Bitfinex has announced that it has integrated on Pulse the Whale Alert real-time information service concerning high-value cryptocurrency transactions.
Yesterday Bitfinex announced the launch of its social network dedicated to traders, Pulse, and today it has already announced the first partnership.
This probably isn’t a surprise at all, considering that the transactions monitored by the Whale Alert service can be quite useful for traders.
Whale Alert has now established itself as a source of very useful information within the digital asset industry and the integration of their service on Bitfinex Pulse aims to improve the value of this newborn social network designed precisely to provide useful and high-quality information on crypto markets in real-time.
The service provided by Whale Alert consists of real-time monitoring and analysis of millions of blockchain transactions every day, which are then converted into a standard format and stored in their databases. This allows Whale Alert’s tracking software to instantly identify transactions from and to known addresses and those with more significant amounts.
Whale Alert’s co-founder, Frank van Weert, commented on this partnership saying:
“At Whale Alert we are glad to be able to provide both amateur and professional traders with important blockchain data through Pulse”.
Bitfinex’s CTO, Paolo Ardoino, added:
“The addition of Whale Alert represents an important plank in enabling us to achieve our vision for Bitfinex Pulse, namely a service that provides high-quality, real-time data and trustworthy news”.
This is not the first time Whale Alert has worked with exchanges. For example, in May 2019, it provided support to Binance after the theft of 7,000 BTC to help track stolen bitcoin movements so it could intervene if they were used.
In addition, over the course of the months, it achieved notoriety in the crypto industry, as a result of publishing tweets alerting huge transactions, such as the $1 billion transaction in September 2019.