On May 12, as bitcoin hovered slightly above the ,000 mark, two dormant bitcoin wallets, inactive for over ten years and eight months, executed transactions totaling 1,000 bitcoins valued at approximately .1 million. It appears that both wallets, created on the same day, were owned by the same individual. Dormant for a Decade: Bitcoin Wallets […]
Bitcoin News
Bitcoin Mega Whale Resurfaces, JPMorgan Expects BTC Price to Drop, Bitcoin Cash Soars 40%, and More — Week in Review
A significant bitcoin “mega whale” moved 3,000 vintage bitcoins from 2010 as BTC peaked at ,210. JPMorgan predicted a post-halving drop in bitcoin’s price to ,000, citing current euphoria levels. Meanwhile, bitcoin cash experienced a 40% surge in anticipation of its halving event and a major 2024 upgrade. Additionally, rumors circulated about a Qatari billionaire’s […]
Bitcoin News
Mega Whale Resurfaces: 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at $69,210
On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of ,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. 2010 Bitcoin Whale Moves Millions as Prices Peak This prominent whale, known […]
Bitcoin News
Mystery Bitcoin Whale Resurfaces, Transfers 1,000 BTC Worth $41M From String of 2010 Era Addresses
Emerging from obscurity since 2021, a prominent bitcoin whale, originating from the 2010 period, has recently transferred 20 block rewards, equivalent to 1,000 bitcoins valued at .87 million based on present exchange rates. This is not the whale’s first such activity; they have previously executed similar transactions, involving sets of 20 block rewards, on several occasions at the onset of the bull run in late 2020 and into 2021.
Elusive Bitcoin Whale Moves 1,000 Bitcoin From Decade-Old Wallets
An extremely large bitcoin (BTC) whale has spent a total of 1,000 bitcoin (BTC) from addresses created in 2010. The 20 addresses held block rewards from that year and each wallet spent 50 BTC at block height 819,796. The whale’s activity was caught by btcparser.com and all 20 transfers can be viewed here. Similar to the spending in 2020 and 2021, the whale’s addresses were created toward the end of 2010 during August, September, October, and November.
When the transfer took place, the 1,000 BTC had a value of .87 million, and the entirety of these transferred funds (999.99 BTC) were once located in the address “35BRV.” These funds were moved from the 20 legacy bitcoin addresses to a Pay-to-Script-Hash (P2SH) address. P2SH addresses are commonly utilized for multi-signature transactions, necessitating several private keys to validate a transaction. At the time of writing, the 999.99 BTC has been moved to another wallet after the initial transfer.
There’s a strong possibility this whale is the same early bitcoiner that Bitcoin.com News identified back in 2020. The entity was last observed when BTC hit a record high in November 2021 and hasn’t been back since. At that specific time, the whale transferred a set of 20 block rewards, totaling 1,000 BTC, all originating from wallets established in August, September, October, and November of 2010. This pattern of activity was noted several times in 2020 and 2021, consistently following the same methodology.
This recurring pattern involves the same quantity of block rewards expended in each instance, their consolidation into a single P2SH address, and the uniformity of the bitcoin addresses’ creation dates. It is a reasonable assumption that the user was a miner who accumulated a significant number of bitcoins in the latter months of 2010. Between the end of 2020 and March 2021, Bitcoin.com tracked this same whale as they spent over 10,000 BTC, employing identical spending methods. After the previous sighting of the whale, it had expended 13,000 BTC, and with its most recent action, this figure has escalated to 14,000 BTC.
It is noteworthy that this whale usually mobilizes the strings of 20 block rewards when the price of BTC is on an upward trajectory. This observation holds true for the latest transactions, as BTC’s value lingers near the K mark. Additionally, it remains unclear whether these funds were merely transferred between wallets or actually sold. Similar to the spends in the past, the whale’s latest 20 block reward transfer had little to zero privacy, according to Blockchair.com. Co-spending was noticed, it was a sweep, and matched addresses were identified as well among the 20 transfers.
What do you think about the 2010 mining entity that has been spending 20 block rewards with 1,000 bitcoin in strings? Let us know what you think about this subject in the comments section below.
Chainlink Signal Resurfaces: Is Another 31% Rally Coming?
On-chain data shows that a Chainlink signal that last preceded a 31% rally for the asset’s price has just reversed.
