Half a million dollars worth of Bitcoin mined in 2010 was mysteriously transferred to Bitfinex
Two days ago, 50 Bitcoins, worth around $ 500,000, were transferred to a Bitfinex hot wallet.
This may sound like nothing but a normal transaction.
But the reason we are writing an article about it is the date of its mining, which dates back to May 2010, and no currency has been moved since then until the day before yesterday.
For your information, in May 2010, Satoshi Nakamoto, the founder of Bitcoin, was still active.
This transaction that moved Bitcoin coins that was revoked ten years ago may not have been addressed due to the successive big events that have dominated the scene of the crypto market, from President “Trump” infection with the Corona virus to accusing Bitmex of money laundering.
50 Bitcoin move from the time of Satoshi Nakamoto:
On October 1, 2020, someone sent 50 Bitcoins, currently worth just over $ 500,000, to a wallet that appears to belong to the cryptocurrency trading platform Bitfinex.
A closer look at the sending address turns out to be the second ever transaction made from that address.
The first transaction was made in 2010, seized on May 25, 2010, and it was a collective mining reward.
This means that the address received 50 Bitcoins ten years ago to mine a block on the Bitcoin network and has not touched it since.
And it seems that this person did the right thing as the currency paid off more with time, as it was at that time in 2010 almost without value and is today estimated at half a million dollars.
It is also interesting to note that this address was during the time when Satoshi Nakamoto, the creator of Bitcoin, was still active.
Data from the popular Bitcointalk forum shows that Satoshi's last activity was in December 2010.
Bitcoin price unaffected by transaction:
It is clearly not the first time that bitcoins have been sent from old addresses to cryptocurrency trading platforms.
In May of this year, we reported on Bitcoin Arabs that someone had sent 50 bitcoins that were mined in 2009 to an unknown wallet.
Many members of the cryptocurrency community have speculated that it could be a "satoshi" and the price has fallen as a result of concerns that more bitcoin offloading will follow.
But this did not happen, and the same thing can be said about this transaction, which the founder of Binance "CZ" also commented on by saying:
Last time (5 months ago), this was associated with a 7% decrease.
Now this is nothing.
Correlation does not prove causation.
Nice