Crypto News– In crypto news today, a wallet holding 687 BTC, dormant for a decade, has suddenly become active.
06 may Crypto News- What Happened Crypto Markets Today
This event coincides with Bitcoin clearing its one billionth transaction milestone — precisely 15 years, four months, and four days after its launch in January 2009. Additionally, crypto venture capital witnessed a significant surge in the first quarter, marking a reversal from three consecutive quarters of decline.
Satoshi-Era Dormant Bitcoin Address Activates After a Decade
A dormant Bitcoin address originating from the era when Satoshi Nakamoto was actively involved has recently shown activity after a 10-year hiatus. This Bitcoin wallet, holding 687 BTC valued at $43.9 million, initiated transfers to two separate wallets on May 6th.
The first transfer moved 625.43 Bitcoin to an address starting with bc1qky, while the remaining 61.9 BTC was sent to bc1qdc. Such movements from ancient wallets, particularly from the Satoshi era, tend to pique the interest of the crypto community.
The term Satoshi era refers to the early period after Bitcoin’s inception, during which its enigmatic creator, Nakamoto, was active in online forums. Some wallets from this era are often speculated to be associated with Satoshi himself.
According to a report by Fortune, approximately 1.75 million Bitcoin wallets have remained dormant for over a decade. Many of these wallets hold substantial BTC holdings, acquired when the price of BTC was in the double digits and is now valued in the millions.
These inactive wallets collectively house 1,798,681 Bitcoin, equivalent to approximately $121 billion at current market prices.
Bitcoin Achieves One Billion Transactions Milestone
The Bitcoin network has achieved a significant milestone by processing its one billionth transaction, marking a monumental moment for the network 15 years after its inception. Clark Moody’s Bitcoin dashboard indicates that transaction number 1,000,000,000 was recorded in block 842,241, mined at 9:34 pm UTC on May 5.
This milestone arrives precisely 15 years, four months, and four days after Bitcoin’s pseudonymous creator, Satoshi Nakamoto, mined the network’s inaugural block on January 3, 2009.
On average, this translates to approximately 178,475 daily transactions over the course of Bitcoin’s 5,603-day existence.
Exactly 15 years, four months, and four days after Bitcoin’s pseudonymous creator, Satoshi Nakamoto, mined the network’s inaugural block on Jan. 3, 2009, this milestone was reached.
This translates to an average of 178,475 daily transactions over the course of Bitcoin’s 5,603-day existence.
Billions Flow into Crypto Startups as Venture Capital Invests Heavily
In the first quarter, venture capital investments in crypto startups surged alongside the bullish market trend. Galaxy Research reports that venture capital firms injected $2.49 billion into blockchain and crypto startups from January to March, marking a notable 29% increase. This uptick in funding was supported by 603 funded deals, indicating a rebound following three consecutive quarters of decline.
Infrastructure startups comprised 24% of the total capital raised, with EigenLayer’s $100 million funding round leading the way. Meanwhile, Web3 firms secured 31% of the total capital raised.
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