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Reddit removes moderators involved in alleged insider trading of Moon tokens

On Oct. 18 Reddit closed its blockchain based points program that involved the use of certain crypto tokens native to subreddits.

Reddit’s r/Cryptocurrency community has fired two moderators who were found to be involved in insider trading of the Moon token, Cointelegraph has confirmed.

As Cointelegraph reported on Oct. 20, at least three wallets linked to Reddit group moderators dumped hundreds of thousands of dollars worth of Moon tokens on Oct. 18, just minutes before the official announcement of the closure of the blockchain-based points program that involved the use of certain cryptocurrencies native to each community. The market dump by the three wallets was highlighted by on-chain analysis accounts on X (formerly Twitter) such as Lookonchain.

The Reddit moderators were made aware of the closure of the blockchain-based points program an hour earlier than the official announcement. The Reddit announcement caused the token to drop by nearly 85% to $0.0198 but two moderators managed to sell just in time to make more gains than the rest of the unaware community.

Related: Reddit community tokens soar on Kraken listing

Cointelegraph reached out to r/Cryptocurrency to understand the insider trading allegations and how the investigation went through. u/mellon, a core contributor and founder of  told Cointelegraph that two moderators were removed while three others are being investigated:

“2 mods got removed as they sold their Moons before the official announcement from Reddit: u/rider_of_the_strom u/McGillby. "

The program allowed participants on the platform to earn points and spend them using community-native crypto tokens such as Moon. In the r/CryptoCurrency subreddit, users who post or leave comments are given the ERC-20 token MOON, which they can freely exchange, tip, or use for other purposes in the community.

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DeSci-focused DAO community funds cancer research

VitaDAO community agreed to fund an early-stage cancer research through the launch of a biotech company named Matrix Biosciences.

VitaDAO, a decentralized collective dedicated to early-stage longevity research, funded the launch of a biotech company, Matrix Biosciences, dedicated to the treatment of cancer and aging diseases.

The initial discussions around the use of high molecular weight hyaluronic acid (HMW-HA) for anti-cancer and pro-longevity effects started off in November 2022 and gained majority consensus in March 2023. The proposal snapshot reveals that 35 members cast their votes using VITA tokens.

The VITA token holders voted to agree or disagree with VitaDAO funding the HMW-HA cancer research venture. Source: snapshot.org

Out of the lot, 30 members supported the cause, 4 members abstained from voting, and 1 voted against the proposal. As an active contributor in decentralized science (DeSci), VitaDAO made an initial investment of $300,000 and plans to carry out further funding through tokenization of intellectual property (IP) in early 2024.

The HWA-HA compound is derived from the tissues of naked mole rats, a type of rodent that possess stronger cancer resistance which is responsible for their higher lifespan.

Speaking to Cointelegraph, a VitaDAO spokesperson revealed that the funds have been provided to Matrix Bio by converting USD Coin (USDC) stablecoins from the community treasury to the US dollar and wired to their bank account.

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Once the first batch of experiments is complete, Matrix Bio will have the option to raise additional funding by issuing IP Tokens (IPTs) in return for sharing governance rights in the ongoing development of the IP. The next round of fundraising will commence after the budget for the next phase of development is established, expected in Q1 2024.

VitaDAO believes modulating HMW-HA appears to be a viable therapeutic candidate in supporting the treatment of a complex disease like cancer. The DAO told Cointelegraph:

“Like most early-stage research, it is too early to know what the outcome of the research will provide. VitaDAO believes there is a high likelihood that the research will be translatable to the clinic.”

While the DAO’s commitment to funding this particular cancer research will depend on the results obtained from the various experiments, VitaDAO’s community treasury has in the past funded up to $1 million of a research project’s needs before enlisting the support of professional investors and pharma stakeholders.

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Elon Musk told to dump Satoshi ‘X’ account: crypto community

The crypto community has asked Elon Musk to remove the X account under the name of Satoshi Nakamoto claiming it is in breach of the platform’s terms of use.

Members of the crypto community have rallied behind a post on X calling for Elon Musk to remove the profile on the platform that has been claiming to be the fabled creator of Bitcoin (BTC) Satoshi Nakamoto. 

On Oct. 3 the X profile Pledditor posted saying both the account claiming to be Satoshi Nakamoto and the account with the handle “Bitcoin” should be removed as they are breaching the platform’s terms of service for using "misleading and deceptive" identities.

