Click Here to sign up! Your email address will not be published. BTC from the earliest days of the network moved today. Could Bitcoin creator Satoshi Nakamoto be behind the transaction? A 50 BTC transaction representing a block reward from a month after the Bitcoin network launched moved today. The coins were awarded for mining block 3, Several pundits have naturally associated that early mining activity with pseudonymous Bitcoin inventor Satoshi Nakamoto.
Blocks believed to have been mined by Satoshi have a particular pattern in their nonces, a cryptographic number that can help identify blocks. According to that pattern, these Bitcoin do not appear to have originated from Satoshi. Another analyst noted that the transaction marks the first time that early origin Bitcoin has moved since August of Nevertheless, on-chain sleuths will closely watch the path of the coins as the transaction was undoubtedly from an early Bitcoin miner and large holder.
If these 50 BTC continue to move, then a lot more about this story will be revealed. In a recent weeks, a widening range of Wall Street titans from Goldman Sachs to the New York Stock Exchange have signaled they are interested in expanding their footprints in the booming cryptocurrency universe in various forms. While many market observers believe the entry of established Wall Street banks and exchange operators is a positive for the alt-coin space, some analysts believe there are hurdles facing banks looking to expand their presence in the crypto space.
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On Feb. One positive on-chain data point that raises the chances of a Bitcoin breakout is the increase of whale addresses. Read the full article at CoinTelegraph. Trade Bitcoin With Binance! Connect with us. Share Tweet. You may like. Click to comment.
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