50 BTC Mined in 2009 Just Moved, Now This Bitcoin Amount Worth $500K

A Bitcoin wallet first opened in 2009 has suddenly cashed out. 50 BTC was moved in one transaction, leading many to speculate on the owner’s origins, with some suggesting it could be Satoshi Nakamoto. The cryptocurrency community went pretty crazy today as it was revealed that 50 BTC that was mined back in February 2009 was just moved to another address. So, who did that and what could it mean? Data from Glassnode has revealed that an unspent output from bitcoin transactions (UTXO) older than a decade was just spent…

Universal Basic Income Test Runs Blockchain to Share Money Worldwide

Universal basic income, commonly referred to as UBI, dates back to the 16th century when Sir Thomas More depicted a society in which every person receives a guaranteed income in his famous book Utopia. While Utopia is a fictional work, the reality of a basic income has come to fruition, as it has been reported that the number of people unemployed in the United States has reached 36 million — a number comparable to the Great Depression.  Yet as the U.S. federal government attempts to distribute a one-time stimulus payment…

$40 Million in BitMEX Longs Wiped Out as Bitcoin Plunges on “Satoshi Dumping” Fears

It’s been a brutal past 120 minutes for the Bitcoin market. After holding the $9,800 support for 48 hours, the cryptocurrency began to dive lower approximately two hours ago. From its $9,800 perch, the flagship crypto-asset fell as low as $9,100 on leading Bitcoin exchange Bitstamp — a drop of over 7%. The price has since stabilized around $9,400. Chart from TradingView.com This was a crash that few traders anticipated. According to data shared by crypto derivatives tracker Skew.com, over $40 million worth of BitMEX long positions were liquidated during…

1300% Increase In BitcoinAbuse Reports in April Led by Sextortion

The number of Bitcoin (BTC) extortion reports filed by the users of BitcoinAbuse.com database increased 1,300% in April, perhaps with scammers taking advantage of the quarantined population. BitcoinAbuse.com allows anyone to report cases of criminals trying to extort Bitcoins from potential victims. Alan Reed told Cointelegraph that he founded the site as a response to the WannaCry ransomware. According to him, since the start of 2020, there have been 68,000 reports with 21,000 unique Bitcoin addresses submitted. Number of reports by month. Source: BitcoinAbuse.com Scammers taking advantage of the quarantined…

Blockchain Bites: Bitcoin’s Difficulty Adjustment and More

Bitcoin’s network difficulty adjusted downwards today, making older mining machines profitable once again, while Tokensoft distributed $4 million in tokenized equity to investors and technology firms are calling upon the Department of Defense to invest in the blockchain arms race. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters here.  Top Shelf Getting EasierThe Bitcoin network just fine-tuned a key parameter to coax back miners who quit…

Meghan Markle & Prince Harry Have Been in a Toxic Relationship Since Their Wedding Day

Meghan Markle’s controlling nature is evident in numerous public appearances in the past. Her behavior is textbook for a control freak and suggests her relationship with Prince Harry is toxic. Sadly, it will go unrecognized by many because it’s the man who’s being manipulated in the relationship and not the woman. It’s pretty much common knowledge that Meghan Markle is a control freak— from how she controls Prince Harry’s life, to even little things like how she handles his public appearances (see below, via Twitter). Meghan Markle and Prince Harry’s…

Hackers Target Enterprise Blockchains

When blockchain technology was first brought to the public’s attention, it was lauded on many fronts as “unhackable.” While there are many benefits to blockchain worth noting already, we probably still haven’t seen what its ultimate potential will be. One thing is certain though: It is not unhackable. That reality has been illustrated with increasing clarity to the tune of around $2 billion in cryptocurrency stolen by hackers since 2017. Recent attacks have seen a shift in focus from public networks, such as the Bitcoin and Ethereum blockchains, to private…

BITCOIN PRICE HITS TARGET FLAWLESSLY! | BTC BULL RUN CLOSE?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin price makes move flawlessly to fibonacci retracement in only 19 hours. Bitcoin MUST break this channel to confirm bullish bias that is making its way around cryptocurrency and bitcoin. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version