Aurelia Butler

Following reports of the activation of a dormant Bitcoin wallet holding 1,000 BTC worth $27 million after 12 years, host of CNBC’s “Crypto Trader” Ran Neuner expressed concerns about old BTC addresses becoming active. He said that it could be “really scary” if a wallet generator had been cracked, which would be catastrophic.According to reports, the Satoshi-era Bitcoin whale moved 400 BTC worth around $11 million after a 12-year period of no transactions. The movements showed the whale moved 360 BTC ($9.8 million) to one wallet and another 40 BTC to a number of other locations, while 600 BTC remains in the wallet.On-chain data shows that the recently activated wallet received BTC worth $1,380 last 2021. The activated wallet has had several transactions of receiving BTC since 2011. However, the latest activity represents the first transaction since that year.This is the second time in recent weeks that news has been made about a wallet being reactivated after being dormant for over a decade. Last week, Whale Alert reported that a whale with 1,128 BTC moved over 279 BTC, or $7.6 million, to new wallets after 10.5 years of inactivity. On-chain analytics firm Lookonchain provided further details on the wallet activity.These events come as the Bitcoin network is experiencing an uptick in activity, with Glassnode reporting that organic transaction counts are now over 270k/day, approaching cycle highs on a monthly average basis.Despite the recent increase in activity, Bitcoin is down 0.64% over the last 24 hours, trading at $27,433, according to CoinMarketCap. Bitcoin remains the most dominant cryptocurrency on the market and has already surpassed $30,000 in 2023 following a frigid crypto winter a year prior.The post Dormant BTC Wallets Worth Millions Reawaken; Trader Raises Concerns appeared first on Coin Edition.See original on CoinEdition More

Optimus AI (OPTI) has reportedly emerged as a promising memecoin for crypto investors, due to its rapidly growing community and ambitious development plans. Despite the risks associated with meme coins, OPTI appears to show strength in a turbulent market, trading at $0.39 and having a consistent volume of around $35,000,000 market cap.The community surrounding OPTI seems to be highly active, regularly hosting raids and meme competitions, and engagement levels are at an all-time high. The project has also caught the attention of crypto trader Ran Neuner, who recently posted a chart showing how OPTI gained 24% and has the potential to succeed in the upcoming meme coin rally.Neuner wrote:OPTI’s recent addition of new core team members, including a Senior Advisor with billion-dollar market cap project experience, is an exciting development. The team expansion has boosted optimism around OPTI, as the community believes it will drive the project forward. More

Romero stresses the need for governments and the industry to tackle the primary feature that makes cryptocurrencies appealing to illicit finance — anonymity. In her speech, Romero said that the risks associated with digital assets must be managed, as market integrity, national security and financial stability are crucial and cannot be compromised. Continue Reading on Coin Telegraph More

On April 25, the reState Foundation hosted a virtual talk between the co-founder and inventor of Ethereum, Vitalik Buterin, and the founder of the Isha Foundation, the Indian mystic Sadhguru, to discuss the intersection of technology and human consciousness. Continue Reading on Coin Telegraph More

On April 24, 2023, a Bitcoin whale wallet that had been dormant for nearly 12 years sprang back to life, moving a total of 400 Bitcoins — currently valued at around $11 million. The transactions involved transferring 360 BTC ($9.8 million) to a single wallet and distributing the remaining 40 BTC among various other addresses.This isn’t the only large whale movement this month. Last week, a whale moved 279 BTC ($7.6 million) to new wallets following a 10-year dormancy. In February, an 11-year-old dormant BTC address moved $9.6 million worth of Bitcoin, which had appreciated by 120,000,000% since the investor originally acquired them at $8 per coin.While large transactions happen regularly, decade-long inactivity is relatively uncommon, according to Kirill Kretov, a developer specializing in automated trading tools. Speaking to a media outlet, Kretov also suggested that the same entity might be behind the recent spate of large-scale whale activities.Bitcoin whales are among the most successful investors, as the value of the cryptocurrency has skyrocketed by over 40,000% in the past decade. Research shows that long-term holders tend to reap the greatest rewards, while inexperienced retail investors engaging in short-term trading often lose money.The abrupt reactivation of this dormant wallet has captured the attention of the cryptocurrency community, with many speculating about the wallet owner’s identity and the motives behind the move. A well-known crypto trader, referred to as “the wolf,” put forth the idea that these could be “old hacking wallets.”Additionally, some Twitter users have hypothesized that the wallet might be linked to individuals involved in the Silk Road, who are now being released from prison.The post Bitcoin Whale Makes Waves Moving $11M After Years of Inactivity appeared first on Coin Edition.See original on CoinEdition More

On April 25, blockchain data platform Chainalysis reported that three individuals operating in China have been sanctioned by U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today for facilitating cryptocurrency money laundering on behalf of the DPRK.The account further shared that the OFAC has identified the three sanctioned individuals as Wu Huihui (Wu), Cheng Hung Man (Cheng), and Sim Hyon Sop (Sim). In addition to being sanctioned by OFAC, Sim has also been charged by the Department of Justice (DOJ) for his alleged involvement in money laundering conspiracies.Moreover, an announcement by OFAC and the DOJ revealed more information about North Korea’s methods of laundering cryptocurrency, particularly with regard to their actions after withdrawing funds from mixers. This new information offers valuable insight into the operations of North Korea’s illicit financial activities.The reactor graph posted by Chainalysis illustrates how DPRK actors initially utilized mixing services to conceal the source of their illicitly obtained funds. They then collaborated with over-the-counter (OTC) traders to transfer the funds to more mainstream exchanges, where they could be converted into cash.According to the blog published by Chainalysis, the Reactor graph shows how DPRK actors utilized mixing services and decentralized exchanges to conceal the origin of their illicitly obtained funds, which were then transferred to the wallets of Wu and Sim, as well as other OTC markets. Wu and Sim later converted the funds into fiat currency on mainstream exchanges. Additionally, the graph suggests a possible link between the individuals responsible for the 2019 hacks and those involved in laundering the stolen cryptocurrency.The post Data Platform Reveals North Korea’s Illicit Financial Activities appeared first on Coin Edition.See original on CoinEdition More