2011 – 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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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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Another Mysterious Person Signs a 2009 BTC Address, Message Shared by Martin Shkreli Mentions Convicted Felon Paul Le Roux

DIGIT — Thu, 15 Dec 2022 18:30:45 +0000

Just recently, the crypto community discovered a bitcointalk.org forum user who signed a message from bitcoin block 1,018, and the signer associated the signature with an address first seen in 2022. Moreover, further investigation and evidence have tied block 1,018 to the now-deceased computer scientist Hal Finney’s bitcoin transactions. Two days ago, another signature and […]

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Thanks to the FTX Collapse, Bitcoin’s Price in November 2022 Looks to Join the 4 Previous Negative Novembers of the Past 11 Years

DIGIT — Sat, 19 Nov 2022 16:30:41 +0000

Since bitcoin’s price was first measured in fiat value in 2010, only four out of the 11 Novembers in bitcoin’s history have seen monthly declines. Eight of the Novembers in bitcoin’s price history saw bitcoin climb higher from the first of the month to the last day of November. Following the collapse of FTX, an […]

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6,522 ‘Sleeping Bitcoins’ Worth $107 Million Wake Up After 5 Years of Inactivity

DIGIT — Thu, 17 Nov 2022 09:00:25 +0000

On Nov. 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoin worth roughly $107 million after the coins sat idle for more than five years. While bitcoin’s value is 75% lower than it was a year ago, so-called sleeping bitcoins have been waking up amid the recent crypto market capitulation. While Bitcoin’s Price […]

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3,500 ‘Sleeping Bitcoins’ From 2011 Worth Over $60 Million Wake up After 11 Years of Slumber

DIGIT — Fri, 11 Nov 2022 17:30:50 +0000

On Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years. $60 Million Worth of 11-Year-Old Bitcoins Move Amid the Crypto Market Rout A large string of so-called ‘sleeping bitcoins’ moved on […]

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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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Bitcoin Traders Patiently Wait for ‘Uptober’ — Historical Prices Show BTC Gained 10 out of 13 Octobers

DIGIT — Tue, 18 Oct 2022 14:00:59 +0000

In recent times bitcoin’s volatility has been the lowest it’s been since 2020 and after last month’s market downturn, crypto enthusiasts expected a reversal in October. In fact, bitcoin has seen gains in October ten times out of the last 13 years, which has led crypto enthusiasts to call the month “Uptober.” While bitcoin is […]

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Bitcoin Interest-Bearing Accounts Were Conceived Over Ten Years Ago, but the Idea Took 8 Years to Catch On

DIGIT — Thu, 08 Sep 2022 21:30:43 +0000

While decentralized finance (defi) has created a plethora of protocols that make it so crypto assets can gather a yield, ten and a half years ago a bitcoin exchange called Bitcoinica introduced the first interest accruing system for bitcoin deposits. Despite being the first to test the waters, Bitcoinica eventually went bust after a series […]

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Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years of Dormancy

DIGIT — Mon, 05 Sep 2022 14:00:18 +0000

Last week Bitcoin.com News reported on two old bitcoin addresses created in 2013 sending 10,001 bitcoin to a myriad of wallets. Heuristics and clustering techniques indicate that the bitcoins were associated with Mt Gox, roughly around the same time the exchange was hacked in June 2011. Five days later, 5,000 bitcoins were transferred from a […]

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