‘Ancient’ Bitcoin Well Moves More BTC Since 2009: Arkham
An “ancient” Bitcoin well that mined BTC in the first two months of the Bitcoin network has moved more BTC to Kriken Kriken, according to a blockchain data firm.
“This was a month after Bitcoin launched in February/March 2009,” Arkham Intelligence pointed out in an October 4 X post.
The mysterious Bitcoin whale transferred 10 Bitcoin (BTC) — worth $610,000 — in its last transfer on October 3.
They've now moved $3.58 million into Kraken as of September 24. Before that, the wallet address had been dormant for ten years, Arkham said in an earlier X post.
From 2011-2014, his bitcoins were kept dormant for almost 10 years after being floated several times – during which time the value increased from 474 thousand dollars to 80 million dollars.
The “3JZsd…QerUW” wallet address currently holds 1,169 bitcoins (BTC) — worth $72.4 million at today's price — Arkham data shows.
Source: Arkham Intelligence
The real identity of Bitcoin's pseudo-anonymous creator, Satoshi Nakamoto, is being retold.
HBO's “Money Electric: The Bitcoin Mystery” documentary is set to air on October 8, revealing the identity of Nakamoto.
RELATED: EXCLUSIVE: Inside a Secret Bitcoin Vault in a Swiss Nuclear Stockpile
The late American computer scientist Len Sassaman is likely to be named Nakamoto in an HBO documentary.
Sassaman was a famous cypherpunk who killed himself in July. In the year
The Sassaman memorial is placed in block 138,725 of the Bcoin blockchain.
It is unclear exactly what Sassaman had to do with Bitcoin.
However, Cointelegraph found several posts by 13-year-old Sasaman X criticizing Bitcoin for its lack of “privacy” features and “fraud reversal protection”.
In the year X's Bitcoin related posts shared from Sasaman X's account in 2011. Source: Len Sassaman
In the year In 2021, Meredith Patterson, Sassaman's late wife, said, “To my knowledge, Len Satoshi was not the best.”
Bitcoin is currently trading at $61,815 — up 1.5% in the last 24 hours, but still down 16% from March. 14 all-time high of $73,738, CoinGecko data shows.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot' for hackers and governments: Trezor CEO