Chainlink Age Consumed Metric Has Observed A Sharp Spike Recently
According to data from the on-chain analytics firm Santiment, LINK has recently seen a significant movement from old coins. The relevant indicator here is the “Age Consumed,” which tells us whether the dormant Chainlink tokens are on the move or not right now.
When the indicator’s value registers a large spike, it’s a sign that the blockchain is currently observing the transfer of a significant number of old coins. Such dormant tokens belong to a cohort called the “long-term holders” (LTHs), made up of the relentless hands of the sector.
As such, this metric surging can be something to watch out for, as it means that these LTHs, who usually remain quiet no matter what’s going on in the wider market, have decided to break their dormancy.
Now, here is a chart that shows the trend in the Chainlink Age Consumed over the last few months:
As displayed in the above graph, the Chainlink Age Consumed indicator has observed a sharp rise recently, implying that the LTHs have been making transactions.
At the peak of this latest spike, the metric’s value touched 4.28 billion, which is the highest level seen since the middle of September. Back then, the indicator registered a spike almost double in scale, and interestingly, what followed in the next couple of weeks was a 31% rally as LINK went from .36 to .22.
It’s hard to say if a similar pattern would repeat for Chainlink this time since the LTHs could have broken their silence for several reasons, including for selling.
An analyst has pointed out that yesterday (which was about the same time as this spike in the Age Consumed), the whales made many transactions, as the chart below shows.
In total, the Chainlink network observed 2,600 transactions valued over 0,000 yesterday. The spike would confirm that the LTHs who broke their dormancy weren’t just ordinary investors but the whales.
In isolation, it’s hard to say why these two indicators recently observed a spike. Still, when looking at the latest LINK news, perhaps the most likely explanation becomes apparent.
Yesterday, Chainlink staking v0.2 went live on the Ethereum blockchain, allowing the v0.1 stakers to migrate toward the new network. Thus, given the close timing of the spikes in the Age Consumed and Whale Transaction Count, it would appear quite probable that these LTHs were making transfers toward the new staking pools.
LINK Price
Chainlink had observed some drawdown towards the .7 mark just recently, but it would seem like the asset has already recovered as it’s now trading around .7.
Bitcoin Creator Satoshi Nakamoto Sparks Speculation As Cryptic Email, X Account Resurfaces
The true identity of Bitcoin’s creator, Satoshi Nakamoto, has continued to be debated, with many speculating who Nakamoto might be. The debate has become more fueled by an old email and a tweet that suggests that the ‘real’ Nakamoto is still far from being identified.
Bitcoin Creator Correspondence With Wei Dei
An email correspondence between Satoshi Nakamoto and B-money founder Wei Dei has resurfaced. In the email (dated August 22, 2008), Nakamoto mentioned his interest in Dei’s B-money and noted the similarities between B-money and Bitcoin as he planned to release a paper that would expand Dei’s ideas into a “complete working system.”
Indeed, one could rightly point out that B-money and Satoshi’s Bitcoin share similarities, as the former was proposed by Dei in 1998 to be an “anonymous, distributed electronic cash system.” Interestingly, to make this work, Dei had proposed a proof-of-work protocol to make his B-money idea a reality and Bitcoin happens to run on a proof-of-work consensus mechanism.
In the email, Nakamoto told Dei that Adam Back (who happens to have pioneered the proof-of-work system) was the one who drew his attention to the similarities between B-money and Bitcoin.
The email has again led many to speculate whether or not Dei and Back may be letting more than they know, considering that they were one of the first persons Nakamoto reached out to concerning Bitcoin.
However, Back has mentioned in the past that he doesn’t know Nakamoto personally as the Bitcoin creator only reached out to him in an email (just the same way he reached out to Dei).
Alleged Satoshi Nakamoto X Account Surfaces
Meanwhile, a tweet from Nakomoto’s alleged X account surfaced on October 2 (the same day Ager-Hanssen revealed the email between Ayre and Wright). In the tweet, the handler revealed that different aspects not explicitly contained within Bitcoin’s whitepaper would be explored in the following months.
This tweet likely refers to the fact that Bitcoin has long been considered as only a store of value and wasn’t meant for other uses like Decentralized Finance (DeFi) or to host NFTs (non-fungible tokens).
While such news will usually be bullish for the Bitcoin ecosystem, many were more concerned if these tweets were indeed from the real Satoshi Nakamoto. Community notes also highlighted that the account was controlled by Craig Wright, who has been “proven to be a fraud” and should not be trusted.