Pledditor continued to highlight the areas of the terms and conditions in which they believed the accounts to be violating. 

“You can't misappropriate someone else's identity without disclosing you are a parody account. It's no different than making a fake 'Tesla' or 'Elon Musk' account.”

The terms and conditions of the X platform have a specific policy for misleading or deceptive identities, in which it says, “[users] may not misappropriate the identity of individuals, groups, or organizations or use a fake identity to deceive others.”

It defined this as impersonation of someone who already exists, and also deceptive identities which it defines as misleading the public with an identity that isn’t real.

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Aside from the ongoing controversy over the true identity of Satoshi Nakamoto, which has been a subject of discussion in the Bitcoin and crypto community for years, the account has been claimed to be run by an X user named Andy Rowe back in 2018.

On July 2, 2018 Rowe posted saying he curates “quotes” for the Satoshi account.

The account has been quiet since Oct. 31, 2018. However, on Oct. 2 of this year, the account made a new post saying “Bitcoin is a predicate machine” and then going on to explain how it will “explore different aspects of the whitepaper” over the coming months. 

Members of the crypto community rallied behind Pledditor’s post calling the account “embarrassing” and that this “needs to happen now.” One user said he previously tried to reach out to administrators about those accounts but was ignored.

Another user called for the accounts to be disabled and likened them to what X did with the account with the handle “@internet.”

Satoshi’s true identity remains a mystery, with many takers over the years. The most prominent claim of Satoshi’s identity is from Craig Wright. 

On July 21, a court in the United Kingdom granted Wright an appeal in the Bitcoin rights lawsuit, in which he claimed copyright to the Bitcoin white paper and database.

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Binance successor in Russia: Everything you need to know about CommEx, so far

The sale has sparked chatter among local crypto enthusiasts, who say the two sites appear so similar that CommEx could be a “Russian version” of Binance.US.

Cryptocurrency exchange Binance has claimed that it will fully quit Russia by selling its local business to a completely new exchange known as CommEx. While promising its customers a “smooth” migration, Binance hasn’t provided much information about its successor in Russia.

At the time of the announcement, little is known about CommEx’s founders or background. The exchange was launched on Sept. 26, 2023, or just one day before Binance announced the sale of its business to the newly created exchange for an undisclosed amount.

A spokesperson for CommEx didn’t respond to multiple questions from users about the company’s owners or executives in the official Telegram group. The person claimed that CommEx is registered in Seychelles and will serve its customers as a global exchange, focused on two main regions: the Commonwealth of Independent States (CIS) and Asia.

CommEx already on Binance-owned CoinMarketCap

At launch, CommEx supports only a browser version, with the firm promising to introduce a mobile app in the near future. Despite being launched just one day ago, CommEx is already listed on CoinMarketCap, a major crypto tracking website which Binance acquired in April 2020. On the other hand, rival market tracker CoinGecko doesn’t include any information about CommEx at the time of writing.

According to CoinMarketCap data, CommEx lists 25 trading pairs at launch, including stablecoins like Tether (USDT) and Binance’s BNB (BNB) cryptocurrency. “CommEx is a rapidly expanding cryptocurrency exchange, backed by top-tier crypto VCs,” the description of the new exchange on CoinMarketCap reads.

CommEx will initially support peer-to-peer (P2P) transactions in Russia, allowing users to exchange their crypto without using the platform’s fiat channels. The platform will launch spot trading of USDT against Russia’s fiat currency, the ruble, once fiat channels are live, according to a spokesperson in CommEx’s Telegram group.

A spokesperson for Binance told Cointelegraph that it will be “entirely optional” for Binance users to move over to CommEx. “You may also withdraw your funds to another platform if you'd like,” the person noted, adding that users would still be able migrate their assets to CommEx. The spokesperson noted:

“Russia KYC’d new users registration will immediately be redirected to CommEX. Then, over the next several months, Binance will sunset all exchange services and business lines in Russia.”

According to the CommEx representative, the platform’s users will be able to trade without completing Know Your Customer (KYC) checks for up to 2 Bitcoin (BTC) withdrawals. The firm will not allow account registration or services for locations including the United States, Belgium, Republic of Cyprus, Czech Republic, Netherlands, Singapore as well as sanctioned regions like Iran and Crimea, CommEx’s location restrictions page reads.

