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Your email address will not be published.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

GR8_TECH puts crypto payments speed to the test

Cyprus gaming tech firm GR8_TECH is as confident as ever in its payment processing abilities, particularly of its cryptocurrency platform. The company has been involved in the crypto scene for a number of years, and sees particular opportunities in the burgeoning crypto betting industry. To test the speed of its own crypto payments solution…

Cyprus gaming tech firm GR8_TECH is as confident as ever in its payment processing abilities, particularly of its cryptocurrency platform. The company has been involved in the crypto scene for a number of years, and sees particular opportunities in the burgeoning crypto betting industry. To test the speed of its own crypto payments solution…
Read More

Continue Reading
Crypto Currency

10 Cryptocurrency Heists Straight Out of a Hollywood Movie

Forget masked robbers, getaway cars, and elaborate bank vaults. Some of the biggest heists of the modern era have required little more than laptops, stolen credentials, clever code, and an understanding of systems holding billions of dollars in digital assets. Cryptocurrency has created a new kind of crime story…

Forget masked robbers, getaway cars, and elaborate bank vaults. Some of the biggest heists of the modern era have required little more than laptops, stolen credentials, clever code, and an understanding of systems holding billions of dollars in digital assets. Cryptocurrency has created a new kind of crime story…
Read More

Continue Reading
Crypto Currency

Trump’s profits irk Americans as Dems test anti-corruption message

A majority of Americans believe President Trump has profited inappropriately from a cryptocurrency empire while in office and disapprove of his family’s global business activity, according to recent polls.Why it matters: Democrats are leaning into those concerns in their own midterm messaging — and laying the groundwork to audit Trump’s historically lucrative presidency should they

A majority of Americans believe President Trump has profited inappropriately from a cryptocurrency empire while in office and disapprove of his family’s global business activity, according to recent polls.Why it matters: Democrats are leaning into those concerns in their own midterm messaging — and laying the groundwork to audit Trump’s historically lucrative presidency should they emerge victorious.While Trump has argued “nobody cared” whether he and his family pursued business deals abroad during his first term…
Read More

Continue Reading
Crypto Currency

UK shuts crypto firm over alleged Ponzi scheme

A UK crypto investment company that promised investors returns of up to 100 per cent has been shut down after an investigation found no evidence that it carried out genuine cryptocurrency trading. Key Coin Assets Ltd was wound up by the High Court in London on August 11 following action by the Insolvency Service…

A UK crypto investment company that promised investors returns of up to 100 per cent has been shut down after an investigation found no evidence that it carried out genuine cryptocurrency trading. Key Coin Assets Ltd was wound up by the High Court in London on August 11 following action by the Insolvency Service…
Read More

Continue Reading