Around 88 days ago, on Dec. 4, 2023, a mysterious mega whale, closely watched by onchain analysts at Bitcoin.com News, made waves again by transferring 2,000 ancient bitcoins from 2010 that was confirmed in a single block. Since March 2020, this entity has relocated a whopping 16,000 bitcoins that had been dormant since the day […]
Mystery Bitcoin Whale Resurfaces, Transfers 1,000 BTC Worth $41M From String of 2010 Era Addresses
Emerging from obscurity since 2021, a prominent bitcoin whale, originating from the 2010 period, has recently transferred 20 block rewards, equivalent to 1,000 bitcoins valued at $ 41.87 million based on present exchange rates. This is not the whale’s first such activity; they have previously executed similar transactions, involving sets of 20 block rewards, …
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $ 62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $ 40 billion threshold, the total value locked (TVL) in defi hangs on by a thread. Concurrently, …