Fun

2 ‘Sleeping Bitcoin’ Block Rewards From 2010 Wake up After Sitting Idle for More Than a Decade

News Feed - 2022-02-19 02:02:54

2 "Sleeping Bitcoin" Block Rewards From 2010 Wake up After Sitting Idle for More Than a Decade


During the last week bitcoin’s USD value has shed close to 9% as it slipped from $44,239 per unit two days ago, to below the $40K range on Friday. Meanwhile, in the last 24 hours, two sleeping bitcoin block rewards from 2010 woke up after more than a decade of sitting idle. The 100 bitcoins minted in the early days were sent with little concern for privacy, and were worth more than $4 million at the time of transfer. Blockchain Parsers Catch 2 Block Rewards From 2010 Move 100 Bitcoin In the last 24 hours, two bitcoin (BTC) block subsidies stemming from 2010 were caught by blockchain parsers, after the addresses transferred 100 bitcoin. At the time of the transfers, BTC was swapping hands for roughly $40K per unit. The first transaction caught by btcparser.com was a 50 BTC coinbase reward that was minted on July 14, 2010, or over 11 years ago. The transaction was transferred to an empty address that now holds 49.99000615 BTC, and was confirmed at block height 723,812. The transfer was parsed by btcparser.com on February 17, 2022, at 10:01 p.m. (UTC). The red circled yellow dots represent the two block rewards from 2010 that were transferred on Thursday and Friday. Metrics from blockchair.com gave the first transaction, a privacy score of 0, which is a “critical” privacy rating. Blockchair.com says the transfer had “four vulnerabilities discovered for the privacy involved in this address.” For instance, “matched addresses” were identified in the BTC transaction. The next block reward worth 50 BTC was also caught by btcparser.com on February 18, 2022, at 2:00 p.m. (UTC). Privacy on this particular transfer was a bit higher, as it scored a 45 according to Blockchair.com’s privacy meter. “Three vulnerabilities [were] discovered for the privacy involved in this address” including “matched addresses.” Both BTC block subsidies for 50 bitcoin per reward were both minted within two days of each other. While the first transaction spent on Thursday was minted on July 14, 2010, the transfer on Friday was a block reward minted two days later on July 16, 2010. There haven’t been that many 2010 BTC block subsidies spent in 2022. There was one 50 BTC block reward from 2010 spent last month on January 22, and the funds transferred at block height 719,822. So far, the two spent on Thursday and on Friday this week were the only two 2010 block rewards transferred this month. The total since the first of the year equates to approximately three block rewards from 2010 spent in 2022. 2022 has not seen the mystery whale from 2010 that has transferred thousands upon thousands of old block rewards minted that year. In addition to the two block rewards from 2010 spent on February 17 and 18, btcparser.com caught 100 BTC from June 21, 2011, transfer to another wallet after more than a decade at block height 723,909. Tags in this story 2010, 2010 block rewards, 2010 blocks, 2010 BTC block subsidies, 2011, 50 BTC, Bitcoin, Bitcoin (BTC), Block Height, block rewards, block subsidy, Btcparser.com, Decade-Old, Issued, minted, mystery whale, parse the blockchain, parsing blockchain, sleeping bitcoin, transferred bitcoin, Virgin Bitcoins, wake up, woken bitcoin


What do you think about the two 2010 bitcoin block rewards waking up and the 100 bitcoin from this era transferred during the last 24 hours? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials NEWS | 3 hours ago Bank of Spain Approves Its First VASP License NEWS | 9 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleTrudeau’s Government Warns More Accounts Will Be Frozen — Freedom Convoy Truckers Hold Their Ground Next articleTechnical Analysis: SOL, LUNA and AVAX All Down on Friday Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItIndia Won"t Legalize or Ban Crypto at This Stage, Finance Minister Confirms


India"s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that ... read more.PUBG Developer Parent Company Krafton to Work On NFT and Metaverse Related Projects McDonald’s Trademark Filings Hint at Fast Food Giant"s Intent to Produce Metaverse Restaurants Global Regulators "Going Full Steam" on Crypto — Official Says "Current Structure Is No Longer Fit for the Purpose" JPMorgan Predicts Long-Term Bitcoin Price of $150K — Outlines Challenges Ahead

News Feed

Dogecoin’s Fate Hinges On $0.16—Breakout Or Breakdown Ahead?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62%
Value Locked in Defi Swells by $7 Billion, Tron"s TVL Spikes 34.85%, Ethereum Dominates by 62% After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in d
Bitcoin Email Scams 2020: Threatening Blackmail Tactics Used to Demand BTC
Bitcoin Email Scams 2020: Threatening Blackmail Tactics Used to Demand BTC The number of bitcoin email scams has been growing in 2020 and the authorities in several countries have w
Bitcoin Cash Captured More Than 10% of Darknet Vendors Last Month
Bitcoin Cash Captured More Than 10% of Darknet Vendors Last Month 2019 was an interesting year for darknet markets (DNMs) and a number of marketplaces closed for a variety of rea
Alibaba’s NFT Marketplace Allows Content Creators to Copyright Work via Blockchain IP Service: Report
Alibaba"s NFT Marketplace Allows Content Creators to Copyright Work via Blockchain IP Service: Report The Chinese multinational technology giant, Alibaba Group,
‘Party Starters’: Stellar Event Sees Frank Discussion of Crypto Market Makers
MEXICO CITY — If a startup hopes to release a token without embarrassing itself in the early days, there is one important thing it should do: hire a market maker. That was the mes
DeFi market stages a comeback as derivatives surge
Shiraz Jagati11 hours agoDeFi market stages a comeback as derivatives surgeOnchain derivatives fuel DeFi’s resurgence, with daily volumes reaching $5 billion amid rising competition.633 Total views3 Total sharesListen
Bitcoin miner Marathon Digital to join S&P SmallCap 600, shares jump 18%
Brayden Lindrea8 hours agoBitcoin miner Marathon Digital to join S&P SmallCap 600, shares jump 18%Marathon Digital will officially be added to the index fund on May 8.3564 Total views6 Total sharesListen to article 0
Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms
Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms During the first week of July, bitcoin prices have risen to their
Bitcoin ETF volumes hit 7-week high as BTC price nears $67K
William Suberg44 minutes agoBitcoin ETF volumes hit 7-week high as BTC price nears $67KBitcoin ETFs see daily volumes of nearly $6 billion in a return to levels not seen since late March, with BTC price hitting new May h
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry
Morgan Creek CEO Says FTX Co-Founder SBF Was a "Pawn" Used to "Punish" the Crypto Industry Following FTX’s collapse, many industry executives, influencers, luminaries, and p
FCA crypto regulators will take the best from TradFi and DeFi, says exec
Helen Partz11 hours agoFCA crypto regulators will take the best from TradFi and DeFi, says execThe United Kingdom’s FCA has been combining different approaches to regulating the crypto market to see which one would wor