In the advent of cyrptocurrency, another surprising things happened when an anonymous Ether or Ethereum trader has earned more than $200 million in just a month.
This is not a hoax, the owner of the identification code for virtual wallet: 0X00A651D43B6E209F5ADA45A35F92EFC0DE3A5184 that’s made more than $200 million in just over a month.
Supposedly, this unknown trader was able to raise their cryptocurrency assets from $55 million to $283 million in that short span of time; a 413 percent accumulated profit from Ethereum blockchain’s digital money, ether.
The good thing or let’s just say it cool feature of Ethereum is that all wallets around the world are transparent and open for everyone to see.
Maybe others may question the possibility of this incredible earnings, but with the performance of the said cryptocurrencies in the market today it is really possible.
According to Bloomberg, recently, the values of both bitcoin and ether have been going up. The total value of cryptocurrencies reached an all-time high on June 6 when it surpassed $100 billion.
Meanwhile, talking about security and even anonymity of the cryptocurrencies, experts are asking whether anonymity is beneficial or not. It’s certainly one of the key reasons cryptocurrencies are becoming so popular.
“One of its more important features is that you don’t have identities tied to this,” Spencer Bogart, research head at venture firm Blockchain Capital, told Bloomberg.
“This financial privacy is an important characteristic,” Bogart added.
Based on the draft online currency legislation of the European Parliament says “The credibility of virtual currencies will not rise if they are used for criminal purposes,”
“In this context, anonymity will become more a hindrance than an asset for virtual currencies,” the draft noted.
As of the moment, Ether has seems benefited from the rise of Initial Coin Offering (ICO), the Ethereum is working to make their transactions even more efficient and powerful.