt, a luxury five-star resort in the Swiss Alps, has begun taking Bitcoin and Ethereum payments, according to Swiss publication “Blick”. When paying upwards of 200 Swiss francs (approximately $218), the hotel’s customers can now pick one of the two major cryptocurrencies. This was not a choice that was taken on the spur of the moment. It has been 4 years since the hotel considered accepting cryptocurrency payments.

Jean-Yves Blatt believes that perhaps the Chedi Andermatt has now opened its doors to the newfangled coinage because of the rising adoption of Bitcoin throughout the globe. “We’ve understood for a long time that cryptocurrencies have a place in hotel management”, He said.

In addition, the hotel boasts an impressive 123 luxurious suites, all with Hästens box spring mattresses. A Michelin-starred Japanese cuisine, spas, yoga sessions, and a fitness facility are also available. If you’re looking for recreational activities, the hotel has a country club, sports facilities, and more. In appealing to crypto billionaires, the hotel has made the right decision by offering twin suites for as little as 500 francs ($544) per night.

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Alicia Maher

By Alicia Maher

Alicia Maher is an accomplished news writer with a passion for storytelling. With years of experience in the field, she is skilled at delivering accurate, engaging, and insightful news coverage to her audience.