Specifically, an influencer in the XRP community, Edward Farina, noted that the account was verified, meaning the handler had likely gone through a KYC verification. Therefore, it is “clearly” not the real Satoshi but someone looking for “X payout,” he stated.
‘FTX Drainer’ Resurfaces: Moves $8M ETH to Defi Platforms
Per onchain evidence, the culprit dubbed the “FTX drainer” shifted 5,000 ethereum valued at approximately million, gauged by today’s exchange rates. This marked the first movement of the funds in nearly a year, with the malefactor channeling the ether into the decentralized finance (defi) platforms Railgun and Thorchain Router.
‘FTX Drainer’ Diverts M in Ethereum
Shortly after the downfall of FTX, the exchange fell victim to a cyber intrusion on November 11, 2022, parting with a substantial amount of ethereum (ETH) and ERC20 tokens. Following a handful of transfers post-hack, the funds lay dormant for almost a year.
However, on the dawn of September 29, 2023, the malefactor opted to relocate 2,500 ether, and merely three hours ensuing, an additional 2,500 ETH was shifted from the same address. The crypto sphere buzzed with the news as onchain sleuths broadcasted the maneuvers on the social media forum X.
Arkham Intelligence reported, “Breaking: The FTX Hacker holding over 0M of assets has moved ETH for the first time since 2022. A total of M thus far has been moved via Railgun and Thorchain.”
Thorchain serves as a decentralized cross-chain liquidity conduit permitting the exchange of assets across blockchain networks, while Railgun is engineered as a smart contract framework that extends zero-knowledge privacy for any onchain decentralized application on platforms like Ethereum, Polygon, Binance Smart Chain, and Arbitrum.
Both systems can help cloak transactions and can potentially muddle the hacker’s trail. Despite the migration of 5,000 ETH, the antagonist still commands a crypto arsenal worth 8.93 million. The “FTX drainer’s” hoard encompasses an array of digital currencies like ETH, USDT, BTC, USDC, DAI, BNB, among others. The hacker’s ETH treasure remains the crown jewel, valuing 3.14 million, dispersed across 31 unique blockchain addresses.
What do you think about the FTX drainer resurfacing and moving million in ether? Share your thoughts and opinions about this subject in the comments section below.
Calm Before The Storm? 7,000% ROI Bitcoin Signal Resurfaces
Bitcoin price gained more than 20% since last Friday, when the top cryptocurrency by market cap retested ,000, briefly falling below the level.
The calm before the storm might be starting to break, with BTC about to unleash a powerful rally. That’s according to the Bollinger Band Width, which is the second tightest in the history of Bitcoin. The last time this signal appeared, BTCUSD climbed more than 7,000%.
Bitcoin Volatility Drops, But Could Be Calm Before The Storm
Bitcoin is known for its volatility. The cryptocurrency goes on several thousand percent rallies, only do later erase as much as 80 to 90% of it.
For the last several months, BTCUSD hasn’t moved much in relative terms to historical price action, resulting in a lull in the cryptocurrency’s characteristic volatility. That lull is evident in how tight and narrow the Bollinger Bands are on the 2-week timeframe.
According to Bollinger Band – a measure of how wide or narrow the Bollinger Bands are at any given moment – Bitcoin is at the second-tightest the bands have ever been. In other terms, volatility is the second-lowest ever on the 2-week timeframe.
The only time the bands were ever this tight before, was in 2015 and the number one crypto asset by market cap went on to rally by 7,500%.
Is An Explosive Bull Rally Coming Soon To Crypto?
Bollinger Band Width only shows one side of the story: volatility at historical lows. It says nothing about the direction Bitcoin might take.
The Bollinger Bands themselves consist of a 20-period simple moving average and two standard deviations. After the bands contract, they expand to release and extreme build up of energy. Simply put, when the bands expand, the breakout will be powerful – strong enough to set the trend.
Currently, the 2-week Bollinger Bands are above the mid-line, suggesting that the direction is up. Holding above the level in the past has resulted in some of the largest bull runs in crypto.
In a surprise bounce from last Friday’s under ,000 retest, Bitcoin held its fourth consecutive candle close above the middle-Bollinger Band and is now making a move higher.
BTCUSD is up 20% already in the last 72 hours. If the Bollinger Bands start to expand, the rally might not stop for some time.
#Bitcoin 2W Bollinger Bands are the second-tightest in BTCUSD history.
