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06 Oct

‘Satoshi-era’ Bitcoin whale wallet awakens

hightechz.net0 CommentsBlockchain, TrendingBitcoin, blockchain, Satoshi Nakamoto, technology

In a surprising turn of events, more than $3.5 million worth of Bitcoin from a whale wallet linked to the early "Satoshi era" has been transferred to a cryptocurrency exchange. The transfer is part of a larger $72 million Bitcoin block, causing widespread speculation among the cryptocurrency community. This wallet, inactive for several years, likely contains some of the earliest mined Bitcoins from the inception of the cryptocurrency. Photo: Cointelegraph. The term "Satoshi era" refers to the period when Bitcoin's mysterious creator, Satoshi Nakamoto, was still active in the development and promotion of the cryptocurrency. Wallets from this time have…

18 Jul

Mt. Gox Shakes Up Crypto Market with Massive Bitcoin Transfer

hightechz.net0 CommentsBlockchain, TrendingBitcoin, blockchain, Crypto, Mt. Gox, technology

In a move that sent shockwaves through the cryptocurrency world, Mt. Gox, the infamous defunct exchange, executed a series of transactions on July 16th that saw a staggering $9 billion worth of Bitcoin transferred in just three hours. This large-scale movement, following a period of inactivity, has sparked concern among investors and analysts alike, with the potential to impact Bitcoin's price stability. Illustration of how Mt.Gox's return could have a strong impact on Bitcoin price. Photo: Cointelegraph. According to data from Arkham Intelligence, Mt. Gox offloaded nearly 190,000 Bitcoin, totaling around $12 billion. The most significant portion, almost 96,000 Bitcoin…

16 Jul

Bitcoin price has increased more than 9% since Donald Trump’s attempted assassination

hightechz.net0 CommentsBlockchain, TechnologyBitcoin, blockchain, technology, Trump

The world of cryptocurrency is often volatile, responding swiftly to global events and news. Recently, the price of Bitcoin surged by over 9% following an extraordinary and unsettling event: the attempted assassination of former U.S. President Donald Trump. This incident sent ripples through financial markets, but none felt the impact quite like the cryptocurrency sector, particularly Bitcoin. Trump always calls himself a cryptocurrency champion. Photo: Fox News. The attempted assassination of a high-profile figure such as Donald Trump not only shocked the political sphere but also introduced a wave of uncertainty across various markets. Historically, Bitcoin has often been viewed…

29 Jun

Bitcoin Activity Slumps: Active Wallets Reach Lowest Level in Over a Decade

hightechz.net0 CommentsBlockchain, TechnologyBitcoin, blockchain, technology

The world's most popular cryptocurrency, Bitcoin, is experiencing a lull in user activity. According to on-chain data analysis from IntoTheBlock, the percentage of active Bitcoin wallets has plunged to its lowest point since late 2010. This decline signifies a significant drop in buying and selling activity among Bitcoin holders, suggesting a phase of market consolidation. Bitcoin. Photo: istock The data reveals that the weekly active wallet ratio for Bitcoin dipped to a low of 1.22% in June, with a peak of only 1.32% for the entire month. This stands in stark contrast to previous bull cycles, where the ratio reached…

29 May

Mt. Gox Stirs the Market: Massive Bitcoin Transfer to Unknown Wallet

hightechz.net0 CommentsBlockchain, TrendingBitcoin, blockchain, Mt. Gox, technology

The long-dormant Mt. Gox, once the world's leading Bitcoin exchange, has rekindled concerns after a series of large Bitcoin transfers to an unidentified wallet. This unexpected activity, totaling over 140,000 BTC (worth roughly $9 billion at the time), has sent shockwaves through the cryptocurrency market. Bitcoin price plummeted after Mt. Gox is acting strange. Photo: CoinGape. A Troubled Past, a Puzzling Present Mt. Gox's history is marred by a devastating hack in 2014, resulting in the loss of hundreds of thousands of Bitcoins belonging to its users. The exchange subsequently shut down and filed for bankruptcy, leaving a trail of…