2010 – DIGIT INFO

1.71 Million BTC From 2009-2012 Block Rewards Still Dormant, Worth Over $100B

DIGIT — Sun, 22 Sep 2024 16:30:34 +0000

This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleeping’ bitcoins from Bitcoin’s early days, it’s a good time to reflect on just […]

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Bitcoin activity drops to lowest level since 2010

DIGIT — Fri, 28 Jun 2024 09:04:02 +0000

The lack of retail participation is suspected of dropping Bitcoin wallet activities as celebrity memecoins attract speculators away from more established cryptocurrencies.

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Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

DIGIT — Mon, 02 Jan 2023 18:30:15 +0000

In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an […]

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BTC Wraps up 13 Consecutive Years of Recorded Market Value, With No Santa Rally in 2022

DIGIT — Sun, 25 Dec 2022 16:30:49 +0000

By the end of this year bitcoin will have 13 consecutive years of recorded market value under its belt. Seven of those years saw Santa rallies all the way up until New Year’s Eve, and five of the 13 years saw bearish returns from Dec. 1 to Dec. 31. There’s still six more days left […]

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‘Sleeping Bitcoin’ Spends Slow Down Considerably in 2022, as 92 Decade-Old BTC Worth $1.79 Million Wake Up

DIGIT — Tue, 25 Oct 2022 14:00:13 +0000

While the price of bitcoin has remained range bound and coasting along just above the $19K zone, over 60% of the bitcoin in circulation has not moved in a year or more. Moreover, there’s been very few transfers from bitcoins stemming from 2010, and it’s been more than two months since the last 2010 block […]

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Peter Thiel Says His ‘Biggest Mistake of the Decade Was Getting Too Late and Too Little Into Bitcoin’

DIGIT — Sat, 19 Mar 2022 21:30:44 +0000

During a discussion published on March 12, 2022, the billionaire entrepreneur and venture capitalist, Peter Thiel discussed how he built Paypal with fellow co-founders Max Levchin, David Sacks, and Luke Nosek. Toward the end of the hour-long conversation, the topic quickly turned to cryptocurrencies and Thiel stressed that his “biggest mistake” during the last ten […]

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2 ‘Sleeping Bitcoin’ Block Rewards From 2010 Wake up After Sitting Idle for More Than a Decade

DIGIT — Fri, 18 Feb 2022 17:30:54 +0000

During the last week bitcoin’s USD value has shed close to 9% as it slipped from $44,239 per unit two days ago, to below the $40K range on Friday. Meanwhile, in the last 24 hours, two sleeping bitcoin block rewards from 2010 woke up after more than a decade of sitting idle. The 100 bitcoins […]

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Bitcoin’s Bearish Prices at the End of 2021 Not Much Different Than 8 Previous Year-End Cycles

DIGIT — Mon, 20 Dec 2021 18:30:30 +0000

The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price of bitcoin to be extremely bullish during the months of November and December, and many expected a $100K bitcoin price by the year’s end. However, […]

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Hundreds of Millions Worth of ‘Sleeping Bitcoins’ Woke up After BTC’s Mid-November Price High

DIGIT — Sun, 19 Dec 2021 17:00:01 +0000

On Sunday, December 19, a dormant address that received 235 bitcoin in 2013 was activated after more than nine years of sitting idle. Bitcoin’s price has dropped lower after reaching its all-time high on November 10, and throughout December, records show a great number of so-called ‘sleeping bitcoins’ have activated during this period. Dormant Addresses […]

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Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community

DIGIT — Fri, 08 Oct 2021 17:00:45 +0000

Over the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative […]

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