An Ancient Bitcoin Stash Worth $7.8 Million Just Moved After A Decade Of Slumber

An Ancient Bitcoin Stash Worth $7.8 Million Just Moved After A Decade Of Slumber
фото показано с : zycrypto.com

2023-4-22 01:16

An ancient Bitcoin address that laid practically dominant for over a decade came back to life on Friday — transferring 279 Bitcoins worth $7.8 million to new wallets.

Another Dormant Bitcoin Whale Awakens

A Bitcoin whale that had not transacted in over 10 years suddenly came online today.

In October 2012 and May 2013, the wallet received some 1,128 Bitcoin ($31.6 million), according to on-chain analytics firm Lookonchain. Back then, Bitcoin was worth $12 and $195, respectively. No coins went in or out of that wallet until today when the owner transferred $279 BTC worth approximately $7.8 million to three different addresses.

A decade ago when the wallet received its 1,128 bitcoin, investors may have had limited expectations about the price of the OG cryptocurrency and traded it as if it was chump change. At current prices, people who held onto the crypto basically became Bitcoin whales.

This latest transfer came just a day after another ancient wallet moved 2,071.5 BTC — worth $60.7 million — after lying dormant for over nine years. This particular whale acquired 6,071.5 BTC on Dec. 19, 2013, when Bitcoin’s price was around $663.

While sizable Bitcoin trades occur on a daily basis, it’s not often that coins that old see the light of day again. Some suggest that when old coins are being spent more often, it may indicate a shift in confidence to hold the crypto asset — often spurred by periods of market volatility.

Bitcoin continued its slump Friday for the third consecutive day, dropping 2.33% over the last 24 hours to just above $28,000 as traders seem to move away from risky assets. The top crypto has lost around 8.06% since last Friday. Bitcoin’s slide dragged the rest of the crypto market with it, with the total market capitalization of all cryptocurrencies dropping by 2.4% to $1.23 trillion, per CoinGecko data. 

All in all, one positive development for the crypto world on Thursday: the European Parliament passed the long-awaited MiCA crypto law, becoming the first major jurisdiction to do so.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97210.81 (+0.42%)
Объем 24H $98.913b
Изменеия 24h: 3.16 %, 7d: 9.00 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1922.789b Rank 1
Цена в час новости $ 27321.48 (255.8%)

decade worth million bitcoin ancient life came

Источник: zycrypto.com

decade worth → Результатов: 42


How Blockchain Technology Can Play a Role in Preserving Natural Capital

Blockchain and crypto are changing major industries around the world. From banking to supply chains, it revolutionizes several aspects across businesses and industries of all sizes. The crypto market which was only worth $1 billion almost a decade ago, has now exploded into a massive $2 trillion industry and what originated with the Bitcoin blockchain, has evolved into a full-fledged crypto ecosystem with over 18000 different projects.

2022-4-27 12:46


Hillstone: An M&A Fund Breaking Barriers of Entry in the Financial Markets

A new chapter for regular retail traders has come, bringing with it the ability to maneuver the financial markets in the same way as accredited investors. The past decade has seen explosive growth in venture capital investment with records showing a whopping $118 billion worth of investment in contracting venture capital firms targeting early-stage companies […]

2021-8-3 19:35


Фото:

Bitcoin At $180k Could Happen This Decade Depending On This One Single Factor

According to the Weiss Cryptocurrency rating platform, the price of Bitcoin could trade near $180,000, which is currently 20 times what it is presently worth. The brief further states that this could happen within the next 10 years, meaning that Bitcoin could possibly rise to the aforementioned price between now and 2030.  But what guarantees […]

2020-6-21 09:24


In-person meatspace protocol to prove unconditional possession of a private key

Recommended pre-reading: https://ethresear. ch/t/minimal-anti-collusion-infrastructure/5413 Alice slowly walks down the old, dusty stairs of the building into the basement. She thinks wistfully of the old days, when quadratic-voting in the World Collective Market was a much simpler process of linking her public key to a twitter account and opening up metamask to start firing off votes.

2019-10-2 04:03


USA Leads with Russia, Brazil & Turkey in Tow as Countries Actively Buying Cryptoassets: DataLight Report

Bitcoin market today is worth over $90 billion and the entire market capitalization is at $170 billion that at its peak has been more than $800 billion. What started out as a few tech hobbyists mining bitcoin a decade back has now exploded into an international industry today worth billions of dollars and in the […]

2019-4-30 18:40


Фото:

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

2019-2-5 23:06


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Coinbase will delist Wrapped Bitcoin (WBTC) next month

Coinbase will delist WBTC on December 19, 2024, due to unmet listing criteria. WBTC will be moved to limit-only mode, with withdrawals still accessible. Coinbase’s cbBTC, launched in September, has been gaining market share in wrapped Bitcoin.

Thumzup to add Bitcoin payments for gig economy workers

Thumzup will soon pay its gig workers via Bitcoin. The Nasdaq-listed media and marketing firm recently added BTC as a treasury asset. Thumzup, the media marketing company that recently adopted a Bitcoin (BTC) strategy with a $1 million purchase, has announced plans to add crypto payments for gig economy workers.