Tag: 13b

Early Bitcoin dev misses out on $1.3B after selling too soon

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Martti Malmi, one of the earliest Bitcoin developers and also known as Sirius, has explained what happened to his once massive crypto holdings since 2009.  According to a Friday Twitter thread from the former Bitcoin (BTC) developer, Malmi mined roughly 55,000 coins between 2009 and 2010 when the price was almost zero. Malmi said that he ended up liquidating 5,050 BTC for $5 in October 2009, and losing 30,000 BTC through one of the first Bitcoin exchanges he ran when “there was no established exchange rate.” “I was planning to…

Tether’s (USDT) Daily Trade Vol. Eclipses BTC’s, MarketCap Hits $13b

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Last updated:August 28, 2020 Quick summary: Tether’s daily trade volume has eclipsed Bitcoin’s. Similarly, Tether’s 7-day average transfer value has flippened BTC’s. USDT’s market cap has now hit $13 Billion hinting that Tether could eventually edge out Ethereum This year, the stablecoin of Tether (USDT) has continually broken records. To begin with, in mid-July, Tether’s market capitalization hit the $10 Billion mark. In the process, USDT briefly edged out XRP from the number 3 spot on Coinmarketcap. Furthermore, this year saw many analysts predict that USDT’s daily transaction volume would…