Bitcoin News on Nostr: Bitcoin Wallet Last Active in the Satoshi Era Moved 50 BTC to Binance. A Satoshi-era ...

Bitcoin Wallet Last Active in the Satoshi Era Moved 50 BTC to Binance. A Satoshi-era Bitcoin wallet came out of its 14-year slumber to move 50 bitcoins to Binance. Moving funds to a centralized exchange often means the one controlling the wallet is cashing out on their holdings. Knowing that, it is safe to assume the holder liquidated their bitcoins for just over $3 million, marking gigantic profits as those 50 bitcoins entered their wallet when the asset was just $0.05 a pop. The $25 they held in 2010 has now turned into $3 million. And how did they come into possession of the bitcoins? Their wallet’s transaction history reveals they received the assets for mining a single block. In 2010, block rewards amounted to 50 bitcoins plus transaction fees. Now, it is 3.125 bitcoins alongside transaction fees. Moreover, Bitcoin mining was fairly simple then, allowing anyone to do so from their PCs.