This isn’t the first time this year that large long-dormant BTC transactions have been spotted. The CryptoQuant post said more than 10,000 BTC was moved when the BTC price was at $47,700 in March, 2,800 BTC moved in May, and more than 1,100 BTC was moved at $23,000 per coin in July. Source
As the profusion of new algorithmically-generated nonfungible toke projects drives down the premium on digital rarity, digital history and being among the “firsts” has become a more reliable source of value. As a result, long-forgotten projects are being unearthed by on-chain sleuths, and yesterday they might have struck gold on their biggest find yet. At 7 AM UTC March 12, Twitter user and NFT collector “ETHoard” posted a short thread on what may be the second-ever nonfungible collectibles project launched on Ethereum, MoonCats. While maybe not as eye pleasing as…
The number of active Bitcoin (BTC) wallets, many of which have long been dormant, has seen an uptick that could herald some major market movements, Bloomberg reports Jan. 11. Bloomberg bases its report on data and analysis from crypto analytics startup Flipside Crypto, which sealed the backing of major crypto exchange Coinbase and veteran crypto venture capital firm Digital Currency Group (DCG) back in November. According to Flipside, as of Oct. 2018, a high number of long-inactive Bitcoin holders — defined as those that haven’t transferred their Bitcoin for between…