The spokesperson also said that it’s unlikely that Binance’s contactless payment tool Binance Pay will continue to work with CommEx.

Users question CommEx ownership

Binance's announcement has triggered some speculation in the local crypto community regarding the owners of Binance’s successor in Russia. Some users have found similarities in the layouts of Binance and CommEx’s websites, while others said that CommEx was a “full copy” of Binance’s website.

“They just changed the logo and colors but essentially it’s the same website. I wouldn’t be surprised if Russian tops who left banana [Binance] would be managing directors here,” one commenter wrote in a now-deleted comment on CommEx’s Telegram group.

Among some of the similarities, one may observe significant resemblances between Binance and CommEx’s privacy notices as well as other website pages like terms of use. For example, CommEx’s privacy notice essentially provides a reworded copy of Binance’s privacy notice, closely following its structure and many formulations.

An excerpt from CommEx’s privacy notice. Source: CommEx
An excerpt from Binance’s privacy notice. Source: Binance

Russia has been one of Binance's biggest markets, and the country is listed as the top market in terms of user visits for the website Binance.com, accounting for 6.9% of total visits at the time of writing, according to data from SimilarWeb.

“I don’t think that CZ [Changpeng Zhao] is ready to abandon such a huge pie like Russia and leave just like that,” one local cryptocurrency observer told Cointelegraph. Some people in the community have drawn parallels between CommEx in Russia and Binance’s affiliate in the United States, Binance.US, which has been claiming to operate "independently" from Binance.

“It looks like some sort of Binance.US but just without the word ‘Binance’ in its name,” another local crypto enthusiast told Cointelegraph.

Related: Binance and CEO Changpeng Zhao ask court to dismiss SEC suit

A spokesperson for Binance declined to comment on whether the company is aware of CommEx’s founders or executives. CommEx’s spokesperson declined to comment immediately, stating that the firm is focused on "platform optimization and stability" as the CommEx website briefly went down amid Russian users rushing to the website after Binance made the announcement. CommEx's Russian Telegram group, which had just about 50 members before the announcement, now counts nearly 2,000 users.

“With this sale, Binance fully exits Russia. We have no plans to get back,” a spokesperson for Binance told Cointelegraph.

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Friend.tech look-alike ‘Alpha’ emerges on Bitcoin network

A new social token network called Alpha has emerged, rivaling the popular Friend.tech platform but built on top of the Bitcoin blockchain.

The Bitcoin network got its own community-based social token ecosystem after a new project called Alpha emerged overnight. 

As a decentralized social network protocol, Alpha is similar to the widely-known Ethereum-based platform Friend.tech. It allows users to monetize their online persona and content creation via its social tokens.

However, unlike Friend.tech, Alpha has a different makeup. The finality is anchored on the Bitcoin blockchain, while the Polygon blockchain is used for data storage, with Trustless Computer being the project’s own scaling network for Bitcoin. 

One of the co-founders of the project is a pseudonymous user dubbed Punk3700, who is quoted describing the makeup of Alpha as “a rollup that rolls up to another rollup that rolls up to Bitcoin.” 

Cointelegraph spoke with Punk3700 to better understand the developments behind the launch of the new Bitcoin-based social token network.

“Alpha implies a layered architecture that includes NOS-TC. Trustless Computer (TC) is an optimistic rollup layer that centers directly on the Bitcoin blockchain. NOS is implemented as another optimistic product of layers to provide additional scalability on Bitcoin.”

He said the optimistic rollup layers “work in tandem” to provide security and efficiency for the environment to deploy decentralized applications.

“NOS is configured with a hybrid design that uses Bitcoin for data validity,” he said, “and then uses Polygon for data storage — in the end, we settle on Bitcoin.”

“​​This will allow for flexibility with data storage for different needs because the fee on Bitcoin is insanely expensive. We believe that for those kinds of actions, we shouldn’t pay a lot.”

He said building up Alpha in this way helps benefit the users in terms of lowering transaction fees. According to Punk3700, users and the community are the main drive for the creators of the Alpha platform, who developed and launched in only 48 hours.

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“Alpha has a strong community-driven development approach,” Punk3700 said. He mentioned a new referral program currently being built, which will allow users to earn 1% of their friends’ trading volume.

