Category: BTC
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20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?
Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST. A ton of ‘zombie coins’ moved in 2020, after…
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Another Mysterious String of 1,000 ‘Satoshi Era’ Bitcoins Mined in 2010 Moved Today
On November 7 at around 12:37 a.m. (EST), another string of so-called ‘sleeping bitcoins’ were moved for the first time since 2010. The peculiar movement stemmed from 20 blocks from 2010 with approximately 1,000 BTC spent ($15.5 million) in a single block. 2020 has been a wild year and in the Bitcoin world, it’s been…
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Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead
The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm mandated with administering Quadriga’s liquidation process, says it will not…
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Bitcoin price nears $16K, but it’s Ethereum that may shine in November
After Bitcoin’s strong breakout above $15,000, analysts are looking toward Ether as the market sentiment around Ethereum strengthens.
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‘Extreme greed’ and FOMO taking hold as BTC nudges $16K
Bitcoin has powered to its highest price since early 2018 as the buying frenzy continues.
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Bitcoin Price Spikes Over 9% as the Crypto Asset’s Value Nears $15K
The crypto economy has jumped over the $400 billion mark and is now hovering around $414 billion at the time of publication. The largest crypto asset in terms of market cap, bitcoin has over 9% during the last 24 hours steadily marching toward the $15k zone. During the last 30 days, Bitcoin (BTC) has gained…
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Grayscale Trust sees largest-ever weekly inflow, nears 500K BTC in total
Grayscale is on track to control 5% of the entire Bitcoin circulating supply by the end of 2021 with a record $215 million inflow last week.
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Bitcoin Volatility Expected to Rise After the US Presidential Election
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%. The digital currency economy is hovering at around…
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Top 5 cryptocurrencies to watch this week: BTC, BNB, ADA, BCH, LINK
Bitcoin looks strong and the indicators point to a possible break above $14,000 while altcoins could underperform in the short-term.
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Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution
While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have been revealed this year. At…