The transaction, which happened on January 5 at 1:52 a.m. Eastern Time, garnered notice because it was unique.<\/p>\n\n\n\n
The fact that this transaction required transferring money from a depleted wallet to the Genesis wallet sets it apart from others.<\/p>\n\n\n\n
Compared to the typical transaction cost, the $100 transaction fee that was associated with it is significantly greater.<\/p>\n\n\n\n
The wallet was first funded by three different wallets, the majority of which came from a wallet connected to Binance on the blockchain analytics platform Arkham Intelligence.<\/p>\n\n\n\n
A director at Coinbase named Conor Grogan conjectured on X (previously Twitter) that the transaction would be the re-emergence of Nakamoto depositing Bitcoin from Binance or someone purposefully burning over $1 million.<\/p>\n\n\n\n
Grogan went so far as to speculate that the anonymous transfer might have been a gimmick to promote a spot Bitcoin exchange-traded fund.<\/p>\n\n\n\n
Funds from Nakamoto’s wallets, including the Genesis wallet, have not been transferred since his disappearance in December 2010.<\/p>\n\n\n\n
Nakamoto might still be in charge of the money and keep the private keys to these wallets, though.<\/p>\n\n\n\n
The first 50 bitcoins that were mined while Nakamoto was still alive were kept in the Genesis wallet.<\/p>\n\n\n\n
Users all over the world celebrated Bitcoin’s 14th birthday by contributing BTC to the address holding the rewards for mining the genesis block.<\/p>\n\n\n\n
By the end of 2023, the wallet had 72 bitcoins thanks to these gifts.<\/p>\n\n\n\n More Likely to Be a Group, Nakamoto<\/strong><\/strong><\/p>\n\n\n\n As previously reported, new research suggests that Nakamoto might potentially be a group of people. <\/p>\n\n\n\n The Bitcoin white paper uses both “we” and “I,” suggesting that a group of people might be working together under a single pseudonym. This is one piece of evidence.<\/p>\n\n\n\n A linguistic analysis of Nakamoto’s writings provides additional proof.<\/p>\n\n\n\n The white paper demonstrates flawless English with precise vocabulary and appropriate application of technical words.<\/p>\n\n\n\n However, Nakamoto’s writing style seems to fluctuate across emails and forums, indicating that more than one person was engaged.<\/p>\n\n\n\n Nakamoto’s mail’s timestamps also suggest that more than one person was involved.<\/p>\n\n\n\n Theories abound about where Nakamoto lived; some claim the creator of Bitcoin was based in the UK, while others discover he was in California.<\/p>\n\n\n\n According to an analysis titled “The Time Zones of Satoshi Nakamoto,” which examined Nakamoto’s hourly activities, Nakamoto most likely lived in the Eastern Standard Time (EST) zone.<\/p>\n\n\n\n The concept of many time zones being engaged would make sense if Nakamoto is, in fact, a group.<\/p>\n\n\n\n Another clue that Nakamoto might be a collective is the depth of expertise he demonstrated.<\/p>\n\n\n\n He was proficient in computer science, mathematics, game theory, has perfect English, and was effectively hiding his identity for more than ten years.<\/p>\n\n\n\n About the author<\/strong><\/strong><\/p>\n\n\n\n Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.<\/p>\n","protected":false},"excerpt":{"rendered":" January 12, 2024 By Anjali Kochhar A user of Bitcoin (BTC) who wishes to remain anonymous has transferred 26.9 BTC, or $1.17 million, to the Genesis Wallet\u2014the first wallet that Satoshi […]<\/p>\n","protected":false},"author":1,"featured_media":4889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/4887"}],"collection":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/comments?post=4887"}],"version-history":[{"count":1,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/4887\/revisions"}],"predecessor-version":[{"id":4890,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/4887\/revisions\/4890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media\/4889"}],"wp:attachment":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media?parent=4887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/categories?post=4887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/tags?post=4887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/nftmetta.com\/wp-content\/uploads\/2024\/01\/By-the-end-of-20.jpg\")
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