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Almost $ 50 million in Bitcoin from 2011 moved for the first time in 10.5 years – News – Crypto News

On December 29th, two addresses from 2011, each with 500 bitcoins, transferred 1,000 coins for the first time in 10.5 years. Additionally, another wallet from 2011 woke up on Wednesday, moving 40 bitcoin for the first time in over a decade.

1,040 Bitcoin from 2011 are moving for the first time in 10.5 years

On Wednesday, a address created on July 10, 2011 at 11:22 p.m. (UTC) with 500 Bitcoin (BTC) transferred the BTC for the first time in 10.5 years. Another wallet created on the same day in 2011, distributes another 500 BTC Worth more than $ 23 million at the time of broadcast.

In addition, a wallet from August 12, 2011 with 40 BTC valued at $ 1.8 million transferred coins for the first time in over a decade. At the time of transfer, BTC was trading for $ 47,500 per unit, and the sum of 1,040 BTC as of 2011, which were issued on Wednesday, were worth over $ 49 million.

Three transactions from wallets created in 2011 moved 1,040 Bitcoin (BTC) on December 29th, 2021.

It can be assumed that the 1,000 BTC came from the same owner as the Bitcoin wallets were both created on July 10, 2011. It is possible that the 40th BTC could have been the owner as the 40th BTC Wallet was created about a month later.

Aside from four previous transactions from 2011 this month, there weren’t that many Bitcoin issues for 2011 in December. Two Coinbase rewards were issued for December 1 and December 14th. Ten Bitcoin (BTC) from a wallet created in 2011 was transferred to 11th December and 20 BTC from another wallet created in 2011, touched on the same day.

Researchers believe exchanges may covet old bitcoins

The Bitcoin wallet, the 500. sent BTC sent the money with a “Moderate” level of privacy or a score of 65 according to the data protection tool from blockchair.com. During the shipment, four issues were identified as “several indicators we were able to link the similar types of addresses involved in this transaction” including “matching addresses identified”.

Bitquery.io data shows that one of the transfers may have been tied to a known Coinbase address. The data protection tool from blockchair.com also gives the other 500 BTC Transaction the same rating, and Bitquery.io Data from this address shows the flow of money tied to a known Coinbase address.

When the 40th BTC was transferred, privacy was lower and had a Rank of 45 according to the key figures from blockchair.com. Just like the previous two BTC Transmissions from 2011 tied outbound mail to matching addresses.

Almost $ 50 million in Bitcoin from 2011 moved for the first time in 10.5 years – News – Crypto News, Crypto Trading News
Bitquery.io statistics show the wallet that moved 40 bitcoin (BTC) on December 29th, 2021.

Bitquery.io statistics indicate that another known Coinbase address is tied to the wallet’s cash flow. The 1,040 BTC The coins sent on Wednesday follow similar patterns as many of the old coins transferred in 2021. Telegram Channel Researchers “gfoundinsh * t“And the creator of Btcparser.com Bitcoin.com News told the old coins could be coveted by exchanges.

“We at (GFiS) have a theory as to why some large exchanges may want old bitcoins,” the researchers said. “The presence of these old bitcoins can help cleanse a whole pool of bitcoins that may already be dark in tones. And if you mix it up now with the white and shiny 2010-2011, it will help them all pass various AML and risk analysis bots. “

Almost $ 50 million in Bitcoin from 2011 moved for the first time in 10.5 years – News – Crypto News, Crypto Trading News
Statistics from amlbot.com showing the risk score for the two old Bitcoin addresses that hit the 1,000. have sent BTC.

Statistics of amlbot.com Indicate that the addresses that sent the 500 BTC had low risk ratings. The money from the address that sent 40 BTC derived from an address that once 31,723. contained BTC and emptied the last of his coins on May 11, 2012 when it was 101. sent BTC.

the Transaction hash data that shows the 1,000 BTC sent, makes it appear that the funds that came from a miner were sent as ten addresses 50 BTC to the wallet and 0.05437193 BTC was paid with fees. It is not certain whether these coins were sold in the open market or even over the counter (OTC) as the owner of these old school coins could have moved them to be distributed to addresses with smaller amounts of money.

What do you think of the 1,040 Bitcoin from 2011, which moved on Wednesday for the first time in 10.5 years? Let us know what you think on this matter in the comments below.

Almost $ 50 million in Bitcoin from 2011 moved for the first time in 10.5 years – News – Crypto News, Crypto Trading News

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.




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Source: Crypto News Austria

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