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Your email address will not be published.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

Zcash (ZEC) Eyes 8.68% Surge Amid Bearish Pressure

Zcash (ZEC) operates through two simultaneous processes. The market experiences a short-term price increase, yet investors maintain their cautious outlook. This contrast defines the current market. ZEC trades at $238.37, which represents a 3.23% increase over the past 24 hours. The asset outperforms both the overall cryptocurrency market…

Zcash (ZEC) operates through two simultaneous processes. The market experiences a short-term price increase, yet investors maintain their cautious outlook. This contrast defines the current market. ZEC trades at $238.37, which represents a 3.23% increase over the past 24 hours. The asset outperforms both the overall cryptocurrency market…
Read More

Continue Reading
Crypto Currency

UK Bans All Cryptocurrency Donations to Political Parties

The UK has banned all cryptocurrency donations to political parties to prevent untraceable funds influencing elections, with an approximately $134,000 annual cap on donations and regulated loans by British citizens abroad. New Caps on Overseas Contributions The United Kingdom has officially banned all cryptocurrency donations to political parties…

The UK has banned all cryptocurrency donations to political parties to prevent untraceable funds influencing elections, with an approximately $134,000 annual cap on donations and regulated loans by British citizens abroad. New Caps on Overseas Contributions The United Kingdom has officially banned all cryptocurrency donations to political parties…
Read More

Continue Reading
Crypto Currency

Michael Saylor Exposes the Fatal Flaw in Peter Schiff’s Anti-Bitcoin Argument

Michael Saylor, Executive Chairman of Strategy (MicroStrategy), hit back at Peter Schiff after the goldbug posted data suggesting Bitcoin (BTC) had lagged gold, silver, and equities over five years. The exchange reignited a long-running public feud between two of the loudest voices on opposite sides of the Bitcoin-versus-gold divide…

Michael Saylor, Executive Chairman of Strategy (MicroStrategy), hit back at Peter Schiff after the goldbug posted data suggesting Bitcoin (BTC) had lagged gold, silver, and equities over five years. The exchange reignited a long-running public feud between two of the loudest voices on opposite sides of the Bitcoin-versus-gold divide…
Read More

Continue Reading
Crypto Currency

Analyst Identifies $63,000 As Key Support For Next Bitcoin Move

A popular crypto trader has come forward on the social media platform X to predict that the Bitcoin price might soon head further downwards to the $63,000 level. This prognosis is based on the liquidity dynamics that have, over the past few weeks, driven the flagship cryptocurrency’s price. …

A popular crypto trader has come forward on the social media platform X to predict that the Bitcoin price might soon head further downwards to the $63,000 level. This prognosis is based on the liquidity dynamics that have, over the past few weeks, driven the flagship cryptocurrency’s price. …
Read More

Continue Reading