The last time resulted in a 7,500% rally. People are going to feel very under-exposed very quickly I think. pic.twitter.com/RZKVY5fw74
— Tony "The Bull" (@tonythebullBTC) March 13, 2023
Wu Jihan Resurfaces As Bitmain CEO After Co-Founder Is Forced Out
n Tech billionaire Wu Jihan has reappeared at the helm of Beijing-based mining giant Bitmainn
CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7
Right on Cue: Schiff Resurfaces to Celebrate Bitcoin Price Drop
For someone lacking interest in Bitcoin, Peter Schiff has a funny way of showing it. As the price leading digital assets is dropping today, the gold bug has once again commented that such moves are evidence of a “pump and dump” narrative in the market.
Schiff seems to think that there is only room for one hard form of money on the planet. Despite its similarities to gold in terms of monetary policy, the billionaire investor remains unimpressed by Bitcoin.
Bitcoin Price Plummets, Schiff Cries “Pump and Dump”
In the last couple of hours, Bitcoin and other digital assets shed billions of dollars off their total market capitalisation. Early responses to the sudden crash have pointed to rumours of Binance offices in Shanghai being raided as a possible cause of the sudden selling pressure.
@binance in Shanghai was shut down by a police raid @cz_binance?! pic.twitter.com/mytXuc9vmj
— Julien Cotel (@JulienCotel) November 21, 2019
However, others have stated that Binance’s “Shanghai Offices” are less formal than reports make out. One Twitter user claiming to have visited the working space in question tweeted:
The whole piece looks like bullshit. I have been to SO CALLED Binance Shanghai offices. Just a place where some staff tend to gather together and most people actually work from home.
— Block-Unicorn (@aries_kkk) November 21, 2019
Similarly, Binance’s Chief Financial Officer, Wei Zhou, claims that the rumour is unfounded since there are no Binance offices in Shanghai. However, China is currently known to be clamping down on cryptocurrency firms and interested individuals. Those involved in the industry in some capacity have been ordered to report their activities to the nation’s central bank. It is entirely possible that the original report may have wrongly referred to a raid being against Binance offices and instead some other crypto firm or co-working space could have been closed down instead. With accurate news out of China usually more of a trickle than torrent, investors have been left guessing as to what has really gone on.
Please squash this rumor. No raid cuz no office! @lawmaster https://t.co/a0jsknrVxK
— Wei (@weizhouBinance) November 21, 2019
Offering an entirely different reasoning for the current dip in prices is gold bug and prominent Bitcoin naysayer Peter Schiff. Like clockwork, he tweeted his own theory immediately following the largest of the recent downside moves just hours ago.
![](https://www.newsbtc.com/wp-content/uploads/2019/11/total-market-capitalizat.jpeg)
The entire cryptocurrency market cap just dumped by billions of dollars.
Schiff claims in his most recent Twitter spiel against Bitcoin that the market is showing clear signs of manipulation. For him, large holders of Bitcoin are pumping up the price so that “momentum buyers” can absorb the selling pressure the same large holders create when they offload their Bitcoin. The big players hope to create a market more capable of supporting such selling. Schiff encourages Bitcoin investors to “wake up”, insisting that they are “being played”.
Bitcoin spiked by 40% in less than 24 hours. Then in the ensuing 4 weeks Bitcoin steadily lost 100% of those gains. This is a classic pump and dump. Run the price up to sucker in momentum buyers. Then sell into that demand. When will #Bitcoin buyers wake up? You're being played.
— Peter Schiff (@PeterSchiff) November 21, 2019
Interestingly, the 40 percent Bitcoin spike that Schiff refers to in his original post coincided with the news that the Chinese government will support blockchain development going forward. Almost a month ago now, the price has slowly dwindled since. The trend has accelerated into a crash to a low below ,450 on Bitstamp today.
The sudden additional drop in digital asset prices after bleeding for much of the last month could very well have been the result of the manipulation of which Schiff tweets. Given the timing of the drop and the China rumours beginning to circulate, either fear of a clampdown or the beginnings of an actual clampdown on cryptocurrency may also be causing the sudden selling pressure. Unfortunately, NewsBTC is unable to source more information on the matter at present but will endeavour to bring further updates if and when they occur.
Related Reading: Bitcoin Price Jumped 42% Last Time It Hit This Level, and BTC Has Tapped It Again
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