“This will encourage users to invite their friends into the platform and also will inspire content creators to create more valuable content.”

Alpha works by users purchasing tokens connected to content creators themselves, which are used to access exclusive content.

While Alpha is quickly amassing new users since its launch, Friend.tech recently posted on X (formerly Twitter) about its decision to punish users who use forks of copycat versions of its platform.

“To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies will automatically opt out of earning Points and forfeit existing points,” it posted. 

That came shortly after critics announced the platform as “dead” after a slump in key metrics, including user activity, inflows and volume. It also struggled with rumors of a data leak — refuted by Friend.tech — of over 100,000 of its user’s personal data being breached.

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The Truth Behind Cuba’s Bitcoin Revolution: Video

Cointelegraph’s latest documentary takes viewers to Cuba, the land of classic cars, communism, hyperinflation and Bitcoin.

Cuba, a country known for its unique blend of rich history, vibrant culture and political isolation, is the focus of Cointelegraph’s latest on-the-ground documentary. The Truth Behind Cuba’s Bitcoin Revolution explores Bitcoin’s (BTC) impact in one of the world’s last remaining communist states. 

The documentary provides a firsthand account of how Cubans are using Bitcoin to navigate challenging economic circumstances, attract new businesses and save money in a censorship-heavy environment.

Journalist and Bitcoin enthusiast Joe Hall embarked on the journey to Cuba, determined to witness and capture the “Bitcoin revolution” that gained prominence in Alex Gladstein’s book Check Your Financial Privilege. Gladstein explains how Cubans have harnessed Bitcoin’s stateless, low-fee nature to escape financial oppression and secure their savings.

The documentary explores how Bitcoin has taken root in the Cuban financial landscape, brought to life through interviews and interactions with Cubans, as well as the co-founders of the “Cuba Bitcoin” community — Forte, Catrya and Bitalion (not their real names). Paco de la India, a regular Cointelegraph contributor, traveled with Hall and provides feedback and commentary throughout the documentary.

Bitcoin users in Cuba primarily engage in peer-to-peer transactions, buying and selling Bitcoin through Telegram and Signal groups. They run nodes with limited resources and evade online surveillance and access banned internet sites with VPNs.

Unlike many countries, Cuba is devoid of centralized crypto exchanges such as Coinbase or Binance. Plus, Cubans are banned from creating accounts due to the country’s poor diplomatic relations with the United States.

Consequently, the environment for Bitcoin in Cuba is a unique ecosystem that operates almost entirely outside of the reach of the state. Moreover, the resilient Bitcoin community is set against a backdrop of economic hardship. Seventy-two percent of Cubans live below the poverty line, and while the minimum monthly wage is approximately $30, Catrya — one of the documentary’s main characters — explains that it is closer to $13.

Reporter Joe Hall, Paco de la India and only $200 in Cuban peso bills.

Cuba’s economic hardships are exacerbated by hyperinflation, with the Cuban peso losing more than 940% of its value in the last two years. Through testimonials and interviews with Cubans across Havana, it’s clear that Bitcoin has emerged as a lifeline for those looking to protect their savings from currency devaluation.

Related: Cuba Bitcoin community hosts BTC-only meetup

The documentary captures the grassroots adoption of Bitcoin in Cuba. It also highlights the efforts of the humble Cuba Bitcoin community, who spend their time educating and propagating the principles of Bitcoin to Cubans in an environment where the consequences of their actions are uncertain.

Ultimately, as Bitcoin continues to gain traction in Cuba, it remains to be seen how the government will react to the emergence of a parallel financial system. The Truth Behind Cuba’s Bitcoin Revolution provides a rare glimpse into a nation on the cusp of transformative change. Bitcoin could offer Cubans a glimmer of hope and freedom on an island where such aspirations have been long suppressed.

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Ripple Secures Spot in People Magazine’s List of 100 Companies ‘Putting Their Communities First’

Ripple Secures Spot in People Magazine’s List of 100 Companies ‘Putting Their Communities First’

San Francisco payments firm Ripple secured a spot on People Magazine’s official list of the top 100 companies that care about their communities. People Magazine said the list was about companies that “go the extra mile to honor their customers, empower their employees – and make the world a better place.” Ripple landed at number […]

The post Ripple Secures Spot in People Magazine’s List of 100 Companies ‘Putting Their Communities First’ appeared first on The Daily Hodl.

