Connect with us

Economy

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

Published

on

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.

See also  Binance CEO Conducts Discussion with Elon Musk about Dogecoin

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Wall Street is back on a roller coaster of volatility. But Biden still has a positive balance for a year – Bolsa

Published

on

Wall Street is back on a roller coaster of volatility.  But Biden still has a positive balance for a year - Bolsa

US equities continued to test positive territory but eventually turned red in a volatile session with many ups and downs.

The Dow Jones industrial index fell 0.89% to 34,715.39 points. Remember, on January 5th it reached a level that was not there before, 36,952.65 points.

The Standard & Poor’s 500 fell 1.10% to 4482.73. Its historical maximum was reached in intraday trading on January 4 and amounted to 4818.62 points.

On the other hand, the Nasdaq Composite Technology Index lost 1.30% to 14,154.02 points. Yesterday, the index entered correction territory, losing 10% from its previous closing record reached on November 19. Its all-time intraday high is 16,212.23 points, set on November 22.

Indices on the other side of the Atlantic once again fluctuated between profit and loss, trading in positive territory as the rise in sovereign debt rates stabilized.

The sun was short-lived, however, and late in the session, the sell-off movement seen in recent days became more visible again, especially in the technology sector, which has grown strongly over the past two years due to low interest rates. and that he now fears the consequences of a Fed rate hike that could start as early as March.

This drop in technology is not a promising sign ahead of the final quarter 2021 financial report, Bloomberg highlights. It will be Netflix’s turn today as soon as Wall Street ends its regular timeslot.

It has been a very volatile month for US stocks. Nevertheless, CNN notes, the first year of Joe Biden’s presidential term has a positive balance in the stock markets.

See also  Rivian Shares Fall Below Amazon-Stellantis IPO Price - Transportes Agreement

A year ago on this date, Biden took office and the S&P 500 has risen about 18% over that period, hitting consecutive all-time highs. The Dow Jones is accumulating more than 12% gains, while the Nasdaq posted a less “impressive” performance of just 6%.

But this start to the year isn’t just bad for the Nasdaq. So far, the S&P 500 and Dow are down more than 4% since the first session of 2021.

Continue Reading

Economy

Bitbase Spaniards Want to Invade Portuguese Trade Centers with Crypto ATM

Published

on

Bitbase Spaniards Want to Invade Portuguese Trade Centers with Crypto ATM

Spanish giant Bitbase, a cryptocurrency retailer that completed a $52 million virtual asset transaction last year alone, has decided to choose Portugal as the first country to start international expansion.

The company will open its first store in the country next Monday, January 24th. The space will be located in Campo de Ourica, Lisbon. In a press release sent to Negosios, the company added that it still wants to launch cryptocurrency ATMs.

“The company’s vision is to make specialty stores accessible to the public, where people can not only buy or sell cryptocurrencies, but also provide information, advice, or buy other physical products related to the cryptographic world. the function is to explain in as much detail as necessary what cryptocurrencies, blockchain and decentralized finance (DeFi) are,” the company, led by Alex Fernandez, explains in a statement.

Contacting Negosios, Bitbase clarified that in the short term, “in addition to the store in Lisbon, we would like to open another one in Porto, as well as install four crypto terminals in malls.” By the end of 2022, the company still aims to recruit and train “five to ten people.”

Bitbase’s big bet in Portugal will be on the franchise, a model that is widely adopted in Spain and forms a prominent part of the spaces that represent the brand. After Portugal, the company wants to enter the markets of Great Britain and Colombia.

The Spaniards are in direct competition with the Portuguese “cryptomas”

The new Bitbase store will be the second store of its kind to be opened in the country, as Criptoloja, one of the “children of crypto” licensed by Banco de Portugal last year and in the meantime acquired by the Brazilian giant 2TM, already has a face-to-face service faces on Avenida da Liberdade in Lisbon.

See also  Investors love Powell's words and Wall Street is recovering - stock exchange

In terms of ATMs, they will also compete directly with another Portuguese “crypto baby”, Mind the Coin, which already has six crypto terminals: Braga, Maia, Faro, Alverca, and now Lisbon and Gaia, according to data provided by company and confirmed by Negosios on the Coin ATM Radar platform.

When asked when he would start installing new machines in Porto and other cities, manager Fernando Guimarães replied that “there is no formal schedule, but as soon as a partnership arises, we are ready to do it.”

Continue Reading

Economy

City Center Covilhã will open its doors in 2023. The shopping center will cover an area of ​​18,000 square meters – Empresas

Published

on

City Center Covilhã will open its doors in 2023.  The shopping center will cover an area of ​​18,000 square meters - Empresas

City Center Covilhã is due to open its doors in the second quarter of 2023, according to CBRE, the consulting company responsible for commercializing the commercial project. The real estate consulting firm said in a statement that the space is intended to “help increase investment at the gates of the city of Serra da Estrela.”

This shopping center, which will be located on the axis of the main road of Covilhã, will have a total area of ​​about 18,000 square meters and 14 stores, clarifies CBRE. In total, it will have two floors, “two of them with direct access from the arteries surrounding the project and parking for approximately 740 spaces, of which 242 are located on the surface.”

According to the newspaper O MIA, this project should create 600 jobs in the region. The project is promoted by Forumlar with Frontcity being the person responsible for the architecture. Forumlar’s directors, Artur Costa Pais and Paulo Ramos, have an investment portfolio of tens of millions of euros in consortium with other tourism, distribution and healthcare partners in the Serra da Estrela region.

“This type of project, which in some situations can be seen as an extension of street retail with additional parking valence for customer convenience, has proven to be an asset typology that is resilient to the negative effects of the pandemic,” explains Carlos Recio, director of retail advisory and transactional services at CBRE, quoted in the statement. .

“This feature was due, on the one hand, to the physical characteristics, since they are open spaces, large sizes and direct access to stores from the outside, which gives consumers a sense of security, and on the other hand, for the offer that they traditionally have, including some of the sectors of activity that were less affected by the drop in consumption.”

See also  Montepio hires Bison Bank to sell Groundforce

Continue Reading

Trending