Crypto Currency

Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy

Key Takeaways An early Bitcoin whale transferred $3.6 million to Kraken exchange. Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets Share this article An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to

Key Takeaways

  • An early Bitcoin whale transferred $3.6 million to Kraken exchange.
  • Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets

Share this article

An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to the Kraken exchange, according to blockchain analytics platform Arkham Intelligence. 

This recent movement of Bitcoin, mined just one month after Bitcoin’s mainnet went live, has sparked curiosity among market observers.

Arkham revealed that the whale, who holds over $72.5 million in Bitcoin, initiated the transfer yesterday. The transferred Bitcoin, mined in February or March 2009, now sits in Kraken’s wallet following a series of smaller transactions, including a five-bitcoin transfer on September 24. 

This comes just a few days after another early Bitcoin whale, who mined their Bitcoin around the same time, woke up after 15 years of dormancy to move $16 million worth of BTC, according to Arkham Intelligence. 

Share this article

?xml>
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Two Nigerians, one other jailed in UK for £4m crypto fraud

Two Nigerians and another man have been jailed in the UK for their roles in a £4 million cryptocurrency fraud, impersonating police officers to deceive vic Read More: https://punchng.com/two-nigerians-one-other-jailed-in-uk-for-4m-crypto-fraud/…

Two Nigerians and another man have been jailed in the UK for their roles in a £4 million cryptocurrency fraud, impersonating police officers to deceive vic

Read More: https://punchng.com/two-nigerians-one-other-jailed-in-uk-for-4m-crypto-fraud/…
Read More

Continue Reading
Crypto Currency

UK jail 2 Nigerians, accomplice over £4m cryptocurrency fraud (Photos)

Two Nigerians and their accomplice have been sentenced to jail in the United Kingdom for defrauding eight victims of more than four million pounds worth of cryptocurrency after posing as police officers and using fake police websites to deceive their targets. The Metropolitan Police identified the convicts as 29- years-old Anthony Ikenwe, …

Two Nigerians and their accomplice have been sentenced to jail in the United Kingdom for defrauding eight victims of more than four million pounds worth of cryptocurrency after posing as police officers and using fake police websites to deceive their targets. The Metropolitan Police identified the convicts as 29- years-old Anthony Ikenwe, …
Read More

Continue Reading
Crypto Currency

Argentina Freezes 25 Cryptocurrency Wallets in $LIBRA Token Probe

Argentine court freezes 25 crypto wallets in $LIBRA investigation, ordering exchanges to provide user identification and transaction records. The post Argentina Freezes 25 Cryptocurrency Wallets in $LIBRA Token Probe appeared first on Blockonomi…

Argentine court freezes 25 crypto wallets in $LIBRA investigation, ordering exchanges to provide user identification and transaction records.
The post Argentina Freezes 25 Cryptocurrency Wallets in $LIBRA Token Probe appeared first on Blockonomi…
Read More

Continue Reading
Crypto Currency

Bitmine nears its Ethereum buying limit – Now it needs demand to make the bet pay off

Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the cryptocurrency’s supply, ending a year of rapid accumulation that made the company the network’s largest corporate token holder. In his July Chairman message, Thomas Lee said Bitmine has amassed 5.7 million ETH…

Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the cryptocurrency’s supply, ending a year of rapid accumulation that made the company the network’s largest corporate token holder. In his July Chairman message, Thomas Lee said Bitmine has amassed 5.7 million ETH…
Read More

Continue Reading