Satoshi Era Bitcoin Awakens: 2010 Block Reward Moves 3 Days After Mega Whale Activity

Share This Post

Satoshi Era Bitcoin Awakens: 2010 Block Reward Moves 3 Days After Mega Whale Activity

After the notable appearance of a mega whale on December 4, another block reward from the Satoshi era was moved on December 7, at a block height of 820,156. This transaction marks the 21st block reward from 2010 to be spent in the initial week of December.

Sleeping Bitcoin Stash Stirs After a Decade

On Thursday, December 7, 2023, a dormant stash of 50 bitcoin (BTC) stirred into action for the first time in over ten years. This movement of the so-called ‘sleeping bitcoins’ was detected by the blockchain parsing platform Echoing the activity seen on December 4, where a series of 20 blocks were utilized, the original address divided the funds between two separate Pay-to-Script-Hash (P2SH) addresses.

The originating address, known as “18JkK,” was established on July 24, 2010. From this, it transferred 1 BTC to the address labeled “32Xas” and a further 48.99 BTC to “3DD4X.” Nevertheless, the transaction was conspicuous in terms of privacy, garnering a low privacy score of 5 out of 100 from Blockchair’s privacy analysis tool. This was attributed to identifiable issues like matched inputs and outputs.

While the transfer of 50 BTC may seem modest compared to the 1,000 BTC moved by the spender of 20 block rewards on December 4, its current value of $2.18 million is striking, especially when contrasted with its July 2010 worth of just $15. Moreover, instances of moving bitcoins from 2010 have become notably scarce in 2023, with more frequent sightings of 2012-era bitcoins.

The specific block reward, number 69,986, spent on that Thursday marked its first movement in over a decade. Importantly, it wasn’t part of the collection of block rewards linked to Bitcoin’s creator, Satoshi Nakamoto. Notably, Satoshi was active during that July but departed the community permanently in December 2010.

What do you think about the 2010 block reward awakenings in December? Share your thoughts and opinions about this subject in the comments section below.

Read Entire Article

Related Posts

Ethereum Price Prediction: ETH Soars 18% In February On Optimism For Ethereum Dencun Upgrade And ETH ETFs, But Analysts Say This ICO Might Be...

The Ethereum price pumped more than 18% so far this month to trade at $2,92670 as of 1:15 am EST Analysts believe the ETH price

6 Best Cheap Crypto to Buy Now Under 1 Dollar February 19

The crypto market is approaching the Altcoin season As such, investors are actively seeking tokens with the potential to capitalize on the impending upward trend

PepeFork Price Prediction: PORK Pumps Again For 45% Surge In A Week, But Experts Say This Other Meme Coin Might Be The Next Crypto...

The PepeFork price rose 6% in the last 24 hours to trade at $00000004700 as of 04:57 am EST on trading volume that surged 62%

Altcoins Sink Into “Danger Zone”, Is A Correction Incoming?

Data of an on-chain indicator suggests the majority of the altcoins have now dropped into the historical “danger zone,” a sign that could be bearish Altcoins May Be Overbought Currently

XRP Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2

Several analysts continue to make bullish predictions for the XRP token despite its lacklustre price action This time, crypto analyst Dark Defender has identified emerging patterns that suggest that

AI Crypto Assets Skyrocket With Over $10 Billion Added to the Sector in 17 Days

In the last 17 days, the value of artificial intelligence (AI) cryptocurrency assets has soared, with a significant addition of $1021 billion to their overall market value This surge aligns with the
- Advertisement -spot_img