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This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleeping’ bitcoins from Bitcoin’s early days, it’s a good time to reflect on just … Read more
In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an … Read more
Roughly seven days ago the owner of Twitter, Elon Musk, disclosed that the social media platform planned to purge 1.5 billion Twitter names if they were inactive or the accounts haven’t logged in for years. After the statement, bitcoiners grew concerned that the now-deceased computer scientist Hal Finney’s Twitter account would be terminated. It seems … Read more
On Dec. 9, 2022, Twitter’s owner Elon Musk told the public that the social media company plans to purge 1.5 billion accounts. Musk further added that the deletions would be obvious accounts that have no tweets or they haven’t logged in for years. However, after Musk announced this plan, a great number of cryptocurrency proponents … Read more
On October 7, 2022, a bitcoin supporter named Jim Blasko explained that he discovered the oldest upload of Bitcoin’s version 0.1 codebase. The original code was thought to have been lost for more than a decade and with a “little browser hacking” Blasko was able to find the lost version 0.1 raw data and files … Read more
13 years ago today, the anonymous creator of the Bitcoin protocol kickstarted the network by mining the genesis block. Satoshi started the genesis block on Saturday, January 3, 2009, at precisely 1:15 p.m. (EST), and since then more than 700,000 blocks have been mined into existence. Kickstarting the Bitcoin Network Today, bitcoiners and cryptocurrency advocates … Read more
The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price of bitcoin to be extremely bullish during the months of November and December, and many expected a $100K bitcoin price by the year’s end. However, … Read more
Following Jack Dorsey’s resignation announcement on Monday, two days later Dorsey’s payments company, Square Inc., disclosed that it was rebranding and changing its name to Block Inc. The company said the name Block has “many associated meanings” including the term “blockchain.” Square Changes Name to ‘Block’ — Square Crypto Rebrands to ‘Spiral’ On Wednesday, Square … Read more
Approximately 378 days ago, before the bitcoin bull market started to heat up, a unique block was spent stemming from a coinbase reward created 37 days after the Bitcoin network launched. It seems roughly ten coins from the block reward were sold to an exchange, but 40 bitcoin worth $1.4 million at today’s exchange rates … Read more
Just recently three previously unpublished emails from Bitcoin’s inventor, Satoshi Nakamoto, have been made public. The emails reveal the correspondence between Satoshi and the early Bitcoin developer Hal Finney. The communications between Nakamoto and Finney stem from November 2008 and January 2009, the very month Bitcoin was launched. On November 27, three emails that have … Read more
