Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Bitcoin Whale Breaks 8 Year Long Silence With $30 Million Worth Of BTC Transfer

After an eight-year dormancy, a Bitcoin (BTC) Whale unexpectedly moved $30 million worth of BTC. On November 20th, 2013, the exact address received 1,000 BTC worth $567,600 at the time, Blockchair reported.  The Bitcoin remained dormant in one wallet until it was moved as part of a much larger block that sent nearly 2,100 BTC to two other addresses. One address received 2,000 bitcoins, while the second collected above 99.99 bitcoins. Related Readings | Snoop & Gary Vee Got “Ownership” Of A Basketball Team With Ice Cube’s BIG3 NFTs Bitcoin Movements In Dormant Wallets  1,000 BTC were worth $30,090,000. That’s more than 53 times the original price from 2013, when Bitcoin was only $567. The transaction only cost 0.0016 BTC in fees, which is about $47.15 at the time it was executed. During the last eight years, the inactive whale wallet received trace amounts of Bitcoin 23 times, and it appears that those amounts were for dusting attacks.  What are dusting attacks? These involve hackers and scammers sending minuscule amounts of Bitcoin (or other cryptocurrencies) to break wallets’ privacy. The advanced blockchain tracker, Whale Alert, traced the transaction and reported on Twitter as:  A dormant address containing 1,000 #BTC (30,395,186 USD) has just been activated after 8.5 years (worth 468,643 USD in 2013)! Blockchair also identified another wallet that has remained dormant since 2012 and finally transferred 500 BTC on Thursday. The first deposit of one Bitcoin was made back on 5th April 2012.  The wallet then added another 499 BTC on June 3rd of the same year. The Bitcoin price at that time was only $5.25 per coin. However, throughout that period, the wallet received modest sums of BTC, which appears to be dust transactions used by scammers to carry out dusting attacks. Remarks And Contribution of Satoshi Nakamoto The creator of Bitcoin has been silent for years, but people still think they know who it is. As a result, transactions from long-dormant wallets typically drum up media interest. Because they generate chatter speculating that the BTC could be owned by Bitcoin’s secretive creator, Satoshi Nakamoto. Nakamoto launched the genesis block on January 3, 2009. Since then, it has succeeded in mining almost 1,000,000 BTC, according to the assessment of Blockchain analysts. Related Readings | Investors Make For Stablecoin Hills As USDT Volume Touches All-Time High Satoshi confirmed his appearance on the internet in December 2010 when the Bitcoin network’s client software version was 0.3.19, and now Bitcoin’s version is 22.0.   Bitcoin has been showing high volatile movements during the last few months; it was at the price of $ 36,000 before a week and declined to $25,401 last Thursday.  Bitcoin is currently recovering from a market-wide dip. As of the time of writing, it has increased in value by 13.5% from this year’s low and is trading for $29,353.   Featured image from Pixabay, and the chart from Tradingview.com  

US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme

Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme. Officials Share Data on Global Crypto Crime The heads of tax enforcement from the Joint Chiefs of Global Tax Enforcement (J5) countries met […]

Coinbase Founder’s Wealth Shrinks From $13.7 Billion to $2.2 Billion

submitted by /u/Joki_ORodovi [link] [comments]

It’s crazy how you can HODL the best projects after months of research, but then the actual profits are from gambling on a dying coin

I'm not saying it's either bad or good, it's just truly crazy. Yes, buying ETH or BTC at the start of their existence and HODLing till 4K or 67K, was really smart and worth it. But now, holding the best projects will double your money in the best case and throwing $100 at a random…
Read more

Here is a guide for mining Ravencoin that I made in a comment in another subreddit.

Continuing the title because I was cutoff by the Character limit: Let me know If I gave bad advice to this learner. Let me know if you have any objections to the method layed out in this guide. This guide will assume that you are using windows 10. I have not tried out windows 11…
Read more

Vitalik himself said that the goal of Ethereum isn’t million-dollar pictures of monkeys, it’s to accomplish meaningful things in the world.

I’m not against NFT art, after all its another integral part of the Ethereum ecosystem. However, I am against the HUGE amounts of resources that are being poured in the NFT market. Resources that will not result in anything of real utility or impact in the real world. Vitalik’s vision is for Ethereum to be…
Read more

Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000

Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian officials have unplugged and […]

“It’s entertaining watching others fall too”. Do Kwon the Conman.

submitted by /u/Heisenberg_USA [link] [comments]