Crypto News: 10 Year-Old Satoshi Era Bitcoin Wallet Comes To Life

Dormant Bitcoin Wallet Moves 279 BTC

Taking into account the price of Bitcoin at the time of writing, the amount of Bitcoin that is stored in the crypto wallet would translate to be around roughly 31 million USD. This comes on the heels of another Bitcoin whale transferring 2,071.5 BTC yesterday — which is equivalent to 60.7 million USD — after a lengthy nine-year hiatus.

Read More: Gary Gensler Gets Rare Support On Crypto From Former SEC Chair

While many fear an incoming BTC dump due to such developments, most of the transactions have been made to other standalone Bitcoin wallets rather than crypto exchanges.

Reason Behind Reawakening?

Although the fact that the cause for the move is unknown, there is widespread conjecture that some long-time crypto HODLers are moving old funds to new wallet addresses in the midst of a massive wallet-draining operation that is purportedly targeting old wallets. On the other hand, some users opine it to be a normal movement of funds to wallets like hardware wallets which tend to offer greater security.

Trending Stories
Ethereum (ETH) Withdrawn After Shanghai (Shapella) Upgrade: Details
ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead
24/7 Cryptocurrency News
pepe coin crypto news
PEPE Price Prediction: This Chart Pattern may Determine if PEPE Token Price will Rally 70% or Fall 40%
24/7 Cryptocurrency News
bitcoin news crypto
Bitcoin Price Reversal from a Healthy Retracement Level Hints 6% Jump; Enter Today?
24/7 Cryptocurrency News
Cardano Price Prediction
ADA Price Prediction: Healthy Retracement to Key Fibonacci Level Prepares Cardano Price for 16% Rally
24/7 Cryptocurrency News
XRP ripple crypto news price
XRP Price Prediction: XRP Price Correction Halts at a Crucial Fibonacci Support; Will Recovery Kickstart?
24/7 Cryptocurrency News

On Friday, the price of Bitcoin dipped below $28,000 for a short period of time as the broader crypto market continued its decline for three consecutive days. In the wake of this crypto news, Bitcoin’s price is currently exchanging hands at $28,110 which represents a drop of 1.15% over the past 24 hours in comparison to a loss of 6.87% recorded over the past seven days.

Also Read: Texas Passes Landmark Crypto Bill For Exchanges To Comply

Comments

Post a Comment

Popular posts from this blog

This is Why Crypto Prices Are Exploding Higher Today? 6 Altcoins to Buy - January 9th

Image
The crypto market beams with hope for recovery as this week's trading leaves the station. Selected altcoins like Cardano (ADA), Solana (SOL), Cosmos (ATOM) and ApeCoin (APE) spiked significantly in double-digits, yet Bitcoin (BTC) and Ethereum (ETH) remain relatively unchanged. The total market capitalization jumped slightly to $852 billion after dropping to $798 billion on January 4. Crypto market cap 6 Altcoins to Buy as Crypto Prices Climb Investors in the crypto market are currently facing some of the hardest decisions to make. 2022 was a disastrous year, to say the least. Investors counted unstoppable losses made worse by rising inflation globally. The need to battle the ballooning inflation left no space for investors to breathe, with most turning to stable securities like government bonds. Crypto prices lacked the momentum to recover because outflows continuously exceeded inflows. The collapse of Sam Bankman-Fried's FTX exchange worsened the situation
Read more

Why You Should Always Promptly Repay Forbrukslån Uten Sikkerhet

Image
Credit card debt, school loans, personal loans, advances in cash, medical debt, retail shop accounts, and funds borrowed through family or friends are all examples of unsecured debt. The fact is, unsecured debts are a sign of your trustworthiness, and it is worth looking at the consequences of failing on them and your alternatives moving forward. If we eliminate the amount we owe on our homes, the vast majority of Americans' debt is unsecured. Credit card debt, school loans, individual loans, payday advances, hospital bills, retail shop accounts, and funds acquired from friends or relatives are all examples of unsecured debt. However, if you have current unsecured debts, what will occur if you do not make payments on them, and what are your alternatives after that? Defaulting on any loan, secured or unsecured, is never advised. Aside from the potential damage to your credit rating, there is also the possibility of being sued, and even wage garnishments if a court sees fit to
Read more

Premier League Ignores Crypto Chaos, Backs Sorare's NFT Fantasy Football Game in a Bold Move

Image
Sorare Global Fantasy Football. Source: sorare.com Non-fungible token (NFT)-based fantasy game and marketplace Sorare: Football has partnered with the Premier League in a multi-year licensing deal - crypto drama or not. Fans can build custom teams to win "big rewards" as if they were professional club owners, said the announcement. It explained that, "Football fans around the world can now collect, buy, sell, and trade officially licensed digital cards featuring every player from across the Premier League’s 20 clubs." As for how long the deal has been signed, the Financial Times reported that it is a four-year licensing contract. People familiar with the matter said that "Sorare will pay the Premier League tens of millions of pounds a year to secure the rights," while the final payment for each year will depend on performance. "Under the deal, the Premier League also has an option to take an equity stake in Sorare," it said.
Read more