Skip to main content

Dormant Bitcoin Wallet From 2010 Makes Rare Transaction on 13th Anniversary of Bitcoin Pizza Day

Dormant Bitcoin Wallet From 2010 Makes Rare Transaction on 13th Anniversary of Bitcoin Pizza Day

As bitcoin enthusiasts commemorate Bitcoin Pizza Day, marking the 13th anniversary of Laszlo Hanyecz’s acquisition of two pizzas for 10,000 BTC on May 22, a dormant sleeping bitcoin wallet from July 2010 has made a transaction of 50 BTC after almost 13 years.

Bitcoin Wallet From 2010 Comes Out of Hibernation on Bitcoin Pizza Day

On Monday, May 22, 2023, bitcoin supporters are observing the landmark event when software programmer Laszlo Hanyecz traded 10,000 BTC for two Papa John’s supreme pizzas. Valued at $266 million at current exchange rates, Hanyecz has repeatedly stated that he has no regrets about the decision.

Coinciding with the 13th-anniversary celebrations of Bitcoin Pizza Day, a long-time bitcoin holder opted to spend 50 BTC from an address established on July 12, 2010. The original acquisition transaction took place just 51 days after Hanyecz utilized his 10,000 Bitcoins and the coins are now worth $1.33 million based on current BTC exchange rates.

Throughout this year, there have been numerous instances of block reward expenditures from 2011 or inactive bitcoin addresses from later years; however, only four transactions involving block rewards from 2010 have occurred in 2023 thus far. The block subsidy spent by the address “1B67K” also includes 50 bitcoin cash (BCH), which remains untouched today with a value of $5,736.

The transfer was found to lack privacy by Blockchair’s privacy tool, revealing “critical” issues that could lead to address tracking. A “critical” rating indicates that Blockchair identified aspects that significantly compromise the privacy of those involved — for example, matched addresses were detected in the 50 BTC transaction made on Monday.

Btcparser.com spotted the transaction from 2010 on its chain parsing platform and there’s been three other exchanges from the same year: one occurring on March 20, 2023, another taking place on February 1, 2023, and another that happened on April 22, 2023. Prior to the February instance, a previous transfer involving a 2010 block subsidy took place on December 30, 2022. Data from late 2022 and early 2023 reveal that transactions from 2010 have become increasingly scarce.

What do you think about the increasing rarity of transactions from 2010 bitcoin wallets? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/sH5Ydqk
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more