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- A whale holding $73.4 M Bitcoin transferred $634 k worth of BTC to Kraken.
- Arkham Intel shared that the whale who holds BTC mined after a month of Bitcoin’s genesis block has now made a second transaction.
- This transaction comes amid renewed speculation over the true identity of BTC’s pseudonymous creator, Satoshi Nakamoto.
A one-decade Bitcoin whale that mined BTC in the Bitcoin network’s first month of existence has moved more assets to the cryptocurrency exchange Kraken. The whale, which held $73.4 M Bitcoin, transferred $ 634k worth of BTC to Kraken as a second transaction in about 10 years.
In an X post, Arkham Intel shared that the whale transferred a more significant amount compared to the first move over a month ago, in which the same account transferred about 5 BTC to Kraken. The account has now deposited a total of $4.21M to Kraken.
ANCIENT BTC WHALE MOVES ANOTHER $600K TO KRAKEN
A long-dormant whale holding $73.4M Bitcoin who woke up 1 month ago moved another $634K BTC to Kraken this morning.
His BTC was mined ONE MONTH after Bitcoin’s genesis block. pic.twitter.com/PtNqeX3vdK
— Arkham (@arkham) October 7, 2024
HBO’s documentary sparks Satoshi speculation
This development comes amid renewed speculation over the true identity of BTC’s pseudonymous creator, Satoshi Nakamoto. HBO plans to release the “Money Electric: The Bitcoin Mystery” documentary on Oct. 8, which the producers claim will reveal Nakamoto’s true identity
Deceased American computer scientist Len Sassaman is the odds-on favourite to be named Nakamoto in the HBO documentary. Sassaman was a renowned cypherpunk who committed suicide in July. 3, 2011 — a little over two months after Nakamoto disclosed they had “moved on to other things.”
A memorial of Sassaman was encoded into Block 138,725 of the BTC blockchain.
It’s unclear exactly what connection Sassaman had with Bitcoin. Still, several 13-year-old X posts show Sassaman criticizing BTC for its lack of “privacy” features and “fraud reversal protection.”
In 2021, Sassaman’s late wife, Meredith Patterson, said that to the “best of my knowledge, Len was not Satoshi.” Bitcoin is currently trading at $63,593, a difference of +0.84% in the last 24 hours.
Blockchain-based betting platform Polymarket shows that Sassaman is the leading candidate, though the implied probability that he is Satoshi has dropped on the site to 24% from as high as 68% on Oct. 3.
The crypto community should pay special attention to who Nakamoto truly is, as the launch date is set for October 8. Some of the coins that have remained unspent for years may migrate, causing turbulence in Bitcoin.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Nellius Irene
Nellius is a Business Management and IT graduate with five years of experience in the cryptocurrency industry. She is also a graduate of Bitcoin Dada. Nellius has contributed to leading media publications, including BanklessTimes, Cryptobasic, and Riseup Media.
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