Fun

News Feed - 2023-07-24 10:07:42

Brayden Lindrea7 hours agoSleeping Bitcoin wallet stirs after 11 years, moving over $30MThe anonymous Bitcoin whale is up over 600,000% from their 2011 purchase of BTC at $4.92.11947 Total views224 Total sharesListen to article 0:00NewsJoin us on social networksA dormant Bitcoin (BTC) wallet holding over 1,037 Bitcoin — worth $31 million at current prices — has suddenly awoken after an 11-year slumber, transferring out its entire stash. 


The 1,037 BTC was transferred amid a Bitcoin price of $29,956 and took effect at block height 799701, or approximately 10:51 am UTC on July 22, according to BitInfoCharts.


The long-dormant address obtained the 1,037 BTC on April 11, 2012, when Bitcoin"s price was only $4.92, on-chain analytics platform Lookonchain stated on July 22. This means at the time, the stash was only worth around $5,108.A BTC whale that has been dormant for 11 years transferred all 1,037.42 $BTC($37.8M) to a new address"bc1qtl" an hour ago.

The whale received 1,037.42 $BTC($5,107 at that time) on Apr 11, 2012, when the price was $4.92.https://t.co/k8ZmO5vc8X pic.twitter.com/xBaw2dQfY8— Lookonchain (@lookonchain) July 22, 2023


Data from blockchain aggregator Blockchair shows that wallet address “bc1qt180…” — which appears to be a fresh wallet — was the recipient of the $31 million. 


The balance of the original Bitcoin wallet peaked at $71.6 million when BTC reached its all-time high of $69,044 on Nov. 10, according to cryptocurrency price platform CoinGecko.


The United States government has been one of the biggest BTC movers of late, having transferred out nearly 10,000 BTC — worth $299 million — in a series of transactions on July 12 in relation to the Silk Road seizure.


It isn’t clear whether the transactions were sent to cryptocurrency exchanges or if it remains in the custody of the Justice Department.More mysterious wallet movements


On June 11, another mysterious Bitcoin whale moved 1,400 BTC — worth $36 million at the time — to a Pay-to-Taproot address. CryptoQuant CEO Ki Young Ju believes the motive behind this transaction may have been to enhance privacy.


Earlier in April, another Bitcoin address transferred 2,071 BTC — worth $60 million — nearly 10 years after catching BTC at $663, according to Lookonchain.


Three months earlier, a massive $250 million transfer of 26,056 BTC was made by another Bitcoin address. At BTC’s all-time high, the wallet was worth more than $1 billion.


Related:Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA


Despite a few high-value transfers, over 55% of BTC hasn’t moved in over two years, according to a chart by on-chain analytics firm Glassnode, which was shared by cryptocurrency researcher Will Clemente:Dormant Bitcoin is the best #Bitcoin

By @WClementeIII

https://t.co/RwcCWOdIod— Miklos Denkler (@MiklosDenkler) July 23, 2023


BTC is currently priced at 30,082. While Bitcoin’s price has increased 81.8% in 2023, it is still down 56.4% from its all-time high reached in November 2021, according to CoinGecko.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Hall of Flame: Wolf Of All Streets worries about a world where Bitcoin hits $1M# Bitcoin# Bitcoin Wallet# Analysis# Bitcoin Analysis# Price AnalysisAdd reactionAdd reactionRelated NewsCan memecoins be used as real currency?Bitcoin mining is becoming more environmentally friendlyThe last Bitcoin: What will happen once all BTC are mined?Crypto mass adoption is coming, but how fast?Bitcoin ETFs: Even worse for crypto than central exchangesBitcoin Ordinals volume hits $210M in Q2 — DappRadar

News Feed

German Ramirez11 hours agoIf blockchain projects sold cars: Facts vs. feelings in Web3 marketingBut the masses — your main audience — don’t care about how it works. They care about how it meets their needs.411 Tota
Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher Ahead of Today’s Rate Decision
Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher Ahead of Today’s Rate Decision Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to
Crypto Businessman Disappears as ‘First Greek Cryptocurrency’ Collapses
Crypto Businessman Disappears as ‘First Greek Cryptocurrency’ Collapses The man who was at the helm of the company behind what’s become known as Greece’s first cr
So-Called ‘Pharma Bro’ Martin Shkreli Turns ‘Crypto Bro’ — ‘I Started Using Uniswap in Prison’
So-Called ‘Pharma Bro’ Martin Shkreli Turns "Crypto Bro" — "I Started Using Uniswap in Prison" Following his release from prison, the former hedge fund manager and convicted
Pepe Battles Price Decline, But Analysts Signal A Potential Rally Ahead
Este artículo también está disponible en español. Pepe [PEPE] is currently trading at approximately $0.000000900 and is undergoing a challenging period. The Relative Stre
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down
Cleveland Fed President Loretta Mester Is "Not Predicting a Recession," Says Inflation Will Move Down Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a
Top US Food Co-Op to Track Seafood Using Mastercard’s Blockchain Tech
A food provenance platform utilizing blockchain technology from Mastercard is see real-world use by a U.S. food co-operative giant. Announced Sunday, Envisible – a firm providing
Hollywood Star Ryan Reynolds on Crypto: ‘It’s Emerging as a Huge Player’
Hollywood Star Ryan Reynolds on Crypto: "It"s Emerging as a Huge Player" Famous actor Ryan Reynolds says crypto is “emerging as a huge, huge player.” The Hollywood st
Biggest Movers: DOGE Extends Recent Declines, Falling by Nearly 15% on Friday
Biggest Movers: DOGE Extends Recent Declines, Falling by Nearly 15% on Friday Dogecoin fell for a third consecutive session on Friday, with the token dropping by almost 15% in toda
Why did Fetch and SingularityNET AI-tokens just surge 30%?
Zoltan Vardai7 hours agoWhy did Fetch and SingularityNET AI-tokens just surge 30%?Both AI tokens Fetch and SingularityNET staged a strong price recovery after a three-month downtrend.1613 Total views2 Total sharesListen
Dogwifhat leads the market with 13% gain — What’s driving WIF price?
Nancy Lubale30 minutes agoDogwifhat leads the market with 13% gain — What’s driving WIF price?WIF booked a double-digit rebound to outperform memecoins, Bitcoin and altcoins which remain in sell-off mode.143 Total vi
Biden pressured to intervene in US citizens detention by Nigeria
Amaka Nwaokocha12 hours agoBiden pressured to intervene in US citizens detention by NigeriaThe Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significa