Day: May 12, 2023

$3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy – Bitcoin News

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On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 bitcoin moved from dormant 2010 and 2011 wallets. 139.7 Bitcoin Worth $3.7 Million Suddenly Moves From Idle Wallet A vintage wallet created on June 19, 2011, suddenly relocated 139.7 BTC, equivalent to $3.7 million at the time of transfer, on Thursday, May 11, 2023. Btcparser.com flagged this activity, which was confirmed at block height 789,291…

US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill

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Two United States Senators from opposite sides of the political aisle have reintroduced legislation from 2022 aimed at mitigating perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency. Congressional records showed Idaho Senator James Risch and New Jersey Senator Bob Menendez introduced “a bill to require reports on the adoption of cryptocurrency as legal tender in El Salvador” on May 11. The legislation appeared to be a second attempt at the Accountability for Cryptocurrency in El Salvador Act, which Risch introduced in February 2022, mere months…

Bakkt Mass Delists Tokens Including AAVE, AVAX, COMP, FIL, MKR and UNI

The full list of de-listed tokens are: Aave (AAVE), Avalanche (AVAX), Bancor Network Token (BNT), Basic Attention Token (BAT), Chainlink (LINK), Chiliz (CHZ), Compound Token (COMP), Cosmos (ATOM), Curve DAO (CRV), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), GALA (GALA), The Graph (GRT), Internet Computer (ICP), Loopring (LRC), Maker DAO (MKR), Republic (REN), Stellar (XLM), Sushiswap (SUSHI), Synthetix (SNX), Texos (XTZ) and Uniswap (UNI). Source

Bitcoin miners accumulating coins despite sharp price drops

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin miners are  holding onto their coins and accumulating, despite recent price drops, records on May 12 shows.  Their decision to hang on has been described by one observer as “one of the most sincere displays of conviction in the asset”. Bitcoin miners are HODLing Publicly available information reveals the Bitcoin balances of several bitcoin mining companies, including Marathon, Hut, and Bitfarms, increased in the first four months of the year. This shows their commitment to…

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro – Bitcoin News

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Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail Request for Do Kwon, Puts Him Under House Detention A first instance court in Podgorica has agreed to release the founder and former chief executive of failed blockchain firm Terraform Labs, Do Kwon, and another South Korean citizen on bail, local and…

Binance calls it quits in Canada, blames new rules

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Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry. Binance is joining some of its smaller competitors in the Canadian exodus brought on by the introduction of rules by the Canadian Securities Administrators (CSA) on Feb. 22 that required them to file new preregistration undertakings and adhere to added restrictions. Although Binance had reportedly filed a new preregistration undertaking, it explained…

New era of NFTs on Bitcoin network?

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The Bitcoin (BTC) network is witnessing a paradigm shift as ordinals, an advanced breed of non-fungible tokens (NFTs), rapidly gain traction within the crypto sphere. April 2023 saw the daily ordinals inscriptions record smashed several times, illustrating the escalating curiosity surrounding these digital assets. While ordinals may create new opportunities for the Bitcoin network, skeptics raise concerns about potential negative consequences. Ordinals, a class of digital assets closely related to non-fungible tokens (NFTs), are inscribed onto satoshis, the smallest denomination of bitcoin. In April, ordinals experienced a surge in popularity,…