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Iman Europe and The Agenda chat mental health, music, Web3 and The Homies DAO

Musician and The Homies DAO founder Iman Europe sat down with The Agenda podcast to discuss how her Web3-based project promotes wellness among music workers.

Talk to any musician who has “made it,” and they’ll say that achieving fame is both a gift and a curse. While success in entertainment can obviously bring many positives, it also carries the pressure to stay relevant, the worry of constantly needing to stay connected to fans, and the loss of freedom and privacy that comes with being a regular Joe — all of which can be utterly exhausting. Add a jam-packed events schedule that robs artists of the time to detox and socialize, and fame begins to look like just as much a burden as it may be a blessing.

On the flip side, those aspiring to break through and finally go mainstream deal with the pressure of an uphill climb and the potential outcome that after all the struggle, there might not be a light at the end of the tunnel.

For this reason, mental health, wellness and feeling like one is plugged into a community are things all creators need to allocate time to, and The Homies DAO is focused on just that.

On Episode 17 of The Agenda podcast, hosts Ray Salmond and Jonathan DeYoung speak with singer and The Homies DAO founder Iman Europe about how the collective is using Web3 to bring artists together to focus on wellbeing.

A safe space for artists to breathe, relax and socialize

During the conversation, Europe detailed how lonely being a musician can feel and how difficult it can be to maintain social connections, given that sometimes it seems like family members are constantly hitting you up for money and perks, and strangers you connect with might have the ulterior motive of getting special benefits thanks to their new-found friend’s fame.

“I know a lot of artists felt very burnt out last year and felt like they couldn’t find their footing oftentimes because everything was moving so fast in Web3,” she said. “And so I saw the need for wellness in the space, and I also was needing it. I was juggling being an artist and the head of artist relations of Sound.xyz, and it was a lot. They were two full-time jobs, and I wasn’t making enough time for myself and my wellness, and I saw the effects of that.”

This inspired Europe to found The Homies DAO. “When I got to the end of the year, I knew I wanted to focus this year on wellness more and on being able to give that back to myself and also creating space for artists to do the same.”

When asked about the type of wellness and community activities Homies DAO members could participate in, Europe mentioned that the decentralized autonomous organization (DAO) provides a safe space and community where creators participating in the music industry can socialize, unwind, meditate, work out and engage in activity that offers a sense of community.

“We’re hosting our first event at the end of this month, the Homies Hangout, where we’ll have different forms of wellness. So it’ll be physical wellness — we’ll start with exercise, riding the bikes and spinning. This will be hosted at Burn Cycling. So we’ll start off with that, and then we’ll take a break and then come back for a sound bath, which is spiritual wellness. And then we’ll do some affirmations, and we’ll have someone come in and lead a group therapy session where we can all kind of talk together and talk about mental wellness and different resources to bettering that.”

As for the DAO’s future plans, “We plan to do a few things like monthly meetups like that, but also monthly meetups online where we’re able to just check in with each other and just have a space for that,” said Europe, adding:

“We later plan to do like educational content and just creating different content to bring more people on-chain. We want to create and mint projects through our DAO with the artists, maybe based around wellness. And our hopes are later to expand to offline retreats for artists, artist residencies.”

The Homies aims to put the focus on people instead of the pursuit of profit

Like a handful of the other crypto and Web3-focused DAOs in the space, The Homies DAO also has a nonfungible token (NFT) collection, with holders entitled to DAO membership and various other perks. Generally, projects with tokens or NFTs also have to contend with price speculators and NFT investors who don’t contribute anything to the project.

On the matter, Europe said, “I didn’t want to make this speculative. I wanted to make this more so of a community. They are limited. I think we’ll only have 500 members total right now.”

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When asked why she’s not currently concerned with floor prices, increasing the collective’s size, or even partnering with blue-chip projects, Europe replied:

“We’ll only have 500 because we really want to know each other, and we’re really trying to build a community, not just like a project. I think that’s the difference between a DAO and a project, is you want as many people to be on it as possible. But I think when we think of wellness, it is an intimate thing. And sometimes when you make it more about like clout and, I don’t know, speculation, it loses its truth, and it loses its power to really do what we want to do in this wellness.”

