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A whale that has been sleeping for 9 years “wakes up” and moves 109 million reais in bitcoin.

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A whale that has been sleeping for 9 years "wakes up" and moves 109 million reais in bitcoin.

Bitcoins, which have been in custody for over nine years, are now moving between wallets, drawing attention to whales. The last change in the portfolio occurred in May 2012.

It is worth noting that either JPMorgan criticized Bitcoin be a highly concentrated currency with no market liquidity.

Such criticism has come from an analysis of the adoption of digital currency by El Salvador, the first country to legalize currency as legal tender.

Currencies do not change hands very often, according to the bank, indicating that El Salvador will face liquidity problems. Recently Tesla sold part of his bitcoins also to test the liquidity of the market and has successfully passed its tests.

Bitcoin stopped moving between wallets nine years ago and is gaining attention

About ten years ago, the creator of Bitcoin Satoshi Nakamoto, disappeared from the community he helped create… This happened in December 2011 and many currencies have been stopped since then.

It can often be seen that in old network addresses some bitcoins remain intact even after a series of amazing all-time highs in the market.

One of the addresses that has had a lot of stuck bitcoins since May 2012 seems to wake up.

740 bitcoins stopped since 2012 are now moved /reproduction

After seeing the movement of 740 bitcoins in the wallet, the Whale Alert profile sent a notification to the market. When this amount moves, R $ 109,516,353 were sent over the Bitcoin network at just R $ 0.43 per transaction.

“An inactive address containing 791 BTC ($ 26,147,621) was only activated after 9.1 years!”

The awakening of the ancient whale shows that the addresses that bitcoins have been used for for years can reappear on the market at any time. Coincidentally, the transaction 9 years later comes amid criticism from JPMorgan that the network lacks the liquidity it needs to process transactions in El Salvador, but things could be very different.

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Apart from the old addresses becoming active again, bitcoin is split into multiple decimal places, indicating that satoshi (fractions) will be used in day to day life in this country. In El Salvador, for example, even coffee can now be paid with cryptocurrency

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Economy

The UK is preparing for electricity and gas to run out next winter. Worst-case scenario points to 4-day blackouts

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The UK is preparing for electricity and gas to run out next winter.  Worst-case scenario points to 4-day blackouts

Summer is still on, but winter is fast approaching, and European countries are making contingency plans to avoid running out of energy while Russia cuts back on the amount of gas it sends to Europe.

Based on a “reasonable worst-case scenario”, the British government is already gearing up for several days of the winter months when the cold could combine with gas shortages, causing “power outages” across the country, reaching industry and homes. .

Unidentified sources tell Bloomberg that London’s forecast is that the electricity grid will only be able to guarantee a sixth of the power during peak demand, after the government presented contingency plans to reopen coal-fired power plants. .

The worst-case scenario assumes that the United Kingdom will suffer blackouts for four days in January 2023 and that it will have to activate measures to reduce gas consumption at a time when gas supplies from Norway and France are also reduced. , while every country tries to secure its supplies for the coldest months of the year.

However, the British government believes that the worst scenario may not materialize, but does not rule out the possibility that, in the end, it will come true.

Bloomberg notes that this problem should be dealt with by whoever succeeds outgoing Prime Minister Boris Johnson next September. In a worst-case scenario, Liz Truss or Rishi Sunak will have an energy and social crisis on their hands, as the British public has expressed great dissatisfaction with a significant increase in the cost of energy, which could double in the face of rising inflation. and reduced purchasing power.

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Economy

In Russia began to dismantle aircraft for spare parts – Aviation

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In Russia began to dismantle aircraft for spare parts - Aviation

Russian airlines, including state-owned Aeroflot, are stripping planes to secure spare parts they can’t buy abroad due to Western sanctions, Reuters reported, citing four industry sources.

The companies are following Moscow’s guidance in June and are reaching out to some aircraft to get the parts they need to keep the rest of the fleet operational until at least 2025.

A source told Reuters that at least one Sukhoi Superjet 100 and one Aeroflot Airbus A350 are being dismantled, with the Airbus jet being “almost new”.

But the state-owned company has also stripped parts from some Boeing 737s and Airbus A320s to keep other planes of the same model flying.

Almost 80% of Aeroflot’s fleet is owned by the two largest aircraft manufacturers – 134 Boeing and 146 Airbus aircraft, and about 80 aircraft – Russian-made Sukhoi Superjet-100, which, according to the latest data, use many foreign-made parts, Reuters notes.

It will also be difficult for Moscow to buy parts from countries that have not imposed sanctions against Russia after the invasion of Ukraine. Asian and Middle Eastern airlines fear “secondary sanctions” from the West if they supply equipment, a source told the agency.

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After all, how much lower fuel prices? See accounts here

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After all, how much lower fuel prices?  See accounts here

Ethis week started with lower fuel prices, which was found for both diesel and gasoline. The fall averaged seven cents, slightly below forecast.

Average price for simple diesel fuel fell in price to 1746 euros per liter (‚ā¨/litre) on Monday, August 8, compared to 1816 euro/litre on Sunday. it discount seven cents.

Me and simple gasoline 95 cost, on average, ‚ā¨1805/liter on Monday, minus 7.3 cents than the 1,878 euros per liter registered the day before, according to data released by the Directorate General for Energy and Geology (DGEG).

With proven descent on plain petrol 95the price of this component returns to pre-war levels in Ukraine. Let me remind you that on February 23, the average price of regular gasoline 95 was 1816 euros / liter. On the same day of the invasion, plain gasoline 95 also cost ‚ā¨1,816 per litre, compared to the current ‚ā¨1,805 per litre..

Dynamics of fuel prices since the beginning of the war© DGEG website reproduction

The average price at gas stations for the week from 1 to 7 August in the case of gasoline was 0.9 cents higher than the ERSE weekly average price and 0.1 cents lower for diesel.. The information is contained in the Weekly Report on Supervision of Sales Prices to the Public, posted on Monday Energy Services Regulatory Authority (ERSE).

‚ÄúRegarding the previous week, it was found that the average selling price for the public, announced on the porticos and published in the Balc√£o √önico da Energia, was 0.9 cents per litre. [c√™ntimos/litro] higher than this week’s effective price for plain gasoline 95 and 0.1 cents/liter lower for plain diesel.”

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Thus, according to ERSE, ‚Äúin percentage terms, plain 95 gasoline was declared on taps 0.5% above the effective price, and ordinary diesel fuel was declared 0.1% below the effective price.‚ÄĚ

Read also: Fuel is cheaper today (and could return to pre-war prices)

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