To hear more from Iman Europe’s conversation with The Agenda — including details on some major future plans for The Homies DAO — listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!

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This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Crypto users react to death of Shiba Inu behind viral memes

The 12-year-old dog had appeared in memes with Dogecoin's own inspiration, the Shiba Inu named Kabosu, including ‘Swole Doge vs. Cheems’.

Cheems Balltze, the dog behind viral images of the Shiba Inu enjoying cheeseburgers, died in his sleep on Aug. 18 amid a battle with cancer. 

The dog, also called “Ball Ball”, was 12 years old at the time of his death. The Shiba Inu breed in particular is famous among cryptocurrency users as the basis of tokens like Shiba Inu (SHIB) and Dogecoin (DOGE), pushed by retail investors as well as high-profile figures like X CEO Elon Musk.

“Don’t be sad, please remember the joy that Balltze brought to the world,” said an Aug. 18 post on Cheems’ Instagram page. “A Shiba Inu with a round smiling face connecting you and me, he has helped many people during the pandemic and brought a lot of joy to many of you, but now his mission has completed.”

A different dog from Kabosu — the one featured in the meme on which Dogecoin was based — Cheems also appeared in shared images with the DOGE dog, such as in the meme ‘Swole Doge vs. Cheems’. Kabosu is expected to celebrate his 18th birthday in October but has also been experiencing significant health issues. The Doge meme went viral in 2013, prompting the creation of the token the same year by Billy Markus and Jackson Palmer.

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Crypto users including those involved in the Dogecoin Foundation offered their condolences at the loss of Cheems and support for Kabosu’s continued health:

Source: Instagram

Memes of animals from cats to dolphins have often been the basis of token projects in the crypto space since its creation. In some real-world use cases, animals shelters have accepted DOGE and other coins as a way to encourage interest in spaying and neutering cats and dogs

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Satoshi-era Bitcoin awakens – 1005 BTC mined in 2010 on the move

1,005 BTC valued at $29 million have been moved from an old Bitcoin wallet after 13 years, drawing parallels to recent dormant BTC movements.

A Bitcoin (BTC) wallet containing 1,005 BTC mined in 2010 has reawakened, with an anonymous user moving the long dormant coins to new addresses in a number of different transactions.

Speaking exclusively to Cointelegraph, blockchain researcher, developer and cryptocurrency trader Kirill Kretov weighed in on the event after initially flagging the movement of the BTC which was mined just a year after Bitcoin’s inception.

Cointelegraph independently verified the details of the wallet using blockchain data from Blockchair. According to the wallet statement, the 1,005 BTC was valued at just $328 when it was received on 2010. The coins are valued at over $29 million at the time of publication. 

The wider cryptocurrency community also took note of the BTC awakening, with some questioning whether Bitcoin’s pseudonymous creator Satoshi Nakamoto was moving coins:

Kretov told Cointelegraph that it was unlikely that Bitcoin’s creator was quietly moving virgin BTC, suggesting that a long term holder or entity associated with previous dormant Bitcoin awakenings was behind the transaction. The researcher added that the holder could be selling Bitcoin in an over the counter transaction:

“I may expect the price to be higher than the current market because these are 100% clean Bitcoins. Not to mention how old they are which makes them especially attractive to crypto-numismatics.”

Kretov believes that the wallet could be controlled by the same user that had previously moved Bitcoin from wallets in 13 different instances between 2020 and 2021. According to the researcher, this involved 13 awakenings, each of 1000 BTC (from 20 wallets containing 50 mined BTC amounting to 13,000 BTC.

Kretov also noted that his research archives, which monitor a large number of virgin Bitcoin wallets in the immediate years after Bitcoin’s inception, have only flagged three other awakenings of 1000 Bitcoin or more.

This included a first instance, where 1000 Bitcoin from two wallets mined in 2011 were moved in December 2021. In April 2023, 1000 BTC mined in 2011 was moved from a single wallet before another 1037 BTC were moved from a wallet dating back to 2012 in July 2023.

“Those BTC from 2011 and 2012 and the sources of funds are different - not freshly mined coins. So the present awakening is much closer to those 13 instances.”

As Cointelegraph recently reported, another dormant BTC wallet holding over 1,037 coins was transferred to a new address. The BTC had been obtained in April 2012 at an estimated value of $5100, while its total value when it was moved in 2023 was around $31 million.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

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